MELVILLE INDEPENDENT PLC

📉Decliningactive
SC398240 · plc · incorporated 2011-04-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (88/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
8 officers (4 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
60 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £176,300

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
Profit before tax£176.3k£268.7k
Average employees23002300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 (31 events)Click to expand
  1. 2025-05-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-05-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-06-30
    ➖
    MILNE, Raymond John resigned
    director
  5. 2023-06-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-12-02
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2022-09-27
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2022-09-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-09-15
    ➕
    MCKENZIE, Barry appointed
    director
  10. 2022-09-14
    📄
    memorandum-articles
    incorporation · MA
  11. 2022-09-08
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2022-09-08
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2022-05-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2021-06-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2021-06-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2021-06-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2021-06-21
    ➖
    KERR, John Alexander resigned
    director
  18. 2021-04-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2021-03-03
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  20. 2021-03-01
    ➕
    IRVINE, Matthew Yuill appointed
    secretary
  21. 2021-01-18
    ➕
    IRVINE, Matthew Yuill appointed
    director
  22. 2021-01-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-01-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2021-01-15
    ➕
    BANKS, Kristofor Graham appointed
    director
  25. 2019-03-15
    ➖
    WJM SECRETARIES LIMITED resigned
    corporate-secretary
  26. 2017-07-05
    ➖
    KERR, Jill resigned
    director
  27. 2017-06-21
    ➕
    MILNE, Raymond John appointed
    director
  28. 2011-04-21
    🏢
    Company incorporated
    As MELVILLE INDEPENDENT PLC
  29. 2011-04-21
    ➕
    WJM SECRETARIES LIMITED appointed
    corporate-secretary
  30. 2011-04-21
    ➕
    KERR, Jill appointed
    director
  31. 2011-04-21
    ➕
    KERR, John Alexander appointed
    director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

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

Group structure

Miplc Holdings Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Miplc Holdings Limited
Corporate parent · holds 50-75% shares
majority
⬇
MELVILLE INDEPENDENT PLC
This company · SC398240

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Miplc Holdings Limited
Corporate entity
50–75%
—50-75% shares21/06/2021
1 historic (ceased) PSC
  • Mr John Alexander Kerrceased 21/06/2021· significant influence · trust interest

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
Typeplc
Incorporated2011-04-21
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

10 Melville Street
Edinburgh
EH3 7NS
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-10
Last: 2025-09-26

Officers (4 active · 4 resigned)

IRVINE, Matthew Yuill→
secretary · appointed 2021-03-01
View their other companies + combined net worth →
Active
BANKS, Kristofor Graham→
director · ~44y · appointed 2021-01-15
View their other companies + combined net worth →
Active
IRVINE, Matthew Yuill→
director · ~34y · appointed 2021-01-18
View their other companies + combined net worth →
Active
MCKENZIE, Barry→
director · ~48y · appointed 2022-09-15
View their other companies + combined net worth →
Active
WJM SECRETARIES LIMITED→
corporate-secretary · appointed 2011-04-21 · resigned 2019-03-15
Resigned
KERR, Jill→
director · ~58y · appointed 2011-04-21 · resigned 2017-07-05
Resigned
KERR, John Alexander→
director · ~60y · appointed 2011-04-21 · resigned 2021-06-21
Resigned
MILNE, Raymond John→
director · ~64y · appointed 2017-06-21 · resigned 2023-06-30
Resigned

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

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-26
accounts-with-accounts-type-full
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-26
accounts-with-accounts-type-full
accounts · AA
2024-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-27
termination-director-company-with-name-termination-date
officers · TM01
2023-07-03
accounts-with-accounts-type-full
accounts · AA
2023-06-29
capital-name-of-class-of-shares
capital · SH08
2022-12-02
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-26
appoint-person-director-company-with-name-date
officers · AP01
2022-09-26
memorandum-articles
incorporation · MA
2022-09-14
capital-name-of-class-of-shares
capital · SH08
2022-09-08
resolution
resolution · RESOLUTIONS
2022-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-06