ALEX MILLAR (BUILDERS) LIMITED
Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (73/100).
Refinance opportunity
2 live charges · oldest 37.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (23 events)Click to expand
- 2026-02-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-02-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-02-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-02-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-02-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-02-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-02-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2018-02-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-01-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-01-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2017-02-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-12-02➖MILLAR, Alexander resignedsecretary
- 2016-12-02➖MILLAR, Alexander resigneddirector
- 2016-11-30➕FEARN, Sandra appointeddirector
- 2009-10-06➖MILLAR, Isabel resigneddirector
- 1994-04-13🔓Charge satisfied #2
- 1988-09-02🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1988-06-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1973-03-19🏢Company incorporatedAs ALEX MILLAR (BUILDERS) LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 53 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanGroup structure
Executory Of Late Alexander Millar is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Executory Of Late Alexander Millar Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/02/2018 |
1 historic (ceased) PSC
- Mr Kenneth Richard Millarceased 06/02/2018· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 02/09/1988 | 13/04/1994 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Mandate | 1 property | 10/06/1988 | — |