ADAM MILLAR & SONS LTD.

🌳Matureactive
SC245027 · ltd · incorporated 2003-03-04
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£262.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 58). 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

4 live charges · 3 lenders · oldest 22.9y

35/100
too messy

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

  • · Oldest live charge is 22.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 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 · FRS 105 (micro)
Positive net assets
Net assets £262,749
Net assets shrinking
Down £8,291 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£263k
↓ 3.1% YoY
Current Assets
£102k
↓ 44% YoY
Current Liabilities
—
£0£54k£108k£163k£217k£271kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£285.1k£298.8k
Current assets£102.4k£183.1k
Net assets£262.7k£271.0k

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
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-01-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-12-31
    ➖
    MILLAR, Andrew resigned
    director
  3. 2025-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-06-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-12-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-07-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2015-06-17
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  18. 2015-02-13
    🔓
    Charge satisfied #2
  19. 2008-05-26
    ➕
    MILLAR, Andrew appointed
    director
  20. 2007-11-01
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Scotland PLC
  21. 2006-04-21
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  22. 2005-04-29
    ➕
    ROSS, Gail Elizabeth appointed
    director
  23. 2003-06-04
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  24. 2003-03-04
    🏢
    Company incorporated
    As ADAM MILLAR & SONS LTD.
  25. 2003-03-04
    ➕
    MILLAR, Linda appointed
    secretary
  26. 2003-03-04
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  27. 2003-03-04
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  28. 2003-03-04
    ➕
    MILLAR, Andrew appointed
    director
  29. 2003-03-04
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  30. 2003-03-04
    ➖
    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.
  • +Founder name in company name: Company name contains director surname "MILLAR" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

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 21 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
NameSharesVoting rightsNature of controlNotified
Mr Andrew Millar
Individual · British · DOB 12/1974 · age 52
25–50%
—25-50% shares09/02/2017
Ms Gail Elizabeth Ross
Individual · British · DOB 11/1968 · age 58
25–50%
—25-50% shares09/02/2017

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

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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
Incorporated2003-03-04
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

21 Forbes Place
Paisley
PA1 1UT
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09

Officers (3 active · 3 resigned)

MILLAR, Linda→
secretary · appointed 2003-03-04
View their other companies + combined net worth →
Active
MILLAR, Andrew→
director · ~52y · appointed 2008-05-26
View their other companies + combined net worth →
Active
ROSS, Gail Elizabeth→
director · ~58y · appointed 2005-04-29
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-03-04 · resigned 2003-03-04
Resigned
MILLAR, Andrew→
director · ~78y · appointed 2003-03-04 · resigned 2025-12-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-03-04 · resigned 2003-03-04
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property17/06/2015—
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property01/11/2007—
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property21/04/200613/02/2015
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property04/06/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-23
termination-director-company-with-name-termination-date
officers · TM01
2026-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-24