P.P.I.G. LIMITED

🌳Matureactive
SC236790 · ltd · incorporated 2002-09-13
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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 Sept 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 33200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£41k£82k£122k£163k£204kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets—£118.9k£81.2k
Current assets—£203.9k£97.9k
Net assets—£101.7k£50.9k
Average employees3——

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 (22 events)Click to expand
  1. 2026-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-06-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-06-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-04-05
    ➖
    MACMILLAN, Fraser Ian resigned
    director
  10. 2020-09-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-09-16
    ➕
    MACMILLAN, Fraser Ian appointed
    director
  12. 2019-09-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2019-09-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-08-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2002-09-13
    🏢
    Company incorporated
    As P.P.I.G. LIMITED
  18. 2002-09-13
    ➕
    MACMILLAN, James Ian appointed
    secretary
  19. 2002-09-13
    ➕
    MACMILLAN, James Ian appointed
    director
  20. 2002-09-13
    ➕
    MACMILLAN, Shona Catriona appointed
    director
  21. 2002-09-13
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  22. 2002-09-13
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

84/100
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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +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
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Shona Catriona Macmillan
Individual · British · DOB 06/1968 · age 58
25–50%
—25-50% shares06/04/2016
Mr James Ian Macmillan
Individual · British · DOB 03/1968 · age 58
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Mr Fraser Ian Macmillanceased 05/04/2021· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Manufacturing · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
J & D PIERCE (CONTRACTS) LTD.→
SC174690 · est 1997
£47.51M
£36.95M–£58.07M
——4740029y8463y
VERACITY UK LIMITED→
SC291812 · est 2005
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——4620y8570y
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SC084590 · est 1983
£4.09M
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——2450042y8261y
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SC371408 · est 2010
£1.49M
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——6616y8262y
AEROFORMA TECHNOLOGIES (NORTH) LIMITED→
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———4736y8375y
ATLAS (SCOTLAND) LIMITED→
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——£583.3k—22y8366y
AYRSHIRE BLINDS LIMITED→
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——£199.3k—41y8381y
BOAT ELECTRICS & ELECTRONICS LIMITED→
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——£396.3k—47y8360y
BRODIE ENGINEERING LIMITED→
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———960030y8360y
CAPITAL STEEL LIMITED→
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——£1.45M—21y8370y
GIRARD INDUSTRIES EUROPE LIMITED→
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———7228y8366y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2002-09-13
Jurisdictionscotland
Primary SIC33200 — SIC 33200

Registered office

20 Newhaven Grove
Largs
Ayrshire
KA30 8NS

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-05-08
Last: 2026-04-24

Officers (3 active · 2 resigned)

MACMILLAN, James Ian→
secretary · appointed 2002-09-13
View their other companies + combined net worth →
Active
MACMILLAN, James Ian→
director · ~58y · appointed 2002-09-13
View their other companies + combined net worth →
Active
MACMILLAN, Shona Catriona→
director · ~58y · appointed 2002-09-13
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-09-13 · resigned 2002-09-13
Resigned
MACMILLAN, Fraser Ian→
director · ~29y · appointed 2019-09-16 · resigned 2021-04-05
Resigned

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

Recent filings (57 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-23
termination-director-company-with-name-termination-date
officers · TM01
2021-06-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-24