MILLESIMA LIMITED
💤Zombieactive
03570244 · ltd · incorporated 1998-05-26
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: SIC 46342
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
3 live charges · oldest 27.7y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 100 | 100 |
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
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-01-12📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2025-07-21📄accounts-with-accounts-type-smallaccounts · AA
- 2025-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-10📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2024-06-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-31📄accounts-with-accounts-type-smallaccounts · AA
- 2024-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-18📄accounts-with-accounts-type-smallaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-07-01📄accounts-with-accounts-type-smallaccounts · AA
- 2020-11-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-11-02📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2020-10-31➕ALTIOS INTERNATIONAL UK LIMITED appointedcorporate-secretary
- 2020-10-31➖FRENGER INTERNATIONAL LIMITED resignedcorporate-secretary
- 2020-06-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-05-27➖BERNARD, Jean resigneddirector
- 2020-03-23📄accounts-with-accounts-type-smallaccounts · AA
- 2019-05-28📄change-person-director-company-with-change-dateofficers · CH01
- 2019-05-28📄accounts-with-accounts-type-smallaccounts · AA
- 2018-09-26📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2016-12-31➖BERNARD, Patrick resigneddirector
- 2016-01-01➕BERNARD, Jean appointeddirector
- 2013-09-09➕BERNARD, Fabrice appointeddirector
- 2007-12-22🔓Charge satisfied #3
- 2007-12-22🔓Charge satisfied #2
- 2007-12-22🔓Charge satisfied #1
- 1998-09-14🔒Charge registered #3Lender: Barclays Bank PLC
- 1998-09-11🔒Charge registered #2Lender: Barclays Bank PLC
- 1998-08-18🔒Charge registered #1Lender: Barclays Bank PLC
- 1998-05-26🏢Company incorporatedAs MILLESIMA LIMITED
- 1998-05-26➕FRENGER INTERNATIONAL LIMITED appointedcorporate-secretary
- 1998-05-26➕BERNARD, Patrick appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- secondaryStable-but-static management: Company is 28 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Similar companies
Active · Wholesale & distribution · NW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 04830512 LIMITED→ 04830512 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 10 FBG UK LTD→ 13995924 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 1010 NAIL CARE LTD→ 12190134 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 19:29 VAULT LTD→ 15686817 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1991 LIMITED→ 04382451 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| 26 DOLPHINS LTD→ 15726021 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 401VAULT LIMITED→ 16341343 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 4U2DAY LTD→ 15621910 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 4WARDROBES LTD→ 12443241 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 74 RE LTD→ 16135658 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 770 JUDAICA AND GIFT TRADING LIMITED→ 15523033 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 777STORES WORLDWIDE LTD→ 14411017 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1998-05-26
Jurisdictionengland-wales
Primary SIC46342 — SIC 46342
Registered office
Wilberforce House
Station Road
London
NW4 4QE
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-02
Last: 2025-05-19
Officers (2 active · 3 resigned)
ALTIOS INTERNATIONAL UK LIMITED→
Activecorporate-secretary · appointed 2020-10-31
View their other companies + combined net worth →
BERNARD, Fabrice→
Activedirector · ~53y · appointed 2013-09-09
View their other companies + combined net worth →
FRENGER INTERNATIONAL LIMITED→
Resignedcorporate-secretary · appointed 1998-05-26 · resigned 2020-10-31
BERNARD, Jean→
Resigneddirector · ~71y · appointed 2016-01-01 · resigned 2020-05-27
BERNARD, Patrick→
Resigneddirector · ~79y · appointed 1998-05-26 · resigned 2016-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 2 properties | 14/09/1998 | 22/12/2007 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 11/09/1998 | 22/12/2007 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 18/08/1998 | 22/12/2007 |
Recent filings (85 total)
change-corporate-secretary-company-with-change-date
officers · CH04
2026-01-12
accounts-with-accounts-type-small
accounts · AA
2025-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-27
change-person-director-company-with-change-date
officers · CH01
2025-05-27
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-10
accounts-with-accounts-type-small
accounts · AA
2024-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-30
change-person-director-company-with-change-date
officers · CH01
2024-05-30
accounts-with-accounts-type-small
accounts · AA
2023-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-small
accounts · AA
2022-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-small
accounts · AA
2021-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-07