MIHAUS UK LIMITED

💤Zombieactive

SC504069 · ltd · incorporated 2015-04-23

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.

Why now

Window opening · high confidence

More negotiable than before — 4 signals weakening over the last 30 days.

· Hygiene score: 90 → 50
· Bankability: 75 → 55
· Deal-killer verdict: workable → complicated
· Opportunity score: 74 → 64

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 4 recent signals weakening vs 0 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

↓Deal-killer verdict: workable → complicated
↓Opportunity score: 74 → 64
↓Hygiene score: 90 → 50
↓Bankability: 75 → 55

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 Sept 2024

Net worth

£266.7k

book net assets

Opportunity

64/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Sector: Wholesale & retail

Investor take

Special-situation opportunity

Distressed retail with salvageable qualities — special-situations priority.

Opportunity 64/100 (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). Current lenders should be on monthly review.

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

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (1 active, 4 linked, 4 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

37 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £266,678

Very low cash

Cash position: £77

Net assets shrinking

Down £19,655 YoY

Cash draining

Cash down 100% YoY

Cash YoY

-100%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£77

↓ 100% YoY

Net Worth

£267k

↓ 6.9% YoY

Current Assets

£543k

↓ 23% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Total assets	£295.6k	£345.8k
Current assets	£543.4k	£707.5k
Cash	£77	£16.7k
Debtors	£454.6k	£542.8k
Net assets	£266.7k	£286.3k

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2025-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
➕
GILLIES, James Iain appointed
director
2025-04-01
➖
GILLIES, Iain Andrew resigned
director
2024-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-27
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2021-08-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-24
📄
gazette-notice-compulsory
gazette · GAZ1
2021-06-16
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-26
➖
MORREN, Andrew Gordon resigned
director
2019-04-26
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-04-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-06-12
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-03-14
📄
capital-allotment-shares
capital · SH01
2018-03-12
➕
GILLIES, Iain Andrew appointed
director
2015-05-01
➖
GILLIES, Iain Andrew resigned
director
2015-04-23
🏢
Company incorporated
As MIHAUS UK LIMITED
2015-04-23
➕
GILLIES, Iain Andrew appointed
director
2015-04-23
➕
MORREN, Andrew Gordon appointed
director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100

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.

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: 2026-06-30

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Iain Andrew Gillies Individual · Scottish · DOB 07/1965 · age 61	25–50%	—	25-50% shares	23/04/2017

1 historic (ceased) PSC

Mr Andrew Gordon Morrenceased 26/04/2019· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Active · Retail · KY postcode area

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GUYANA LIMITED→ SC216279 · est 2001	—	—	—	1600	25y	83	64y
JOHN & J H SANDS LIMITED→ SC056427 · est 1974	—	—	—	800	51y	83	68y
LINKS LICENSED GROCERS LTD.→ SC327527 · est 2007	—	—	—	1200	19y	83	63y
MICROSCOPY SUPPLIES & CONSULTANTS LIMITED→ SC139542 · est 1992	—	—	—	300	33y	83	79y
ANDREW HUTT LIMITED→ SC056671 · est 1974	—	—	—	100	51y	82	93y
BACCHUS (ST ANDREWS) LTD.→ SC251347 · est 2003	—	—	£184.8k	—	23y	82	66y
BOB MILLAR LIMITED→ SC168787 · est 1996	—	—	—	28	29y	82	59y
BRINNOR LIMITED→ SC353301 · est 2009	—	—	—	1100	17y	82	62y
CLASSIQUE FLOORING LIMITED→ SC144130 · est 1993	—	—	£611.3k	—	33y	82	71y
DEALS ON REELS LIMITED→ SC237443 · est 2002	—	—	£9.6k	—	23y	82	65y
DUNFERMLINE REPAIR CENTRE LTD.→ SC169402 · est 1996	—	—	£17.1k	—	29y	82	65y
GARDENS MOWERS AND TOOLS LIMITED→ SC348112 · est 2008	—	—	£401.0k	—	17y	82	69y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2015-04-23

Jurisdictionscotland

Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Unit 5, Suite 3 Lomond Business Park

Baltimore Road

Glenrothes

Fife

KY6 2PJ

Filing status

Accounts

Next due: 2026-06-30OVERDUE

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-02-26

Last: 2026-02-12

Officers (1 active · 3 resigned)

GILLIES, James Iain→

director · ~50y · appointed 2025-04-01

View their other companies + combined net worth →

Active

GILLIES, Iain Andrew→

director · ~61y · appointed 2018-03-12 · resigned 2025-04-01

Resigned

GILLIES, Iain Andrew→

director · ~61y · appointed 2015-04-23 · resigned 2015-05-01

Resigned

MORREN, Andrew Gordon→

director · ~63y · appointed 2015-04-23 · resigned 2019-04-26

Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-05-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-11-28

termination-director-company-with-name-termination-date

officers · TM01

2025-04-14

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

officers · AP01

2025-04-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-31

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-06-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-06-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-06

accounts-with-accounts-type-micro-entity

accounts · AA

2022-05-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-03

gazette-filings-brought-up-to-date

gazette · DISS40

2021-08-27

accounts-with-accounts-type-micro-entity

accounts · AA

2021-08-26

gazette-notice-compulsory

gazette · GAZ1

2021-08-24

change-person-director-company-with-change-date

officers · CH01

2021-06-16