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.
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 Sept 2024
Net worth
£101.7k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 33200
Sector: Manufacturing
ALSO REGISTERED FOR
- 70229Management consultancy activities other than financial management
Investor take
PursueStrong opportunity: asset-holding vehicle 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: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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
55 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £101,650
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£102k
↑ 100% YoY
Current Assets
£204k
↑ 108% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £118.9k | £81.2k |
| Current assets | £203.9k | £97.9k |
| Net assets | £101.7k | £50.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (23 events)Click to expand
- 2025-06-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-04-05➖MACMILLAN, Fraser Ian resigneddirector
- 2020-09-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-16➕MACMILLAN, Fraser Ian appointeddirector
- 2019-09-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-09-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-07-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2002-09-13🏢Company incorporatedAs P.P.I.G. LIMITED
- 2002-09-13➕MACMILLAN, James Ian appointedsecretary
- 2002-09-13➕MACMILLAN, James Ian appointeddirector
- 2002-09-13➕MACMILLAN, Shona Catriona appointeddirector
- 2002-09-13➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2002-09-13➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
84/100
Critical — business is the founderThe 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 candidateStrong 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Shona Catriona Macmillan Individual · British · DOB 06/1968 · age 58 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr James Ian Macmillan Individual · British · DOB 03/1968 · age 58 | 25–50% | — | 25-50% shares | 06/04/2016 |
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.
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|---|---|---|---|---|---|---|---|
| IS459 CERAMICS LTD→ SC839879 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JNG DESIGNS LTD→ SC311107 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| NIMES AVIATION LTD→ SC853332 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PINEHURST VENTURES LTD→ SC690907 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| PLANET RENEWABLES LTD→ SC393371 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| POLE AVIATION LTD→ SC843436 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PREMIER POLYMER SOLUTIONS LTD→ SC868907 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PRESTWICK AIRCRAFT TOOLING LIMITED→ SC676659 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PROJECT MANUFACTURING (SCOTLAND) LTD.→ SC344499 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| RAVENSURE HEATING SERVICES LIMITED→ SC433671 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| RED ROCK INTERNATIONAL HOLDINGS LIMITED→ SC644796 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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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: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-08
Last: 2025-04-24
Officers (3 active · 2 resigned)
MACMILLAN, James Ian→
Activesecretary · appointed 2002-09-13
View their other companies + combined net worth →
MACMILLAN, James Ian→
Activedirector · ~58y · appointed 2002-09-13
View their other companies + combined net worth →
MACMILLAN, Shona Catriona→
Activedirector · ~58y · appointed 2002-09-13
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-09-13 · resigned 2002-09-13
MACMILLAN, Fraser Ian→
Resigneddirector · ~29y · appointed 2019-09-16 · resigned 2021-04-05
Click a director name to see their full track record across all companies.
Recent filings (55 total)
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
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-09-16