MI PATHWAY LTD

🌿Early-stageactive
SC795555 · ltd · incorporated 2024-01-17
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 Jan 2025
Net worth
£-4.1k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
ALSO REGISTERED FOR
  • 09900SIC 09900
  • 46140SIC 46140
  • 85590Other education n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (69/100)

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

Company profile
address, 4 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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
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 £4,055

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£4k
Current Assets
£1k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-31
Total assets£-4.1k
Current assets£1.1k
Net assets£-4.1k

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (6 events)Click to expand
  1. 2025-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-01-17
    🏢
    Company incorporated
    As MI PATHWAY LTD
  3. 2024-01-17
    JORDAN, John Mark Lewis appointed
    director
  4. 2024-01-17
    MCMILLAN, Ian appointed
    director
  5. 2024-01-17
    MCPHAIL, Stewart Thomas appointed
    director
  6. 2024-01-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

70/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Young company: Only 2.3 years old — management layer unlikely to be developed.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.

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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr John Mark Lewis Jordan
Individual · British · DOB 08/1954 · age 72
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/01/2024
Mr Stewart Thomas Mcphail
Individual · British · DOB 06/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/01/2024
Mr Ian Mcmillan
Individual · British · DOB 06/1948 · age 78
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/01/2024

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

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
Incorporated2024-01-17
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY
United Kingdom

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-30
Last: 2026-01-16

Officers (3 active · 0 resigned)

JORDAN, John Mark Lewis
director · ~72y · appointed 2024-01-17
View their other companies + combined net worth →
Active
MCMILLAN, Ian
director · ~78y · appointed 2024-01-17
View their other companies + combined net worth →
Active
MCPHAIL, Stewart Thomas
director · ~58y · appointed 2024-01-17
View their other companies + combined net worth →
Active

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

Recent filings (4 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-29
incorporation-company
incorporation · NEWINC
2024-01-17