MERCURY OILFIELD CONSULTANCY LTD
Opportunity 69/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (18 events)Click to expand
- 2025-03-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-13📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-24📄resolutionresolution · RESOLUTIONS
- 2019-10-30📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-18📄change-person-director-company-with-change-dateofficers · CH01
- 2019-06-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-07-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-04-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-10-18🏢Company incorporatedAs MERCURY OILFIELD CONSULTANCY LTD
- 2012-10-18➕CUNNINGHAM, Steven John appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 years.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-14
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven John Cunningham Individual · British · DOB 10/1965 · age 61 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mrs Hilary Cunningham Individual · British · DOB 06/1971 · age 55 | 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
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