MARKEV LIMITED

💤Zombieactive
SC445704 · ltd · incorporated 2013-03-21
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
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Turnover
year to Jan 2025
Net worth
£546.7k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -87% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 12.8y

30/100
under pressure

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

  • · Oldest live charge is 12.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
42 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £546,685
Net assets shrinking
Down £16,483 YoY
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£22k
↓ 87% YoY
Net Worth
£547k
↓ 2.9% YoY
Current Assets
£689k
↓ 15% YoY
Current Liabilities
£0£162k£324k£485k£647k£809kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£870.5k£900.2k
Current assets£689.4k£809.1k
Cash£22.3k£165.7k
Debtors£657.9k£632.6k
Net assets£546.7k£563.2k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-08-02
    🔒
    Charge registered #2
    Lender: Cynergy Bank PLC
  5. 2024-07-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-07-12
    🔓
    Charge satisfied #1
  7. 2023-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2021-08-27
    MARTIN, Kevin Paul resigned
    director
  13. 2021-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-11-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2018-06-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2017-08-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2013-07-24
    🔒
    Charge registered #1
    Lender: Dawncrest Limited
  19. 2013-03-22
    RICHARDS, Brian appointed
    director
  20. 2013-03-22
    MARTIN, Kevin Paul appointed
    director
  21. 2013-03-22
    STEWART, Alan James resigned
    director
  22. 2013-03-21
    🏢
    Company incorporated
    As MARKEV LIMITED
  23. 2013-03-21
    STEWART, Alan James appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. 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 13 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.)

Group structure

Dawncrest Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Dawncrest Ltd
Corporate parent
MARKEV LIMITED
This company · SC445704

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dawncrest Ltd
Corporate entity
sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr Kevin Martinceased 27/08/2021· 25-50% shares

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 →

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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
Incorporated2013-03-21
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

193 Bath Street
Glasgow
G2 4HU
United Kingdom

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (1 active · 2 resigned)

RICHARDS, Brian
director · ~59y · appointed 2013-03-22
View their other companies + combined net worth →
Active
MARTIN, Kevin Paul
director · ~44y · appointed 2013-03-22 · resigned 2021-08-27
Resigned
STEWART, Alan James
director · ~69y · appointed 2013-03-21 · resigned 2013-03-22
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Cynergy Bank
Cynergy Bank PLC
A registered charge02/08/2024
satisfied
Dawncrest
Dawncrest Limited
A registered charge1 property24/07/201312/07/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-06
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-09-02
termination-director-company-with-name-termination-date
officers · TM01
2021-09-02