MGA FINANCIAL MANAGEMENT LIMITED

💤Zombieactive
SC189425 · ltd · incorporated 1998-09-16
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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other activities auxiliary to financial services, except insurance and pension funding
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 27.5y

45/100
under pressure

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

  • · Oldest live charge is 27.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 4 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
84 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.

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 employees300300

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

🔒Filing-note intelligence

3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-07-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-09-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-07-12
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  5. 2021-09-21
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  6. 2020-06-16
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  7. 2019-05-24
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  8. 2018-05-15
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  9. 2017-06-10
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  10. 2016-06-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2015-09-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2015-09-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-09-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2014-09-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-05-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2011-08-01
    ➕
    MCGILLIVRAY, Elizabeth Norma appointed
    secretary
  17. 2011-06-17
    ➖
    RUTHERFORD, Sandra Marie resigned
    secretary
  18. 2010-04-15
    🔓
    Charge satisfied #1
  19. 2005-01-31
    ➕
    RUTHERFORD, Sandra Marie appointed
    secretary
  20. 2005-01-31
    ➖
    WHYTE, Alison Helen Mcnair resigned
    secretary
  21. 2002-08-30
    ➕
    WHYTE, Alison Helen Mcnair appointed
    secretary
  22. 2002-08-30
    ➖
    MCMICHAEL GRIEVE & ALEXANDER resigned
    corporate-secretary
  23. 2002-08-30
    ➖
    ALEXANDER, Bryan Jon resigned
    director
  24. 2002-08-30
    ➖
    GRIEVE, Alistair Morrice resigned
    director
  25. 2002-08-30
    ➖
    MCMICHAEL, William Robert Wilson resigned
    director
  26. 1998-11-04
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 1998-10-28
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 1998-09-24
    ➕
    MARA, Ian appointed
    director
  29. 1998-09-24
    ➕
    MCMICHAEL GRIEVE & ALEXANDER appointed
    corporate-secretary
  30. 1998-09-24
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  31. 1998-09-24
    ➕
    ALEXANDER, Bryan Jon appointed
    director
  32. 1998-09-24
    ➕
    GRIEVE, Alistair Morrice appointed
    director
  33. 1998-09-24
    ➕
    MCMICHAEL, William Robert Wilson appointed
    director
  34. 1998-09-24
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  35. 1998-09-16
    🏢
    Company incorporated
    As MGA FINANCIAL MANAGEMENT LIMITED
  36. 1998-09-16
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  37. 1998-09-16
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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 28 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63. 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 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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
Mr Ian Mara
Individual · British · DOB 05/1963 · age 63
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest01/09/2016

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
Incorporated1998-09-16
Jurisdictionscotland
Primary SIC66190 — Other activities auxiliary to financial services, except insurance and pension funding

Registered office

63 High Street
Monifieth
Angus
DD5 4AA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-16
Last: 2025-09-02

Officers (2 active · 8 resigned)

MCGILLIVRAY, Elizabeth Norma→
secretary · appointed 2011-08-01
View their other companies + combined net worth →
Active
MARA, Ian→
director · ~63y · appointed 1998-09-24
View their other companies + combined net worth →
Active
RUTHERFORD, Sandra Marie→
secretary · appointed 2005-01-31 · resigned 2011-06-17
Resigned
WHYTE, Alison Helen Mcnair→
secretary · appointed 2002-08-30 · resigned 2005-01-31
Resigned
MCMICHAEL GRIEVE & ALEXANDER→
corporate-secretary · appointed 1998-09-24 · resigned 2002-08-30
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1998-09-16 · resigned 1998-09-24
Resigned
ALEXANDER, Bryan Jon→
director · ~74y · appointed 1998-09-24 · resigned 2002-08-30
Resigned
GRIEVE, Alistair Morrice→
director · ~72y · appointed 1998-09-24 · resigned 2002-08-30
Resigned
MCMICHAEL, William Robert Wilson→
director · ~79y · appointed 1998-09-24 · resigned 2002-08-30
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1998-09-16 · resigned 1998-09-24
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/11/1998—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/10/199815/04/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-audited-abridged
accounts · AA
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-09
accounts-with-accounts-type-audited-abridged
accounts · AA
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-03
accounts-with-accounts-type-audited-abridged
accounts · AA
2020-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-02
accounts-with-accounts-type-audited-abridged
accounts · AA
2019-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-05