MALLAIG BOATYARD LTD.

💤Zombieactive
SC392928 · ltd · incorporated 2011-02-04
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
£681.1k
book net assets
Opportunity
77/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 33150
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -78% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 11.4y

45/100
under pressure

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £681,108
Cash draining
Cash down 78% YoY
Cash YoY
-78%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£11k
↓ 78% YoY
Net Worth
£681k
↑ 16% YoY
Current Assets
£840k
↑ 21% YoY
Current Liabilities
—
£0£168k£336k£504k£672k£840kMar 2024Mar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-03-312025-03-312024-03-31
Total assets£710.0k£625.2k—
Current assets£840.2k£696.2k—
Cash£10.6k£47.8k—
Debtors£760.6k£604.4k—
Net assets£681.1k£584.7k—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2018-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-10-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-10-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  15. 2017-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-08-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-02-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2014-05-12
    ➖
    MACKENZIE, Graham resigned
    director
  19. 2012-08-03
    ➕
    MACKENZIE, Graham appointed
    director
  20. 2011-02-04
    🏢
    Company incorporated
    As MALLAIG BOATYARD LTD.
  21. 2011-02-04
    ➕
    SHARMAN, Donald appointed
    director
  22. 2011-02-04
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  23. 2011-02-04
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  24. 2011-02-04
    ➕
    MABBOTT, Stephen George appointed
    director
  25. 2011-02-04
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
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.
  • 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

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

Shareholders & ownership

4 active beneficial owners · fragmented
NameSharesVoting rightsNature of controlNotified
Donald Sharman
Individual · Australian · DOB 06/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting01/07/2016
Shelagh Sharman
Individual · British · DOB 04/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting01/07/2016
Donald Sharman
Individual · Australian · DOB 06/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Shelagh Sharman
Individual · British · DOB 04/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Manufacturing · PH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
TORNADO WIRE LIMITED→
SC064920 · est 1978
£17.20M
£13.38M–£21.02M
£30.34M—840048y8270y
RUSSWOOD LTD.→
SC092505 · est 1985
£3.34M
£2.60M–£4.09M
——6741y8566y
EDWARDS ENGINEERING (PERTH) LIMITED→
SC046562 · est 1969
£2.34M
£1.82M–£2.86M
——410057y8358y
FAIR CITY PRECAST LIMITED→
SC078774 · est 1982
————44y8360y
A M FIRE & SECURITY SYSTEMS LTD→
SC247526 · est 2003
———120023y8258y
DRUMMOND FENCING LIMITED→
SC297497 · est 2006
——£269.1k—20y8260y
INVERNESS PRECAST LTD→
SC392391 · est 2011
————15y8260y
MACPHERSON'S WELDING & ENGINEERING SERVICES LIMITED→
SC224287 · est 2001
——£154.8k—24y8266y
MARGARET MORRISON LIMITED→
SC299646 · est 2006
———60020y8266y
MEARNS SAWMILLS LIMITED→
SC022017 · est 1942
———20084y8284y
ONTOP TRACTORS LIMITED→
SC059965 · est 1976
——£29.8k—50y8265y
PERTHSHIRE TIMBER COMPANY LIMITED→
SC142941 · est 1993
———190033y8284y
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
Incorporated2011-02-04
Jurisdictionscotland
Primary SIC33150 — SIC 33150

Registered office

Corpach Slipway Annat
Corpach
Fort William
PH33 7NB
Scotland

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (1 active · 3 resigned)

SHARMAN, Donald→
director · ~53y · appointed 2011-02-04
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2011-02-04 · resigned 2011-02-04
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2011-02-04 · resigned 2011-02-04
Resigned
MACKENZIE, Graham→
director · ~42y · appointed 2012-08-03 · resigned 2014-05-12
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/10/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—24/02/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-19