MILLER BIOFUELS LIMITED

🌳Matureactive
SC478674 · ltd · incorporated 2014-05-29
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£753.4k
book net assets
Opportunity
79/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -76% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £753,417
Cash draining
Cash down 76% YoY
Cash YoY
-76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£22k
↓ 76% YoY
Net Worth
£753k
↑ 70% YoY
Current Assets
£649k
↑ 5.4% YoY
Current Liabilities
—
£0£151k£301k£452k£603k£753kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£1.12M£888.1k
Current assets£649.3k£616.2k
Cash£22.2k£93.7k
Debtors£560.4k£464.9k
Net assets£753.4k£442.7k

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 (21 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-03-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-07-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-07-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-06-16
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  15. 2014-09-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2014-09-16
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  17. 2014-05-29
    🏢
    Company incorporated
    As MILLER BIOFUELS LIMITED
  18. 2014-05-29
    ➕
    MILLER, Alan Struthers appointed
    director
  19. 2014-05-29
    ➕
    MILLER, Mary Mclatchie appointed
    director
  20. 2014-05-29
    ➕
    MILLER, William Struthers appointed
    director
  21. 2014-05-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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
  • +Founder name in company name: Company name contains director surname "MILLER" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • 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
Mr William Struthers Miller
Individual · British · DOB 11/1988 · age 38
——sig. influencesignificant influence01/06/2016

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 →

Similar companies

Active · Trade services · PA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CITY GATE CONSTRUCTION (SCOTLAND) LIMITED→
SC244614 · est 2003
£12.48M
£9.36M–£15.60M
——19423y8863y
BRAID GROUP (HOLDINGS) LIMITED→
SC299361 · est 2006
£2.98M
£2.24M–£3.73M
——20020y9359y
IMPERIAL LAUNDRY LIMITED→
SC466704 · est 2014
£86.3k
£64.7k–£107.8k
£126.9k—10012y9466y
GLENGARRY AND DISTRICT COMMUNITY ASSOCIATION→
SC267949 · est 2004 · no financials extracted
————21y8390y
MOBILE GRITTING SERVICES LIMITED→
SC378297 · est 2010
——£701.6k—15y8361y
RIVERSIDE INVERCLYDE (PROPERTY HOLDINGS) LIMITED→
SC331360 · est 2007 · no financials extracted
————18y8368y
SALON ALTERNATIVES LTD.→
SC367809 · est 2009
——£483.9k—16y8369y
STERLING HYDROKLEAR LIMITED→
SC321932 · est 2007
———019y8381y
ARDORAN MARINE LIMITED→
SC290011 · est 2005
——£455.9k—20y8279y
CUT AND DRY (RENFREW) LIMITED→
SC080545 · est 1982
——£27.6k—43y8274y
EXCEL ENVIRONMENTAL SERVICES LTD.→
SC292026 · est 2005
——£176.8k—20y8264y
GLYCOMAR LIMITED→
SC279835 · est 2005
———121y8279y
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
Incorporated2014-05-29
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

Weels Farm
Kaim Road
Lochwinnoch
Renfrewshire
PA12 4LD

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-12
Last: 2025-05-29

Officers (3 active · 0 resigned)

MILLER, Alan Struthers→
director · ~67y · appointed 2014-05-29
View their other companies + combined net worth →
Active
MILLER, Mary Mclatchie→
director · ~66y · appointed 2014-05-29
View their other companies + combined net worth →
Active
MILLER, William Struthers→
director · ~38y · appointed 2014-05-29
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—16/09/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-18