W MCMILLAN FOODS LTD

💤Zombieactive
SC606547 · ltd · incorporated 2018-08-29
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
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Processing and preserving of meat
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10130SIC 10130
  • 10850Manufacture of prepared meals and dishes
  • 10890SIC 10890
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.5y

30/100
under pressure

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

  • · Oldest live charge is 6.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
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
2 connected companies via shared directors
51
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees13001200

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-08-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-08-07
    🔓
    Charge satisfied #2
  3. 2025-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-04-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2019-12-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-12-10
    🔒
    Charge registered #2
    Lender: Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P.
  12. 2019-12-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2019-12-05
    🔓
    Charge satisfied #1
  14. 2019-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2019-11-20
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  16. 2019-01-28
    📄
    capital-allotment-shares
    capital · SH01
  17. 2018-12-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2018-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2018-08-29
    🏢
    Company incorporated
    As W MCMILLAN FOODS LTD
  21. 2018-08-29
    ➕
    MITCHELL, Peter Brian appointed
    director
  22. 2018-08-29
    📄
    incorporation-company
    incorporation · NEWINC

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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Peter Brian Mitchell
Individual · British · DOB 06/1987 · age 39
75–100%
75–100%board control75-100% shares · 75-100% voting · board control29/08/2018

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 · Food & drink · KY postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
R.T. STUART LIMITED→
SC021805 · est 1941
£5.39M
£3.97M–£6.81M
——1610084y8476y
KETTLE PRODUCE LIMITED→
SC097725 · est 1986
£4.91M
£3.62M–£6.20M
——9870040y8365y
ALLSON SPARKLE LIMITED→
SC089716 · est 1984
£4.75M
£3.50M–£6.00M
£14.81M—560041y8560y
INNOVATE FOODS LIMITED→
SC116286 · est 1989
£4.34M
£3.20M–£5.48M
£26.99M—1090037y7965y
BELLA & DUKE LIMITED→
SC547789 · est 2016
£447.4k
£329.6k–£565.1k
——1349y8367y
WILLIAM STEPHEN (BAKERS) LIMITED→
SC032964 · est 1958 · no financials extracted
————68y8363y
SE WATSON CONSULTING LIMITED→
SC301608 · est 2006
———20020y8059y
W.F. IRVINE & COMPANY LIMITED→
SC035480 · est 1960
——£150.1k—65y8074y
GFJK LTD→
SC423364 · est 2012
——£334—14y7966y
R.T. STUART BAKERS LIMITED→
SC568235 · est 2017
———6008y7976y
ST ANDREWS BREWING COMPANY HOLDINGS LIMITED→
SC506928 · est 2015
————10y7980y
THE DISTILLERS' ART LIMITED→
SC632756 · est 2019
———1006y7972y
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
Incorporated2018-08-29
Jurisdictionscotland
Primary SIC10110 — Processing and preserving of meat

Registered office

Unit 20 & 21 Fife Food Centre
Faraday Road
Glenrothes
Fife
KY6 2RU
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-05-18
Last: 2026-05-04

Officers (1 active · 0 resigned)

MITCHELL, Peter Brian→
director · ~39y · appointed 2018-08-29
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P.
A registered charge—10/12/201907/08/2025
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—20/11/201905/12/2019

Recent filings (25 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-29
change-account-reference-date-company-previous-extended
accounts · AA01
2020-04-29