MILLGATE PROPERTIES LIMITED

🌳Matureactive

SC478788 · ltd · incorporated 2014-05-29

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

£9.6k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (84/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (2 active, 5 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

19 connected companies via shared directors

Filing history

36 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £9,587

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£10k

↑ 4.8% YoY

Current Assets

£3k

↓ 13% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£9.6k	£9.2k
Current assets	£3.1k	£3.6k
Net assets	£9.6k	£9.2k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-05
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-02-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24
➕
CRUICKSHANK, Angus William appointed
director
2021-05-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-02-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-02-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-02-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-02-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-02-14
➕
MORRISON, James Ross appointed
director
2020-02-14
➖
SNAITH, Paul John resigned
director
2019-02-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-02-22
➖
CRUICKSHANK, Angus William resigned
director
2016-02-22
➖
SALE, Paul resigned
director
2015-09-14
➕
CRUICKSHANK, Angus William appointed
director
2015-09-14
➕
SALE, Paul appointed
director
2014-05-29
🏢
Company incorporated
As MILLGATE PROPERTIES LIMITED
2014-05-29
➕
SNAITH, Paul John appointed
director

Owner dependency

73/100

High — earn-out structure required

Material 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.
+Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

56/100

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.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Angus William Cruickshank Individual · British · DOB 09/1959 · age 67	25–50%	—	25-50% shares	05/04/2022
Mr James Ross Morrison Individual · Scottish · DOB 03/1966 · age 60	25–50%	—	25-50% shares	14/02/2020

1 historic (ceased) PSC

Mr Paul John Snaithceased 14/02/2020· 75-100% shares

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 · Property · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J & E NOMINEES LIMITED→ SC237007 · est 2002	£3.06M £2.60M–£3.52M	—	£3.06M	—	23y	83	66y
MNA (SCOTLAND) LIMITED→ SC283813 · est 2005	£637.9k £542.2k–£733.6k	—	£637.9k	—	21y	83	60y
STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983	£39.9k £33.9k–£45.9k	—	£39.9k	—	42y	83	79y
LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011	—	—	—	400	14y	84	74y
CKS PROPERTIES LIMITED→ SC295259 · est 2006	—	—	—	5	20y	83	67y
EAST OF SCOTLAND COLOUR PRINT LIMITED→ SC343575 · est 2008	—	—	—	4	17y	83	63y
H & H PROPERTIES (UK) LIMITED→ SC267997 · est 2004	—	—	—	2300	21y	83	73y
PANMURE NEWS LIMITED→ SC336255 · est 2008	—	—	—	0	18y	83	62y
RDA PROPERTIES LIMITED→ SC232593 · est 2002	—	—	—	0	23y	83	85y
UREKARMA PROPERTY GROUP LTD→ SC698887 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
WALKER CRAVEN HOMES LIMITED→ SC315031 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
WEST END OFFICE SUITES (DUNDEE) LTD→ SC717149 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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 SIC68100 — Buying and selling of own real estate

Registered office

16 Gordon Square

Dundee

DD3 6BY

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-12

Last: 2025-05-29

Officers (2 active · 3 resigned)

CRUICKSHANK, Angus William→

director · ~67y · appointed 2021-05-24

View their other companies + combined net worth →

Active

MORRISON, James Ross→

director · ~60y · appointed 2020-02-14

View their other companies + combined net worth →

Active

CRUICKSHANK, Angus William→

director · ~67y · appointed 2015-09-14 · resigned 2016-02-22

Resigned

SALE, Paul→

director · ~58y · appointed 2015-09-14 · resigned 2016-02-22

Resigned

SNAITH, Paul John→

director · ~45y · appointed 2014-05-29 · resigned 2020-02-14

Resigned

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

Recent filings (36 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-02-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-03

accounts-with-accounts-type-micro-entity

accounts · AA

2025-02-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-30

accounts-with-accounts-type-micro-entity

accounts · AA

2024-02-21

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-01

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-06-01

accounts-with-accounts-type-micro-entity

accounts · AA

2023-02-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-01

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2022-04-05

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2022-04-05

accounts-with-accounts-type-micro-entity

accounts · AA

2022-02-17

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-10

accounts-with-accounts-type-micro-entity

accounts · AA

2021-05-24

appoint-person-director-company-with-name-date

officers · AP01

2021-05-24