MILLTOWN FARM LIMITED

🌳Matureactive
NI063677 · ltd · incorporated 2007-03-16
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 9.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: SIC 01470
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 9.5y

85/100
ready

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

  • · Oldest live charge is 9.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (6 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 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.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-07-22
    ➕
    JOHNSTON, Emma Jane appointed
    director
  6. 2025-07-22
    ➕
    JOHNSTON, Katherine Rhoda appointed
    director
  7. 2025-07-22
    ➕
    JOHNSTON, Rachel Margaret appointed
    director
  8. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-12-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-11-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2016-11-29
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  19. 2016-03-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2007-03-16
    🏢
    Company incorporated
    As MILLTOWN FARM LIMITED
  21. 2007-03-16
    ➕
    JOHNSTON, Hilary appointed
    secretary
  22. 2007-03-16
    ➕
    JOHNSTON, Henry appointed
    director
  23. 2007-03-16
    ➕
    JOHNSTON, Hilary appointed
    director
  24. 2007-03-16
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-secretary
  25. 2007-03-16
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-secretary
  26. 2007-03-16
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  27. 2007-03-16
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

23/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — JOHNSTON, Emma Jane (same surname) appointed 2025-07-22. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 19 years.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Henry Johnston
Individual · British · DOB 06/1962 · age 64
75–100%
—75-100% shares06/04/2016

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
Incorporated2007-03-16
Jurisdictionnorthern-ireland
Primary SIC01470 — SIC 01470

Registered office

17 Balteagh Road
Tynan
BT60 4SB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13

Officers (6 active · 2 resigned)

JOHNSTON, Hilary→
secretary · appointed 2007-03-16
View their other companies + combined net worth →
Active
JOHNSTON, Emma Jane→
director · ~25y · appointed 2025-07-22
View their other companies + combined net worth →
Active
JOHNSTON, Henry→
director · ~67y · appointed 2007-03-16
View their other companies + combined net worth →
Active
JOHNSTON, Hilary→
director · ~64y · appointed 2007-03-16
View their other companies + combined net worth →
Active
JOHNSTON, Katherine Rhoda→
director · ~29y · appointed 2025-07-22
View their other companies + combined net worth →
Active
JOHNSTON, Rachel Margaret→
director · ~32y · appointed 2025-07-22
View their other companies + combined net worth →
Active
C.S. SECRETARIAL SERVICES LTD→
corporate-secretary · appointed 2007-03-16 · resigned 2007-03-16
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2007-03-16 · resigned 2007-03-16
Resigned

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
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge—29/11/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-12
appoint-person-director-company-with-name-date
officers · AP01
2025-08-04
appoint-person-director-company-with-name-date
officers · AP01
2025-08-04
appoint-person-director-company-with-name-date
officers · AP01
2025-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-22