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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£584.7k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 33150
Sector: Manufacturing
Investor take
PursueStrong 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: 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
2 live charges · oldest 11.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 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
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
44 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 102Positive net assets
Net assets £584,689
Key financials
2 years extracted from filed iXBRL accountsCash
£48k
Net Worth
£585k
Current Assets
£696k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £625.2k | — |
| Current assets | £696.2k | — |
| Cash | £47.8k | — |
| Debtors | £604.4k | — |
| Net assets | £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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-02-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-10-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-10-10🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2017-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-24🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2014-05-12➖MACKENZIE, Graham resigneddirector
- 2012-08-03➕MACKENZIE, Graham appointeddirector
- 2011-02-04🏢Company incorporatedAs MALLAIG BOATYARD LTD.
- 2011-02-04➕SHARMAN, Donald appointeddirector
- 2011-02-04➕BRIAN REID LTD. appointedcorporate-secretary
- 2011-02-04➖BRIAN REID LTD. resignedcorporate-secretary
- 2011-02-04➕MABBOTT, Stephen George appointeddirector
- 2011-02-04➖MABBOTT, Stephen George resigneddirector
Owner dependency
85/100
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.
- +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 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.
- 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Donald Sharman Individual · Australian · DOB 06/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
Shelagh Sharman Individual · British · DOB 04/1977 · age 49 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
Donald Sharman Individual · Australian · DOB 06/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Shelagh Sharman Individual · British · DOB 04/1977 · age 49 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| INVERNESS PRECAST LTD→ SC392391 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| J MCINTYRE ENGINEERING LTD→ SC639668 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| JOHN MCKINLAY (PRINTERS) LIMITED→ SC080840 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| LORNTYGLEN LTD→ SC590111 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| MACKELLAR ENGINEERING LTD→ SC639388 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| MEARNS SAWMILLS LIMITED→ SC022017 · est 1942 · no financials extracted | — | — | — | — | 84y | — | — |
| MERLIN ERD LIMITED→ SC333348 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MIDLOTHIAN VENTILATION SERVICES LTD→ SC631188 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| MOLKE LTD.→ SC552204 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| MOUNTAIN MEDIA PRODUCTIONS LIMITED→ SC364948 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| MOVE-ABLE LIMITED→ SC524344 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| MURDOCH ENGINEERING LIMITED→ SC264126 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04
Officers (1 active · 3 resigned)
SHARMAN, Donald→
Activedirector · ~53y · appointed 2011-02-04
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2011-02-04 · resigned 2011-02-04
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2011-02-04 · resigned 2011-02-04
MACKENZIE, Graham→
Resigneddirector · ~42y · appointed 2012-08-03 · resigned 2014-05-12
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 10/10/2017 | — | |
| 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 (44 total)
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
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-15