THE OLD SAWMILL LIMITED

🌳Matureactive
SC299306 · ltd · incorporated 2006-03-22
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£28.1k
book net assets
Opportunity
83/100
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
Property-backed borrower with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 63). 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 19.6y

65/100
clean up first

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

  • · Oldest live charge is 19.6 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 (76/100)

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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
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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £28,129

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£28k
Current Assets
—
Current Liabilities
—
£0£6k£11k£17k£23k£28kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£28.1k—
Net assets£28.1k—
Average employees—0

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2021-07-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-23
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2021-03-22
    📄
    administrative-restoration-company
    restoration · RT01
  14. 2018-05-22
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  15. 2018-03-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2017-04-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2017-04-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2006-10-26
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  19. 2006-03-22
    🏢
    Company incorporated
    As THE OLD SAWMILL LIMITED
  20. 2006-03-22
    ➕
    MILLER, Colin Roy appointed
    secretary
  21. 2006-03-22
    ➕
    HICKEY, Adrian David appointed
    director
  22. 2006-03-22
    ➕
    MILLER, Colin Roy appointed
    director
  23. 2006-03-22
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2006-03-22
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2006-03-22
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  26. 2006-03-22
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63. 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 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Adrian Hickey
Individual · British · DOB 08/1971 · age 55
——sig. influencesignificant influence05/04/2017

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

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
Incorporated2006-03-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Old Sawmill Gifford Road
East Saltoun
Tranent
East Lothian
EH34 5EQ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (3 active · 2 resigned)

MILLER, Colin Roy→
secretary · appointed 2006-03-22
View their other companies + combined net worth →
Active
HICKEY, Adrian David→
director · ~55y · appointed 2006-03-22
View their other companies + combined net worth →
Active
MILLER, Colin Roy→
director · ~63y · appointed 2006-03-22
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-03-22 · resigned 2006-03-22
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-03-22 · resigned 2006-03-22
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
Lloyds Tsb Scotland PLC
Standard security1 property26/10/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-13
gazette-notice-compulsory
gazette · GAZ1
2021-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23