MACMILLAN PRESERVATION LIMITED

💤Zombieactive

SC123252 · ltd · incorporated 1990-02-22

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 Apr 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 65). 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 32.3y

45/100

under pressure

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

· Oldest live charge is 32.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

6 officers (2 active, 6 linked, 3 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

91 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

82/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-04-30	2024-04-30
Average employees	5	400

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 (27 events)Click to expand

2025-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-06-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2005-07-01
➖
CUTHBERT, Steven resigned
director
2000-12-04
➕
MACMILLAN, Charlotte Black appointed
secretary
2000-12-04
➕
CUTHBERT, Steven appointed
secretary
2000-12-04
➖
CUTHBERT, Steven resigned
secretary
2000-12-04
➖
MACMILLAN, Charlotte Black resigned
secretary
2000-12-04
➕
CUTHBERT, Steven appointed
director
2000-12-04
➖
MACMILLAN, Charlotte Black resigned
director
1994-03-02
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1990-03-29
➕
MACMILLAN, Donald Joseph appointed
director
1990-03-29
➕
MACMILLAN, Charlotte Black appointed
secretary
1990-03-29
➕
MACMILLAN, Charlotte Black appointed
director
1990-02-22
🏢
Company incorporated
As MACMILLAN PRESERVATION 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 "MACMILLAN" — 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 65 — 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 65. 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 36 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
Mrs Charlotte Black Macmillan Individual · British · DOB 02/1962 · age 64	25–50%	—	25-50% shares	06/04/2016
Mr Donald Joseph Macmillan Individual · British · DOB 02/1961 · age 65	25–50%	—	25-50% shares	06/04/2016

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 · Construction · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCTAGGART CONSTRUCTION LIMITED→ SC042957 · est 1965	£13.64M £9.74M–£17.53M	—	—	152	60y	85	61y
MCTAGGART GROUP LIMITED→ SC314901 · est 2007	£10.61M £7.58M–£13.63M	—	—	0	19y	83	61y
DALCON LIMITED→ SC327630 · est 2007	£6.00M £4.28M–£7.71M	—	—	96	18y	88	58y
ABN SERVICES CO. LTD.→ SC216960 · est 2001	£187.1k £133.6k–£240.6k	—	—	35	25y	83	61y
BWA NEXUS LIMITED→ SC205639 · est 2000	£70.3k £50.3k–£90.5k	—	—	3	26y	92	62y
ALBA DEWATERING SERVICES LIMITED→ SC235431 · est 2002	—	—	—	40	23y	83	66y
BURNAWN SERVICES LTD→ SC307932 · est 2006	—	—	—	1400	19y	83	58y
CLYDE COAST CONTRACTS LIMITED→ SC068689 · est 1979	—	—	£5.34M	—	46y	83	64y
JJL GROUNDWORKS (AYR) LTD.→ SC256402 · est 2003	—	—	£2.22M	—	22y	83	60y
MCTAGGART CIVILS LIMITED→ SC344109 · est 2008	—	—	—	0	17y	83	61y
RTS CONTRACTS LIMITED→ SC205745 · est 2000	—	—	£961.4k	—	26y	83	61y
WEST SIPHONICS SYSTEMS LIMITED→ SC381758 · est 2010	—	—	£1.84M	—	15y	83	66y

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

Incorporated1990-02-22

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

35 Prestwick Road

Ayr

KA8 8LE

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-07-06

Last: 2025-06-22

Officers (2 active · 4 resigned)

MACMILLAN, Charlotte Black→

secretary · appointed 2000-12-04

View their other companies + combined net worth →

Active

MACMILLAN, Donald Joseph→

director · ~65y · appointed 1990-03-29

View their other companies + combined net worth →

Active

CUTHBERT, Steven→

secretary · appointed 2000-12-04 · resigned 2000-12-04

Resigned

MACMILLAN, Charlotte Black→

secretary · appointed 1990-03-29 · resigned 2000-12-04

Resigned

CUTHBERT, Steven→

director · ~52y · appointed 2000-12-04 · resigned 2005-07-01

Resigned

MACMILLAN, Charlotte Black→

director · ~64y · appointed 1990-03-29 · resigned 2000-12-04

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	02/03/1994	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-04

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-10-10

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-07-25

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-22

confirmation-statement-with-updates

confirmation-statement · CS01

2023-02-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-11-07

confirmation-statement-with-updates

confirmation-statement · CS01

2022-02-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-08-27

confirmation-statement-with-updates

confirmation-statement · CS01

2021-02-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-10-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-03-02

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-11-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-02-27