L & M KILMINSTER LIMITED

🌳Matureactive
SC274304 · ltd · incorporated 2004-10-06
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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 Jun 2025
Net worth
£358.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 19.8y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 19.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
66 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 102
Positive net assets
Net assets £358,496
Cash YoY
-35%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£173k
↓ 35% YoY
Net Worth
£358k
~ YoY
Current Assets
£213k
↓ 32% YoY
Current Liabilities
—
£0£72k£143k£215k£287k£358kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£518.9k£404.1k
Current assets£213.4k£311.6k
Cash£173.5k£267.9k
Net assets£358.5k£356.3k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-08-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-03-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-10-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-10-19
    ➖
    YOUR ACCOUNTS SQUARED LTD resigned
    corporate-secretary
  8. 2020-10-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2020-10-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-10-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-10-11
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  14. 2019-03-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-11-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2010-02-04
    🔒
    Charge registered #4
    Lender: Royal Bank of Scotland PLC
  18. 2009-02-23
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  19. 2009-02-23
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  20. 2006-09-13
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2006-06-20
    ➕
    KILMINSTER, Lorraine appointed
    director
  22. 2006-06-06
    ➖
    AG ACCOUNTING LTD resigned
    corporate-secretary
  23. 2006-06-06
    ➕
    YOUR ACCOUNTS SQUARED LTD appointed
    corporate-secretary
  24. 2004-10-06
    🏢
    Company incorporated
    As L & M KILMINSTER LIMITED
  25. 2004-10-06
    ➕
    KILMINSTER, Leslie appointed
    director
  26. 2004-10-06
    ➕
    KILMINSTER, Leslie Allan appointed
    director
  27. 2004-10-06
    ➕
    AG ACCOUNTING LTD appointed
    corporate-secretary

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "KILMINSTER" — 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 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 68. Approaching typical UK retirement age — succession thinking likely.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Leslie Kilminster
Individual · British · DOB 10/1978 · age 48
25–50%
—25-50% shares06/10/2016
Mr Leslie Allan Kilminster
Individual · British · DOB 06/1958 · age 68
——sig. influencesignificant influence06/10/2016
Lorraine Kilminster
Individual · British · DOB 05/1959 · age 67
——sig. influencesignificant influence06/10/2016

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

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
Incorporated2004-10-06
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

2 Marshall Place
Perth
Perthshire
PH2 8AH

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-20
Last: 2025-10-06

Officers (3 active · 2 resigned)

KILMINSTER, Leslie→
director · ~48y · appointed 2004-10-06
View their other companies + combined net worth →
Active
KILMINSTER, Leslie Allan→
director · ~68y · appointed 2004-10-06
View their other companies + combined net worth →
Active
KILMINSTER, Lorraine→
director · ~67y · appointed 2006-06-20
View their other companies + combined net worth →
Active
AG ACCOUNTING LTD→
corporate-secretary · appointed 2004-10-06 · resigned 2006-06-06
Resigned
YOUR ACCOUNTS SQUARED LTD→
corporate-secretary · appointed 2006-06-06 · resigned 2020-10-19
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property04/02/2010—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property23/02/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property23/02/2009—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property13/09/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-09
change-person-director-company-with-change-date
officers · CH01
2025-08-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19
termination-secretary-company-with-name-termination-date
officers · TM02
2020-10-19
change-person-director-company-with-change-date
officers · CH01
2020-10-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-10-19