MICONEX LTD.

🌳Matureactive

SC430741 · ltd · incorporated 2012-08-20

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.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£151.8k

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Advertising agencies

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -57% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.9y

30/100

under pressure

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

· Oldest live charge is 10.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

12 officers (5 active, 12 linked, 11 with DOB)

Ownership & PSC

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

Director network

12 connected companies via shared directors

Filing history

74 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £151,839

Cash draining

Cash down 57% YoY

Cash YoY

-57%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£415k

↓ 57% YoY

Net Worth

£152k

↑ 115% YoY

Current Assets

£1.6m

↓ 20% YoY

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	£209.2k	£157.0k
Current assets	£1.63M	£2.05M
Cash	£414.6k	£954.8k
Debtors	£1.22M	£1.09M
Net assets	£151.8k	£70.6k

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

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-03-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-03
➕
USORO, Idongesit appointed
director
2025-06-23
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-16
📄
capital-allotment-shares
capital · SH01
2025-01-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-14
➖
BROWN, Leigh resigned
director
2024-10-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-26
📄
capital-allotment-shares
capital · SH01
2023-09-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-06
🔓
Charge satisfied #1
2023-01-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-01
➕
O'NEIL, David appointed
director
2022-10-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-04-01
➕
MCGILL, Alasdair Iain appointed
director
2021-12-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-14
🔒
Charge registered #2
Lender: Barclays Security Trustee Limited
2021-04-09
📄
change-person-director-company-with-change-date
officers · CH01
2020-09-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-07-01
➕
FASSON, Ruairidh Anthony Hamilton, Mr. appointed
director
2020-07-01
➕
BROWN, Leigh appointed
director
2020-02-06
➖
GRAY, Richard John, Mr. resigned
director
2016-07-01
➖
FASSON, Ruairidh Anthony Hamilton, Mr. resigned
director
2016-03-04
➖
BECK, Jonathan resigned
director
2015-06-12
🔒
Charge registered #1
Lender: East of Scotland Investment Fund
2013-11-22
➕
BECK, Jonathan appointed
director
2013-11-22
➕
FASSON, Ruairidh Anthony Hamilton, Mr. appointed
director
2012-08-27
➕
MUNRO, Colin Scott, Mr. appointed
director
2012-08-27
➕
GRAY, Richard John, Mr. appointed
director
2012-08-20
🏢
Company incorporated
As MICONEX LTD.
2012-08-20
➕
TRAINER, Peter appointed
secretary
2012-08-20
➖
TRAINER, Peter resigned
secretary
2012-08-20
➕
MCINTOSH, Susan appointed
director
2012-08-20
➖
MCINTOSH, Susan resigned
director
2012-08-20
➕
TRAINER, Peter appointed
director
2012-08-20
➖
TRAINER, Peter resigned
director

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 14 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

Name	Shares	Voting rights	Nature of control	Notified
Mr. Colin Scott Munro Individual · British · DOB 04/1973 · age 53	25–50%	—	25-50% shares	06/04/2016
Mr. Richard John Gray Individual · British · DOB 07/1973 · age 53	25–50%	—	25-50% shares	06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Professional services · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PHOENIX ACCOUNTANCY & BOOKKEEPING LTD→ SC652533 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
PYTHO LTD→ SC638264 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
SANDVOLLAN LIMITED→ SC714148 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
SLATACH ENGINEERING LTD→ SC519988 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
SSC INTERNATIONAL LIMITED→ SC873787 · est 2025 · no financials extracted	—	—	—	—	—	—	—
SSE PLC→ SC117119 · est 1989 · no financials extracted	—	—	—	—	37y	—	—
STIRLING FISHERY MANAGEMENT LTD→ SC798178 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
SUNHILL INVESTMENTS LIMITED→ SC151401 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
SWARBRICK LAW LTD→ SC504255 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
SYSTEMS ENGINEERING ABERDEEN LIMITED→ SC505069 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
TARROUL SUBSEA LTD→ SC691105 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
TATTON PHARM LTD→ SC809918 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated2012-08-20

Jurisdictionscotland

Primary SIC73110 — Advertising agencies

Registered office

13 Rose Terrace

Perth

PH1 5HA

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-03

Last: 2025-06-19