MIL-TEK (SCOTLAND) LIMITED
- · Oldest live charge 26.6y old — refinance window within 12 months
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 26.6y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 26.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 |
|---|---|
| Total assets | £31.4k |
| Current assets | £127.1k |
| Net assets | £3.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 officers
Corporate timeline (34 events)Click to expand
- 2025-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-02➖NORRIE, Yvonne Lynn resigneddirector
- 2025-09-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-01-07➕NORRIE, Yvonne Lynn appointeddirector
- 2020-01-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-01-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2012-04-01➕NORRIE, Yvonne appointedsecretary
- 2012-03-31➖BIRKMYRE, Maria Teresa resignedsecretary
- 2011-03-24➕MACKENZIE, Sonya Anne Maria appointeddirector
- 2011-03-24➕BIRKMYRE, Maria Teresa appointedsecretary
- 2011-03-23➖MACKENZIE, Sonya Anne Marie resignedsecretary
- 2011-03-21➖CURTIS, Patrick resigneddirector
- 1999-09-08🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1999-08-10➕SKANNERUP, Kristian appointeddirector
- 1999-08-10➕CURTIS, Patrick appointeddirector
- 1999-07-01➕MACKENZIE, Sonya Anne Marie appointedsecretary
- 1999-04-19➕MACKENZIE, Thomas Stewart appointeddirector
- 1999-04-19➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 1999-04-19➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 1999-04-15🏢Company incorporatedAs MIL-TEK (SCOTLAND) LIMITED
- 1999-04-15➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 1999-04-15➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 27 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stewart Thomas Mackenzie Individual · British · DOB 10/1953 · age 73 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| ENVIROCLEAN (SCOTLAND) LIMITED→ SC176022 · est 1997 | £9.58M £6.90M–£12.26M | — | — | 246 | 28y | 84 | 59y |
| BARR + WRAY LIMITED→ SC040952 · est 1964 | £4.90M £3.53M–£6.28M | — | — | 5900 | 61y | 84 | 59y |
| BARR + WRAY HOLDINGS 2 LIMITED→ SC276252 · est 2004 | £1.34M £963.0k–£1.71M | — | — | 0 | 21y | 84 | 59y |
| BARR + WRAY HOLDINGS LIMITED→ SC175728 · est 1997 | £1.34M £963.0k–£1.71M | — | — | 0 | 28y | 82 | 59y |
| BAILLIE WINDFARM LIMITED→ SC256692 · est 2003 · no financials extracted | — | — | — | — | 22y | 83 | 71y |
| HIGHLANDER INTERNATIONAL RECYCLING LIMITED→ SC265586 · est 2004 | — | — | £1.59M | — | 22y | 83 | 61y |
| HIGHLANDER SECURITY SHREDDING LTD→ SC395423 · est 2011 | — | — | £646.8k | — | 15y | 83 | 61y |
| SPRUCE CARPETS LTD.→ SC280302 · est 2005 · no financials extracted | — | — | — | — | 21y | 83 | 70y |
| DPM WATER TECHNOLOGIES LIMITED→ SC264863 · est 2004 | — | — | — | — | 22y | 82 | 71y |
| DRAINTEC SOLUTIONS LIMITED→ SC303174 · est 2006 | — | — | £800.9k | — | 19y | 82 | 60y |
| ENVIROCLEAN CONTRACTS LTD→ SC360560 · est 2009 | — | — | — | — | 16y | 82 | 58y |
| SCOTTISH WATER LIMITED→ SC207004 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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 →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
Registered office
Filing status
Officers (4 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 08/09/1999 | — |