MERNOC LIMITED
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). 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).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Average employees | 1 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (17 events)Click to expand
- 2025-10-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-01-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-02-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-01-25🏢Company incorporatedAs MERNOC LIMITED
- 2011-01-25➕WADDINGTON, Alan appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan Waddington Individual · British · DOB 04/1966 · age 60 | 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 · Technology · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J-LIKE LTD→ SC716616 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MARU ICT LIMITED→ SC845959 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCINNES TECHNOLOGY LTD→ SC424566 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| MLT DIGITAL LIMITED→ SC297629 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ONE VISION COMPUTING LIMITED→ SC114314 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| OUR PLANET OUR PEOPLE LTD→ SC744701 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PRISM COMMUNICATIONS GROUP LIMITED→ SC555006 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| PULSE DIGITAL MEDIA LIMITED→ SC883548 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| QCOMPASS→ SC874418 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| REFLECTION FILMS LTD→ SC750777 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| REGULUS GROUP LTD→ SC876383 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RENOVA LABS LTD→ SC790901 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.