ELMHURST LIMITED

🌳Matureactive
SC181120 · ltd · incorporated 1997-12-01
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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 Mar 2025
Net worth
£245.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 86-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 28.3y

35/100
too messy

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

  • · Oldest live charge is 28.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
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 £245,935
Cash YoY
+421%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↑ 421% YoY
Net Worth
£246k
↑ 3.6% YoY
Current Assets
£9k
↑ 411% YoY
Current Liabilities
—
£0£49k£98k£148k£197k£246kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£275.6k£266.9k
Current assets£8.8k£1.7k
Cash£6.6k£1.3k
Debtors£2.3k£466
Net assets£245.9k£237.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-12-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2025-11-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-07-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-07-24
    🔓
    Charge satisfied #1
  9. 2023-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-08-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-08-23
    🔒
    Charge registered #7
    Lender: Mh Option Limited
  14. 2020-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2018-11-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-11-19
    🔒
    Charge registered #6
    Lender: Cadzow Street Limited
  19. 2018-11-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2018-11-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 1998-03-27
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  22. 1998-03-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  23. 1998-01-07
    ➕
    MILLIGAN, Harriet Roxburgh appointed
    secretary
  24. 1998-01-07
    ➕
    GRANT, Robert Milliken, Mr. appointed
    director
  25. 1998-01-07
    ➕
    MILLIGAN, Harriet Roxburgh appointed
    director
  26. 1998-01-07
    ➖
    REID, Brian resigned
    nominee-secretary
  27. 1998-01-07
    ➖
    MABBOTT, Stephen resigned
    nominee-director
  28. 1997-12-01
    🏢
    Company incorporated
    As ELMHURST LIMITED
  29. 1997-12-01
    ➕
    REID, Brian appointed
    nominee-secretary
  30. 1997-12-01
    ➕
    MABBOTT, Stephen appointed
    nominee-director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Harriet Roxburgh Milligan
Individual · British · DOB 04/1940 · age 86
50–75%
—50-75% shares01/12/2016

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

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
Incorporated1997-12-01
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Stanley House
69-71 Hamilton Road
Motherwell
ML1 3DG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-15
Last: 2025-12-01

Officers (3 active · 2 resigned)

MILLIGAN, Harriet Roxburgh→
secretary · appointed 1998-01-07
View their other companies + combined net worth →
Active
GRANT, Robert Milliken, Mr.→
director · ~80y · appointed 1998-01-07
View their other companies + combined net worth →
Active
MILLIGAN, Harriet Roxburgh→
director · ~86y · appointed 1998-01-07
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1997-12-01 · resigned 1998-01-07
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1997-12-01 · resigned 1998-01-07
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Mh Option
Mh Option Limited
A registered charge1 property23/08/2021—
outstanding
Cadzow Street
Cadzow Street Limited
A registered charge1 property19/11/2018—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property27/03/1998—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/03/199824/07/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-03
change-person-director-company-with-change-date
officers · CH01
2025-12-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-06
change-person-secretary-company-with-change-date
officers · CH03
2025-11-06
change-person-director-company-with-change-date
officers · CH01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-22