A & B MILLIGAN LIMITED

🌳Matureactive
05428027 · ltd · incorporated 2005-04-18
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 46719
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees6500

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 (20 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-01-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-05-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-02-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2005-04-18
    🏢
    Company incorporated
    As A & B MILLIGAN LIMITED
  18. 2005-04-18
    MILLIGAN, Stuart appointed
    secretary
  19. 2005-04-18
    MILLIGAN, Barbara Claire appointed
    director
  20. 2005-04-18
    MILLIGAN, Stuart appointed
    director

Owner dependency

99/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MILLIGAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

81/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-02

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Barbara Claire Milligan
Individual · British · DOB 06/1969 · age 57
25–50%25-50% voting06/04/2016
Mr Stuart Milligan
Individual · British · DOB 01/1963 · age 63
25–50%25-50% voting06/04/2016

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

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
Incorporated2005-04-18
Jurisdictionengland-wales
Primary SIC46719 — SIC 46719

Registered office

Crown House
Bridgewater Close
Burnley
Lancashire
BB11 5TE
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-02OVERDUE
Last: 2025-04-18

Officers (3 active · 0 resigned)

MILLIGAN, Stuart
secretary · appointed 2005-04-18
View their other companies + combined net worth →
Active
MILLIGAN, Barbara Claire
director · ~57y · appointed 2005-04-18
View their other companies + combined net worth →
Active
MILLIGAN, Stuart
director · ~63y · appointed 2005-04-18
View their other companies + combined net worth →
Active

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

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2019-05-03