HMAC LTD
🌳Matureactive
SC464545 · ltd · incorporated 2013-11-26
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 7.8y old — refinance window within 12 months
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£2.5k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 7.8y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 7.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
1 charges (1/1 with lender, 1/1 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
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 102Positive net assets
Net assets £2,531
Net assets shrinking
Down £447 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
Net Worth
£3k
↓ 15% YoY
Current Assets
£30k
↑ 445% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £15.9k | £27.0k |
| Current assets | £30.4k | £5.6k |
| Cash | £5.7k | — |
| Debtors | £20.1k | £1.3k |
| Net assets | £2.5k | £3.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-05-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-01➕MCMILLAN, Aileen appointeddirector
- 2024-03-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-09-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-09-13🔒Charge registered #1Lender: Bank of Scotland PLC
- 2017-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-29📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2015-12-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-09📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-11-26🏢Company incorporatedAs HMAC LTD
- 2013-11-26➕MCMILLAN, Hamilton Matthews appointeddirector
Owner dependency
79/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
29/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — MCMILLAN, Aileen (same surname) appointed 2024-04-01. Pattern consistent with intra-family handover.
- 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.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Hamilton Mcmillan Individual · British · DOB 07/1963 · age 63 | 50–75% | — | 50-75% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SIMPSINNS LIMITED→ SC220884 · est 2001 | £4.78M £3.58M–£5.97M | — | — | 255 | 24y | 85 | 64y |
| WESTERN HOUSE CATERING LIMITED→ SC269741 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 79y |
| AUNTIE PATS BOARDING KENNELS LTD→ SC355802 · est 2009 | — | — | — | 2 | 17y | 82 | 59y |
| BRIG O'DOON LIMITED→ SC187703 · est 1998 | — | — | — | 0 | 27y | 82 | 74y |
| CLOWANCE HOLDINGS LIMITED→ SC132922 · est 1991 | — | — | £2.73M | — | 34y | 82 | 71y |
| COSTLEY INNS & WINE BARS LIMITED→ SC168509 · est 1996 | — | — | — | 0 | 29y | 82 | 74y |
| D.J. DUNABIE (CARAVANS) LIMITED→ SC048808 · est 1971 | — | — | — | 3 | 55y | 82 | 81y |
| FERGUSSON LEISURE LIMITED→ SC181660 · est 1997 | — | — | — | 2 | 28y | 82 | 59y |
| HIGHGROVE HOUSE HOTEL LTD→ SC282087 · est 2005 | — | — | — | 0 | 21y | 82 | 74y |
| INVERCLOY LIMITED→ SC225106 · est 2001 | — | — | £13.1k | — | 24y | 82 | 76y |
| LAGG PROPERTIES LTD→ SC260057 · est 2003 | — | — | £75.9k | — | 22y | 82 | 58y |
| LOCHGREEN HOUSE HOTEL LTD→ SC245372 · est 2003 | — | — | — | 0 | 23y | 82 | 74y |
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
Incorporated2013-11-26
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
5 Miller Road
Ayr
Ayrshire
KA7 2AX
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26
Officers (2 active · 0 resigned)
MCMILLAN, Aileen→
Activedirector · ~52y · appointed 2024-04-01
View their other companies + combined net worth →
MCMILLAN, Hamilton Matthews→
Activedirector · ~63y · appointed 2013-11-26
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 13/09/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (27 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-19
appoint-person-director-company-with-name-date
officers · AP01
2024-05-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-30