MRC FITNESS & LEISURE LIMITED

💤Zombieactive
SC087814 · ltd · incorporated 1984-04-30
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£20.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 96040Physical well-being activities
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 29.9y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 29.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £20,092
Cash YoY
-11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£16k
↓ 11% YoY
Net Worth
£20k
↑ 17% YoY
Current Assets
£18k
↓ 7.3% YoY
Current Liabilities
—
£0£4k£8k£12k£16k£20kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£24.0k£25.0k
Current assets£17.6k£18.9k
Cash£15.7k£17.6k
Debtors£940£940
Net assets£20.1k£17.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-08-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-09-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-07-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-09-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-09-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-08-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-08-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-09-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2008-05-23
    🔓
    Charge satisfied #1
  17. 2007-09-30
    ➖
    YOUNG, Martine resigned
    director
  18. 2003-09-01
    ➕
    CLARK, Malcolm appointed
    secretary
  19. 2003-09-01
    ➖
    CLARK, Malcolm resigned
    secretary
  20. 2003-09-01
    ➖
    CLARK, Helen Malloch resigned
    director
  21. 2003-09-01
    ➖
    CLARK, Malcolm resigned
    director
  22. 1997-10-29
    ➕
    WALLACE, Lorraine appointed
    director
  23. 1997-10-29
    ➕
    YOUNG, Martine appointed
    director
  24. 1996-06-13
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 1984-04-30
    🏢
    Company incorporated
    As MRC FITNESS & LEISURE LIMITED

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Lorraine Wallace
Individual · British · DOB 04/1957 · age 69
75–100%
—75-100% shares01/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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————33y8374y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1984-04-30
Jurisdictionscotland
Primary SIC93130 — Fitness facilities

Registered office

20 James Street
Dalry
Ayrshire
KA24 5ET

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-12
Last: 2025-07-29

Officers (2 active · 4 resigned)

CLARK, Malcolm→
secretary · appointed 2003-09-01
View their other companies + combined net worth →
Active
WALLACE, Lorraine→
director · ~69y · appointed 1997-10-29
View their other companies + combined net worth →
Active
CLARK, Malcolm→
secretary · resigned 2003-09-01
Resigned
CLARK, Helen Malloch→
director · ~89y · resigned 2003-09-01
Resigned
CLARK, Malcolm→
director · ~89y · resigned 2003-09-01
Resigned
YOUNG, Martine→
director · ~60y · appointed 1997-10-29 · resigned 2007-09-30
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property13/06/199623/05/2008

Recent filings (98 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-31