NATIONAL MILK LABORATORIES LIMITED

🌳Matureactive
SC145660 · ltd · incorporated 1993-07-28
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.0y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: dormant / non-trading with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 22.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
29 officers (4 active, 29 linked, 22 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
166 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (76 events)Click to expand
  1. 2026-02-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-09-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-03-11
    BROWN, Kelly appointed
    director
  5. 2025-03-11
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2025-03-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-03-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-02-23
    WARNE, Andrew John resigned
    director
  9. 2024-01-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-10-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2023-03-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2022-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-06-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-07-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-06-24
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2019-06-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2019-06-21
    WARD, Lisa appointed
    secretary
  18. 2019-06-21
    NUTTALL, Clive Gordon resigned
    secretary
  19. 2019-04-08
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  20. 2019-04-08
    📄
    legacy
    accounts · PARENT_ACC
  21. 2019-04-08
    📄
    legacy
    other · AGREEMENT2
  22. 2019-04-08
    📄
    legacy
    other · GUARANTEE2
  23. 2018-06-29
    🔓
    Charge satisfied #1
  24. 2017-06-22
    🔒
    Charge registered #2
    Lender: Lloyds Bank Commercial Finance LTD
  25. 2017-06-08
    FRANKCOM, Mark Christopher appointed
    director
  26. 2017-06-08
    CRAVEN, Anthony Peter resigned
    director
  27. 2017-06-08
    NUTTALL, Clive Gordon resigned
    director
  28. 2017-06-08
    PRICE, David resigned
    director
  29. 2011-09-30
    HUGHES, Christopher Trevor resigned
    director
  30. 2011-07-18
    BONTRIDDER, Dirk resigned
    director
  31. 2009-08-01
    BONTRIDDER, Dirk appointed
    director
  32. 2009-05-15
    MCBEAN, Christopher James resigned
    director
  33. 2008-03-10
    HUGHES, Christopher Trevor appointed
    director
  34. 2008-03-10
    NUTTALL, Clive Gordon appointed
    director
  35. 2008-03-10
    WARNE, Andrew John appointed
    director
  36. 2007-06-01
    BARTLETT, Benjamin Edward Carnegy appointed
    director
  37. 2007-06-01
    HUGHES, Christopher Trevor resigned
    secretary
  38. 2007-06-01
    NUTTALL, Clive Gordon appointed
    secretary
  39. 2007-06-01
    CRAVEN, Anthony Peter appointed
    director
  40. 2007-06-01
    HUGHES, Christopher Trevor resigned
    director
  41. 2007-06-01
    PRICE, David appointed
    director
  42. 2007-06-01
    WARNE, Andrew John resigned
    director
  43. 2006-11-06
    MCBEAN, Christopher James appointed
    director
  44. 2004-05-13
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  45. 2004-04-02
    HUGHES, Christopher Trevor appointed
    secretary
  46. 2004-04-02
    MAGUIRE, James Anthony resigned
    secretary
  47. 2004-04-02
    DUNCAN, John resigned
    director
  48. 2004-04-02
    HUGHES, Christopher Trevor appointed
    director
  49. 2004-04-02
    WARNE, Andrew John appointed
    director
  50. 2003-03-01
    DUNCAN, John appointed
    director
Showing most recent 50 of 76 events

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

53/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondary12+ year tenure: Director in role 19 years.
  • 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.)

Group structure

National Milk Records Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
National Milk Records Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
NATIONAL MILK LABORATORIES LIMITED
This company · SC145660

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%
NameSharesVoting rightsNature of controlNotified
National Milk Records Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1993-07-28
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

32 Kelvin Avenue
Hillington
Glasgow
G52 4LT

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-11
Last: 2025-07-28

Officers (4 active · 25 resigned)

WARD, Lisa
secretary · appointed 2019-06-21
View their other companies + combined net worth →
Active
BARTLETT, Benjamin Edward Carnegy
director · ~57y · appointed 2007-06-01
View their other companies + combined net worth →
Active
BROWN, Kelly
director · ~43y · appointed 2025-03-11
View their other companies + combined net worth →
Active
FRANKCOM, Mark Christopher
director · ~59y · appointed 2017-06-08
View their other companies + combined net worth →
Active
AITKEN, Marie Isobel
secretary · appointed 1993-10-14 · resigned 1994-11-01
Resigned
HUGHES, Christopher Trevor
secretary · appointed 2004-04-02 · resigned 2007-06-01
Resigned
MAGUIRE, James Anthony
secretary · appointed 1994-11-01 · resigned 2004-04-02
Resigned
NUTTALL, Clive Gordon
secretary · appointed 2007-06-01 · resigned 2019-06-21
Resigned
REID, Brian
nominee-secretary · appointed 1993-07-28 · resigned 1993-07-28
Resigned
DOMICILE EXECUTORS TRUSTEES & NOMINEES LIMITED
corporate-secretary · appointed 1993-07-28 · resigned 1993-10-14
Resigned
BONTRIDDER, Dirk
director · ~54y · appointed 2009-08-01 · resigned 2011-07-18
Resigned
CRAVEN, Anthony Peter
director · ~65y · appointed 2007-06-01 · resigned 2017-06-08
Resigned
DUNCAN, John
director · ~84y · appointed 2003-03-01 · resigned 2004-04-02
Resigned
DUNCAN, John
director · ~84y · appointed 1995-07-19 · resigned 1998-12-01
Resigned
HOWIE, Andrew Law
director · ~102y · appointed 1993-10-14 · resigned 1995-07-19
Resigned
HUGHES, Christopher Trevor
director · ~71y · appointed 2008-03-10 · resigned 2011-09-30
Resigned
HUGHES, Christopher Trevor
director · ~71y · appointed 2004-04-02 · resigned 2007-06-01
Resigned
LAMMIE, George
director · ~82y · appointed 1998-12-01 · resigned 2003-03-01
Resigned
MABBOTT, Stephen
nominee-director · ~76y · appointed 1993-07-28 · resigned 1993-07-28
Resigned
MCBEAN, Christopher James
director · ~68y · appointed 2006-11-06 · resigned 2009-05-15
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge22/06/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property13/05/200429/06/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (166 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-dormant
accounts · AA
2025-05-23
change-account-reference-date-company-previous-extended
accounts · AA01
2025-03-11
appoint-person-director-company-with-name-date
officers · AP01
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-02
termination-director-company-with-name-termination-date
officers · TM01
2024-03-07
accounts-with-accounts-type-dormant
accounts · AA
2024-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-10
accounts-with-accounts-type-dormant
accounts · AA
2023-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-05
accounts-with-accounts-type-dormant
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01