MILLAR ELECTRICS HOLDINGS LIMITED

🌿Early-stageactive

SC727245 · ltd · incorporated 2022-03-23

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 3.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 3.8y

75/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Charge age ~3.8 years — mid-life; refi window approaching.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (7 active, 7 linked, 7 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

26 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31
Average employees	700	700

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-06-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-18
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-11-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-19
📄
capital-allotment-shares
capital · SH01
2022-07-19
📄
memorandum-articles
incorporation · MA
2022-07-19
📄
resolution
resolution · RESOLUTIONS
2022-07-19
📄
resolution
resolution · RESOLUTIONS
2022-07-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-06
➕
MCCREADIE, Elizabeth Burns appointed
director
2022-07-06
➕
MCHUGH, Tom appointed
director
2022-07-06
➕
MILLAR, James Smith appointed
director
2022-07-06
🔒
Charge registered #1
Lender: James Smith Millar
2022-04-19
📄
legacy
miscellaneous · RPCH01
2022-03-23
🏢
Company incorporated
As MILLAR ELECTRICS HOLDINGS LIMITED
2022-03-23
➕
MITCHELL, Scott William appointed
director
2022-03-23
➕
MUIR, Craig Allan appointed
director
2022-03-23
➕
NIVEN, Ross appointed
director
2022-03-23
➕
WHITEFORD, Andrew James appointed
director

Owner dependency

70/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "MILLAR" — strong identity link between founder and business.
+Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Craig Allan Muir Individual · British · DOB 08/1982 · age 44	25–50%	25–50%	25-50% shares · 25-50% voting	23/03/2022

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 · Holding company · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KL HOLDINGS LIMITED→ SC147187 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
LEGAL LOOP LIMITED→ SC666291 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
LUNALOVE HOLDINGS LTD→ SC860101 · est 2025 · no financials extracted	—	—	—	—	—	—	—
MPS HOLDINGS GLASGOW LIMITED→ SC848460 · est 2025 · no financials extracted	—	—	—	—	—	—	—
OCEAN ROCK HOLDINGS LIMITED→ SC780666 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
OMT UK (HOLDINGS) LIMITED→ SC708783 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
PLANTEK HOLDINGS LIMITED→ SC484485 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
PRECISION TOOLING AND CASTINGS TRUSTEES LIMITED→ SC839949 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
PROJECT JUTE LIMITED→ SC845544 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
PURCELL HOLIDAY AND LEISURE GROUP LTD→ SC666084 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
PWM 2023 LTD→ SC762551 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
QUBITFOUNDRY LTD→ SC863798 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2022-03-23

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

No.1 Borland Farm

Dumfries Road

Cumnock

KA18 4PQ

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-06-09

Last: 2025-05-26