MILBEAR HOLDINGS (GLASGOW) LIMITED

🌳Matureactive

SC046691 · ltd · incorporated 1969-06-23

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£974.3k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Asset-holding vehicle with a 101-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 101). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 43.2y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 43.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (5 active, 5 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

102 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £974,347

Cash YoY

-27%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£113k

↓ 27% YoY

Net Worth

£974k

↑ 2.5% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£1.01M	£983.1k
Cash	£112.8k	£154.3k
Net assets	£974.3k	£950.2k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-07
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-07-23
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-23
🔓
Charge satisfied #1
2022-07-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-11
📄
change-person-director-company-with-change-date
officers · CH01
2017-12-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2001-07-23
➕
ORLANDI, Martin appointed
director
1998-03-30
➕
ORLANDI, Adriana appointed
director
1983-03-29
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1969-06-23
🏢
Company incorporated
As MILBEAR HOLDINGS (GLASGOW) LIMITED

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 101 — 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 101 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 57 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

Name	Shares	Voting rights	Nature of control	Notified
Miss Adriana Orlandi Individual · British · DOB 06/1959 · age 67	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Martin Orlandi Individual · British · DOB 05/1962 · age 64	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

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NEWTON PROPERTY MANAGEMENT LTD.→ SC224378 · est 2001	£1.45M £1.23M–£1.66M	—	£1.45M	—	24y	83	70y
CITYPROP INVESTMENTS LTD.→ SC157489 · est 1995	£927.3k £788.2k–£1.07M	—	£927.3k	—	31y	83	87y
CALEDONIA WATERFRONT (HARBOUR ROAD) LIMITED→ SC345086 · est 2008	£623.3k £529.8k–£716.8k	—	£623.3k	—	17y	83	70y
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MAXLY PROPERTY COMPANY LIMITED→ SC031570 · est 1956	£187.5k £159.4k–£215.6k	—	£187.5k	—	69y	83	62y
OREBLOCK LIMITED→ SC161313 · est 1995	£146.5k £124.6k–£168.5k	—	£146.5k	—	30y	83	69y
HORSESHOE DEVELOPMENTS (PORT GLASGOW) LIMITED→ SC315228 · est 2007	£132.9k £113.0k–£152.9k	—	£132.9k	—	19y	83	68y
BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974	£117.8k £100.1k–£135.5k	—	£117.8k	—	52y	83	59y
GALEN PROPERTIES LTD→ SC283636 · est 2005	£64.1k £54.5k–£73.7k	—	£64.1k	—	21y	83	62y
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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.

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Company details

Statusactive

Typeltd

Incorporated1969-06-23

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

8 Ballater Drive

Bearsden

G61 1BY

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-02

Last: 2025-07-19