SMITH & MERCER INVESTMENTS LIMITED

🏛️Establishedactive
SC694333 · ltd · incorporated 2021-04-01
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.
🔒Estimated value
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Turnover
year to Jul 2025
Net worth
£-18.8k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 4.5y

5/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~4.5 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 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
3 connected companies via shared directors
54
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £18,799
Cash YoY
-17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 17% YoY
Net Worth
-£19k
↓ 30% YoY
Current Assets
£6k
↓ 14% YoY
Current Liabilities
-£19k-£14k-£9k-£4k£1k£6kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£177.7k£182.1k
Current assets£5.6k£6.5k
Cash£4.4k£5.3k
Debtors£1.2k£1.2k
Net assets£-18.8k£-14.4k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-04-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-03-11
    📄
    mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-04-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-11-23
    🔒
    Charge registered #3
    Lender: Cumberland Buyilding Society
  6. 2022-12-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-05-30
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  8. 2022-03-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-03-02
    🔒
    Charge registered #2
    Lender: Shawbrook Bank Limited
  10. 2021-12-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-11-24
    🔒
    Charge registered #1
    Lender: Cumberland Building Society
  12. 2021-04-01
    🏢
    Company incorporated
    As SMITH & MERCER INVESTMENTS LIMITED
  13. 2021-04-01
    MERCER, Paul James appointed
    director
  14. 2021-04-01
    SMITH, Craig Alexander appointed
    director
  15. 2021-04-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
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.
  • +Founder name in company name: Company name contains director surname "MERCER" — strong identity link between founder and business.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Craig Alexander Smith
Individual · British · DOB 03/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/04/2021
Mr Paul James Mercer
Individual · British · DOB 03/1974 · age 52
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/04/2021

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
Incorporated2021-04-01
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation

Registered office

3 Midmar Park
Kingswells
Aberdeen
AB15 8FA
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02

Officers (2 active · 0 resigned)

MERCER, Paul James
director · ~52y · appointed 2021-04-01
View their other companies + combined net worth →
Active
SMITH, Craig Alexander
director · ~45y · appointed 2021-04-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Cumberland Buyilding Society
A registered charge1 property23/11/2023
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property02/03/2022
outstanding
Cumberland Building Society
A registered charge2 properties24/11/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-24
mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-22
change-account-reference-date-company-current-extended
accounts · AA01
2022-05-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-02
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-16
incorporation-company
incorporation · NEWINC
2021-04-01