MGS WELLSERVICES LIMITED

🌳Matureactive

SC403203 · ltd · incorporated 2011-07-08

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£17.1k

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 06100

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (2 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

36 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £17,077

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£17k

↑ 14% YoY

Current Assets

£32k

↑ 17% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-31	2024-03-31
Total assets	£17.1k	£15.0k
Current assets	£31.5k	£27.0k
Net assets	£17.1k	£15.0k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2025-12-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-06
📄
legacy
miscellaneous · RPCH01
2016-03-31
➕
STEWART, Carol Anne appointed
director
2016-03-31
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2016-03-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-01-08
📄
accounts-amended-with-accounts-type-total-exemption-small
accounts · AAMD
2016-01-08
📄
accounts-amended-with-accounts-type-total-exemption-small
accounts · AAMD
2015-11-30
➖
MAGOWAN, William David resigned
secretary
2011-07-08
🏢
Company incorporated
As MGS WELLSERVICES LIMITED
2011-07-08
➕
STEWART, Mark George appointed
director
2011-07-08
➕
MAGOWAN, William David appointed
secretary

Owner dependency

76/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Mark George Stewart Individual · Scottish · DOB 04/1971 · age 55	25–50%	25–50%	sig. influence25-50% shares · 25-50% voting · significant influence	06/04/2016
Mrs Carol Anne Stewart Individual · Scottish · DOB 02/1969 · age 57	25–50%	25–50%	sig. influence25-50% shares · 25-50% voting · significant influence	06/04/2016

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

Similar companies

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GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
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GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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.

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Company details

Statusactive

Typeltd

Incorporated2011-07-08

Jurisdictionscotland

Primary SIC06100 — SIC 06100

Registered office

13 Alder Tree Road

Banchory

Kincardineshire

AB31 4FW

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-22

Last: 2025-07-08

Officers (2 active · 1 resigned)

STEWART, Carol Anne→

director · ~57y · appointed 2016-03-31

View their other companies + combined net worth →

Active

STEWART, Mark George→

director · ~55y · appointed 2011-07-08

View their other companies + combined net worth →

Active

MAGOWAN, William David→

secretary · appointed 2011-07-08 · resigned 2015-11-30

Resigned

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