A D MCMILLAN ASSOCIATES LIMITED
🌳Matureactive
06142528 · ltd · incorporated 2007-03-07
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 Mar 2025
Net worth
£-7.7k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -49% YoY — forensic review of receivables, stock turns, and creditor days. 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 3 total, 3 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
80/100Exceptional
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
80
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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £7,668
Cash draining
Cash down 49% YoY
Cash YoY
-49%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£179
↓ 49% YoY
Net Worth
-£8k
↓ 269% YoY
Current Assets
£497
↓ 80% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-7.7k | £-2.1k |
| Current assets | £497 | £2.5k |
| Cash | £179 | £350 |
| Debtors | £318 | £2.1k |
| Net assets | £-7.7k | £-2.1k |
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
4
filings
- • 2 persons-with-significant-control
- • 1 confirmation-statement
- • 1 officers
Last 180 days
5
filings
- • 2 persons-with-significant-control
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-06-09📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-08📄capital-name-of-class-of-sharescapital · SH08
- 2016-12-08📄resolutionresolution · RESOLUTIONS
- 2016-11-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-03-07🏢Company incorporatedAs A D MCMILLAN ASSOCIATES LIMITED
- 2007-03-07➕MCMILLAN, Lynda appointedsecretary
- 2007-03-07➕MCMILLAN, Andrew Dykes appointeddirector
- 2007-03-07➕MCMILLAN, Lynda appointeddirector
Owner dependency
100/100
Critical — business is the founderThe 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 "MCMILLAN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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 Andrew Dykes Mcmillan Individual · British · DOB 10/1945 · age 81 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Mrs Lynda Mcmillan Individual · British · DOB 12/1943 · age 83 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Andrew Dykes Mcmillanceased 24/04/2026· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| AJ CONSULTING SOLUTIONS LIMITED→ 16081693 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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| AMS 1861 LIMITED→ 05171596 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ANDRECRUIT GROUP LTD→ 15171425 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| APKM ACCOUNTANCY LTD→ 09759076 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| APPROCOURT LIMITED→ 02996133 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| ARCHWINGS UK LIMITED→ 14210546 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ARCTURUS STRATEGY LTD→ 17016074 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ARDERN LTD→ 04029286 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ARDGOUR RESOURCES LTD→ 07722578 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ARDOUR CONSULTING LIMITED→ 08866335 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
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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
Incorporated2007-03-07
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.
Registered office
16 Dial Close
Seend
Wiltshire
SN12 6NP
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07
Officers (3 active · 0 resigned)
Active
MCMILLAN, Andrew Dykes→
Activedirector · ~81y · appointed 2007-03-07
View their other companies + combined net worth →
MCMILLAN, Lynda→
Activedirector · ~83y · appointed 2007-03-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (48 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-18
change-person-director-company-with-change-date
officers · CH01
2026-06-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-23