MARINE BIOPOLYMERS LTD
🌳Matureactive
SC367807 · ltd · incorporated 2009-10-30
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£-2.93M
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 20590
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 75). 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
3 live charges · 3 lenders · oldest 9.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (6 active, 7 linked, 6 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
72 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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £2,927,370
Cash YoY
+609%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£16k
↑ 609% YoY
Net Worth
-£2.9m
↓ 5.0% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Cash | £15.6k | £2.2k |
| Net assets | £-2.93M | £-2.79M |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-21➖MACMILLAN, Angus Andrew, Mr. resigneddirector
- 2023-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-16📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2018-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2018-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2018-09-10📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-06-05📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2018-05-30📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2018-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-05-18🔒Charge registered #3Lender: Josef Rettenmaier Holding Europa Gmbh
- 2017-09-01🔒Charge registered #2Lender: David Eric Evans
- 2017-03-31🔒Charge registered #1Lender: Scottish Enterprise
- 2015-05-20➕LAING, Allan Macbean appointeddirector
- 2011-08-10➕MACMILLAN, Angus Andrew, Mr. appointeddirector
- 2011-01-01➕DOBBIE, Alexander Archibald appointeddirector
- 2011-01-01➕SMITH, Paul Leonard appointeddirector
- 2010-11-01➕MACKIE, David Walter appointedsecretary
- 2009-10-30🏢Company incorporatedAs MARINE BIOPOLYMERS LTD
- 2009-10-30➕MACINNES, Douglas Arthur appointeddirector
- 2009-10-30➕MACKIE, David Walter appointeddirector
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 · Manufacturing · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| IS459 CERAMICS LTD→ SC839879 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JHD FABRICATIONS LIMITED→ SC580089 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JNG DESIGNS LTD→ SC311107 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| MACMINIACS LTD→ SC838882 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NIGHTFALL GAMES LTD→ SC589969 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| NIMES AVIATION LTD→ SC853332 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NORTHCAMPERS LTD→ SC759090 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| OMNITOOL LIMITED→ SC291468 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| P.P.I.G. LIMITED→ SC236790 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| PB SCOTLAND LTD→ SC089522 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| PBS ENGINEERING LTD→ SC424427 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| PIK(PREMINDRAKIYAAN)AERO SERVICES LIMITED→ SC732761 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2009-10-30
Jurisdictionscotland
Primary SIC20590 — SIC 20590
Registered office
Unit 54 Boundary Road
Heathfield Industrial Estate
Ayr
South Ayrshire
KA8 9DJ
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30
Officers (6 active · 1 resigned)
MACKIE, David Walter→
Activesecretary · appointed 2010-11-01
View their other companies + combined net worth →
DOBBIE, Alexander Archibald→
Activedirector · ~75y · appointed 2011-01-01
View their other companies + combined net worth →
LAING, Allan Macbean→
Activedirector · ~72y · appointed 2015-05-20
View their other companies + combined net worth →
MACINNES, Douglas Arthur→
Activedirector · ~72y · appointed 2009-10-30
View their other companies + combined net worth →
MACKIE, David Walter→
Activedirector · ~72y · appointed 2009-10-30
View their other companies + combined net worth →
SMITH, Paul Leonard→
Activedirector · ~72y · appointed 2011-01-01
View their other companies + combined net worth →
MACMILLAN, Angus Andrew, Mr.→
Resigneddirector · ~73y · appointed 2011-08-10 · resigned 2023-12-21
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Josef Rettenmaier Holding Europa Gmbh | A registered charge | — | 18/05/2018 | — | |
| outstanding | David Eric Evans | A registered charge | 1 property | 01/09/2017 | — | |
| outstanding | Scottish Enterprise | A registered charge | — | 31/03/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (72 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
termination-director-company-with-name-termination-date
officers · TM01
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
change-account-reference-date-company-current-extended
accounts · AA01
2021-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-07