D.N. MUNRO LIMITED

💤Zombieactive
SC273184 · ltd · incorporated 2004-09-10
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Sept 2024
Net worth
£420.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · oldest 18.8y

45/100
under pressure

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

  • · Oldest live charge is 18.8 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, 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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
63 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 declared
Positive net assets
Net assets £420,742
Cash YoY
+157%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£52k
↑ 157% YoY
Net Worth
£421k
↑ 11% YoY
Current Assets
£230k
↑ 37% YoY
Current Liabilities
—
£0£84k£168k£252k£337k£421kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£422.1k£379.5k
Current assets£230.5k£168.5k
Cash£52.4k£20.4k
Debtors£178.1k£118.2k
Net assets£420.7k£378.4k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-06
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2024-03-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2024-03-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-06-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-09-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-08-28
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  16. 2007-08-22
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  17. 2007-08-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2004-11-03
    ➕
    MUNRO, Carrie Dawn appointed
    secretary
  19. 2004-11-03
    ➕
    MUNRO, Duncan Neil appointed
    director
  20. 2004-11-03
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  21. 2004-11-03
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  22. 2004-09-10
    🏢
    Company incorporated
    As D.N. MUNRO LIMITED
  23. 2004-09-10
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2004-09-10
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +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 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
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 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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

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

🏛️
Dunmel Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
D.N. MUNRO LIMITED
This company · SC273184

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
Dunmel Holdings Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mr Duncan Neil Munroceased 01/09/2016· 50-75% shares

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

7 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
Incorporated2004-09-10
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Alt Na Craig
St. Catherines
Cairndow
PA25 8AZ

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (2 active · 2 resigned)

MUNRO, Carrie Dawn→
secretary · appointed 2004-11-03
View their other companies + combined net worth →
Active
MUNRO, Duncan Neil→
director · ~58y · appointed 2004-11-03
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-09-10 · resigned 2004-11-03
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2004-09-10 · resigned 2004-11-03
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/08/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property17/08/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-03-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-03-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-19