MTM DEFENCE LAWYERS LIMITED

🌳Matureactive
SC337728 · ltd · incorporated 2008-02-12
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£22.0k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £21,973
Net assets shrinking
Down £1,960 YoY
Cash YoY
+1129%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£64k
↑ 1129% YoY
Net Worth
£22k
↓ 8.2% YoY
Current Assets
£145k
↑ 18% YoY
Current Liabilities
—
£0£29k£58k£87k£116k£145kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£29.9k£42.2k
Current assets£145.0k£122.9k
Cash£63.6k£5.2k
Debtors£81.4k£117.8k
Net assets£22.0k£23.9k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-21
    📄
    capital-cancellation-shares
    capital · SH06
  6. 2022-03-21
    📄
    capital-return-purchase-own-shares
    capital · SH03
  7. 2022-03-18
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2022-03-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-01-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-01-20
    ➖
    HAY, Neil David resigned
    director
  11. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-12-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2008-02-12
    🏢
    Company incorporated
    As MTM DEFENCE LAWYERS LIMITED
  19. 2008-02-12
    ➕
    AITKEN, Murray Watson appointed
    director
  20. 2008-02-12
    ➕
    MORROW, Martin Thomas appointed
    director
  21. 2008-02-12
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  22. 2008-02-12
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  23. 2008-02-12
    ➕
    HAY, Neil David appointed
    director
  24. 2008-02-12
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-director
  25. 2008-02-12
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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 Murray Watson Aitken
Individual · British · DOB 03/1973 · age 53
25–50%
—25-50% shares06/04/2016
Mr Martin Thomas Morrow
Individual · British · DOB 07/1964 · age 62
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Mr Neil David Hayceased 20/01/2022· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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——3125y8375y
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——6027y8349y
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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
Incorporated2008-02-12
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

Campfield House
Wellside Place
Falkirk
FK1 5RL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (2 active · 3 resigned)

AITKEN, Murray Watson→
director · ~53y · appointed 2008-02-12
View their other companies + combined net worth →
Active
MORROW, Martin Thomas→
director · ~62y · appointed 2008-02-12
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2008-02-12 · resigned 2008-02-12
Resigned
HAY, Neil David→
director · ~56y · appointed 2008-02-12 · resigned 2022-01-20
Resigned
STEPHEN MABBOTT LTD.→
corporate-director · appointed 2008-02-12 · resigned 2008-02-12
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—09/12/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-23
capital-cancellation-shares
capital · SH06
2022-03-21
capital-return-purchase-own-shares
capital · SH03
2022-03-21
resolution
resolution · RESOLUTIONS
2022-03-18
termination-director-company-with-name-termination-date
officers · TM01
2022-03-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20