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M GEDDES LTD.

💤Zombieactive

SC277504 · ltd · incorporated 2004-12-16

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 · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: mature → zombie
· Investment thesis: well_run_hard_buy → zombie_hold
· Deal-killer verdict: clean → complicated
· Opportunity score: 82 → 70

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

Picture worsened over the last 30 days — 5 negative signals vs 1 positive.

↓Lifecycle stage: mature → zombie
·Investment thesis: well_run_hard_buy → zombie_hold
↓Deal-killer verdict: clean → complicated
↓Opportunity score: 82 → 70
↓Hygiene score: 90 → 80
+3 more

Last 90 days

Picture worsened over the last 90 days — 5 negative signals vs 1 positive.

↓Lifecycle stage: mature → zombie
·Investment thesis: well_run_hard_buy → zombie_hold
↓Deal-killer verdict: clean → complicated
↓Opportunity score: 82 → 70
↓Hygiene score: 90 → 80
+3 more

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£176.6k

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: SIC 10200

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

No charge records returned

Directors & officers

No officers data

Ownership & PSC

No PSC data returned

Director network

Network not yet resolved

Filing history

No filing history

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £176,581

Net assets shrinking

Down £24,973 YoY

Cash draining

Cash down 91% YoY

Cash YoY

-91%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£7k

↓ 91% YoY

Net Worth

£177k

↓ 12% YoY

Current Assets

£135k

↓ 32% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£398.2k	£410.0k
Current assets	£134.9k	£197.7k
Cash	£6.8k	£73.0k
Debtors	£128.2k	£124.6k
Net assets	£176.6k	£201.6k

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 →

Corporate timeline (1 events)Click to expand

2004-12-16
🏢
Company incorporated
As M GEDDES LTD.

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+No director turnover: Company is 22 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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MACKIE'S LIMITED→ SC030096 · est 1954	£8.51M £6.27M–£10.75M	—	—	115	72y	84	62y
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HOME BAKERY (BUCKIE) LIMITED→ SC104797 · est 1987	—	—	—	2600	39y	82	75y
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SINCLAIR'S OF RHYNIE LIMITED→ SC314515 · est 2007	—	—	£1.17M	—	19y	82	62y
SUMMER ISLES FOODS (1993) LIMITED→ SC142422 · est 1993 · no financials extracted	—	—	—	—	33y	82	65y
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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.

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Company details

Statusactive

Typeltd

Incorporated2004-12-16

Jurisdictionscotland

Primary SIC10200 — SIC 10200

Registered office

4 Bob Simmers Place

Peterhead

AB42 3FN

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-16

Last: 2025-08-02