M-ARDOE TRADECO LTD
Opportunity 69/100 (strong), 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 (65/100).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-414.2k | — |
| Current assets | £2.63M | — |
| Cash | £446.5k | — |
| Debtors | £2.13M | — |
| Net assets | £-414.2k | — |
| Average employees | — | 7000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (16 events)Click to expand
- 2025-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-30📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-06-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-06-14📄gazette-notice-compulsorygazette · GAZ1
- 2021-11-12📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-03-31🏢Company incorporatedAs M-ARDOE TRADECO LTD
- 2021-03-31➕CHOY, Wai Ceong appointeddirector
- 2021-03-31➕CHOY, Wai Hin appointeddirector
- 2021-03-31➕ELLISON, Richard James appointeddirector
- 2021-03-31📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-13
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Wai Hin Choy Individual · Malaysian · DOB 06/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/03/2021 |
Mr Wai Ceong Choy Individual · Malaysian · DOB 09/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/03/2021 |
Mr Richard James Ellison Individual · British · DOB 06/1978 · age 48 | — | — | sig. influencesignificant influence | 31/03/2021 |
1 historic (ceased) PSC
- Msb Global Ltdceased 30/09/2021· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (3 active · 0 resigned)
Click a director name to see their full track record across all companies.