M&CO SERVICES LIMITED

🏛️Establishedactive
SC662036 · ltd · incorporated 2020-05-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.8y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 5.8y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-02-15
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  4. 2024-02-13
    ⚠️
    legacy
    insolvency · CAP-SS
  5. 2024-02-09
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  6. 2024-02-09
    📄
    legacy
    capital · SH20
  7. 2024-02-09
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2024-02-09
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2023-10-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2023-10-27
    🔓
    Charge satisfied #3
  11. 2023-10-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2023-09-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2023-09-01
    🔓
    Charge satisfied #4
  14. 2023-08-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2023-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-01-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2023-01-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2022-12-30
    MILLER, Malcolm James Archibald resigned
    secretary
  19. 2022-12-30
    SCOTT, Iain Henry resigned
    director
  20. 2022-11-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2022-11-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2022-02-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2022-01-17
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  24. 2021-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2021-04-23
    🔓
    Charge satisfied #2
  26. 2021-04-23
    🔓
    Charge satisfied #1
  27. 2021-03-12
    🔒
    Charge registered #4
    Lender: Huk 103 Limited
  28. 2021-03-12
    🔒
    Charge registered #3
    Lender: Huk 103 Limited
  29. 2020-08-14
    MILLER, Malcolm James Archibald appointed
    secretary
  30. 2020-08-14
    🔒
    Charge registered #2
    Lender: Aurelius Finance Company Limited
  31. 2020-08-04
    SCOTT, Iain Henry appointed
    director
  32. 2020-08-04
    🔒
    Charge registered #1
    Lender: Aurelius Finance Company Limited
  33. 2020-05-22
    🏢
    Company incorporated
    As M&CO SERVICES LIMITED
  34. 2020-05-22
    MCGEOCH, Andrew John appointed
    director
  35. 2020-05-22
    MCGEOCH, Neil James appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-02-13: legacy; 2024-02-09: legacy

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Mackays Stores Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mackays Stores Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
M&CO SERVICES LIMITED
This company · SC662036

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mackays Stores Group Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting22/05/2020

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

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
Incorporated2020-05-22
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

Lochlea Farm
Craigie
Kilmarnock
KA1 5NN
Scotland

Filing status

Accounts
Next due: 2026-05-23
Last made up to: 2024-08-23
Confirmation statement
Next due: 2026-06-04
Last: 2025-05-21

Officers (2 active · 2 resigned)

MCGEOCH, Andrew John
director · ~46y · appointed 2020-05-22
View their other companies + combined net worth →
Active
MCGEOCH, Neil James
director · ~49y · appointed 2020-05-22
View their other companies + combined net worth →
Active
MILLER, Malcolm James Archibald
secretary · appointed 2020-08-14 · resigned 2022-12-30
Resigned
SCOTT, Iain Henry
director · ~54y · appointed 2020-08-04 · resigned 2022-12-30
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Huk 103
Huk 103 Limited
A registered charge1 property12/03/202101/09/2023
satisfied
Huk 103
Huk 103 Limited
A registered charge1 property12/03/202127/10/2023
satisfied
Aurelius Finance Company
Aurelius Finance Company Limited
A registered charge14/08/202023/04/2021
satisfied
Aurelius Finance Company
Aurelius Finance Company Limited
A registered charge1 property04/08/202023/04/2021

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-dormant
accounts · AA
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-dormant
accounts · AA
2024-05-23
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-02-15
legacy
insolvency · CAP-SS
2024-02-13
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-02-09
legacy
capital · SH20
2024-02-09
legacy
insolvency · CAP-SS
2024-02-09
resolution
resolution · RESOLUTIONS
2024-02-09
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-10-09
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-01
change-account-reference-date-company-current-extended
accounts · AA01
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-10