MERCURY OILFIELD SERVICES LTD
💤Zombieactive
SC529090 · ltd · incorporated 2016-03-09
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
£3
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 71/100 (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 -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (79/100)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
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £3
Very low cash
Cash position: £0
Net assets shrinking
Down £5,986 YoY
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£0
↓ 100% YoY
Net Worth
£3
↓ 100% YoY
Current Assets
£3
↓ 100% 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 | £3 | £6.0k |
| Current assets | £3 | £6.0k |
| Cash | £0 | £6.0k |
| Debtors | £0 | £0 |
| Net assets | £3 | £6.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-09-10➖CUNNINGHAM, Zachary Adam resigneddirector
- 2025-09-10➖FORBES, Alison Mary resigneddirector
- 2025-09-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-01-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-02-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-02-01➖CUNNINGHAM, Steven John resigneddirector
- 2017-02-01➕CUNNINGHAM, Zachary Adam appointeddirector
- 2016-07-22➕FORBES, Alison Mary appointeddirector
- 2016-07-22➖FORBES, Stuart Allan resigneddirector
- 2016-03-09🏢Company incorporatedAs MERCURY OILFIELD SERVICES LTD
- 2016-03-09➕WALLACE, Alexander Michael appointeddirector
- 2016-03-09➕CUNNINGHAM, Steven John appointeddirector
- 2016-03-09➕FORBES, Stuart Allan appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
50/100
Moderate signalSome 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
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CUNNINGHAM, Zachary Adam resigned 2025-09-10; FORBES, Alison Mary resigned 2025-09-10
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alexander Michael Wallace Individual · British · DOB 01/1982 · age 44 | 25–50% | — | 25-50% shares | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Zachary Adam Cunninghamceased 10/09/2025· 25-50% shares
- Mrs Alison Mary Forbesceased 10/09/2025· 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 →Similar companies
Active · Manufacturing · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JOINT SMART SOLUTIONS LTD→ SC806033 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| K9 TMRS LTD→ SC810411 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KW OFFSHORE LIMITED→ SC436737 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| LT'S FABRICATION & MAINTENANCE LTD→ SC863999 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCE ENGINEERING (SCOTLAND) LTD→ SC186648 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| MCHUGH ELECTRICAL LTD→ SC516444 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MESA DEVELOPMENTS LIMITED→ SC124888 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| METAL WARRIOR MINIATURES LTD→ SC690509 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MIG N WID LTD→ SC680806 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| MINE & QUARRY CONSULTANCY LTD→ SC881278 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MJM MONTROSE LIMITED→ SC708883 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MJM RESOURCE LIMITED→ SC428191 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2016-03-09
Jurisdictionscotland
Primary SIC09100 — SIC 09100
Registered office
35 Thomas Street
Carnoustie
DD7 7JZ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-22
Last: 2026-03-08
Officers (1 active · 4 resigned)
WALLACE, Alexander Michael→
Activedirector · ~44y · appointed 2016-03-09
View their other companies + combined net worth →
CUNNINGHAM, Steven John→
Resigneddirector · ~61y · appointed 2016-03-09 · resigned 2017-02-01
CUNNINGHAM, Zachary Adam→
Resigneddirector · ~30y · appointed 2017-02-01 · resigned 2025-09-10
FORBES, Alison Mary→
Resigneddirector · ~61y · appointed 2016-07-22 · resigned 2025-09-10
FORBES, Stuart Allan→
Resigneddirector · ~63y · appointed 2016-03-09 · resigned 2016-07-22
Click a director name to see their full track record across all companies.
Recent filings (29 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-10
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-09