M4PROJECTS LTD.

💤Zombieactive
SC353186 · ltd · incorporated 2009-01-08
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
—
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Turnover
—
year to Dec 2025
Net worth
£14.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other telecommunications activities
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 62). 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 16.4y

45/100
under pressure

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

  • · Oldest live charge is 16.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 · accounting standard not declared
Positive net assets
Net assets £14,768
Net assets shrinking
Down £1,791 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£15k
↓ 11% YoY
Current Assets
£15k
↓ 11% YoY
Current Liabilities
—
£0£3k£7k£10k£13k£17kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£14.8k£16.6k
Current assets£14.7k£16.5k
Net assets£14.8k£16.6k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-04-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-01-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  11. 2018-12-28
    ➕
    WYSOCKA-MCCALLUM, Iwona appointed
    secretary
  12. 2018-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2017-05-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2017-05-05
    🔓
    Charge satisfied #2
  17. 2017-05-05
    🔓
    Charge satisfied #1
  18. 2016-07-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2011-02-03
    🔒
    Charge registered #2
    Lender: Malcolm Mcleod Mciver Mccallum
  20. 2009-12-04
    🔒
    Charge registered #1
    Lender: Malcolm Mcleod Mciver Mccallum
  21. 2009-01-08
    🏢
    Company incorporated
    As M4PROJECTS LTD.
  22. 2009-01-08
    ➕
    MCCALLUM, Malcolm Mcleod Mciver appointed
    director
  23. 2009-01-08
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  24. 2009-01-08
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  25. 2009-01-08
    ➕
    MABBOTT, Stephen George appointed
    director
  26. 2009-01-08
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

93/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
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 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Malcolm Mcleod Mciver Mccallum
Individual · British · DOB 07/1964 · age 62
75–100%
—75-100% shares06/04/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2009-01-08
Jurisdictionscotland
Primary SIC61900 — Other telecommunications activities

Registered office

36/5 Kings Road
Rosyth
Dunfermline
KY11 2SP
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03

Officers (2 active · 2 resigned)

WYSOCKA-MCCALLUM, Iwona→
secretary · appointed 2018-12-28
View their other companies + combined net worth →
Active
MCCALLUM, Malcolm Mcleod Mciver→
director · ~62y · appointed 2009-01-08
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2009-01-08 · resigned 2009-01-08
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2009-01-08 · resigned 2009-01-08
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Malcolm Mcleod Mciver Mccallum
Standard security1 property03/02/201105/05/2017
satisfied
Malcolm Mcleod Mciver Mccallum
Standard security1 property04/12/200905/05/2017

Recent filings (50 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-03