MILLGLEN ASSOCIATES LIMITED

💤Zombieactive
SC301824 · ltd · incorporated 2006-05-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£100
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 74909Other professional, scientific and technical activities n.e.c.
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (68/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
58 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
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £100
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£100
~ YoY
Net Worth
£100
~ YoY
Current Assets
£100
~ YoY
Current Liabilities
—
£0£20£40£60£80£100May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£100£100
Current assets£100£100
Cash£100£100
Net assets£100£100

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-02-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-08-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-02-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-08-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-08-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-07-27
    ➕
    JOHANNA SALOME STANFORD, Magrietha appointed
    director
  8. 2023-07-27
    ➖
    MORRISON, Kenneth resigned
    director
  9. 2023-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-02-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-05-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2020-08-31
    ➕
    MORRISON, Kenneth appointed
    director
  13. 2020-08-31
    ➖
    WALTERS, Maurice resigned
    director
  14. 2020-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-08-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2019-02-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-02-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2017-07-03
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  21. 2017-05-05
    ➖
    AXIANO COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 2006-05-30
    ➕
    WALTERS, Maurice appointed
    director
  23. 2006-05-30
    ➖
    AXIANO COMPANY DIRECTORS LTD resigned
    corporate-nominee-director
  24. 2006-05-05
    🏢
    Company incorporated
    As MILLGLEN ASSOCIATES LIMITED
  25. 2006-05-05
    ➕
    AXIANO COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2006-05-05
    ➕
    AXIANO COMPANY DIRECTORS LTD appointed
    corporate-nominee-director

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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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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
Incorporated2006-05-05
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

9a Tinto Place
Edinburgh
EH6 5GD
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-16
Last: 2025-08-02

Officers (1 active · 4 resigned)

JOHANNA SALOME STANFORD, Magrietha→
director · ~58y · appointed 2023-07-27
View their other companies + combined net worth →
Active
AXIANO COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-05-05 · resigned 2017-05-05
Resigned
MORRISON, Kenneth→
director · ~73y · appointed 2020-08-31 · resigned 2023-07-27
Resigned
WALTERS, Maurice→
director · ~72y · appointed 2006-05-30 · resigned 2020-08-31
Resigned
AXIANO COMPANY DIRECTORS LTD→
corporate-nominee-director · appointed 2006-05-05 · resigned 2006-05-30
Resigned

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

Recent filings (58 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-21
accounts-with-accounts-type-dormant
accounts · AA
2025-02-13
change-person-director-company-with-change-date
officers · CH01
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
accounts-with-accounts-type-dormant
accounts · AA
2024-02-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-02
termination-director-company-with-name-termination-date
officers · TM01
2023-08-02
appoint-person-director-company-with-name-date
officers · AP01
2023-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
accounts-with-accounts-type-dormant
accounts · AA
2023-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-dormant
accounts · AA
2022-02-23
accounts-with-accounts-type-dormant
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-26