ST MUNGO ASSETS LIMITED

💤Zombieactive

SC347979 · ltd · incorporated 2008-09-02

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

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

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 11.7y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 11.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

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

Lenders & charges

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

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

7 connected companies via shared directors

Filing history

49 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29
Average employees	0	0

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

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2026-02-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-11
📄
change-person-director-company-with-change-date
officers · CH01
2019-09-11
📄
change-person-secretary-company-with-change-date
officers · CH03
2018-11-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-18
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2018-03-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-03-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-03-29
🔓
Charge satisfied #2
2018-03-29
🔓
Charge satisfied #1
2017-09-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-09-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2017-06-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-26
🔒
Charge registered #2
Lender: Janice Wallace
2014-09-24
🔒
Charge registered #1
Lender: Janice Wallace
2008-09-02
🏢
Company incorporated
As ST MUNGO ASSETS LIMITED
2008-09-02
➕
WALLACE, Janice appointed
secretary
2008-09-02
➕
WALLACE, Thomas Michael appointed
director
2008-09-02
➕
BRIAN REID LTD. appointed
corporate-secretary
2008-09-02
➖
BRIAN REID LTD. resigned
corporate-secretary
2008-09-02
➕
STEPHEN MABBOTT LTD. appointed
corporate-director
2008-09-02
➖
STEPHEN MABBOTT LTD. resigned
corporate-director

Owner dependency

100/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

98/100

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.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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.)

Group structure

Fairways Investments (Scotland) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Fairways Investments (Scotland) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ST MUNGO ASSETS LIMITED

This company · SC347979

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Fairways Investments (Scotland) Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	02/09/2017

1 historic (ceased) PSC

Mr Thomas Wallaceceased 02/09/2017· 75-100% shares · 75-100% voting · significant influence

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 →

Similar companies

Active · Trade services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MID GAVIN NURSERY LIMITED→ SC219812 · est 2001	£447.6k £335.7k–£559.5k	£692.7k	—	2100	24y	84	78y
NISTAPLOX LIMITED→ SC180067 · est 1997	£38.8k £29.1k–£48.6k	£26.9k	—	0	28y	86	79y
ACTIVE ENERGY SOLUTIONS LTD.→ SC230311 · est 2002	—	—	£1.56M	—	24y	83	60y
ADVARIAN PROPERTIES LTD→ SC248314 · est 2003	—	—	£582.9k	—	23y	83	70y
AG (MANAGEMENT SERVICES) LTD→ SC339541 · est 2008	—	—	£3.09M	—	18y	83	59y
AMG WARRANTIES LIMITED→ SC265646 · est 2004	—	—	—	0	22y	83	74y
BELGICA UK LIMITED→ SC235052 · est 2002	—	—	£1.81M	—	23y	83	62y
BILL'S TOOL STORE LIMITED→ SC365221 · est 2009	—	—	—	1300	16y	83	58y
BLUE SQUARE OFFICES LTD.→ SC203991 · est 2000 · no financials extracted	—	—	—	—	26y	83	65y
CAMSCAFF LTD.→ SC253590 · est 2003	—	—	£556.7k	—	22y	83	61y
CENTRIFUGE MAINTENANCE SERVICES LIMITED→ SC173406 · est 1997	—	—	—	—	29y	83	63y
CHAPPELL WHISKY BROKERS LIMITED→ SC180651 · est 1997	—	—	£2.12M	—	28y	83	74y

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

Incorporated2008-09-02

Jurisdictionscotland

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

Registered office

216 West George Street

Glasgow

G2 2PQ

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-09-16

Last: 2025-09-02

Officers (2 active · 2 resigned)

WALLACE, Janice→

secretary · appointed 2008-09-02

View their other companies + combined net worth →

Active

WALLACE, Thomas Michael→

director · ~71y · appointed 2008-09-02

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-secretary · appointed 2008-09-02 · resigned 2008-09-02

Resigned

STEPHEN MABBOTT LTD.→

corporate-director · appointed 2008-09-02 · resigned 2008-09-02

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
	satisfied	Janice Wallace / Thomas Wallace	A registered charge	1 property	26/09/2014	29/03/2018
	satisfied	Janice Wallace / Thomas Wallace	A registered charge	—	24/09/2014	29/03/2018

Recent filings (49 total)

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

accounts · AA

2026-02-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-11

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

accounts · AA

2024-11-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-04

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

accounts · AA

2023-05-04

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

accounts · AA

2022-11-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-20

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

accounts · AA

2021-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-09

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

accounts · AA

2021-02-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-09-04

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

accounts · AA

2019-11-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-09-16

change-person-director-company-with-change-date

officers · CH01

2019-09-11