JAMES LAMMOND LIMITED

🌳Matureactive
SC258479 · ltd · incorporated 2003-10-30
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 22.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 22.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees38004900

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
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2021-07-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-01-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-01-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-01-08
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2020-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-07-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-07-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-07-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2019-07-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2019-06-28
    ➕
    MCMILLAN, Kirstin appointed
    director
  20. 2019-06-28
    ➕
    MCMILLAN, Lisa appointed
    director
  21. 2019-01-28
    ➕
    MCMILLAN, Lisa appointed
    secretary
  22. 2019-01-28
    ➖
    MCMILLAN, Scott Thomas resigned
    secretary
  23. 2019-01-28
    ➖
    MCMILLAN, George Simpson resigned
    director
  24. 2004-01-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2003-10-30
    🏢
    Company incorporated
    As JAMES LAMMOND LIMITED
  26. 2003-10-30
    ➕
    MCMILLAN, Scott Thomas appointed
    director
  27. 2003-10-30
    ➕
    MCMILLAN, Scott Thomas appointed
    secretary
  28. 2003-10-30
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  29. 2003-10-30
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  30. 2003-10-30
    ➕
    MCMILLAN, George Simpson appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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
NameSharesVoting rightsNature of controlNotified
Mrs Lisa Mcmillan
Individual · British · DOB 05/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting28/06/2019
Mr Scott Thomas Mcmillan
Individual · British · DOB 05/1964 · age 62
—25–50%25-50% voting30/10/2016
1 historic (ceased) PSC
  • Mr George Simpson Mcmillanceased 27/05/2019· significant influence

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 →

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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
Incorporated2003-10-30
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

32 Market Street
Brechin
DD9 6BB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18

Officers (4 active · 3 resigned)

MCMILLAN, Lisa→
secretary · appointed 2019-01-28
View their other companies + combined net worth →
Active
MCMILLAN, Kirstin→
director · ~35y · appointed 2019-06-28
View their other companies + combined net worth →
Active
MCMILLAN, Lisa→
director · ~53y · appointed 2019-06-28
View their other companies + combined net worth →
Active
MCMILLAN, Scott Thomas→
director · ~62y · appointed 2003-10-30
View their other companies + combined net worth →
Active
MCMILLAN, Scott Thomas→
secretary · appointed 2003-10-30 · resigned 2019-01-28
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-10-30 · resigned 2003-10-30
Resigned
MCMILLAN, George Simpson→
director · ~64y · appointed 2003-10-30 · resigned 2019-01-28
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/01/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
change-person-director-company-with-change-date
officers · CH01
2021-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-01-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-01-08
change-person-director-company-with-change-date
officers · CH01
2021-01-08