MORMARC LIMITED

🌳Matureactive
SC148220 · ltd · incorporated 1994-01-05
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-11.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -95% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 25.0y

45/100
under pressure

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

  • · Oldest live charge is 25.0 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 (76/100)

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

Company profile
address, 1 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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
77 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
Negative net assets
Liabilities exceed assets by £11,281
Very low cash
Cash position: £2
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2
↓ 95% YoY
Net Worth
-£11k
↓ 18% YoY
Current Assets
£12k
↓ 13% YoY
Current Liabilities
—
-£11k-£6k-£1k£4k£9k£14kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£-3.9k£-1.8k
Current assets£12.4k£14.2k
Cash£2£44
Debtors£12.4k£14.1k
Net assets£-11.3k£-9.5k

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-01-23
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2020-01-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-01-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-01-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2016-01-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2015-01-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2001-06-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  17. 1994-03-10
    ➕
    ABBOTT, Mary Louise appointed
    secretary
  18. 1994-03-10
    ➕
    ABBOTT, David Ross appointed
    director
  19. 1994-03-10
    ➕
    ABBOTT, Mary Louise appointed
    director
  20. 1994-03-10
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  21. 1994-03-10
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  22. 1994-01-05
    🏢
    Company incorporated
    As MORMARC LIMITED
  23. 1994-01-05
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 1994-01-05
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
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 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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 David Ross Abbott
Individual · British · DOB 12/1952 · age 74
25–50%
—25-50% shares06/04/2016

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

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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
Incorporated1994-01-05
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Loanend Farm
Strichen
Fraserburgh
Aberdeenshire,
AB43 6RQ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (3 active · 2 resigned)

ABBOTT, Mary Louise→
secretary · appointed 1994-03-10
View their other companies + combined net worth →
Active
ABBOTT, David Ross→
director · ~74y · appointed 1994-03-10
View their other companies + combined net worth →
Active
ABBOTT, Mary Louise→
director · ~67y · appointed 1994-03-10
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1994-01-05 · resigned 1994-03-10
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1994-01-05 · resigned 1994-03-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/06/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-31
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2020-01-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-16