S2 PARTNERS LIMITED

🌳Matureactive
SC280205 · ltd · incorporated 2005-02-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-33.4k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £33,419

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
Net Worth
-£33k
Current Assets
—
Current Liabilities
—
-£33k-£25k-£17k-£9k-£1k£7kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Cash£6.6k—
Net assets£-33.4k—
Average employees—300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-20
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2025-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-12-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-12-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-09-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-02-18
    🏢
    Company incorporated
    As S2 PARTNERS LIMITED
  17. 2005-02-18
    ➕
    MENNEER, Scott Norie appointed
    secretary
  18. 2005-02-18
    ➕
    MENNEER, Catriona appointed
    director
  19. 2005-02-18
    ➕
    MENNEER, Scott Norie appointed
    director
  20. 2005-02-18
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  21. 2005-02-18
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  22. 2005-02-18
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  23. 2005-02-18
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

84/100
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.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — 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 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

1 med · 1 low
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-08-20: certificate-change-of-name-company

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Scott Norie Menneer
Individual · British · DOB 12/1966 · age 60
25–50%
—25-50% shares06/04/2016
Mrs Catriona Menneer
Individual · British · DOB 10/1968 · age 58
25–50%
—25-50% shares06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2005-02-18
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

South Wing, Scottish Churches House
1 Kirk Street
Dunblane
Perthshire
FK15 0AL
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18

Officers (3 active · 2 resigned)

MENNEER, Scott Norie→
secretary · appointed 2005-02-18
View their other companies + combined net worth →
Active
MENNEER, Catriona→
director · ~58y · appointed 2005-02-18
View their other companies + combined net worth →
Active
MENNEER, Scott Norie→
director · ~60y · appointed 2005-02-18
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-02-18 · resigned 2005-02-18
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-02-18 · resigned 2005-02-18
Resigned

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

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-18
certificate-change-of-name-company
change-of-name · CERTNM
2025-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29