DAVID MILLAR & SONS INTERIOR AND EXTERIOR PAINTERS & DECORATORS LTD

🌿Early-stageactive
SC773387 · ltd · incorporated 2023-06-21
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Painting
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 50/100. 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 (53/100).

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (7 events)Click to expand
  1. 2025-07-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-05-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-09-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-09-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-06-21
    🏢
    Company incorporated
    As DAVID MILLAR & SONS INTERIOR AND EXTERIOR PAINTERS & DECORATORS LTD
  6. 2023-06-21
    MILLAR, David appointed
    director
  7. 2023-06-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "MILLAR" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Young company: Only 2.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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: 2025-03-21

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Millar
Individual · British · DOB 12/1962 · age 64
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/06/2023

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

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

Statusactive
Typeltd
Incorporated2023-06-21
Jurisdictionscotland
Primary SIC43341 — Painting

Registered office

44b Stevenson Drive
Edinburgh
EH11 3DJ
Scotland

Filing status

Accounts
Next due: 2025-03-21OVERDUE
Last made up to:
Confirmation statement
Next due: 2026-07-04
Last: 2025-06-20

Officers (1 active · 0 resigned)

MILLAR, David
director · ~64y · appointed 2023-06-21
View their other companies + combined net worth →
Active

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

Recent filings (7 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-14
gazette-notice-compulsory
gazette · GAZ1
2025-05-20
gazette-filings-brought-up-to-date
gazette · DISS40
2024-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
gazette-notice-compulsory
gazette · GAZ1
2024-09-10
incorporation-company
incorporation · NEWINC
2023-06-21