EVOLVE JOINERY LTD
🌿Early-stageactive
SC770795 · ltd · incorporated 2023-05-26
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£45.2k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 71/100 (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 (58/100).
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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £45,232
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£45k
↑ 329% YoY
Current Assets
£67k
↑ 422% 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 | £79.6k | £10.5k |
| Current assets | £66.7k | £12.8k |
| Net assets | £45.2k | £10.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2026-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-08-28➖MILLIGAN, Nicola resigneddirector
- 2025-08-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-08-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-14➕MILLIGAN, Allan William appointeddirector
- 2025-07-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-23📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2025-04-23📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-04-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-01-11➕MILLIGAN, Nicola appointeddirector
- 2024-01-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-26🏢Company incorporatedAs EVOLVE JOINERY LTD
- 2023-05-26➕FERGUSON, Christopher appointeddirector
- 2023-05-26📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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.
- +Young company: Only 2.9 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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 Allan William Milligan Individual · British · DOB 05/1978 · age 48 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 11/08/2025 |
2 historic (ceased) PSCs
- Mrs Nicola Milliganceased 11/08/2025· 50-75% shares
- Mr Christopher Fergusonceased 11/01/2024· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ELMES TESTING LTD→ SC464687 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ENGAGE BUILDING SOLUTIONS LTD→ SC603626 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| EXTRAORDINARY SHOW HOMES LTD→ SC809559 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FAM ELECTRICAL LTD→ SC879484 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FARN DEVELOPMENT SERVICES LTD→ SC809804 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FAT GROUP HOLDINGS LTD→ SC868662 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FAULDS GAS SERVICES LTD→ SC711719 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FLEXIFIT FLOORS LTD→ SC873023 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FLOBOB HAULAGE LTD→ SC847845 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FLOW VENT LTD→ SC646409 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FLOWTECH ENVIRO LTD→ SC304285 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| FM MULTITRADE CONTRACTS LTD→ SC835587 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2023-05-26
Jurisdictionscotland
Primary SIC43320 — Joinery installation
Registered office
Unit 22, Mossedge Industrial Estate Moss Road
Linwood
Paisley
PA3 3HR
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12
Officers (2 active · 1 resigned)
FERGUSON, Christopher→
Activedirector · ~40y · appointed 2023-05-26
View their other companies + combined net worth →
MILLIGAN, Allan William→
Activedirector · ~48y · appointed 2025-07-14
View their other companies + combined net worth →
MILLIGAN, Nicola→
Resigneddirector · ~46y · appointed 2024-01-11 · resigned 2025-08-28
Click a director name to see their full track record across all companies.
Recent filings (16 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-25
termination-director-company-with-name-termination-date
officers · TM01
2025-08-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-12
appoint-person-director-company-with-name-date
officers · AP01
2025-07-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-30
change-to-a-person-with-significant-control-without-name-date
persons-with-significant-control · PSC04
2025-04-23
change-person-director-company-with-change-date
officers · CH01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-29
appoint-person-director-company-with-name-date
officers · AP01
2024-01-11