M2 TECHNICAL SERVICES LIMITED

🌳Matureactive
SC130107 · ltd · incorporated 1991-02-20
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£23.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 95110Repair of computers and peripheral equipment
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

2 live charges · oldest 34.2y

45/100
under pressure

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

  • · Oldest live charge is 34.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
96 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 · accounting standard not declared
Positive net assets
Net assets £23,465
Net assets shrinking
Down £39,827 YoY
Cash draining
Cash down 59% YoY
Cash YoY
-59%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£31k
↓ 59% YoY
Net Worth
£23k
↓ 63% YoY
Current Assets
£62k
↓ 43% YoY
Current Liabilities
—
£0£22k£44k£65k£87k£109kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£23.5k£63.3k
Current assets£62.3k£109.1k
Cash£31.4k£76.2k
Debtors£32.1k£30.3k
Net assets£23.5k£63.3k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-11-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-11-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-11-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-06-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-06-05
    🔓
    Charge satisfied #2
  7. 2023-05-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-05-31
    🔓
    Charge satisfied #1
  9. 2022-11-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-11-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-02-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2019-11-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-11-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2017-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-08-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-10-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 1999-04-26
    ➕
    MIDDLETON, Angela appointed
    secretary
  19. 1999-04-26
    ➕
    IRVING, Thomas James Jardine appointed
    director
  20. 1999-04-26
    ➖
    BRADLEY, Pauline Anne resigned
    secretary
  21. 1999-04-23
    ➖
    MCFADYEN, Terence resigned
    director
  22. 1995-10-31
    ➖
    MACFARLANE, Brian Ferguson resigned
    director
  23. 1994-09-01
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  24. 1992-02-19
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 1991-03-18
    ➖
    MILLER, Liam Ballantine resigned
    director
  26. 1991-02-26
    ➕
    MCLAY, Kenneth Neil appointed
    director
  27. 1991-02-26
    ➕
    MCFADYEN, Terence appointed
    director
  28. 1991-02-20
    🏢
    Company incorporated
    As M2 TECHNICAL SERVICES LIMITED
  29. 1991-02-20
    ➕
    BRADLEY, Pauline Anne appointed
    secretary
  30. 1991-02-20
    ➕
    MACFARLANE, Brian Ferguson appointed
    director
  31. 1991-02-20
    ➕
    MILLER, Liam Ballantine appointed
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

86/100
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 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Neil Mclay
Individual · British · DOB 07/1962 · age 64
50–75%
—50-75% shares06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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

7 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
Incorporated1991-02-20
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

32 Flowerhill Street Flowerhill Industrial Estate
Airdrie
ML6 6BH
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (3 active · 4 resigned)

MIDDLETON, Angela→
secretary · appointed 1999-04-26
View their other companies + combined net worth →
Active
IRVING, Thomas James Jardine→
director · ~65y · appointed 1999-04-26
View their other companies + combined net worth →
Active
MCLAY, Kenneth Neil→
director · ~64y · appointed 1991-02-26
View their other companies + combined net worth →
Active
BRADLEY, Pauline Anne→
secretary · appointed 1991-02-20 · resigned 1999-04-26
Resigned
MACFARLANE, Brian Ferguson→
director · ~77y · appointed 1991-02-20 · resigned 1995-10-31
Resigned
MCFADYEN, Terence→
director · ~70y · appointed 1991-02-26 · resigned 1999-04-23
Resigned
MILLER, Liam Ballantine→
director · ~79y · appointed 1991-02-20 · resigned 1991-03-18
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property01/09/199405/06/2023
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property19/02/199231/05/2023

Recent filings (96 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-11