MUDCO LIMITED

💤Zombieactive
SC633362 · ltd · incorporated 2019-06-13
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.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 70
  • · Opportunity score: 71 → 63
  • · Bankability: 75 → 65
  • · Distress / opportunity: avoid → speculative
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

  • ↓Opportunity score: 71 → 63
  • ↓Hygiene score: 90 → 70
  • ↓Bankability: 75 → 65
  • ↑Filings: 17 → 18
  • ·Distress / opportunity: avoid → speculative
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 46130
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), 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 (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
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Average employees100-100

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-01-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-06-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2025-03-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2024-03-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-08-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-08-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-03-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-06-13
    🏢
    Company incorporated
    As MUDCO LIMITED
  13. 2019-06-13
    ➕
    ILES, Mary Emily appointed
    secretary
  14. 2019-06-13
    ➕
    ILES, Matthew John David appointed
    director
  15. 2019-06-13
    📄
    incorporation-company
    incorporation · NEWINC

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 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
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.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-26

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Matthew John David Iles
Individual · British · DOB 03/1989 · age 37
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/06/2019

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

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 →
🔒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
Incorporated2019-06-13
Jurisdictionscotland
Primary SIC46130 — SIC 46130

Registered office

12 Suit 111
South Bridge
Edinburgh
EH1 1DD
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-06-26OVERDUE
Last: 2025-06-12

Officers (2 active · 0 resigned)

ILES, Mary Emily→
secretary · appointed 2019-06-13
View their other companies + combined net worth →
Active
ILES, Matthew John David→
director · ~37y · appointed 2019-06-13
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-06
change-person-director-company-with-change-date
officers · CH01
2025-06-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
change-account-reference-date-company-previous-extended
accounts · AA01
2025-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19