MG & MM DEVELOPMENTS LTD
🏛️Establishedactive
SC638939 · ltd · incorporated 2019-08-15
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-14.9k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 6.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 6.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
20 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
65
Adequate — check latest filings for context.
Acquirability
75
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 declaredNegative net assets
Liabilities exceed assets by £14,896
Cash YoY
-3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£21k
↓ 3.5% YoY
Net Worth
-£15k
↓ 7.3% YoY
Current Assets
£21k
↓ 3.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £41.4k | £43.0k |
| Current assets | £20.8k | £21.6k |
| Cash | £20.7k | £21.5k |
| Debtors | £59 | £155 |
| Net assets | £-14.9k | £-13.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-02-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-09🔒Charge registered #4Lender: Godiva Mortgages Limited
- 2024-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-30🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2023-05-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-22🔓Charge satisfied #1
- 2021-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-24🔒Charge registered #2Lender: The Mortgage Lender Limited
- 2021-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-12-07🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2019-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-08-15🏢Company incorporatedAs MG & MM DEVELOPMENTS LTD
- 2019-08-15➕GREEN, Michael appointeddirector
- 2019-08-15➕MARTIN, Michael Alexander Gorrod appointeddirector
- 2019-08-15📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Green Individual · British · DOB 08/1996 · age 30 | 25–50% | — | 25-50% shares | 15/08/2019 |
Mr Michael Alexander Gorrod Martin Individual · British · DOB 07/1964 · age 62 | 25–50% | — | 25-50% shares | 15/08/2019 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| LECALE HOLDINGS LTD→ SC797992 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LIBRARY HOMES LTD→ SC828919 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LN REAL ESTATE LTD→ SC880007 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MACPHERSON PROPERTY RENOVATIONS LIMITED→ SC844487 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MALTPROP LIMITED→ SC842584 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MARSHALL PROPERTY HOLDINGS LIMITED→ SC562115 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MAYANNA PROPERTIES LIMITED→ SC806846 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MCDOUGALL PROPERTY INVESTMENTS LTD→ SC835886 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| METRO PROPERTY DEVELOPMENTS LTD.→ SC222604 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| MGD ESTATES LIMITED→ SC561414 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MH HOME PROPERTY GROUP LTD→ SC863268 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MICHAEL J BENNETT PROPERTIES LTD→ SC505737 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2019-08-15
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
2 Sir George Sharp Court
Thornton
Fife
KY1 4BF
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-24
Last: 2025-08-10
Officers (2 active · 0 resigned)
GREEN, Michael→
Activedirector · ~30y · appointed 2019-08-15
View their other companies + combined net worth →
MARTIN, Michael Alexander Gorrod→
Activedirector · ~62y · appointed 2019-08-15
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Godiva Mortgages Godiva Mortgages Limited | A registered charge | 1 property | 09/02/2026 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 30/01/2024 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 24/12/2021 | — | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 07/12/2019 | 22/01/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-10
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-14