MIMEC LTD

🌳Matureactive
SC229187 · ltd · incorporated 2002-03-14
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
  • · Hygiene score: 70 → 90
  • · Opportunity score: 73 → 81
  • · Bankability: 65 → 75
  • · Distress / opportunity: attractive → avoid
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 3 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 73 → 81
  • ↑Hygiene score: 70 → 90
  • ↑Bankability: 65 → 75
  • ·Distress / opportunity: attractive → avoid
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 Jun 2025
Net worth
£1.10M
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 81/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -42% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
81/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,102,869
Net assets shrinking
Down £112,259 YoY
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£144k
↓ 42% YoY
Net Worth
£1.1m
↓ 9.2% YoY
Current Assets
£144k
↓ 45% YoY
Current Liabilities
—
£0£243k£486k£729k£972k£1.2mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£2.34M£2.41M
Current assets£144.2k£264.2k
Cash£144.2k£250.3k
Debtors—£14.0k
Net assets£1.10M£1.22M

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
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-04-23
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2026-04-23
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  3. 2026-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2019-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-11-22
    ➖
    MACDONALD, Hector Iain resigned
    director
  17. 2012-06-25
    ➕
    SMITH, Kenneth Donald appointed
    director
  18. 2010-03-25
    ➖
    MACDONALD, John Murdo resigned
    director
  19. 2005-08-23
    ➕
    MACDONALD, Iain Alex appointed
    secretary
  20. 2005-08-23
    ➖
    MACDONALD, Hector Iain resigned
    secretary
  21. 2002-06-07
    ➕
    MACDONALD, Iain Alexander appointed
    director
  22. 2002-06-07
    ➕
    MACDONALD, Murdo appointed
    director
  23. 2002-03-14
    🏢
    Company incorporated
    As MIMEC LTD
  24. 2002-03-14
    ➕
    MACDONALD, Hector Iain appointed
    secretary
  25. 2002-03-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2002-03-14
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 2002-03-14
    ➕
    MACDONALD, Hector Iain appointed
    director
  28. 2002-03-14
    ➕
    MACDONALD, John Murdo appointed
    director
  29. 2002-03-14
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  30. 2002-03-14
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    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
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

Mhik Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mhik Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MIMEC LTD
This company · SC229187

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%
NameSharesVoting rightsNature of controlNotified
Mhik Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated2002-03-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

26 Lewis Street
Stornoway
Isle Of Lewis
HS1 2JF

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06

Officers (4 active · 5 resigned)

MACDONALD, Iain Alex→
secretary · appointed 2005-08-23
View their other companies + combined net worth →
Active
MACDONALD, Iain Alexander→
director · ~55y · appointed 2002-06-07
View their other companies + combined net worth →
Active
MACDONALD, Murdo→
director · ~64y · appointed 2002-06-07
View their other companies + combined net worth →
Active
SMITH, Kenneth Donald→
director · ~49y · appointed 2012-06-25
View their other companies + combined net worth →
Active
MACDONALD, Hector Iain→
secretary · appointed 2002-03-14 · resigned 2005-08-23
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-03-14 · resigned 2002-03-14
Resigned
MACDONALD, Hector Iain→
director · ~60y · appointed 2002-03-14 · resigned 2013-11-22
Resigned
MACDONALD, John Murdo→
director · ~94y · appointed 2002-03-14 · resigned 2010-03-25
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-03-14 · resigned 2002-03-14
Resigned

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

Recent filings (70 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-04-23
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-23