MILL DEVELOPMENTS (BLACKFORD) LIMITED

🌳Matureactive
SC222906 · ltd · incorporated 2001-09-05
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 Dec 2023
Net worth
£103.0k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 69). 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

5 live charges · 3 lenders · oldest 23.3y

35/100
too messy

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

  • · Oldest live charge is 23.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 4 with DOB)
79
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £103,018

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£103k
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-12-31
Total assets£103.0k
Net assets£103.0k

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 (43 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-05
    📄
    legacy
    miscellaneous · RP01PSC01
  3. 2025-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-06-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-06-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-02-17
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  7. 2025-02-14
    ➕
    BURNESS PAULL LLP appointed
    corporate-secretary
  8. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-12-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-04-21
    🔓
    Charge satisfied #5
  20. 2016-04-21
    🔓
    Charge satisfied #4
  21. 2016-04-21
    🔓
    Charge satisfied #3
  22. 2016-04-21
    🔓
    Charge satisfied #2
  23. 2016-04-21
    🔓
    Charge satisfied #1
  24. 2013-02-15
    ➕
    ALTAJIR, Mohsin Mohammed Mahdi appointed
    director
  25. 2011-07-22
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  26. 2011-04-30
    ➖
    VALDER, Ian David John resigned
    secretary
  27. 2011-04-30
    ➖
    VALDER, Ian David John resigned
    director
  28. 2010-11-08
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  29. 2006-02-28
    ➖
    MONTGOMERY, Leslie resigned
    secretary
  30. 2006-02-28
    ➕
    VALDER, Ian David John appointed
    secretary
  31. 2006-02-28
    ➖
    MONTGOMERY, Leslie resigned
    director
  32. 2003-07-21
    🔒
    Charge registered #3
    Lender: Park Tower Holdings Establishment
  33. 2003-07-21
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  34. 2003-03-25
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  35. 2001-11-30
    ➕
    ALTAJIR, Maher appointed
    director
  36. 2001-11-30
    ➕
    MONTGOMERY, Leslie appointed
    secretary
  37. 2001-11-30
    ➖
    BURNESS resigned
    corporate-nominee-secretary
  38. 2001-11-30
    ➕
    MONTGOMERY, Leslie appointed
    director
  39. 2001-11-30
    ➕
    VALDER, Ian David John appointed
    director
  40. 2001-11-30
    ➖
    BURNESS (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  41. 2001-09-05
    🏢
    Company incorporated
    As MILL DEVELOPMENTS (BLACKFORD) LIMITED
  42. 2001-09-05
    ➕
    BURNESS appointed
    corporate-nominee-secretary
  43. 2001-09-05
    ➕
    BURNESS (DIRECTORS) LIMITED appointed
    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 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • 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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Amer Mohammed Mahdi Mohsin Altajir
Individual · Emirati · DOB 12/1961 · age 65
——sig. influencesignificant influence01/10/2024
Mr Khalid Mohamed Mahdi Mohsin Altajir
Individual · Emirati · DOB 09/1958 · age 68
——sig. influencesignificant influence28/09/2017
1 historic (ceased) PSC
  • Mr Maher Mahdi Al Tajirceased 01/10/2024· 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 →

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——4656y8483y
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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
Incorporated2001-09-05
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Kirkton
Blackford
Auchterarder
Perthshire
PH4 1RF
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-19
Last: 2025-09-05

Officers (3 active · 6 resigned)

BURNESS PAULL LLP→
corporate-secretary · appointed 2025-02-14
View their other companies + combined net worth →
Active
ALTAJIR, Maher→
director · ~69y · appointed 2001-11-30
View their other companies + combined net worth →
Active
ALTAJIR, Mohsin Mohammed Mahdi→
director · ~60y · appointed 2013-02-15
View their other companies + combined net worth →
Active
MONTGOMERY, Leslie→
secretary · appointed 2001-11-30 · resigned 2006-02-28
Resigned
VALDER, Ian David John→
secretary · appointed 2006-02-28 · resigned 2011-04-30
Resigned
BURNESS→
corporate-nominee-secretary · appointed 2001-09-05 · resigned 2001-11-30
Resigned
MONTGOMERY, Leslie→
director · ~63y · appointed 2001-11-30 · resigned 2006-02-28
Resigned
VALDER, Ian David John→
director · ~88y · appointed 2001-11-30 · resigned 2011-04-30
Resigned
BURNESS (DIRECTORS) LIMITED→
corporate-nominee-director · appointed 2001-09-05 · resigned 2001-11-30
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property22/07/201121/04/2016
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property08/11/201021/04/2016
satisfied
Park Tower Holdings Establishment
Standard security1 property21/07/200321/04/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/07/200321/04/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property25/03/200321/04/2016

Recent filings (89 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
legacy
miscellaneous · RP01PSC01
2025-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-20
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-08