VM RECOVERY LTD

💤Zombieactive
SC724960 · ltd · incorporated 2022-03-02
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.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 14 → 15
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Filings: 1415
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£11.5k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. 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 (58/100).

Data confidence

Overall: medium (79/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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 £11,543

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£12k
↑ 2.6% YoY
Current Assets
£3k
↑ 153% YoY
Current Liabilities
£0£2k£5k£7k£9k£12kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£19.6k£18.7k
Current assets£3.3k£1.3k
Net assets£11.5k£11.3k

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
1
filing
  • 1 change-of-name
Last 180 days
2
filings
  • 1 change-of-name
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-05-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-03-03
    MCCUBBIN, Marc Gray appointed
    director
  8. 2022-03-03
    MACGILLIVRAY, Robert Allan resigned
    director
  9. 2022-03-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2022-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-03-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-03-02
    🏢
    Company incorporated
    As VM RECOVERY LTD
  13. 2022-03-02
    MACGILLIVRAY, Robert Allan appointed
    director
  14. 2022-03-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-05-14: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Marc Gray Mccubbin
Individual · British · DOB 12/1975 · age 51
75100%
75-100% shares03/03/2022
1 historic (ceased) PSC
  • Mr Robert Allan Macgillivrayceased 03/03/2022· 50-75% shares · 50-75% voting · board control

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

8 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
Incorporated2022-03-02
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

6 Blair Road
Crossford
Carluke
ML8 5RF
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08

Officers (1 active · 1 resigned)

MCCUBBIN, Marc Gray
director · ~51y · appointed 2022-03-03
View their other companies + combined net worth →
Active
MACGILLIVRAY, Robert Allan
director · ~79y · appointed 2022-03-02 · resigned 2022-03-03
Resigned

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

Recent filings (15 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-19
appoint-person-director-company-with-name-date
officers · AP01
2022-03-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-03-03
termination-director-company-with-name-termination-date
officers · TM01
2022-03-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-03
incorporation-company
incorporation · NEWINC
2022-03-02