MILTON SHIPPING COMPANY LIMITED
Opportunity 54/100 (worth a look), bankability 32/100. Strong seller-intent signal (70/100, director aged 70). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
Refinance opportunity
6 live charges · 6 lenders · oldest 53.5y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 53.5 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (48/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Corporate timeline (14 events)Click to expand
- 2010-05-08🏁Company dissolved
- 2002-10-11➕DENHOLM, John Stephen appointeddirector
- 2002-10-11➖BROWN, James David Denholm resigneddirector
- 1999-09-30➕HANSON, Gregory Albert appointedsecretary
- 1999-09-30➕HANSON, Gregory Albert appointeddirector
- 1999-09-30➖PARKER, James Frederick Somerville resignedsecretary
- 1999-09-30➖PARKER, James Frederick Somerville resigneddirector
- 1973-04-26🔒Charge registered #6Lender: Nationale Scheepshypotheekbank N V
- 1973-04-26🔒Charge registered #5Lender: Scheepshypotheekbank Nederland N V
- 1973-01-10🔒Charge registered #4Lender: National Westminster Bank PLC
- 1973-01-10🔒Charge registered #3Lender: Scheepshypotheekbank Nederland Nv
- 1972-12-08🔒Charge registered #2Lender: Nationale Scheepshypotheekbank Nederland N.V.
- 1972-10-20🔒Charge registered #1Lender: Nationale Scheepshypotheekbank
- 1969-11-12🏢Company incorporatedAs MILTON SHIPPING COMPANY LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 56 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-08
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 3 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nationale Scheepshypotheekbank N V | Deed of covenant | 1 property | 26/04/1973 | — | |
| outstanding | Scheepshypotheekbank Nederland N V | Statutory mortgage | 1 property | 26/04/1973 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Deed of covenant | 1 property | 10/01/1973 | — | |
| outstanding | Scheepshypotheekbank Nederland Nv | Statutory mortgage | 1 property | 10/01/1973 | — | |
| outstanding | Nationale Scheepshypotheekbank Nederland N.V. | Agreement | 1 property | 08/12/1972 | — | |
| outstanding | Nationale Scheepshypotheekbank / Scheepshypoyheekbank | Agreement | 1 property | 20/10/1972 | — |