MILLAR INTERNATIONAL FREIGHT TRANSPORT LIMITED

💤Zombieactive
SC126477 · ltd · incorporated 1990-07-27
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 Jul 2025
Net worth
£390.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 33.0y

45/100
under pressure

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

  • · Oldest live charge is 33.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 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
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £390,437
Net assets shrinking
Down £42,923 YoY
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£174k
↓ 16% YoY
Net Worth
£390k
↓ 9.9% YoY
Current Assets
£401k
↓ 15% YoY
Current Liabilities
—
£0£94k£189k£283k£377k£472kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£780.0k£723.7k
Current assets£400.9k£471.5k
Cash£174.2k£208.2k
Debtors£226.7k£263.3k
Net assets£390.4k£433.4k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-08-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2018-08-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2018-08-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-08-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2018-08-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2018-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-04-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-04-09
    🔓
    Charge satisfied #1
  17. 2003-03-19
    ➖
    MILLAR, Alexander resigned
    director
  18. 2003-03-19
    ➖
    MILLAR, Elsie Campbell resigned
    director
  19. 2000-02-05
    ➕
    PIKE, Amanda Jane appointed
    secretary
  20. 2000-02-05
    ➖
    MILLAR, Elsie Campbell resigned
    secretary
  21. 1997-09-01
    ➕
    MILLAR, Elsie Campbell appointed
    director
  22. 1993-05-18
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 1991-08-01
    ➕
    ARNOTT, Graeme Alexander appointed
    director
  24. 1991-07-31
    ➖
    MILLAR, James Stewart resigned
    director
  25. 1990-07-30
    ➕
    MILLAR, Elsie Campbell appointed
    secretary
  26. 1990-07-30
    ➕
    MILLAR, Alexander appointed
    director
  27. 1990-07-30
    ➕
    MILLAR, James Stewart appointed
    director
  28. 1990-07-27
    🏢
    Company incorporated
    As MILLAR INTERNATIONAL FREIGHT TRANSPORT LIMITED
  29. 1990-07-27
    ➕
    REID, Brian appointed
    nominee-secretary
  30. 1990-07-27
    ➖
    REID, Brian resigned
    nominee-secretary
  31. 1990-07-27
    ➕
    WAUGH, Joanne appointed
    nominee-director
  32. 1990-07-27
    ➖
    WAUGH, Joanne resigned
    nominee-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 35 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
NameSharesVoting rightsNature of controlNotified
Mr Graeme Alexander Arnott
Individual · British · DOB 02/1965 · age 61
50–75%
—50-75% shares27/07/2016
Ms Amanda Jane Pike
Individual · British · DOB 08/1969 · age 57
25–50%
—25-50% shares27/07/2016

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

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
Incorporated1990-07-27
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Unit 7a
Bandeath Industrial Estate
Throsk
Stirling
FK7 7NP

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-10
Last: 2025-07-27

Officers (2 active · 6 resigned)

PIKE, Amanda Jane→
secretary · appointed 2000-02-05
View their other companies + combined net worth →
Active
ARNOTT, Graeme Alexander→
director · ~61y · appointed 1991-08-01
View their other companies + combined net worth →
Active
MILLAR, Elsie Campbell→
secretary · appointed 1990-07-30 · resigned 2000-02-05
Resigned
REID, Brian→
nominee-secretary · appointed 1990-07-27 · resigned 1990-07-27
Resigned
MILLAR, Alexander→
director · ~92y · appointed 1990-07-30 · resigned 2003-03-19
Resigned
MILLAR, Elsie Campbell→
director · ~84y · appointed 1997-09-01 · resigned 2003-03-19
Resigned
MILLAR, James Stewart→
director · ~64y · appointed 1990-07-30 · resigned 1991-07-31
Resigned
WAUGH, Joanne→
nominee-director · appointed 1990-07-27 · resigned 1990-07-27
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property18/05/199309/04/2014

Recent filings (95 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2019-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-18