MCGONAGALLS LIMITED

🌿Early-stageactive
SC778390 · ltd · incorporated 2023-08-08
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2024
Net worth
£-87.3k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £87,292

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£87k
Current Assets
£68k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-06-30
Total assets£42.4k
Current assets£67.9k
Net assets£-87.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-11-14
    ALEXANDER, Duncan George resigned
    director
  2. 2025-11-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-03-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-03-14
    MOWAT, Thomas Neil resigned
    director
  7. 2024-12-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-10-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-03-12
    HAMILTON, David Mill Laing appointed
    director
  11. 2024-03-12
    NELMS, John Wesley appointed
    director
  12. 2024-03-12
    MOWAT, Thomas Neil appointed
    director
  13. 2024-03-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-03-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-03-08
    📄
    capital-alter-shares-subdivision
    capital · SH02
  16. 2024-01-16
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  17. 2023-12-19
    📄
    capital-allotment-shares
    capital · SH01
  18. 2023-12-19
    📄
    capital-allotment-shares
    capital · SH01
  19. 2023-09-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  20. 2023-08-08
    🏢
    Company incorporated
    As MCGONAGALLS LIMITED
  21. 2023-08-08
    ALEXANDER, Duncan George appointed
    director
  22. 2023-08-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

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.)

Group structure

71 Brewing Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
71 Brewing Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
MCGONAGALLS LIMITED
This company · SC778390

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
71 Brewing Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control08/08/2023

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
Incorporated2023-08-08
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

36-40 Bellfield Street
Dundee
DD1 5HZ
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-08-21
Last: 2025-08-07

Officers (2 active · 2 resigned)

HAMILTON, David Mill Laing
director · ~42y · appointed 2024-03-12
View their other companies + combined net worth →
Active
NELMS, John Wesley
director · ~55y · appointed 2024-03-12
View their other companies + combined net worth →
Active
ALEXANDER, Duncan George
director · ~55y · appointed 2023-08-08 · resigned 2025-11-14
Resigned
MOWAT, Thomas Neil
director · ~57y · appointed 2024-03-12 · resigned 2025-03-14
Resigned

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

Recent filings (17 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
change-person-director-company-with-change-date
officers · CH01
2025-08-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
termination-director-company-with-name-termination-date
officers · TM01
2025-03-19
change-person-director-company-with-change-date
officers · CH01
2024-12-11
change-person-director-company-with-change-date
officers · CH01
2024-10-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-12
appoint-person-director-company-with-name-date
officers · AP01
2024-03-13
appoint-person-director-company-with-name-date
officers · AP01
2024-03-12
appoint-person-director-company-with-name-date
officers · AP01
2024-03-12
capital-alter-shares-subdivision
capital · SH02
2024-03-08
change-account-reference-date-company-current-shortened
accounts · AA01
2024-01-16
capital-allotment-shares
capital · SH01
2023-12-19
capital-allotment-shares
capital · SH01
2023-12-19