DEREK MILLAR ELECTRICAL LIMITED

💤Zombieactive
NI606838 · ltd · incorporated 2011-03-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£77.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 · FRS 105 (micro)
Positive net assets
Net assets £77,834

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£78k
↑ 39% YoY
Current Assets
£89k
↑ 27% YoY
Current Liabilities
—
£0£18k£36k£53k£71k£89kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£90.1k£68.5k
Current assets£89.1k£70.1k
Net assets£77.8k£56.2k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
3
filings
  • • 2 confirmation-statement
  • • 1 officers
Last 180 days
4
filings
  • • 2 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-12
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2026-04-20
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  3. 2025-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-03-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-10-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-03-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-06-08
    ➕
    MILLAR, Derek appointed
    director
  17. 2011-03-30
    ➖
    ADAMS, Christopher Edwards resigned
    director
  18. 2011-03-29
    🏢
    Company incorporated
    As DEREK MILLAR ELECTRICAL LIMITED
  19. 2011-03-29
    ➕
    ADAMS, Christopher Edwards 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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "MILLAR" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Derek Millar
Individual · British · DOB 06/1967 · age 59
75–100%
75–100%board control75-100% shares · 75-100% voting · board control29/03/2017

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
Incorporated2011-03-29
Jurisdictionnorthern-ireland
Primary SIC43210 — Electrical installation

Registered office

Ormeau House
91-97 Ormeau Road
Belfast
County Antrim
BT7 1SH

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (1 active · 1 resigned)

MILLAR, Derek→
director · ~59y · appointed 2011-06-08
View their other companies + combined net worth →
Active
ADAMS, Christopher Edwards→
director · ~48y · appointed 2011-03-29 · resigned 2011-03-30
Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-13
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-05-12
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-31