MORCAV LIMITED

🌳Matureactive
SC163661 · ltd · incorporated 1996-02-23
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 77/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 30.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 30.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees00

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-07
    ➕
    CAVELLINI, Michael Nicholas appointed
    director
  4. 2024-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-03-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2021-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-03-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2021-03-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-02-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2021-02-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2021-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-02-05
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2021-02-05
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2021-01-18
    ➖
    CAVELLINI, Derek David resigned
    secretary
  17. 2021-01-18
    ➖
    CAVELLINI, Derek David resigned
    director
  18. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2019-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2019-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2019-10-28
    🔓
    Charge satisfied #4
  23. 2019-10-28
    🔓
    Charge satisfied #3
  24. 2019-10-28
    🔓
    Charge satisfied #2
  25. 2019-09-25
    🔓
    Charge satisfied #5
  26. 2019-09-02
    🔓
    Charge satisfied #1
  27. 2019-04-09
    🔓
    Charge satisfied #6
  28. 2014-02-18
    ➖
    FERRIE, Morris resigned
    director
  29. 2004-05-03
    🔒
    Charge registered #6
    Lender: Hillcrest Housing Association Limited
  30. 2004-05-03
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  31. 1999-07-16
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  32. 1997-04-16
    🔒
    Charge registered #3
    Lender: Scottish Homes
  33. 1996-10-22
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  34. 1996-04-18
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  35. 1996-02-23
    🏢
    Company incorporated
    As MORCAV LIMITED
  36. 1996-02-23
    ➕
    CAVELLINI, Brian Nicholas appointed
    director
  37. 1996-02-23
    ➕
    CAVELLINI, Derek David appointed
    secretary
  38. 1996-02-23
    ➕
    REID, Brian appointed
    nominee-secretary
  39. 1996-02-23
    ➖
    REID, Brian resigned
    nominee-secretary
  40. 1996-02-23
    ➕
    CAVELLINI, Derek David appointed
    director
  41. 1996-02-23
    ➕
    FERRIE, Morris appointed
    director
  42. 1996-02-23
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  43. 1996-02-23
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

84/100
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 30 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — CAVELLINI, Michael Nicholas (same surname) appointed 2024-08-07. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 63. 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 30 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Bricav Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bricav Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MORCAV LIMITED
This company · SC163661

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bricav Ltd
Corporate entity
75–100%
—75-100% shares18/01/2021
2 historic (ceased) PSCs
  • Mr Brian Nicholas Cavelliniceased 25/02/2021· 25-50% shares
  • Mr Derek David Cavelliniceased 18/01/2021· 25-50% shares

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

6 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
Incorporated1996-02-23
Jurisdictionscotland
Primary SIC43390 — Other building completion and finishing

Registered office

58 Jeanfield Road
Perth
PH1 1NZ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18

Officers (2 active · 5 resigned)

CAVELLINI, Brian Nicholas→
director · ~63y · appointed 1996-02-23
View their other companies + combined net worth →
Active
CAVELLINI, Michael Nicholas→
director · ~37y · appointed 2024-08-07
View their other companies + combined net worth →
Active
CAVELLINI, Derek David→
secretary · appointed 1996-02-23 · resigned 2021-01-18
Resigned
REID, Brian→
nominee-secretary · appointed 1996-02-23 · resigned 1996-02-23
Resigned
CAVELLINI, Derek David→
director · ~65y · appointed 1996-02-23 · resigned 2021-01-18
Resigned
FERRIE, Morris→
director · ~82y · appointed 1996-02-23 · resigned 2014-02-18
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1996-02-23 · resigned 1996-02-23
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Hillcrest Housing Association
Hillcrest Housing Association Limited
Standard security1 property03/05/200409/04/2019
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/05/200425/09/2019
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property16/07/199928/10/2019
satisfied
Scottish Homes
Standard security1 property16/04/199728/10/2019
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/10/199628/10/2019
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property18/04/199602/09/2019

Recent filings (99 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
appoint-person-director-company-with-name-date
officers · AP01
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-30
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-03-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-09