MAIR MATHESON SOLICITORS LTD

💤Zombieactive
SC378930 · ltd · incorporated 2010-05-20
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 Dec 2024
Net worth
£185.7k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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).

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
60 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £185,688
Cash YoY
+112%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£52k
↑ 112% YoY
Net Worth
£186k
↑ 15% YoY
Current Assets
£247k
↑ 11% YoY
Current Liabilities
£0£49k£99k£148k£198k£247kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£185.7k£161.1k
Current assets£247.0k£223.0k
Cash£52.4k£24.7k
Debtors£21.2k£51.1k
Net assets£185.7k£161.1k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-05-29
    MATHESON, Andrew Ferrier Lister resigned
    secretary
  5. 2023-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-20
    📄
    capital-cancellation-shares
    capital · SH06
  7. 2023-02-20
    📄
    capital-return-purchase-own-shares
    capital · SH03
  8. 2023-02-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2023-02-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-02-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-11-01
    MATHESON, Andrew Ferrier Lister resigned
    director
  12. 2022-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-02-19
    MCFARLANE, Kay resigned
    director
  17. 2020-02-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-02-01
    KERR, Lorraine appointed
    director
  19. 2019-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2019-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2018-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2012-01-01
    MCFARLANE, Kay appointed
    director
  24. 2010-05-20
    🏢
    Company incorporated
    As MAIR MATHESON SOLICITORS LTD
  25. 2010-05-20
    MATHESON, Andrew Ferrier Lister appointed
    secretary
  26. 2010-05-20
    MATHESON, Andrew Ferrier Lister appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Mair Matheson Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mair Matheson Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
MAIR MATHESON SOLICITORS LTD
This company · SC378930

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%
NameSharesVoting rightsNature of controlNotified
Mair Matheson Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting25/10/2022
1 historic (ceased) PSC
  • Mr Andrew Ferrier Lister Mathesonceased 25/10/2022· 50-75% 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 →

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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
Incorporated2010-05-20
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

53 Main Street
Newmilns
Ayrshire
KA16 9DA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-03
Last: 2025-05-20

Officers (1 active · 3 resigned)

KERR, Lorraine
director · ~42y · appointed 2020-02-01
View their other companies + combined net worth →
Active
MATHESON, Andrew Ferrier Lister
secretary · appointed 2010-05-20 · resigned 2024-05-29
Resigned
MATHESON, Andrew Ferrier Lister
director · ~78y · appointed 2010-05-20 · resigned 2022-11-01
Resigned
MCFARLANE, Kay
director · ~41y · appointed 2012-01-01 · resigned 2020-02-19
Resigned

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

Recent filings (60 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-31
termination-secretary-company-with-name-termination-date
officers · TM02
2024-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-22
capital-cancellation-shares
capital · SH06
2023-02-20
capital-return-purchase-own-shares
capital · SH03
2023-02-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-02-14
termination-director-company-with-name-termination-date
officers · TM01
2023-02-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23