WILLIAM C. MCMILLAN (STRANRAER) LIMITED

💤Zombieactive
SC072329 · ltd · incorporated 1980-08-12
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 Jan 2025
Net worth
£202.4k
book net assets
Opportunity
79/100
Strong
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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
Property-backed borrower with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). 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

1 live charge · oldest 18.3y

45/100
under pressure

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

  • · Oldest live charge is 18.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £202,368

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£202k
Current Assets
£27k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-31
Total assets£202.4k
Current assets£27.0k
Net assets£202.4k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-24
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-12-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-12-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-12-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-11-17
    ➖
    MCMILLAN, Robert resigned
    secretary
  6. 2025-11-17
    ➖
    MCMILLAN, Robert resigned
    director
  7. 2025-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-10-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-03-31
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  19. 2007-11-02
    ➖
    MOHAMMED, Ruth resigned
    director
  20. 1990-10-31
    ➖
    MCMILLAN, Deborah resigned
    secretary
  21. 1990-10-31
    ➖
    MCMILLAN, Deborah resigned
    director
  22. 1990-03-30
    ➕
    MCMILLAN, David appointed
    director
  23. 1990-03-30
    ➕
    MCMILLAN, Robert appointed
    secretary
  24. 1990-03-30
    ➕
    MOHAMMED, Ruth appointed
    director
  25. 1980-08-12
    🏢
    Company incorporated
    As WILLIAM C. MCMILLAN (STRANRAER) LIMITED

Owner dependency

100/100
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 "MCMILLAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 46 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

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MCMILLAN, Robert resigned 2025-11-17; MCMILLAN, Robert resigned 2025-11-17

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Ruth Mohammed
Individual · British · DOB 03/1968 · age 58
25–50%
—25-50% shares01/07/2016
Mr David Mcmillan
Individual · British · DOB 04/1958 · age 68
25–50%
—25-50% shares01/06/2016
1 historic (ceased) PSC
  • Mr Robert Mcmillanceased 17/11/2025· 25-50% shares

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

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
Incorporated1980-08-12
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Blackparks Industrial Estate
Commerce Road
Stranraer
Wigtownshire
DG9 7DD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (1 active · 5 resigned)

MCMILLAN, David→
director · ~68y · appointed 1990-03-30
View their other companies + combined net worth →
Active
MCMILLAN, Deborah→
secretary · resigned 1990-10-31
Resigned
MCMILLAN, Robert→
secretary · appointed 1990-03-30 · resigned 2025-11-17
Resigned
MCMILLAN, Deborah→
director · resigned 1990-10-31
Resigned
MCMILLAN, Robert→
director · ~66y · resigned 2025-11-17
Resigned
MOHAMMED, Ruth→
director · ~58y · appointed 1990-03-30 · resigned 2007-11-02
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
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property31/03/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

change-account-reference-date-company-current-extended
accounts · AA01
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-12-18
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-07