RICHLAND (SCOTLAND) LIMITED

🌳Matureactive
SC194423 · ltd · incorporated 1999-03-18
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£201.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 49320
Sector: Transportation & storage
Investor take
Pursue
Asset-holding vehicle with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -79% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 25.8y

30/100
under pressure

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

  • · Oldest live charge is 25.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
80 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 £201,396
Net assets shrinking
Down £55,874 YoY
Cash draining
Cash down 79% YoY
Cash YoY
-79%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
↓ 79% YoY
Net Worth
£201k
↓ 22% YoY
Current Assets
£238k
↓ 15% YoY
Current Liabilities
—
£0£56k£111k£167k£223k£279kMar 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£440.5k£600.1k
Current assets£238.2k£278.7k
Cash£12.3k£58.1k
Debtors£225.9k£220.6k
Net assets£201.4k£257.3k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-02-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2022-02-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2021-01-23
    🔓
    Charge satisfied #2
  12. 2020-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-11-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2017-11-01
    🔒
    Charge registered #2
    Lender: Factor 21 (North) Limited
  17. 2017-04-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2017-04-25
    ➕
    MILLAR, Margaret Theresa appointed
    director
  19. 2015-10-01
    ➖
    MILLAR, Margaret Theresa resigned
    secretary
  20. 2015-10-01
    ➖
    MILLAR, Margaret Theresa resigned
    director
  21. 2008-04-02
    🔓
    Charge satisfied #1
  22. 2000-06-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2000-05-08
    ➕
    MILLAR, Hayley Nadine appointed
    director
  24. 2000-05-08
    ➕
    MILLAR, Margaret Theresa appointed
    secretary
  25. 2000-05-08
    ➖
    MILLER, Haylay resigned
    secretary
  26. 2000-05-08
    ➕
    MILLAR, Margaret Theresa appointed
    director
  27. 2000-05-08
    ➖
    MILLAR, Robert resigned
    director
  28. 1999-03-18
    🏢
    Company incorporated
    As RICHLAND (SCOTLAND) LIMITED
  29. 1999-03-18
    ➕
    MILLER, Haylay appointed
    secretary
  30. 1999-03-18
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  31. 1999-03-18
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  32. 1999-03-18
    ➕
    MILLAR, Robert appointed
    director
  33. 1999-03-18
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  34. 1999-03-18
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

91/100
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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 82 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 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Hayley Nadine Millar
Individual · British · DOB 06/1979 · age 47
75–100%
75–100%board control75-100% shares · 75-100% voting · board control19/03/2021
1 historic (ceased) PSC
  • Mrs Margaret Theresa Millarceased 19/03/2021· 50-75% shares

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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——33124y8261y
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———190022y8267y
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——£601.6k—27y8258y
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———323y8267y
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——£268.6k—21y8267y
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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
Incorporated1999-03-18
Jurisdictionscotland
Primary SIC49320 — SIC 49320

Registered office

29 Brandon Street
Hamilton
ML3 6DA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-01
Last: 2026-03-18

Officers (2 active · 6 resigned)

MILLAR, Hayley Nadine→
director · ~47y · appointed 2000-05-08
View their other companies + combined net worth →
Active
MILLAR, Margaret Theresa→
director · ~82y · appointed 2017-04-25
View their other companies + combined net worth →
Active
MILLAR, Margaret Theresa→
secretary · appointed 2000-05-08 · resigned 2015-10-01
Resigned
MILLER, Haylay→
secretary · appointed 1999-03-18 · resigned 2000-05-08
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 1999-03-18 · resigned 1999-03-18
Resigned
MILLAR, Margaret Theresa→
director · ~82y · appointed 2000-05-08 · resigned 2015-10-01
Resigned
MILLAR, Robert→
director · ~80y · appointed 1999-03-18 · resigned 2000-05-08
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 1999-03-18 · resigned 1999-03-18
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Factor 21 (North)
Factor 21 (North) Limited
A registered charge—01/11/201723/01/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/06/200002/04/2008

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-02-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-18