INSITE CONTRACTS LIMITED

📉Decliningactive

SC162464 · ltd · incorporated 1996-01-03

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

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pursue

Leverage-led grower with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 17.8y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 17.8 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

7 officers (3 active, 7 linked, 5 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

121 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

80/100Exceptional

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £352,321

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	2025-10-31	2024-10-31
Profit before tax	£352.3k	£802.3k
Average employees	47	4700

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-04-22
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-20
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-01
📄
accounts-with-accounts-type-full
accounts · AA
2023-06-02
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-09
📄
accounts-with-accounts-type-full
accounts · AA
2021-10-29
📄
accounts-with-accounts-type-full
accounts · AA
2021-04-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-23
🔒
Charge registered #7
Lender: Hsbc UK Bank PLC
2021-04-17
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2021-04-10
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-08-19
📄
second-filing-capital-allotment-shares
capital · RP04SH01
2020-08-06
📄
accounts-with-accounts-type-full
accounts · AA
2019-11-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-11-13
🔓
Charge satisfied #5
2019-11-11
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2019-11-11
📄
capital-allotment-shares
capital · SH01
2019-11-11
📄
resolution
resolution · RESOLUTIONS
2019-10-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-30
🔓
Charge satisfied #4
2019-03-19
📄
accounts-with-accounts-type-full
accounts · AA
2018-09-20
🔒
Charge registered #6
Lender: Hsbc UK Bank PLC
2018-08-23
🔓
Charge satisfied #2
2018-08-20
🔓
Charge satisfied #1
2017-05-15
➕
FINLAY, George appointed
director
2016-11-10
🔒
Charge registered #5
Lender: Ronald Martin Millar
2016-10-21
🔒
Charge registered #4
Lender: Ronald Martin Millar
2016-10-21
🔒
Charge registered #3
Lender: Igf Invoice Finance Limited
2016-10-20
➖
MILLAR, Nadia resigned
director
2016-10-20
➖
MILLAR, Ronald Martin resigned
director
2016-09-22
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2008-07-28
🔒
Charge registered #1
Lender: Royal Bank of Scotland PLC
2004-08-27
➕
MCMILLAN, Scott Graeme appointed
director
2004-08-27
➕
MILLAR, Nadia appointed
director
1996-01-03
🏢
Company incorporated
As INSITE CONTRACTS LIMITED
1996-01-03
➕
MILLAR, Nadia appointed
secretary
1996-01-03
➕
REID, Brian appointed
nominee-secretary
1996-01-03
➖
REID, Brian resigned
nominee-secretary
1996-01-03
➕
MABBOTT, Stephen appointed
nominee-director
1996-01-03
➖
MABBOTT, Stephen resigned
nominee-director
1996-01-03
➕
MILLAR, Ronald Martin appointed
director

Owner dependency

76/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100

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 60. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Insite Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Insite Group Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

INSITE CONTRACTS LIMITED

This company · SC162464

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%

Name	Shares	Voting rights	Nature of control	Notified
Insite Group Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	21/10/2016

1 historic (ceased) PSC

Mr Scott Graeme Mcmillanceased 21/10/2016· 75-100% shares · 75-100% voting · board control

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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GEORGE LESLIE LIMITED→ SC251886 · est 2003	£42.07M £30.05M–£54.09M	—	—	43000	22y	87	59y
MACKENZIE CONSTRUCTION LIMITED→ SC073177 · est 1980	£19.04M £13.60M–£24.48M	—	—	292	45y	87	61y
SLM MACKENZIE LIMITED→ SC243618 · est 2003	£19.02M £13.59M–£24.46M	—	—	292	23y	86	63y
LUDDON CONSTRUCTION LIMITED→ SC057943 · est 1975	£15.71M £11.22M–£20.20M	—	—	55400	50y	87	60y
CURTIS MOORE (CLADDING SYSTEMS) LIMITED→ SC206369 · est 2000	£6.45M £4.61M–£8.30M	—	—	3700	26y	85	65y
A.B. 2000 LTD.→ SC155832 · est 1995	£6.43M £4.59M–£8.26M	—	—	10600	31y	84	46y
VEITCHI INTERIORS LIMITED→ SC042401 · est 1965	£3.00M £2.15M–£3.86M	—	—	53	60y	87	61y
WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→ SC101441 · est 1986	£968.2k £691.5k–£1.24M	—	—	66	39y	85	70y
TARPAVE LIMITED→ SC240089 · est 2002	£32.6k £23.3k–£41.9k	£2.30M	—	1100	23y	84	65y
A H F CONSTRUCTION MANAGEMENT LTD.→ SC352436 · est 2008	—	—	£2.19M	—	17y	83	58y
ALGAS MEDICAL INSTALLATIONS LIMITED→ SC284549 · est 2005	—	—	—	2200	21y	83	70y
ARC-TECH (SCOTLAND) LIMITED→ SC127099 · est 1990 · no financials extracted	—	—	—	—	35y	83	75y

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

Incorporated1996-01-03

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

64 Coltness Street

Glasgow

G33 4JD

Scotland

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2027-01-17

Last: 2026-01-03

Officers (3 active · 4 resigned)

MILLAR, Nadia→

secretary · appointed 1996-01-03

View their other companies + combined net worth →

Active

FINLAY, George→

director · ~60y · appointed 2017-05-15

View their other companies + combined net worth →

Active

MCMILLAN, Scott Graeme→

director · ~54y · appointed 2004-08-27

View their other companies + combined net worth →

Active

REID, Brian→

nominee-secretary · appointed 1996-01-03 · resigned 1996-01-03

Resigned

MABBOTT, Stephen→

nominee-director · ~76y · appointed 1996-01-03 · resigned 1996-01-03

Resigned

MILLAR, Nadia→

director · ~58y · appointed 2004-08-27 · resigned 2016-10-20

Resigned

MILLAR, Ronald Martin→

director · ~61y · appointed 1996-01-03 · resigned 2016-10-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	1 property	23/04/2021	—
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	—	20/09/2018	—
satisfied	Ronald Martin Millar / Nadia Millar	A registered charge	1 property	10/11/2016	13/11/2019
satisfied	Ronald Martin Millar / Nadia Millar	A registered charge	1 property	21/10/2016	30/10/2019
outstanding	Igf Invoice Finance Igf Invoice Finance Limited	A registered charge	—	21/10/2016	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	22/09/2016	23/08/2018
satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Bond & floating charge	1 property	28/07/2008	20/08/2018

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