MACLENNAN DISTRIBUTION LTD
💤Zombieactive
SC375788 · ltd · incorporated 2010-03-29
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
£43.9k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 49390
Sector: Transportation & storage
ALSO REGISTERED FOR
- 82990Other business support service activities n.e.c.
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
1 live charge · oldest 14.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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 (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £43,872
Net assets shrinking
Down £141,380 YoY
Cash YoY
-4%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£804
↓ 4.2% YoY
Net Worth
£44k
↓ 76% YoY
Current Assets
£551k
↓ 3.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £474.6k | £596.8k |
| Current assets | £551.5k | £568.5k |
| Cash | £804 | £839 |
| Debtors | £529.8k | £543.7k |
| Net assets | £43.9k | £185.3k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 mortgage
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-02-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-24🔓Charge satisfied #1
- 2025-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-31📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-01✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-24📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-11-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-11-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-11-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-11-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-09-30➖MACLENNAN, Angus resigneddirector
- 2020-09-30➖MACLENNAN, Catriona Anne resigneddirector
- 2020-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-04➕MACLENNAN, Stewart Angus appointeddirector
- 2012-02-21🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2010-03-29🏢Company incorporatedAs MACLENNAN DISTRIBUTION LTD
- 2010-03-29➕BRIAN REID LTD. appointedcorporate-secretary
- 2010-03-29➖BRIAN REID LTD. resignedcorporate-secretary
- 2010-03-29➕MABBOTT, Stephen George appointeddirector
- 2010-03-29➖MABBOTT, Stephen George resigneddirector
- 2010-03-29➕MACLENNAN, Angus appointeddirector
- 2010-03-29➕MACLENNAN, Catriona Anne appointeddirector
Owner dependency
90/100
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.
- +Founder name in company name: Company name contains director surname "MACLENNAN" — strong identity link between founder and business.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stewart Angus Maclennan Individual · British · DOB 01/1982 · age 44 | 75–100% | — | 75-100% shares | 30/09/2020 |
2 historic (ceased) PSCs
- Mr Angus Maclennanceased 30/09/2020· 25-50% shares
- Mrs Catriona Anne Maclennanceased 30/09/2020· 25-50% shares
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 · Transport & logistics · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GLASGOW AIRPORT TAXIS LTD→ SC666037 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| HILLEBRAND GORI SCOTLAND LTD→ SC070599 · est 1980 · no financials extracted | — | — | — | — | 46y | — | — |
| KIMPI LTD→ SC882387 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| KR LOGISTICS SCO LTD→ SC882879 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LATOAK LIMITED→ SC104215 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| LOANHEAD TRANSPORT LIMITED→ SC045060 · est 1967 · no financials extracted | — | — | — | — | 58y | — | — |
| LOTHIAN PRIVATE HIRE LTD.→ SC322833 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| LUX CHAUFFEUR WORLDWIDE LTD→ SC865101 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| M.P. BURKE TRANSPORT LIMITED→ SC368849 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| M8 TRANSPORT & LOGISTICS LIMITED→ SC872410 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MACMUGUZA LTD→ SC847230 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MACQUEEN BROS LIMITED→ SC318812 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
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
Incorporated2010-03-29
Jurisdictionscotland
Primary SIC49390 — SIC 49390
Registered office
15b Crannog Lane
Oban
PA34 4HB
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29
Officers (1 active · 4 resigned)
MACLENNAN, Stewart Angus→
Activedirector · ~44y · appointed 2017-02-04
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2010-03-29 · resigned 2010-03-29
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2010-03-29 · resigned 2010-03-29
MACLENNAN, Angus→
Resigneddirector · ~71y · appointed 2010-03-29 · resigned 2020-09-30
MACLENNAN, Catriona Anne→
Resigneddirector · ~74y · appointed 2010-03-29 · resigned 2020-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 21/02/2012 | 24/02/2026 |
Recent filings (57 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
change-person-director-company-with-change-date
officers · CH01
2022-05-31
certificate-change-of-name-company
change-of-name · CERTNM
2022-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-12
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-24
change-person-director-company-with-change-date
officers · CH01
2021-05-24