LHR MARINE LIMITED

🌳Matureactive
SC204492 · ltd · incorporated 2000-03-01
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 Mar 2025
Net worth
£1.57M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Agents involved in the sale of a variety of goods
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 72). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 23.9y

15/100
under pressure

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

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 6 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 £1,569,023
Cash YoY
-28%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£150k
↓ 28% YoY
Net Worth
£1.6m
↑ 12% YoY
Current Assets
£2.6m
↑ 32% YoY
Current Liabilities
—
£0£510k£1.0m£1.5m£2.0m£2.6mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.75M£1.61M
Current assets£2.55M£1.93M
Cash£150.1k£208.7k
Debtors£476.5k£324.4k
Net assets£1.57M£1.40M

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 (42 events)Click to expand
  1. 2025-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2023-04-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2023-04-17
    📄
    capital-allotment-shares
    capital · SH01
  7. 2023-04-14
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-04-13
    📄
    memorandum-articles
    incorporation · MA
  9. 2023-04-13
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2023-04-12
    📄
    capital-allotment-shares
    capital · SH01
  11. 2023-04-12
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-04-04
    ➕
    COWIESON, Mark appointed
    director
  13. 2023-04-04
    ➕
    MURRAY, Maureen Hazel appointed
    director
  14. 2022-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-03-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2022-03-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2022-03-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2022-03-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-03-02
    ➕
    J M TAYLOR ACCOUNTANTS LTD appointed
    corporate-secretary
  20. 2022-03-02
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  21. 2021-10-19
    ➖
    MURRAY, David Barron resigned
    director
  22. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2020-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-12-01
    ➕
    MURRAY, David Ross appointed
    director
  25. 2019-10-28
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  26. 2018-02-28
    ➖
    JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD resigned
    corporate-secretary
  27. 2010-02-18
    ➖
    LEE, Michael resigned
    director
  28. 2010-01-08
    🔓
    Charge satisfied #1
  29. 2008-06-18
    ➖
    MURRAY, Maureen resigned
    secretary
  30. 2008-06-18
    ➕
    JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD appointed
    corporate-secretary
  31. 2003-08-08
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  32. 2002-05-29
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  33. 2001-02-26
    ➕
    MURRAY, Maureen appointed
    secretary
  34. 2001-02-26
    ➖
    MILLER MCWILLIAM resigned
    corporate-secretary
  35. 2001-02-26
    ➖
    MURRAY, Maureen resigned
    director
  36. 2000-11-24
    ➕
    MURRAY, David Barron appointed
    director
  37. 2000-05-03
    ➕
    LEE, Michael appointed
    director
  38. 2000-03-01
    🏢
    Company incorporated
    As LHR MARINE LIMITED
  39. 2000-03-01
    ➕
    MILLER MCWILLIAM appointed
    corporate-secretary
  40. 2000-03-01
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  41. 2000-03-01
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  42. 2000-03-01
    ➕
    MURRAY, Maureen appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Maureen Hazel Murray
Individual · British · DOB 03/1954 · age 72
50–75%
50–75%50-75% shares · 50-75% voting19/10/2021
Mr David Ross Murray
Individual · British · DOB 06/1977 · age 49
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr David Barron Murrayceased 19/10/2021· 25-50% shares · 25-50% voting · board control

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

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JOHN DAVIDSON (PIPES) LIMITED→
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£79.83M—2500054y8361y
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£7.30M
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——6757y8359y
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£5.85M
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——3510053y8359y
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——3925y8458y
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GPH BUILDERS MERCHANTS LIMITED→
SC378341 · est 2010 · no financials extracted
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——£59.2k—23y8267y
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——£593.6k—18y8283y
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THE SPEYSIDE WHISKY SHOP LIMITED→
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————4y——
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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
Incorporated2000-03-01
Jurisdictionscotland
Primary SIC46190 — Agents involved in the sale of a variety of goods

Registered office

5 Rubislaw Terrace
Aberdeen
AB10 1XE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (4 active · 7 resigned)

J M TAYLOR ACCOUNTANTS LTD→
corporate-secretary · appointed 2022-03-02
View their other companies + combined net worth →
Active
COWIESON, Mark→
director · ~53y · appointed 2023-04-04
View their other companies + combined net worth →
Active
MURRAY, David Ross→
director · ~49y · appointed 2019-12-01
View their other companies + combined net worth →
Active
MURRAY, Maureen Hazel→
director · ~72y · appointed 2023-04-04
View their other companies + combined net worth →
Active
MURRAY, Maureen→
secretary · appointed 2001-02-26 · resigned 2008-06-18
Resigned
JAMIESON'S BOOK-KEEPING & ACCOUNTANCY LTD→
corporate-secretary · appointed 2008-06-18 · resigned 2018-02-28
Resigned
MILLER MCWILLIAM→
corporate-secretary · appointed 2000-03-01 · resigned 2001-02-26
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-03-01 · resigned 2000-03-01
Resigned
LEE, Michael→
director · ~74y · appointed 2000-05-03 · resigned 2010-02-18
Resigned
MURRAY, David Barron→
director · ~74y · appointed 2000-11-24 · resigned 2021-10-19
Resigned
MURRAY, Maureen→
director · ~72y · appointed 2000-03-01 · resigned 2001-02-26
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property28/10/2019—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property08/08/2003—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property29/05/200208/01/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
appoint-person-director-company-with-name-date
officers · AP01
2023-04-17
appoint-person-director-company-with-name-date
officers · AP01
2023-04-17
capital-allotment-shares
capital · SH01
2023-04-17
resolution
resolution · RESOLUTIONS
2023-04-14
memorandum-articles
incorporation · MA
2023-04-13
resolution
resolution · RESOLUTIONS
2023-04-13
capital-allotment-shares
capital · SH01
2023-04-12
resolution
resolution · RESOLUTIONS
2023-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-09