MARNOCH MERCHANDISING LIMITED

🚨Distressedactive
SC732020 · ltd · incorporated 2022-05-10
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 May 2024
Net worth
£-58.3k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

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
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £58,306

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
Net Worth
-£58k
Current Assets
£27k
Current Liabilities
-£58k-£41k-£24k-£7k£10k£27kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£-58.3k
Current assets£27.2k
Cash£4.2k
Debtors£1.5k
Net assets£-58.3k

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 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-10
    🏢
    Company incorporated
    As MARNOCH MERCHANDISING LIMITED
  7. 2022-05-10
    KANE, Josh appointed
    director
  8. 2022-05-10
    📄
    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 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Josh Kane
Individual · British · DOB 01/1993 · age 33
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/05/2022

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 →
🔒Tailored diligence questions

10 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.

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Company details

Statusactive
Typeltd
Incorporated2022-05-10
Jurisdictionscotland
Primary SIC46760 — SIC 46760

Registered office

8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22

Officers (1 active · 0 resigned)

KANE, Josh
director · ~33y · appointed 2022-05-10
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-24
change-person-director-company-with-change-date
officers · CH01
2024-12-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-27
incorporation-company
incorporation · NEWINC
2022-05-10