MN STEWART LTD.
💤Zombieactive
SC200449 · ltd · incorporated 1999-09-30
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 Nov 2024
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 26.0y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 26.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 2600 | 2400 |
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
3
filings
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-03-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-09➖STEWART, Michael Neil resigneddirector
- 2024-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-22🔓Charge satisfied #1
- 2023-07-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-20➕STEWART, Euan Fraser appointeddirector
- 2022-09-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-11-19🔓Charge satisfied #5
- 2018-11-19🔓Charge satisfied #4
- 2018-11-19🔓Charge satisfied #3
- 2018-11-19🔓Charge satisfied #2
- 2016-12-15🔓Charge satisfied #6
- 2012-03-16🔒Charge registered #6Lender: Bank of Scotland PLC
- 2012-02-07🔒Charge registered #5Lender: Bank of Scotland PLC
- 2012-02-07🔒Charge registered #4Lender: Bank of Scotland PLC
- 2012-02-07🔒Charge registered #3Lender: Bank of Scotland PLC
- 2012-02-07🔒Charge registered #2Lender: Bank of Scotland PLC
- 2000-05-10🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1999-09-30🏢Company incorporatedAs MN STEWART LTD.
- 1999-09-30➕STEWART, Vivienne Lorna appointedsecretary
- 1999-09-30➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-secretary
- 1999-09-30➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-secretary
- 1999-09-30➕STEWART, Michael Neil appointeddirector
- 1999-09-30➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-director
- 1999-09-30➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-director
- 1999-09-30➕PETER TRAINER COMPANY SERVICES LTD. appointedcorporate-nominee-director
- 1999-09-30➖PETER TRAINER COMPANY SERVICES LTD. resignedcorporate-nominee-director
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Vivienne Lorna Stewart Individual · British · DOB 08/1961 · age 65 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 10/01/2025 |
1 historic (ceased) PSC
- Mr Michael Neil Stewartceased 09/01/2025· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Transport & logistics · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HIRE WE GO LIMITED→ SC505730 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HULSE CITYWIDE TAXIS LTD→ SC737321 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KMC SUPPLY CHAIN SOLUTIONS LTD→ SC871766 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KRUSIK LTD→ SC666224 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LHW SERVICES LIMITED→ SC859781 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MARSHALL BROTHERS TRANSPORT LIMITED→ SC637484 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| MAYNES HOLIDAYS LTD→ SC666017 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| MELVIN DIZON LTD→ SC840484 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NEW PITSLIGO TAXIS LTD→ SC877205 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| NEWTON OF STRALOCH LIMITED→ SC332061 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| NEXMILE LIMITED→ SC861134 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NEXROUTE LOGISTICS LIMITED→ SC871337 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1999-09-30
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
Ashley Cottage
Dunecht
Westhill
Aberdeenshire
AB32 7EQ
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-03-13
Last: 2026-02-27
Officers (2 active · 4 resigned)
STEWART, Vivienne Lorna→
Activesecretary · appointed 1999-09-30
View their other companies + combined net worth →
STEWART, Euan Fraser→
Activedirector · ~36y · appointed 2022-09-20
View their other companies + combined net worth →
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-secretary · appointed 1999-09-30 · resigned 1999-09-30
STEWART, Michael Neil→
Resigneddirector · ~64y · appointed 1999-09-30 · resigned 2025-01-09
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-director · appointed 1999-09-30 · resigned 1999-09-30
PETER TRAINER COMPANY SERVICES LTD.→
Resignedcorporate-nominee-director · appointed 1999-09-30 · resigned 1999-09-30
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 16/03/2012 | 15/12/2016 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 07/02/2012 | 19/11/2018 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 07/02/2012 | 19/11/2018 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 07/02/2012 | 19/11/2018 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 07/02/2012 | 19/11/2018 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 10/05/2000 | 22/02/2024 |
Recent filings (81 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-05
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-14
termination-director-company-with-name-termination-date
officers · TM01
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
appoint-person-director-company-with-name-date
officers · AP01
2022-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-07