MAXWELL ASSOCIATES LIMITED

💤Zombieactive
SC379036 · ltd · incorporated 2010-05-24
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 Mar 2025
Net worth
£716.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Child day-care activities
Sector: Human health & social work
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (83/100, director aged 71). 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

4 live charges · oldest 11.1y

45/100
under pressure

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

  • · Oldest live charge is 11.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 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 £716,601
Cash YoY
+3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↑ 3.2% YoY
Net Worth
£717k
↑ 14% YoY
Current Assets
£749k
↑ 2.8% YoY
Current Liabilities
—
£0£150k£300k£450k£599k£749kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£716.6k£734.0k
Current assets£749.4k£729.0k
Cash£7.1k£6.9k
Debtors£742.3k£722.1k
Net assets£716.6k£628.1k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-11
    ➖
    IRONSIDE, Jessica Elizabeth resigned
    director
  6. 2022-04-11
    ➖
    MAXWELL, Stephen Reid resigned
    director
  7. 2022-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-11-22
    📄
    capital-name-of-class-of-shares
    capital · SH08
  15. 2017-11-22
    📄
    capital-alter-shares-subdivision
    capital · SH02
  16. 2017-11-22
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2017-06-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2017-06-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2017-03-31
    ➕
    IRONSIDE, Jessica Elizabeth appointed
    director
  20. 2017-03-31
    ➕
    MAXWELL, Stephen Reid appointed
    director
  21. 2016-07-15
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 2016-07-15
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 2016-07-14
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  24. 2015-03-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2010-05-24
    🏢
    Company incorporated
    As MAXWELL ASSOCIATES LIMITED
  26. 2010-05-24
    ➕
    MAXWELL, Susan Phyllis appointed
    director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "MAXWELL" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

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
Ms Susan Phyllis Maxwell
Individual · British · DOB 07/1955 · age 71
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

9 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
Incorporated2010-05-24
Jurisdictionscotland
Primary SIC88910 — Child day-care activities

Registered office

36 Fonthill Road
Aberdeen
AB11 6UJ
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-07
Last: 2025-05-24

Officers (1 active · 2 resigned)

MAXWELL, Susan Phyllis→
director · ~71y · appointed 2010-05-24
View their other companies + combined net worth →
Active
IRONSIDE, Jessica Elizabeth→
director · ~41y · appointed 2017-03-31 · resigned 2022-04-11
Resigned
MAXWELL, Stephen Reid→
director · ~39y · appointed 2017-03-31 · resigned 2022-04-11
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property15/07/2016—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property15/07/2016—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge4 properties14/07/2016—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—30/03/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-16
termination-director-company-with-name-termination-date
officers · TM01
2022-04-11
termination-director-company-with-name-termination-date
officers · TM01
2022-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-18