MARPAN LTD

💤Zombieactive
SC499535 · ltd · incorporated 2015-03-04
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 Mar 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other transportation support activities
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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: 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 (58/100).

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31

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
5
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 180 days
6
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-03-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-05-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2023-05-23
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2022-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-03-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2020-03-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2020-03-18
    📄
    capital-allotment-shares
    capital · SH01
  16. 2019-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2015-03-04
    🏢
    Company incorporated
    As MARPAN LTD
  19. 2015-03-04
    PANAS, Marcin Tomasz appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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
Mrs Justyna Panas
Individual · Polish · DOB 11/1984 · age 42
2550%
25–50%25-50% shares · 25-50% voting04/03/2020
Mr Marcin Tomasz Panas
Individual · Polish · DOB 04/1981 · age 45
2550%
25–50%25-50% shares · 25-50% voting04/03/2017

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

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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
Incorporated2015-03-04
Jurisdictionscotland
Primary SIC52290 — Other transportation support activities

Registered office

23 Springfield Crescent
Armadale
Bathgate
EH48 3GF
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-18
Last: 2026-03-04

Officers (1 active · 0 resigned)

PANAS, Marcin Tomasz
director · ~45y · appointed 2015-03-04
View their other companies + combined net worth →
Active

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

Recent filings (31 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
change-person-director-company-with-change-date
officers · CH01
2026-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-03-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-15
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
gazette-notice-compulsory
gazette · GAZ1
2023-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15