MGW SEAFOODS LIMITED

💤Zombieactive
SC248994 · ltd · incorporated 2003-05-07
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 May 2024
Net worth
£4.3k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 60/100. Strong seller-intent signal (65/100, director aged 62). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

2 live charges · oldest 16.8y

45/100
under pressure

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

  • · Oldest live charge is 16.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £4,346
Net assets shrinking
Down £1,584 YoY
Cash YoY
+12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
↑ 12% YoY
Net Worth
£4k
↓ 27% YoY
Current Assets
£281k
↓ 3.1% YoY
Current Liabilities
—
£0£58k£116k£174k£232k£290kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£23.2k£35.5k
Current assets£281.1k£290.2k
Cash£8.3k£7.3k
Debtors£272.9k£282.9k
Net assets£4.3k£5.9k

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
2
filings
  • • 1 dissolution
  • • 1 gazette
Last 90 days
2
filings
  • • 1 dissolution
  • • 1 gazette
Last 180 days
2
filings
  • • 1 dissolution
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-29
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2023-07-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-04-05
    ➖
    WALKER, Alison Agnes resigned
    secretary
  9. 2022-04-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-02-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-05-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-02-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-06-28
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  19. 2011-03-08
    ➖
    WALKER, Alison Agnes resigned
    director
  20. 2009-07-12
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  21. 2008-04-24
    ➕
    WALKER, Mark George appointed
    director
  22. 2008-04-24
    ➕
    WALKER, Alison Agnes appointed
    secretary
  23. 2008-04-24
    ➖
    WALKER, Mary Whitefield Hay Donaldson resigned
    secretary
  24. 2007-03-09
    ➖
    WALKER, Alison Agnes resigned
    secretary
  25. 2007-03-09
    ➕
    WALKER, Mary Whitefield Hay Donaldson appointed
    secretary
  26. 2007-03-08
    ➕
    WALKER, Alison Agnes appointed
    director
  27. 2007-02-09
    ➖
    WALKER, Mark George resigned
    director
  28. 2003-05-07
    🏢
    Company incorporated
    As MGW SEAFOODS LIMITED
  29. 2003-05-07
    ➕
    WALKER, Alison Agnes appointed
    secretary
  30. 2003-05-07
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2003-05-07
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2003-05-07
    ➕
    WALKER, Mark George appointed
    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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

73/100
Strong succession signal

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

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.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Mark George Walker
Individual · British · DOB 12/1964 · age 62
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016

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

9 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
Incorporated2003-05-07
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

9 Ainslie Place
Edinburgh
EH3 6AT

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-21
Last: 2025-05-07

Officers (1 active · 6 resigned)

WALKER, Mark George→
director · ~62y · appointed 2008-04-24
View their other companies + combined net worth →
Active
WALKER, Alison Agnes→
secretary · appointed 2008-04-24 · resigned 2022-04-05
Resigned
WALKER, Alison Agnes→
secretary · appointed 2003-05-07 · resigned 2007-03-09
Resigned
WALKER, Mary Whitefield Hay Donaldson→
secretary · appointed 2007-03-09 · resigned 2008-04-24
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-05-07 · resigned 2003-05-07
Resigned
WALKER, Alison Agnes→
director · ~58y · appointed 2007-03-08 · resigned 2011-03-08
Resigned
WALKER, Mark George→
director · ~62y · appointed 2003-05-07 · resigned 2007-02-09
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property28/06/2011—
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property12/07/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-04-29
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-15
gazette-filings-brought-up-to-date
gazette · DISS40
2023-07-29
gazette-notice-compulsory
gazette · GAZ1
2023-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-10
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-17