LINDSAY MILLER PROPERTIES LIMITED
💤Zombieactive
SC175790 · ltd · incorporated 1997-05-23
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
15 live charges · 6 lenders · oldest 28.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 28.8 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · 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
75
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
7
filings
- • 4 mortgage
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
- 2026-03-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-02-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-07🔓Charge satisfied #13
- 2026-01-29➖MILLER, Wayne Edminston resigneddirector
- 2026-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-24🔓Charge satisfied #12
- 2026-01-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-13🔒Charge registered #15Lender: Together Commercial Finance Limited
- 2026-01-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-12🔒Charge registered #14Lender: Together Commercial Finance Limited
- 2025-10-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-23🔓Charge satisfied #7
- 2025-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-18➕MILLER, Wayne Edminston appointeddirector
- 2025-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-05🔓Charge satisfied #10
- 2025-01-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-31🔓Charge satisfied #11
- 2025-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-15🔒Charge registered #13Lender: Grosvenor Funding LTD
- 2025-01-13🔒Charge registered #12Lender: Grosvenor Funding LTD
- 2024-12-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-03🔓Charge satisfied #9
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-07🔒Charge registered #11Lender: Charles Street Commercial Investments Limited
- 2023-04-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-31🔒Charge registered #10Lender: Charles Street Commercial Investments Limited
- 2023-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-01🔓Charge satisfied #5
- 2022-07-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-08🔓Charge satisfied #8
- 2022-05-21🔓Charge satisfied #6
- 2013-03-14➖GUY, Ian resignedsecretary
- 2011-07-02🔓Charge satisfied #4
- 2011-07-02🔓Charge satisfied #3
- 2011-07-02🔓Charge satisfied #2
- 2011-07-02🔓Charge satisfied #1
- 2011-02-13➕GUY, Ian appointedsecretary
- 2011-02-13➖MILLER, James resignedsecretary
- 2011-02-13➖MILLER, James resigneddirector
- 2011-01-19➕MILLER, Lee appointeddirector
- 2008-07-14➖LINDSAY, Angus resigneddirector
- 2004-02-26🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2004-02-26🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 65 events
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MILLER" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 29 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.
Group structure
Tilestyle Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Tilestyle Holdings Ltd
Corporate parent · holds 75-100% shares
⬇
LINDSAY MILLER PROPERTIES LIMITED
This company · SC175790
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 |
|---|---|---|---|---|
Tilestyle Holdings Ltd Corporate entity | 75–100% | — | 75-100% 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 · Property · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PCM PROPERTIES LIMITED→ SC142138 · est 1993 | £1.18M £1.01M–£1.36M | — | £1.18M | — | 33y | 82 | 68y |
| G.W. DOUGLAS PROPERTY & GARAGE COMPANY LIMITED→ SC031202 · est 1955 | £1.10M £938.6k–£1.27M | — | £1.10M | — | 70y | 82 | 70y |
| MVPR LIMITED→ SC240584 · est 2002 | £753.5k £640.4k–£866.5k | — | £753.5k | — | 23y | 82 | 69y |
| A J W PROPERTIES (SCOTLAND) LIMITED→ SC254914 · est 2003 | £631.0k £536.4k–£725.7k | — | £631.0k | — | 22y | 82 | 73y |
| BENTHEAD DEVELOPMENTS LIMITED→ SC123999 · est 1990 | £469.5k £399.1k–£539.9k | — | £469.5k | — | 36y | 82 | 65y |
| ABBEYFORT HOLIDAYS LIMITED→ SC301687 · est 2006 | £408.0k £346.8k–£469.2k | — | £408.0k | — | 20y | 83 | 61y |
| TAYLOR BROTHERS (PROPERTY DEVELOPMENT) LIMITED→ SC058985 · est 1975 | £392.5k £333.7k–£451.4k | — | £392.5k | — | 50y | 83 | 79y |
| STARK'S PARK PROPERTIES LTD→ SC226922 · est 2002 | £337.6k £287.0k–£388.3k | — | £337.6k | — | 24y | 82 | 75y |
| BRAEFIELD LIMITED→ SC158886 · est 1995 | £292.4k £248.5k–£336.2k | — | £292.4k | — | 31y | 82 | 74y |
| GOOD NEWS (DUNFERMLINE) LIMITED→ SC168501 · est 1996 | £126.6k £107.6k–£145.6k | — | £126.6k | — | 29y | 82 | 67y |
| SUMMITS INVESTMENTS LIMITED→ SC169947 · est 1996 | £123.7k £105.1k–£142.3k | — | £123.7k | — | 29y | 82 | 73y |
| REGENTS ESTATES AND MORTGAGES LIMITED→ SC252333 · est 2003 | £107.7k £91.5k–£123.8k | — | £107.7k | — | 23y | 82 | 64y |
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
Incorporated1997-05-23
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Unit 9 Merchant Centre, Merchant Place
Mitchelston Industrial Estate
Kirkcaldy
KY1 3NJ
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-06-04
Last: 2026-05-21
Officers (1 active · 7 resigned)
Active
GUY, Ian→
Resignedsecretary · appointed 2011-02-13 · resigned 2013-03-14
MILLER, James→
Resignedsecretary · appointed 1997-06-18 · resigned 2011-02-13
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-05-23 · resigned 1997-06-18
LINDSAY, Angus→
Resigneddirector · ~90y · appointed 1997-06-18 · resigned 2008-07-14
MILLER, James→
Resigneddirector · ~78y · appointed 1997-06-18 · resigned 2011-02-13
MILLER, Wayne Edminston→
Resigneddirector · ~49y · appointed 2025-02-18 · resigned 2026-01-29
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1997-05-23 · resigned 1997-06-18
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
2
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 13/01/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 12/01/2026 | — | |
| satisfied | Grosvenor Funding Grosvenor Funding LTD | A registered charge | 1 property | 15/01/2025 | 07/02/2026 | |
| satisfied | Grosvenor Funding Grosvenor Funding LTD | A registered charge | — | 13/01/2025 | 24/01/2026 | |
| satisfied | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | 1 property | 07/04/2023 | 31/01/2025 | |
| satisfied | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | — | 31/03/2023 | 05/02/2025 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 26/02/2004 | 03/12/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 26/02/2004 | 08/07/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 25/07/2003 | 23/05/2025 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/07/2003 | 21/05/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 14/10/2002 | 01/03/2023 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 05/02/1998 | 02/07/2011 | |
| satisfied | Norman Kay Harris | Standard security | 1 property | 03/02/1998 | 02/07/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/01/1998 | 02/07/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/10/1997 | 02/07/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (110 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-02
termination-director-company-with-name-termination-date
officers · TM01
2026-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-07
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-24
appoint-person-director-company-with-name-date
officers · AP01
2025-02-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-24