J. LOGAN MILNE (BRECHIN) LIMITED
🌳Matureactive
SC072388 · ltd · incorporated 1980-08-19
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 45.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueActive trading company with a 77-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · oldest 45.1y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 45.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 300 | 300 |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-28🔓Charge satisfied #2
- 2024-12-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-09🔓Charge satisfied #4
- 2024-11-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-04🔓Charge satisfied #3
- 2024-10-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-12🔓Charge satisfied #1
- 2024-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-22📄capital-cancellation-sharescapital · SH06
- 2020-05-22📄capital-cancellation-sharescapital · SH06
- 2020-05-22📄capital-return-purchase-own-sharescapital · SH03
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-01-20➕MILNE, Nicholas appointeddirector
- 2010-06-17➕MILNE, Andrew Laurence Gourlay appointeddirector
- 1991-05-28🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1989-01-06🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1981-04-13🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1981-03-11🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1980-08-19🏢Company incorporatedAs J. LOGAN MILNE (BRECHIN) LIMITED
Owner dependency
88/100
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
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "MILNE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
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 77 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 16 years.
- 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Logan Milne Individual · British · DOB 07/1949 · age 77 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| K & R WALTON LTD→ SC823236 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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| KINGENNIE HOLDINGS LIMITED→ SC268466 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| KINGFISHER PROPERTY (SCOTLAND) LIMITED→ SC616018 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| KINGSMUIR LIMITED→ SC497496 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| KINLOCH PROPERTIES LIMITED→ SC232129 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| KINSBROOK PROPERTIES LTD→ SC844996 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| KIRKTON HOUSE HOLDINGS LIMITED→ SC752322 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KIRSTRON INVESTMENTS LIMITED→ SC681627 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KJN PROPERTYS LTD→ SC607909 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| KLPG PROPERTIES LTD→ SC793176 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KOHAI LTD→ SC822150 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1980-08-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Annfield
1 Duke Street
Brechin
Angus
DD9 6JY
Scotland
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-01-12
Last: 2025-12-29
Officers (5 active · 0 resigned)
Active
MILNE, Andrew Laurence Gourlay→
Activedirector · ~46y · appointed 2010-06-17
View their other companies + combined net worth →
Active
MILNE, Nicholas→
Activedirector · ~49y · appointed 2014-01-20
View their other companies + combined net worth →
Active
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/05/1991 | 09/12/2024 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 06/01/1989 | 04/11/2024 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 13/04/1981 | 28/12/2024 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 11/03/1981 | 12/10/2024 |
Recent filings (104 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-29