MINT EYEWEAR LTD.
💤Zombieactive
SC356943 · ltd · incorporated 2009-03-20
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 Mar 2025
Net worth
£107.5k
book net assets
Opportunity
81/100
Exceptional
What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 16.8y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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 (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £107,521
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£108k
↑ 3.0% YoY
Current Assets
£160k
↓ 3.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £111.0k | £113.9k |
| Current assets | £159.6k | £165.0k |
| Net assets | £107.5k | £104.4k |
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
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 officers
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-02-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-02-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-02-25🔓Charge satisfied #2
- 2016-08-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-08-21🔒Charge registered #2Lender: West of Scotland Loan Fund Limited
- 2009-07-17🔒Charge registered #1Lender: Developing Strathclyde Limited
- 2009-03-20🏢Company incorporatedAs MINT EYEWEAR LTD.
- 2009-03-20➕MCKEEGAN, Philip Hughes appointeddirector
- 2009-03-20➕TRAINER, Peter appointedsecretary
- 2009-03-20➖TRAINER, Peter resignedsecretary
- 2009-03-20➕MCINTOSH, Susan appointednominee-director
- 2009-03-20➖MCINTOSH, Susan resignednominee-director
- 2009-03-20➕TRAINER, Peter appointednominee-director
- 2009-03-20➖TRAINER, Peter resignednominee-director
Owner dependency
93/100
Critical — business is the founderThe 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 63 — approaching natural succession window.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- 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
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Philip Hughes Mckeegan Individual · British · DOB 08/1963 · age 63 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KORBAN DISTRIBUTION LTD→ SC762657 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| KUVAKA LTD.→ SC760101 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| LOCALKILTS LIMITED→ SC792219 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LUMIX PRODUCTS LTD→ SC852844 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| M N D UNITED LTD→ SC744344 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| M&M INTERNATIONAL DISTRIBUTION LTD→ SC549479 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| MARINICO LIMITED→ SC737144 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MD GLOBAL TRADE LIMITED→ SC836969 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MEDLAUBRI LTD→ SC816253 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MERMAIDS SCOTLAND LIMITED→ SC575300 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MIDDLEHOUSE FARMS LTD→ SC710034 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MLX TRADES LTD→ SC840644 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2009-03-20
Jurisdictionscotland
Primary SIC46760 — SIC 46760
Registered office
Second Floor Airbles House
270 Airbles Road
Motherwell
ML1 3AT
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31
Officers (1 active · 3 resigned)
MCKEEGAN, Philip Hughes→
Activedirector · ~63y · appointed 2009-03-20
View their other companies + combined net worth →
TRAINER, Peter→
Resignedsecretary · appointed 2009-03-20 · resigned 2009-03-20
MCINTOSH, Susan→
Resignednominee-director · ~56y · appointed 2009-03-20 · resigned 2009-03-20
TRAINER, Peter→
Resignednominee-director · ~74y · appointed 2009-03-20 · resigned 2009-03-20
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | West of Scotland Loan Fund West of Scotland Loan Fund Limited | Bond & floating charge | 1 property | 21/08/2009 | 25/02/2017 | |
| outstanding | Developing Strathclyde Developing Strathclyde Limited | Bond & floating charge | 1 property | 17/07/2009 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (47 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-05
change-person-director-company-with-change-date
officers · CH01
2026-02-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-09