MITRESHELF 505 LIMITED

💤Zombieactive

SC214246 · ltd · incorporated 2000-12-28

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 Aug 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). 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

1 live charge · oldest 24.6y

45/100

under pressure

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

· Oldest live charge is 24.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (1 active, 6 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

70 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-08-31	2024-08-31
Average employees	9	800

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2017-01-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-04
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-14
➖
ARMIT, Robert resigned
secretary
2011-10-14
➖
ARMIT, Robert resigned
director
2011-10-14
➖
GOMEZ, Thomas Mccall resigned
director
2003-07-06
➖
MORISON BISHOP resigned
corporate-nominee-secretary
2001-10-25
➖
GROSSET, Alan George resigned
nominee-director
2001-09-27
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2001-09-01
➕
JONES, Benjamin Daniel appointed
director
2001-09-01
➕
ARMIT, Robert appointed
secretary
2001-09-01
➕
ARMIT, Robert appointed
director
2001-09-01
➕
GOMEZ, Thomas Mccall appointed
director
2000-12-28
🏢
Company incorporated
As MITRESHELF 505 LIMITED
2000-12-28
➕
MORISON BISHOP appointed
corporate-nominee-secretary
2000-12-28
➕
GROSSET, Alan George appointed
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 25 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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.)

Group structure

House Of Hose Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

House Of Hose Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

MITRESHELF 505 LIMITED

This company · SC214246

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%

Name	Shares	Voting rights	Nature of control	Notified
House Of Hose Limited Corporate entity	75–100%	—	75-100% shares	16/12/2016

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 →

Similar companies

Active · Wholesale & distribution · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
WESTON IMPORTERS LTD.→ SC302951 · est 2006	£518.01M £388.51M–£647.51M	—	—	10	19y	84	58y
J GAS LIMITED→ SC274899 · est 2004	£15.28M £11.46M–£19.10M	—	—	72	21y	84	61y
BEER52 LIMITED→ SC449930 · est 2013	£13.17M £9.87M–£16.46M	—	—	84	12y	84	69y
MACINTYRE SCOTT & CO. LIMITED→ SC017592 · est 1933	£8.29M £6.21M–£10.36M	£73.38M	—	6500	92y	83	67y
NISHA ENTERPRISES LIMITED→ SC193287 · est 1999	£7.60M £5.70M–£9.51M	£13.56M	—	8100	27y	87	66y
SÜDZUCKER UNITED KINGDOM LIMITED→ SC506349 · est 2015	£3.74M £2.80M–£4.67M	—	—	800	10y	84	66y
THISTLE TIMBER AND BUILDING SUPPLIES LIMITED→ SC182761 · est 1998	£3.10M £2.32M–£3.87M	—	—	6000	28y	87	60y
VAPOTHERM UK LTD→ SC370398 · est 2009	£578.6k £433.9k–£723.2k	—	—	2000	16y	85	63y
ST. ANDREWS TIMBER & BUILDING SUPPLIES (HOLDINGS) LIMITED→ SC520551 · est 2015	£391.4k £293.6k–£489.3k	—	—	100	10y	84	60y
ORIGIN FITNESS LIMITED→ SC339149 · est 2008	£72.4k £54.3k–£90.5k	—	—	57	18y	98	59y
DACOLL LIMITED→ SC173001 · est 1997 · no financials extracted	—	—	—	—	29y	83	93y
LOMOND BOOKS LIMITED→ SC317716 · est 2007	—	—	—	1600	19y	83	59y

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

Incorporated2000-12-28

Jurisdictionscotland

Primary SIC46900 — Non-specialised wholesale trade

Registered office

40a Swanfield Industrial Estate

Bonnington Road

Leith

Edinburgh

EH6 5RX

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-12-27

Last: 2025-12-13

Officers (1 active · 5 resigned)

JONES, Benjamin Daniel→

director · ~62y · appointed 2001-09-01

View their other companies + combined net worth →

Active

ARMIT, Robert→

secretary · appointed 2001-09-01 · resigned 2011-10-14

Resigned

MORISON BISHOP→

corporate-nominee-secretary · appointed 2000-12-28 · resigned 2003-07-06

Resigned

ARMIT, Robert→

director · ~75y · appointed 2001-09-01 · resigned 2011-10-14

Resigned

GOMEZ, Thomas Mccall→

director · ~73y · appointed 2001-09-01 · resigned 2011-10-14

Resigned

GROSSET, Alan George→

nominee-director · ~84y · appointed 2000-12-28 · resigned 2001-10-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	27/09/2001	—

Click column headers to sort. Use filters above to narrow by status and lender.