MILNBANK LIMITED

🌳Matureactive

SC257927 · ltd · incorporated 2003-10-21

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). 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

10 live charges · 3 lenders · oldest 22.4y

35/100

too messy

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

· Oldest live charge is 22.4 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

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

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

83 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	1600	1600

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

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2025-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-15
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-05-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-19
🔒
Charge registered #10
Lender: Bank of Scotland PLC
2022-01-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2021-11-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-04-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-04
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2020-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-17
🔓
Charge satisfied #7
2019-10-17
🔓
Charge satisfied #6
2019-10-17
🔓
Charge satisfied #5
2019-10-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-10-07
🔒
Charge registered #9
Lender: Bank of Scotland PLC
2019-10-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-09-26
🔒
Charge registered #8
Lender: Bank of Scotland PLC
2019-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2012-05-03
➖
OGILVIE, Graham Robert resigned
director
2010-12-30
🔓
Charge satisfied #4
2010-12-30
🔓
Charge satisfied #3
2010-12-30
🔓
Charge satisfied #2
2010-12-09
🔒
Charge registered #7
Lender: Santander UK PLC
2010-12-09
🔒
Charge registered #6
Lender: Santander UK PLC
2010-12-06
🔓
Charge satisfied #1
2010-11-26
🔒
Charge registered #5
Lender: Santander UK PLC
2010-10-15
➕
OGILVIE, Graham Robert appointed
director
2004-04-21
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2004-04-21
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2004-04-21
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2003-12-04
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-10-21
🏢
Company incorporated
As MILNBANK LIMITED
2003-10-21
➕
BANKS, Anthony Roiall appointed
secretary
2003-10-21
➕
BANKS, Anthony Roiall appointed
director
2003-10-21
➕
MILNE, William James appointed
director
2003-10-21
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2003-10-21
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

83/100

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 65 — succession pressure is live.

Succession & seller-readiness

86/100

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.
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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr William Milne Individual · British · DOB 06/1961 · age 65	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mr Anthony Roiall Banks Individual · British · DOB 10/1961 · age 65	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

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 →

Similar companies

Active · Construction · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SCAN BUILDING SERVICES LIMITED→ SC072076 · est 1980 · no financials extracted	—	—	—	—	45y	—	—
SSN FULL SYSTEM LTD→ SC838824 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
STEEL WIZARD FABRICATION LTD→ SC780999 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
STEWART CEMENT WORK LTD→ SC881488 · est 2026 · no financials extracted	—	—	—	—	—	—	—
STRATH DECORATORS LIMITED→ SC303046 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
SUPERCOLOUR LTD→ SC560333 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
T B JOINERY LIMITED→ SC267642 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
TAYSAT DUNDEE LTD→ SC840584 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
TAYSIDE ELECTRICAL SERVICES LTD→ SC825166 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
TAYSIDE GARAGE DOORS LIMITED→ SC270030 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
TAYSIDE GAS SERVICES LTD→ SC700417 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
TAYSIDE HOME REPAIR GROUP LTD→ SC855677 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2003-10-21

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Unit 5 Station Place

Forfar

Angus

DD8 3TB

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-23

Last: 2025-09-09

Officers (3 active · 2 resigned)

BANKS, Anthony Roiall→

secretary · appointed 2003-10-21

View their other companies + combined net worth →

Active

BANKS, Anthony Roiall→

director · ~65y · appointed 2003-10-21

View their other companies + combined net worth →

Active

MILNE, William James→

director · ~65y · appointed 2003-10-21

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2003-10-21 · resigned 2003-10-21

Resigned

OGILVIE, Graham Robert→

director · ~54y · appointed 2010-10-15 · resigned 2012-05-03

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	19/05/2022	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	07/10/2019	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	26/09/2019	—
satisfied	Santander Santander UK PLC	Standard security	1 property	09/12/2010	17/10/2019
satisfied	Santander Santander UK PLC	Standard security	1 property	09/12/2010	17/10/2019
satisfied	Santander Santander UK PLC	Floating charge	1 property	26/11/2010	17/10/2019
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	21/04/2004	30/12/2010
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	21/04/2004	30/12/2010
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	21/04/2004	30/12/2010
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	04/12/2003	06/12/2010

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-15

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-10-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-10-21

change-account-reference-date-company-previous-shortened

accounts · AA01

2022-07-15

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-05-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-01-25

change-person-director-company-with-change-date

officers · CH01

2021-11-04

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2021-11-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-10-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-04-21