MUSHROOMS (SCOTLAND) LTD

💤Zombieactive
SC411418 · ltd · incorporated 2011-11-16
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 Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Manufacture of prepared meals and dishes
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46310Wholesale of fruit and vegetables
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 65). 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

1 live charge · oldest 12.3y

45/100
under pressure

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

  • · Oldest live charge is 12.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
-£3.6m-£2.8m-£2.0m-£1.2m-£443k£335kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets—£-3.53M
Current assets—£335.3k
Cash—£1
Debtors—£335.3k
Net assets—£-3.56M
Average employees4—

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-13
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  2. 2025-06-26
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  3. 2025-03-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-03-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-05-23
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  6. 2024-04-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-03-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-09-29
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  9. 2021-11-23
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  10. 2020-12-23
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  11. 2020-06-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-12-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2019-12-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2019-09-27
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  15. 2018-10-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2018-10-05
    📄
    capital-allotment-shares
    capital · SH01
  17. 2014-01-23
    🔒
    Charge registered #1
    Lender: Close Invoice Finance Limited
  18. 2013-11-28
    ➕
    KIERNAN, Eugene appointed
    secretary
  19. 2013-11-28
    ➕
    KIERNAN, Patrick appointed
    director
  20. 2013-11-28
    ➖
    BOND, Christopher resigned
    director
  21. 2011-11-16
    🏢
    Company incorporated
    As MUSHROOMS (SCOTLAND) LTD
  22. 2011-11-16
    ➕
    BOND, Christopher appointed
    director

Owner dependency

90/100
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 age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr Eugene Kiernan
Individual · British · DOB 07/1960 · age 66
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/06/2018
Mr John Kiernan
Individual · British · DOB 07/1959 · age 67
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/06/2018
1 historic (ceased) PSC
  • Mr Patrick Kiernanceased 06/06/2018· significant influence

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

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D. MCGHEE & SONS LIMITED→
SC028084 · est 1950
£20.62M
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———75y8367y
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SC010710 · est 1919
£149.1k
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——103106y8584y
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SC332208 · est 2007 · no financials extracted
————18y8370y
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SC157144 · est 1995
———031y8268y
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——£360.3k—51y8276y
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——£235.7k—28y8279y
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——£73.3k—20y8264y
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——£927.1k—31y8266y
FERGUSONS BAKERS LIMITED→
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———8624y8267y
THE ISLAY COFFEE COMPANY LTD→
SC780580 · est 2023 · no financials extracted
————2y——
THE SANDWICH FACTORY (SCOTLAND) LTD→
SC626383 · est 2019 · no financials extracted
————7y——
THE WHISKY FAVOURS CO LIMITED→
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————1y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2011-11-16
Jurisdictionscotland
Primary SIC10850 — Manufacture of prepared meals and dishes

Registered office

22 Backbrae Street
Kilsyth
Glasgow
G65 0NH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-07
Last: 2025-07-24

Officers (2 active · 1 resigned)

KIERNAN, Eugene→
secretary · appointed 2013-11-28
View their other companies + combined net worth →
Active
KIERNAN, Patrick→
director · ~65y · appointed 2013-11-28
View their other companies + combined net worth →
Active
BOND, Christopher→
director · ~77y · appointed 2011-11-16 · resigned 2013-11-28
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Close Invoice Finance
Close Invoice Finance Limited
A registered charge1 property23/01/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

accounts-with-accounts-type-audited-abridged
accounts · AA
2026-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-audited-abridged
accounts · AA
2025-06-26
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-08
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-26
accounts-with-accounts-type-audited-abridged
accounts · AA
2024-05-23
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-03
gazette-notice-compulsory
gazette · GAZ1
2024-03-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-19
accounts-with-accounts-type-audited-abridged
accounts · AA
2022-09-29
accounts-with-accounts-type-audited-abridged
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-12
accounts-with-accounts-type-audited-abridged
accounts · AA
2020-12-23