FRANK MUNRO & SONS LIMITED

🌳Matureactive
SC241429 · ltd · incorporated 2002-12-19
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45200
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 23.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2021-06-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2021-06-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-03
    ➖
    MUNRO, Frank Smart resigned
    director
  9. 2020-10-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  11. 2019-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-02-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2017-12-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2017-12-16
    ➖
    CAMPBELL, Carole resigned
    secretary
  17. 2017-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  18. 2014-12-31
    ➕
    MUNRO, Kenneth appointed
    director
  19. 2004-10-01
    ➖
    MUNRO, Kenneth resigned
    director
  20. 2003-02-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2002-12-31
    ➕
    MUNRO, Kenneth appointed
    director
  22. 2002-12-19
    🏢
    Company incorporated
    As FRANK MUNRO & SONS LIMITED
  23. 2002-12-19
    ➕
    MUNRO, Frank appointed
    director
  24. 2002-12-19
    ➕
    CAMPBELL, Carole appointed
    secretary
  25. 2002-12-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2002-12-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 2002-12-19
    ➕
    MUNRO, Frank Smart appointed
    director

Owner dependency

99/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MUNRO" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Munro
Individual · British · DOB 12/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting01/08/2016
Mr Frank Munro
Individual · British · DOB 11/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting01/08/2016

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

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2002-12-19
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

Sweetbank
Markinch
Fife
KY7 6JN

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-06
Last: 2025-06-22

Officers (2 active · 4 resigned)

MUNRO, Frank→
director · ~62y · appointed 2002-12-19
View their other companies + combined net worth →
Active
MUNRO, Kenneth→
director · ~59y · appointed 2014-12-31
View their other companies + combined net worth →
Active
CAMPBELL, Carole→
secretary · appointed 2002-12-19 · resigned 2017-12-16
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-12-19 · resigned 2002-12-19
Resigned
MUNRO, Frank Smart→
director · ~88y · appointed 2002-12-19 · resigned 2021-05-03
Resigned
MUNRO, Kenneth→
director · ~59y · appointed 2002-12-31 · resigned 2004-10-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/02/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-03
termination-director-company-with-name-termination-date
officers · TM01
2021-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-19