DRYSDALES MILNATHORT LIMITED

🌳Matureactive
SC421251 · ltd · incorporated 2012-04-05
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£290.2k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 16290
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 13.6y

85/100
ready

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

  • · Oldest live charge is 13.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £290,239

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£290k
↑ 11% YoY
Current Assets
£45k
↑ 33% YoY
Current Liabilities
—
£0£58k£116k£174k£232k£290kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£290.2k£261.6k
Current assets£45.4k£34.1k
Net assets£290.2k£261.6k

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

Recent activity

Last 30 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
4
filings
  • • 2 confirmation-statement
  • • 1 accounts
  • • 1 address
Last 180 days
4
filings
  • • 2 confirmation-statement
  • • 1 accounts
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-03-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-01-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-02-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2020-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-02-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2019-01-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2019-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-07-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2018-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-07-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2015-08-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  18. 2012-09-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2012-04-05
    🏢
    Company incorporated
    As DRYSDALES MILNATHORT LIMITED
  20. 2012-04-05
    ➕
    DRYSDALE, Mark appointed
    director
  21. 2012-04-05
    ➕
    DRYSDALE, Sallyann appointed
    director

Owner dependency

86/100
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 "DRYSDALE" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • 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
Mrs Sally Ann Drysdale
Individual · Scottish · DOB 10/1975 · age 51
——sig. influencesignificant influence · trust interest · firm interest04/07/2018

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

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.

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Company details

Statusactive
Typeltd
Incorporated2012-04-05
Jurisdictionscotland
Primary SIC16290 — SIC 16290

Registered office

Capital Square
58 Morrison Street
Edinburgh
EH3 8BP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (2 active · 0 resigned)

DRYSDALE, Mark→
director · ~57y · appointed 2012-04-05
View their other companies + combined net worth →
Active
DRYSDALE, Sallyann→
director · ~51y · appointed 2012-04-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/08/2015—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property03/09/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19