CMI SCOTLAND LIMITED

💤Zombieactive
SC441862 · ltd · incorporated 2013-02-04
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
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Turnover
year to Feb 2024
Net worth
£28.0k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £27,989
Net assets shrinking
Down £24,483 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£28k
↓ 47% YoY
Current Assets
£78k
↓ 22% YoY
Current Liabilities
£0£20k£40k£59k£79k£99kFeb 2023Feb 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-02-282023-02-28
Total assets£77.0k£105.6k
Current assets£77.5k£99.0k
Net assets£28.0k£52.5k

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

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
2
filings
  • 1 gazette
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-02-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-02-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-11-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-06-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-02-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-02-04
    🏢
    Company incorporated
    As CMI SCOTLAND LIMITED
  17. 2013-02-04
    MILLAR, Clarke appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Clarke Millar
Individual · British · DOB 11/1974 · age 52
75100%
75-100% shares04/02/2017

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

9 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
Incorporated2013-02-04
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

Office 32 Office 32 Business Incubator
Myregormie Place
Kirkcaldy
KY1 3NA
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-02-28
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (1 active · 0 resigned)

MILLAR, Clarke
director · ~52y · appointed 2013-02-04
View their other companies + combined net worth →
Active

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

Recent filings (33 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-11
gazette-filings-brought-up-to-date
gazette · DISS40
2025-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-18
gazette-notice-compulsory
gazette · GAZ1
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-20