C & O MILLIGAN (N.I.) LIMITED

🌳Matureactive
NI034232 · ltd · incorporated 1998-05-19
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£13.50M
year to Jun 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 13.7y

80/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 13.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,590,583

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-30
Turnover£13.50M
Gross profit£2.76M
Operating profit£2.87M
Profit before tax£1.59M
Average employees1400

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
1
filing
  • • 1 accounts
Last 180 days
5
filings
  • • 2 accounts
  • • 1 incorporation
  • • 1 resolution
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-12-30
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-12-30
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-12-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-12-02
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2025-08-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2025-08-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2020-12-07
    🔓
    Charge satisfied #1
  14. 2020-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-11-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  16. 2019-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-10-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-10-12
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  19. 2018-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-01-15
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  21. 2012-09-05
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  22. 2004-11-23
    ➕
    MILLIGAN, Robert appointed
    director
  23. 1998-05-19
    🏢
    Company incorporated
    As C & O MILLIGAN (N.I.) LIMITED
  24. 1998-05-19
    ➕
    MILLIGAN, Comgall appointed
    secretary
  25. 1998-05-19
    ➕
    MILLIGAN, Comgall appointed
    director
  26. 1998-05-19
    ➕
    MILLIGAN, Oliver appointed
    director

Owner dependency

98/100
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
  • +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 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Oliver Milligan
Individual · Irish · DOB 05/1945 · age 81
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
Mr Robert Milligan
Individual · Irish · DOB 06/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
1 historic (ceased) PSC
  • Mr Comgall Milliganceased 18/12/2025· 25-50% shares · 25-50% voting

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 →

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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
Incorporated1998-05-19
Jurisdictionnorthern-ireland
Primary SIC10200 — SIC 10200

Registered office

27 College Gardens
Belfast
BT9 6BS

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-02
Last: 2025-05-19

Officers (4 active · 0 resigned)

MILLIGAN, Comgall→
secretary · appointed 1998-05-19
View their other companies + combined net worth →
Active
MILLIGAN, Comgall→
director · ~82y · appointed 1998-05-19
View their other companies + combined net worth →
Active
MILLIGAN, Oliver→
director · ~81y · appointed 1998-05-19
View their other companies + combined net worth →
Active
MILLIGAN, Robert→
director · ~51y · appointed 2004-11-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property12/10/2018—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge—15/01/2015—
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Charge over deposits1 property05/09/201207/12/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (85 total)

accounts-with-accounts-type-full
accounts · AA
2026-03-31
memorandum-articles
incorporation · MA
2025-12-30
resolution
resolution · RESOLUTIONS
2025-12-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-19
change-account-reference-date-company-previous-extended
accounts · AA01
2025-12-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
gazette-notice-compulsory
gazette · GAZ1
2025-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17