M G PHILLIPS LIMITED
💤Zombieactive
SC243787 · ltd · incorporated 2003-02-11
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 Mar 2025
Net worth
£41.1k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
- 69201Accounting and auditing activities
Investor take
PursueAsset-holding vehicle with a 73-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 20.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
68 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
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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £41,093
Net assets shrinking
Down £5,065 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£41k
↓ 11% YoY
Current Assets
£18k
↓ 1.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £41.1k | £46.2k |
| Current assets | £18.0k | £18.3k |
| Net assets | £41.1k | £46.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 3 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-02-04📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2026-01-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-11📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-11📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-14🔓Charge satisfied #1
- 2022-07-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2005-10-11🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2003-02-13➕PHILLIPS, Anne appointedsecretary
- 2003-02-13➕PHILLIPS, Michael Gwyn appointeddirector
- 2003-02-13➖HCS SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2003-02-13➖HANOVER DIRECTORS LIMITED resignedcorporate-nominee-director
- 2003-02-11🏢Company incorporatedAs M G PHILLIPS LIMITED
- 2003-02-11➕HCS SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 2003-02-11➕HANOVER DIRECTORS LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "PHILLIPS" — 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.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 · Property · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLAVEN LIMITED→ SC160238 · est 1995 | £1.94M £1.65M–£2.24M | — | £1.94M | — | 30y | 83 | 73y |
| GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002 | £658.2k £559.5k–£756.9k | — | £658.2k | — | 23y | 82 | 82y |
| GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992 | £538.2k £457.5k–£618.9k | — | £538.2k | — | 33y | 82 | 65y |
| FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955 | £291.2k £247.5k–£334.9k | — | £291.2k | — | 71y | 82 | 77y |
| FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003 | £217.0k £184.5k–£249.6k | — | £217.0k | — | 23y | 82 | 75y |
| NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999 | £214.5k £182.3k–£246.6k | — | £214.5k | — | 27y | 83 | 59y |
| CRUACHAN FLATS LIMITED→ SC242899 · est 2003 | £148.1k £125.9k–£170.3k | — | £148.1k | — | 23y | 82 | 77y |
| BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006 | £124.4k £105.7k–£143.0k | — | £124.4k | — | 20y | 82 | 67y |
| CAMERON HARRIS LTD.→ SC241344 · est 2002 | £93.0k £79.0k–£106.9k | — | £93.0k | — | 23y | 82 | 78y |
| KINELLAN BUILDING LTD→ SC331246 · est 2007 | £59.5k £50.5k–£68.4k | — | £59.5k | — | 18y | 82 | 72y |
| EDINBANE ESTATE WIND FARM LIMITED→ SC166590 · est 1996 | £41.1k £34.9k–£47.2k | — | £41.1k | — | 29y | 83 | 77y |
| LOW WATERS DEVELOPMENTS LTD→ SC248637 · est 2003 | £33.9k £28.8k–£39.0k | — | £33.9k | — | 23y | 82 | 63y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2003-02-11
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Greenside Farm Courthill Road
Rosemarkie
Fortrose
IV10 8UE
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27
Officers (2 active · 2 resigned)
Active
PHILLIPS, Michael Gwyn→
Activedirector · ~73y · appointed 2003-02-13
View their other companies + combined net worth →
HCS SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-02-11 · resigned 2003-02-13
HANOVER DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2003-02-11 · resigned 2003-02-13
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 11/10/2005 | 14/02/2023 |
Recent filings (68 total)
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2026-02-04
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-01
change-person-director-company-with-change-date
officers · CH01
2023-06-11
change-person-secretary-company-with-change-date
officers · CH03
2023-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-14