MILLEND GARAGE LTD.

🌳Matureactive

SC241212 · ltd · incorporated 2002-12-16

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 Jan 2026

Net worth

£27.7k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 45200

Sector: Wholesale & retail

Investor take

Pursue

Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -43% YoY — forensic review of receivables, stock turns, and creditor days. 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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

56 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £27,693

Net assets shrinking

Down £26,995 YoY

Cash draining

Cash down 43% YoY

Cash YoY

-43%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£29k

↓ 43% YoY

Net Worth

£28k

↓ 49% YoY

Current Assets

£29k

↓ 51% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-01-31	2025-01-31
Total assets	£27.7k	£54.7k
Current assets	£29.1k	£59.5k
Cash	£29.1k	£51.2k
Debtors	—	£7.8k
Net assets	£27.7k	£54.7k

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

filings

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-03-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-02-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-02-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2002-12-16
🏢
Company incorporated
As MILLEND GARAGE LTD.
2002-12-16
➕
SHEPHERD, Margaret appointed
secretary
2002-12-16
➕
SHEPHERD, James appointed
director
2002-12-16
➕
SHEPHERD, Margaret appointed
director
2002-12-16
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2002-12-16
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2002-12-16
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2002-12-16
➖
STEPHEN MABBOTT LTD. resigned
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 23 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

96/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

Name	Shares	Voting rights	Nature of control	Notified
Mr James Shepherd Individual · Scottish · DOB 06/1954 · age 72	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control · firm interest	06/04/2016
Mrs Margaret Shepherd Individual · Scottish · DOB 02/1953 · age 73	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest	06/04/2016

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

Similar companies

Active · Automotive · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CARNOUSTIE TYRES & MOT'S LIMITED→ SC546424 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
D. & A. FACTORS (DUNDEE) LIMITED→ SC065706 · est 1978 · no financials extracted	—	—	—	—	47y	—	—
G KIDD MOTORS LIMITED→ SC582428 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
KC AUTOS (ARBROATH) LTD→ SC652223 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
KGS MOTORS LIMITED→ SC456955 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
LKU LIMITED→ SC841848 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
LOTHIAN CAR PANELS UK LTD→ SC571115 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
MAITLAND AUTO CENTRE LIMITED→ SC839000 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MIDNIGHT TYRES LIMITED→ SC860336 · est 2025 · no financials extracted	—	—	—	—	—	—	—
MILNE & WILSON (BODYSHOP) LIMITED→ SC308271 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
MILNE TOWBARS AND TRAILERS LTD→ SC853125 · est 2025 · no financials extracted	—	—	—	—	—	—	—
MIREX AUTO PRECISION LTD→ SC845806 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2002-12-16

Jurisdictionscotland

Primary SIC45200 — SIC 45200

Registered office

Ladybank Bush

St. Cyrus

Montrose

Angus

DD10 0DH

Filing status

Accounts

Next due: 2027-10-31

Last made up to: 2026-01-31

Confirmation statement

Next due: 2026-12-30

Last: 2025-12-16

Officers (3 active · 2 resigned)

SHEPHERD, Margaret→

secretary · appointed 2002-12-16

View their other companies + combined net worth →

Active

SHEPHERD, James→

director · ~72y · appointed 2002-12-16

View their other companies + combined net worth →

Active

SHEPHERD, Margaret→

director · ~73y · appointed 2002-12-16

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2002-12-16 · resigned 2002-12-16

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2002-12-16 · resigned 2002-12-16

Resigned

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