MORTGAGE SOURCING LIMITED

💤Zombieactive
SC646474 · ltd · incorporated 2019-11-07
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 Nov 2024
Net worth
£639
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Activities of mortgage finance companies
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (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 (73/100).

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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £639

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£639
↑ 4.1% YoY
Current Assets
£32
↓ 94% YoY
Current Liabilities
£0£128£256£383£511£639Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£639£614
Current assets£32£528
Net assets£639£614

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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-02-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-01-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2021-11-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-10-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2021-10-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2019-11-07
    🏢
    Company incorporated
    As MORTGAGE SOURCING LIMITED
  11. 2019-11-07
    YARR, John appointed
    director
  12. 2019-11-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 61 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Yarr
Individual · British · DOB 02/1965 · age 61
sig. influencesignificant influence07/11/2019

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 →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2019-11-07
Jurisdictionscotland
Primary SIC64922 — Activities of mortgage finance companies

Registered office

Mallowdale
9 Montgomerie Terrace
Skelmorlie, Ayrshire
PA17 5DT
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (1 active · 0 resigned)

YARR, John
director · ~61y · appointed 2019-11-07
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
gazette-filings-brought-up-to-date
gazette · DISS40
2022-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-16
gazette-notice-compulsory
gazette · GAZ1
2022-01-25
accounts-with-accounts-type-dormant
accounts · AA
2021-11-09
gazette-filings-brought-up-to-date
gazette · DISS40
2021-10-07
gazette-notice-compulsory
gazette · GAZ1
2021-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-16