MYLES BROS LIMITED

💤Zombieactive
SC225454 · ltd · incorporated 2001-11-19
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£219.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -52% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 24.4y

45/100
under pressure

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

  • · Oldest live charge is 24.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
67 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 £219,640
Net assets shrinking
Down £446 YoY
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
↓ 52% YoY
Net Worth
£220k
~ YoY
Current Assets
£368k
↓ 9.7% YoY
Current Liabilities
—
£0£81k£163k£244k£326k£407kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£231.7k£247.6k
Current assets£367.6k£407.1k
Cash£11.9k£24.7k
Debtors£141.2k£178.5k
Net assets£219.6k£220.1k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-10-22
    📄
    capital-cancellation-shares
    capital · SH06
  8. 2021-10-22
    📄
    capital-return-purchase-own-shares
    capital · SH03
  9. 2021-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2019-11-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2019-11-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2019-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-02-24
    ➖
    MYLES, Peter resigned
    secretary
  16. 2019-02-24
    ➖
    MYLES, Peter resigned
    director
  17. 2018-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2013-12-31
    🔓
    Charge satisfied #1
  20. 2001-12-21
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2001-11-19
    🏢
    Company incorporated
    As MYLES BROS LIMITED
  22. 2001-11-19
    ➕
    MYLES, James Alexander appointed
    director
  23. 2001-11-19
    ➕
    MYLES, Peter appointed
    secretary
  24. 2001-11-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2001-11-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  26. 2001-11-19
    ➕
    MYLES, Peter appointed
    director
  27. 2001-11-19
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  28. 2001-11-19
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "MYLES" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100
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 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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
Mr James Alexander Myles
Individual · British · DOB 04/1961 · age 65
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Peter Mylesceased 24/02/2019· 25-50% 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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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
Incorporated2001-11-19
Jurisdictionscotland
Primary SIC46740 — SIC 46740

Registered office

Unit 1 Greendykes Industrial Est
Broxburn
West Lothian
EH52 6PG

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (1 active · 4 resigned)

MYLES, James Alexander→
director · ~65y · appointed 2001-11-19
View their other companies + combined net worth →
Active
MYLES, Peter→
secretary · appointed 2001-11-19 · resigned 2019-02-24
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-11-19 · resigned 2001-11-19
Resigned
MYLES, Peter→
director · ~71y · appointed 2001-11-19 · resigned 2019-02-24
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2001-11-19 · resigned 2001-11-19
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/12/200131/12/2013

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-24
capital-cancellation-shares
capital · SH06
2021-10-22
capital-return-purchase-own-shares
capital · SH03
2021-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-02