MACMILLAN PROPERTIES LTD

🌳Matureactive
SC273715 · ltd · incorporated 2004-09-22
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.6y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£4.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.6y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 21.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 · accounting standard not declared
Positive net assets
Net assets £4,824

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£5k
~ YoY
Current Assets
£5k
Current Liabilities
—
£0£965£2k£3k£4k£5kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£4.8k£99.7k
Current assets£4.8k—
Net assets£4.8k£4.8k

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 (26 events)Click to expand
  1. 2025-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-09-13
    🔓
    Charge satisfied #2
  5. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-11-26
    🔓
    Charge satisfied #1
  9. 2021-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-07-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2018-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-01-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2005-02-07
    🔒
    Charge registered #2
    Lender: Bank of Scotland
  20. 2004-11-26
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 2004-09-22
    🏢
    Company incorporated
    As MACMILLAN PROPERTIES LTD
  22. 2004-09-22
    ➕
    MACMILLAN, Murdo Alexander appointed
    secretary
  23. 2004-09-22
    ➕
    MACMILLAN, Mairi appointed
    director
  24. 2004-09-22
    ➕
    MACMILLAN, Murdo Alexander appointed
    director
  25. 2004-09-22
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2004-09-22
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

100/100
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 "MACMILLAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — 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 74 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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 Mairi Macmillan
Individual · British · DOB 05/1955 · age 71
25–50%
—25-50% shares22/09/2016
Mr Murdo Alexander Macmillan
Individual · British · DOB 07/1952 · age 74
25–50%
—25-50% shares22/09/2016

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 →

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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
Incorporated2004-09-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

5 St Bean Court
Auchterarder
Perthshire
PH3 1QP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-06
Last: 2025-09-22

Officers (3 active · 1 resigned)

MACMILLAN, Murdo Alexander→
secretary · appointed 2004-09-22
View their other companies + combined net worth →
Active
MACMILLAN, Mairi→
director · ~71y · appointed 2004-09-22
View their other companies + combined net worth →
Active
MACMILLAN, Murdo Alexander→
director · ~74y · appointed 2004-09-22
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-09-22 · resigned 2004-09-22
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland
Standard security1 property07/02/200513/09/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property26/11/200426/11/2021

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-27
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-26