MERCAT TOURS INTERNATIONAL LIMITED

🌳Matureactive

SC214668 · ltd · incorporated 2001-01-11

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

£569.3k

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: Tour operator activities

Sector: Administrative & support services

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (78/100)

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

Confirmed no charges registered

Directors & officers

7 officers (3 active, 7 linked, 3 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

74 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £569,325

Net assets shrinking

Down £24,756 YoY

Cash YoY

-6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£480k

↓ 6.0% YoY

Net Worth

£569k

↓ 4.2% YoY

Current Assets

£605k

↑ 17% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£569.3k	£594.1k
Current assets	£604.9k	£516.6k
Cash	£479.5k	£509.9k
Debtors	£112.9k	£6.8k
Net assets	£569.3k	£594.1k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-09-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-02-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-19
📄
capital-name-of-class-of-shares
capital · SH08
2014-12-19
📄
resolution
resolution · RESOLUTIONS
2014-11-17
➖
BROGAN, Desmond Gerard resigned
director
2011-01-01
➕
BROGAN, Kathleen Anne appointed
director
2011-01-01
➕
BROGAN, Michael Anthony appointed
director
2007-10-30
➕
BROGAN, Kathleen Anne appointed
secretary
2007-07-06
➖
BROGAN, Margaret Winifred resigned
secretary
2001-02-16
➕
BROGAN, Margaret Winifred appointed
secretary
2001-02-16
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2001-02-16
➕
BROGAN, Desmond Gerard appointed
director
2001-02-16
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
2001-01-11
🏢
Company incorporated
As MERCAT TOURS INTERNATIONAL LIMITED
2001-01-11
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2001-01-11
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

76/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100

Strong succession signal

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

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 26 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

Name	Shares	Voting rights	Nature of control	Notified
Miss Kathleen Anne Brogan Individual · British · DOB 03/1980 · age 46	25–50%	—	25-50% shares	06/04/2016

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 · Leisure & entertainment · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FESTIVALS EDINBURGH LIMITED→ SC331673 · est 2007	£179.5k £139.6k–£219.4k	—	—	6	18y	83	64y
ALHAMBRA THEATRE TRUST→ SC345187 · est 2008 · no financials extracted	—	—	—	—	18y	83	77y
ARCHERFIELD & FIDRA GOLF COURSES LIMITED→ SC260327 · est 2003 · no financials extracted	—	—	—	—	22y	83	79y
ASSEMBLY THEATRE LIMITED→ SC092088 · est 1985	—	—	£185.5k	—	41y	83	78y
BRAID HILLS SHOP LIMITED→ SC177390 · est 1997 · no financials extracted	—	—	—	—	28y	83	70y
CHEEK BY JOWL THEATRE COMPANY LIMITED→ SC078954 · est 1982 · no financials extracted	—	—	—	—	44y	83	74y
CORRIES (MUSIC) LTD., THE→ SC056353 · est 1974	—	—	£2	—	51y	83	89y
DM AUDIO LIMITED→ SC245613 · est 2003	—	—	—	9	23y	83	61y
INCH PARK COMMUNITY SPORTS CLUB→ SC342628 · est 2008	—	—	£1.28M	—	18y	83	70y
MAGNETIC NORTH THEATRE PRODUCTIONS LIMITED→ SC199210 · est 1999 · no financials extracted	—	—	—	—	26y	83	75y
RADICAL TRAVEL GROUP LIMITED→ SC136334 · est 1992 · no financials extracted	—	—	—	—	34y	83	61y
THE SCOTCH WHISKY HERITAGE CENTRE LIMITED→ SC100141 · est 1986 · no financials extracted	—	—	—	—	39y	83	77y

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

Incorporated2001-01-11

Jurisdictionscotland

Primary SIC79120 — Tour operator activities

Registered office

Mercat House

28 Blair Street

Edinburgh

EH1 1QR

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-20

Last: 2026-01-06

Officers (3 active · 4 resigned)

BROGAN, Kathleen Anne→

secretary · appointed 2007-10-30

View their other companies + combined net worth →

Active

BROGAN, Kathleen Anne→

director · ~46y · appointed 2011-01-01

View their other companies + combined net worth →

Active

BROGAN, Michael Anthony→

director · ~41y · appointed 2011-01-01

View their other companies + combined net worth →

Active

BROGAN, Margaret Winifred→

secretary · appointed 2001-02-16 · resigned 2007-07-06

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2001-01-11 · resigned 2001-02-16

Resigned

BROGAN, Desmond Gerard→

director · ~75y · appointed 2001-02-16 · resigned 2014-11-17

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2001-01-11 · resigned 2001-02-16

Resigned

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