1ST MILLENNIUM ELECTRONICS LIMITED
🌳Matureactive
03788514 · ltd · incorporated 1999-06-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£1.59M
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 27900
Sector: Manufacturing
Investor take
PursueActive trading company with a 64-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 26.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 26.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,588,146
Net assets shrinking
Down £97,392 YoY
Cash YoY
-32%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.1m
↓ 32% YoY
Net Worth
£1.6m
↓ 5.8% YoY
Current Assets
£2.2m
↓ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £1.59M | £1.69M |
| Current assets | £2.24M | £2.68M |
| Cash | £1.13M | £1.66M |
| Debtors | £789.5k | £666.7k |
| Net assets | £1.59M | £1.69M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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 (25 events)Click to expand
- 2025-03-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-01📄change-person-director-company-with-change-dateofficers · CH01
- 2018-02-01📄change-person-director-company-with-change-dateofficers · CH01
- 2018-02-01📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-02-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-02-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 1999-06-28🔒Charge registered #1Lender: Midland Bank PLC
- 1999-06-14🏢Company incorporatedAs 1ST MILLENNIUM ELECTRONICS LIMITED
- 1999-06-14➕READ, Stephen Douglas appointedsecretary
- 1999-06-14➕MACDONALD, Iain appointeddirector
- 1999-06-14➕READ, Stephen Douglas appointeddirector
- 1999-06-14➕CRS LEGAL SERVICES LIMITED appointedcorporate-nominee-secretary
- 1999-06-14➖CRS LEGAL SERVICES LIMITED resignedcorporate-nominee-secretary
- 1999-06-14➕MC FORMATIONS LIMITED appointedcorporate-nominee-director
- 1999-06-14➖MC FORMATIONS LIMITED resignedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial 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.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- 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 27 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Iain Macdonald Individual · British · DOB 10/1967 · age 59 | — | — | board controlboard control | 06/04/2016 |
Mr Stephen Douglas Read Individual · British · DOB 05/1962 · age 64 | — | — | board controlboard control | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 1 BRICKIN PLACE LTD→ 11799966 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 40PARTS LTD→ 16221557 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 4FORTHECULTURE. LTD→ 15553880 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A AND L MOORINGS LIMITED→ 16554468 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A3P LTD→ 13655409 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AALTO HAPS LIMITED→ 13925802 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ABSOLUTE AROMAS LIMITED→ 02968674 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| ABUS CRANE SYSTEMS LIMITED→ 02591463 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| ACCURATE MECHANICAL SERVICES LIMITED→ 10679386 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ACETEK ELECTRICAL LIMITED→ 04154135 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| ACOUSTIC MONITORING INTERNATIONAL LTD→ 15310630 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACOUSTIC POLYMERS LIMITED→ 05984645 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1999-06-14
Jurisdictionengland-wales
Primary SIC27900 — SIC 27900
Registered office
Wellesley House
Eelmoor Road
Farnborough
Hampshire
GU14 7QN
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01
Officers (3 active · 2 resigned)
READ, Stephen Douglas→
Activesecretary · appointed 1999-06-14
View their other companies + combined net worth →
MACDONALD, Iain→
Activedirector · ~59y · appointed 1999-06-14
View their other companies + combined net worth →
READ, Stephen Douglas→
Activedirector · ~64y · appointed 1999-06-14
View their other companies + combined net worth →
CRS LEGAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-06-14 · resigned 1999-06-14
MC FORMATIONS LIMITED→
Resignedcorporate-nominee-director · appointed 1999-06-14 · resigned 1999-06-14
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Debenture | 1 property | 28/06/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (75 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-04
change-person-director-company-with-change-date
officers · CH01
2025-02-04
change-person-director-company-with-change-date
officers · CH01
2025-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-30