HENDRIE BROTHERS (MILLANDS) LIMITED
🌳Matureactive
SC022644 · ltd · incorporated 1944-01-07
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 26.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£3.24M
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 01290SIC 01290
- 01500SIC 01500
Investor take
PursueActive trading company with a 85-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 2 lenders · oldest 26.8y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 26.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
104 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,241,930
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
Net Worth
£3.2m
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Cash | £4.2k | — |
| Net assets | £3.24M | — |
| Average employees | — | 2300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-08-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-06-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-06-13➕ALLAN, Mairi Young appointedsecretary
- 2025-06-13➖BAIN, Mary Anne resignedsecretary
- 2024-09-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-09-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-21➖HENDRIE, James Caldwell resigneddirector
- 2023-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-30🔓Charge satisfied #2
- 2019-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-06-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-05-29➕HENDRIE, James Robert appointeddirector
- 2017-05-10➖HENDRIE, John Hamilton resigneddirector
- 2012-03-23🔒Charge registered #6Lender: Bank of Scotland PLC
- 2012-03-23🔒Charge registered #5Lender: Bank of Scotland PLC
- 2011-12-19🔒Charge registered #4Lender: Bank of Scotland PLC
- 2011-12-19🔒Charge registered #3Lender: Bank of Scotland PLC
- 2003-09-30➕BAIN, Mary Anne appointedsecretary
- 2003-09-30➖WHITE, Janet Mcadam resignedsecretary
- 2003-07-25➕HENDRIE, John Wallace appointeddirector
- 2003-07-18🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2001-06-11➖HENDRIE, John Hamilton resigneddirector
- 1999-06-29🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1944-01-07🏢Company incorporatedAs HENDRIE BROTHERS (MILLANDS) LIMITED
Owner dependency
98/100
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
- +Founder name in company name: Company name contains director surname "HENDRIE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 85 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
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 85 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Wallace Hendrie Individual · British · DOB 03/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/03/2024 |
Mr James Robert Hendrie Individual · Scottish · DOB 06/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/03/2024 |
Mrs Margaret Hendrie Individual · Scottish · DOB 12/1934 · age 92 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 21/06/2016 |
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 →Similar companies
Active · Agriculture · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GMK FISHING LIMITED→ SC340440 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| HAZELDEN LIMITED→ SC137743 · est 1992 · no financials extracted | — | — | — | — | 34y | — | — |
| JOHN K. DUNLOP LIMITED→ SC040422 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| JOHN SMITH & SONS (KILMAURS MAINS) LIMITED→ SC394843 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| LAURA FLORALS LTD→ SC666417 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| MCCRINDLESTON FARM (GIRVAN) LIMITED→ SC040481 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| MESSRS JAMES KENNEDY LTD→ SC455959 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| MUSSON CONTRACTING LIMITED→ SC481882 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| POLQUHAIRN LIMITED→ SC424837 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| PRACTICAL DAIRY SOLUTIONS LIMITED→ SC494036 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| R B YOUNG & SON LTD→ SC604626 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| R VENTON AND SONS LTD→ SC823274 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1944-01-07
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds
Registered office
3 Station Rd
Galston
Ayrshire
KA4 8HS
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26
Officers (4 active · 5 resigned)
ALLAN, Mairi Young→
Activesecretary · appointed 2025-06-13
View their other companies + combined net worth →
HENDRIE, James Robert→
Activedirector · ~52y · appointed 2017-05-29
View their other companies + combined net worth →
HENDRIE, John Wallace→
Activedirector · ~56y · appointed 2003-07-25
View their other companies + combined net worth →
Active
BAIN, Mary Anne→
Resignedsecretary · appointed 2003-09-30 · resigned 2025-06-13
WHITE, Janet Mcadam→
Resignedsecretary · resigned 2003-09-30
HENDRIE, James Caldwell→
Resigneddirector · ~86y · resigned 2024-03-21
HENDRIE, John Hamilton→
Resigneddirector · ~87y · resigned 2017-05-10
HENDRIE, John Hamilton→
Resigneddirector · ~95y · resigned 2001-06-11
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
5
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 23/03/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 23/03/2012 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 19/12/2011 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 19/12/2011 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 18/07/2003 | 30/01/2020 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 29/06/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (104 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-20
appoint-person-secretary-company-with-name-date
officers · AP03
2025-06-16
termination-secretary-company-with-name-termination-date
officers · TM02
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-11
termination-director-company-with-name-termination-date
officers · TM01
2024-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30