MFV EMERALD DAWN LTD

🌳Matureactive
SC309052 · ltd · incorporated 2006-09-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2025
Net worth
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 19.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 19.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees400400

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 →

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 (33 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2023-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2018-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-27
    📄
    memorandum-articles
    incorporation · MA
  13. 2017-05-18
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  14. 2017-05-18
    📄
    notice-removal-restriction-on-company-articles
    change-of-constitution · CC02
  15. 2017-05-18
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2017-01-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-03-04
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  18. 2013-12-16
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  19. 2013-04-23
    🔓
    Charge satisfied #3
  20. 2013-02-01
    MCMULLAN, Alex appointed
    director
  21. 2009-12-17
    🔓
    Charge satisfied #1
  22. 2007-05-24
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  23. 2007-04-23
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  24. 2006-10-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2006-09-25
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  26. 2006-09-25
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  27. 2006-09-23
    MCFARLANE, Fiona appointed
    secretary
  28. 2006-09-23
    COWIE, Neil appointed
    director
  29. 2006-09-23
    DUTHIE, Kris Alistair appointed
    director
  30. 2006-09-23
    MONAGHAN, James appointed
    director
  31. 2006-09-22
    🏢
    Company incorporated
    As MFV EMERALD DAWN LTD
  32. 2006-09-22
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  33. 2006-09-22
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -4 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 67 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Alexander Mcmullan
Individual · British · DOB 07/1959 · age 67
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr James Monaghan
Individual · British · DOB 05/1961 · age 65
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated2006-09-22
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

The Old Surgery
School Road
Tarbert
Argyll
PA29 6UL
Scotland

Filing status

Accounts
Next due: 2026-10-29
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-09-05
Last: 2025-08-22

Officers (5 active · 2 resigned)

MCFARLANE, Fiona
secretary · appointed 2006-09-23
View their other companies + combined net worth →
Active
COWIE, Neil
director · ~55y · appointed 2006-09-23
View their other companies + combined net worth →
Active
DUTHIE, Kris Alistair
director · ~49y · appointed 2006-09-23
View their other companies + combined net worth →
Active
MCMULLAN, Alex
director · ~67y · appointed 2013-02-01
View their other companies + combined net worth →
Active
MONAGHAN, James
director · ~65y · appointed 2006-09-23
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD
corporate-nominee-secretary · appointed 2006-09-22 · resigned 2006-09-25
Resigned
FORM 10 DIRECTORS FD LTD
corporate-nominee-director · appointed 2006-09-22 · resigned 2006-09-25
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property04/03/2016
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property16/12/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Statutory mortgage1 property24/05/200723/04/2013
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property23/04/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property17/10/200617/12/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-21
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-10