MGREEN LINE LTD

💤Zombieactive
SC761871 · ltd · incorporated 2023-03-10
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 — 2 changes over 30 days, no clear direction yet.
  • · Hygiene score: 90 → 85
  • · Filings: 21 → 24
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

  • Hygiene score: 9085
  • Filings: 2124
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
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 35120SIC 35120
  • 35130SIC 35130
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 67). 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 (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
3
filings
  • 2 officers
  • 1 confirmation-statement
Last 180 days
6
filings
  • 2 officers
  • 2 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-05-03
    PLANSON, Pascale Annick appointed
    director
  4. 2026-05-03
    ROGARI, Alberto resigned
    director
  5. 2026-04-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2026-03-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2026-03-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2025-03-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2025-03-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2025-02-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2024-04-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2024-04-21
    DEBAR, Natascia resigned
    director
  13. 2024-04-21
    ROGARI, Alberto appointed
    director
  14. 2024-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2024-04-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2024-02-05
    DEBAR, Natascia appointed
    director
  18. 2024-02-05
    RICCIO, Ciro resigned
    director
  19. 2024-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2024-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2023-11-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2023-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2023-03-10
    🏢
    Company incorporated
    As MGREEN LINE LTD
  24. 2023-03-10
    RICCIO, Ciro appointed
    director
  25. 2023-03-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Yes23 Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Yes23 Ltd
Corporate parent · holds 25-50% shares
significant stake
MGREEN LINE LTD
This company · SC761871

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Yes23 Ltd
Corporate entity
2550%
25-50% shares21/04/2024
2 historic (ceased) PSCs
  • Yes23 Saceased 21/04/2024· 25-50% shares · 25-50% voting · board control
  • Gmf Carol's Ltdceased 13/10/2023· 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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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 →
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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
Incorporated2023-03-10
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

272 Bath Street
Glasgow
G2 4JR
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-19
Last: 2026-05-05

Officers (1 active · 3 resigned)

PLANSON, Pascale Annick
director · ~67y · appointed 2026-05-03
View their other companies + combined net worth →
Active
DEBAR, Natascia
director · ~38y · appointed 2024-02-05 · resigned 2024-04-21
Resigned
RICCIO, Ciro
director · ~66y · appointed 2023-03-10 · resigned 2024-02-05
Resigned
ROGARI, Alberto
director · ~49y · appointed 2024-04-21 · resigned 2026-05-03
Resigned

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

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-20
termination-director-company-with-name-termination-date
officers · TM01
2026-05-16
appoint-person-director-company-with-name-date
officers · AP01
2026-05-16
gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-01
accounts-with-accounts-type-dormant
accounts · AA
2026-03-31
gazette-notice-compulsory
gazette · GAZ1
2026-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-04
accounts-with-accounts-type-dormant
accounts · AA
2025-03-01
gazette-notice-compulsory
gazette · GAZ1
2025-02-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-21
termination-director-company-with-name-termination-date
officers · TM01
2024-04-21
appoint-person-director-company-with-name-date
officers · AP01
2024-04-21