MULROY DEVELOPMENTS LTD.

🌳Matureactive

SC300004 · ltd · incorporated 2006-03-31

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 19.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-1.3k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 19.4y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 19.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (63/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (6 active, 8 linked, 5 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

68 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £1,264

Key financials

1 year extracted from filed iXBRL accounts

Cash

£1k

Net Worth

-£1k

Current Assets

£1k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Total assets	£-1.3k
Current assets	£1.2k
Cash	£1.2k
Net assets	£-1.3k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 2 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-12-22
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-02-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-16
📄
change-person-director-company-with-change-date
officers · CH01
2019-09-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-29
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2017-03-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-03-21
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2006-12-22
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2006-12-11
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2006-03-31
🏢
Company incorporated
As MULROY DEVELOPMENTS LTD.
2006-03-31
➕
GRIFFIN, Kevin Hugh appointed
secretary
2006-03-31
➕
GRIFFIN, Grainne appointed
director
2006-03-31
➕
GRIFFIN, John James appointed
director
2006-03-31
➕
GRIFFIN, Kevin Hugh appointed
director
2006-03-31
➕
GRIFFIN, Patrick appointed
director
2006-03-31
➕
GRIFFIN, Siobhan appointed
director
2006-03-31
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2006-03-31
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2006-03-31
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2006-03-31
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-14

🔒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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PARTNERS IN GRIME (CENTRAL) LTD.→ SC222356 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
PAWS & CLAWS DOGGY DAY CARE LTD→ SC500240 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
POCKET ROCKET CREATIVE LTD.→ SC314831 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
POOCH PODD LIMITED→ SC845515 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
POWER CIRCLE PROJECTS LTD→ SC663219 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
PRESTIGE ROOFERS & BUILDERS LIMITED→ SC522162 · est 2015 · no financials extracted	—	—	—	—	10y	—	—

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

Incorporated2006-03-31

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

10 East Murrayfield

Bannockburn

Stirling

FK7 8HS

Scotland

Filing status

Accounts

Next due: 2026-12-25

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-14OVERDUE

Last: 2025-03-31

Officers (6 active · 2 resigned)

GRIFFIN, Kevin Hugh→

secretary · appointed 2006-03-31

View their other companies + combined net worth →

Active

GRIFFIN, Grainne→

director · ~62y · appointed 2006-03-31

View their other companies + combined net worth →

Active

GRIFFIN, John James→

director · ~70y · appointed 2006-03-31

View their other companies + combined net worth →

Active

GRIFFIN, Kevin Hugh→

director · ~68y · appointed 2006-03-31

View their other companies + combined net worth →

Active

GRIFFIN, Patrick→

director · ~71y · appointed 2006-03-31

View their other companies + combined net worth →

Active

GRIFFIN, Siobhan→

director · ~65y · appointed 2006-03-31

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2006-03-31 · resigned 2006-03-31

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2006-03-31 · resigned 2006-03-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	22/12/2006	—
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	11/12/2006	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (68 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-02-27

change-account-reference-date-company-previous-shortened

accounts · AA01

2025-12-03

confirmation-statement-with-updates

confirmation-statement · CS01

2025-04-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-23

confirmation-statement-with-updates

confirmation-statement · CS01

2024-04-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-11-27

confirmation-statement-with-updates

confirmation-statement · CS01

2023-04-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-22

confirmation-statement-with-updates

confirmation-statement · CS01

2022-05-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-04-01

change-account-reference-date-company-previous-shortened

accounts · AA01

2022-03-22

change-account-reference-date-company-previous-shortened

accounts · AA01

2021-12-22

confirmation-statement-with-updates

confirmation-statement · CS01

2021-04-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-02-17

confirmation-statement-with-updates

confirmation-statement · CS01

2020-04-19