MILLAR MARINE SERVICES LTD
- 43210Electrical installation
- 50100SIC 50100
- 71122Engineering related scientific and technical consulting activities
Opportunity 71/100 (strong), bankability 75/100. 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).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (8 events)Click to expand
- 2025-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-02📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-19🏢Company incorporatedAs MILLAR MARINE SERVICES LTD
- 2020-02-19➕MILLAR, Barry John appointeddirector
- 2020-02-19📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MILLAR" — strong identity link between founder and business.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Barry John Millar Individual · British · DOB 04/1981 · age 45 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/02/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Manufacturing · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LOCHVIEW PHARM LTD.→ SC372375 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| MAXWELL JOINERY SERVICES LTD→ SC696826 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MCLAREN PACKAGING LIMITED→ SC769176 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MCLUCKIE ENGINEERING LIMITED→ SC040772 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| MCNAUGHT 1888 LTD→ SC744467 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MOORFIELD POWER AND GENERATION LIMITED→ SC329994 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MORO NLEYO LTD→ SC853951 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MORRISON & MACDONALD (HOLDINGS) LIMITED→ SC063505 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| MP GREEN ENERGY SOLUTIONS LTD→ SC746109 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MPJ E&I LIMITED→ SC654988 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MPS COMMERCIAL REPAIR LTD→ SC839546 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MR ASSOCIATES (GB) LIMITED→ SC376014 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.