MILLSTONE RESIDENTIAL LIMITED

🌿Early-stageactive
SC797878 · ltd · incorporated 2024-02-05
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2026
Net worth
£-5.2k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 70/100 (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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.7 years old — likely still in initial term.
  • · 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 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
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £5,237

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£5k
↓ 80% YoY
Current Assets
£996
↓ 11% YoY
Current Liabilities
-£5k-£4k-£3k-£1k-£147£1kFeb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2026-02-282025-02-28
Total assets£114.8k£117.1k
Current assets£996£1.1k
Net assets£-5.2k£-2.9k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
8
filings
  • 2 officers
  • 2 address
  • 2 persons-with-significant-control
Last 180 days
14
filings
  • 3 officers
  • 3 address
  • 3 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-04-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-03-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-03-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2026-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2026-01-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2026-01-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2026-01-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2026-01-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2026-01-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2026-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2024-08-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2024-08-22
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  16. 2024-02-05
    🏢
    Company incorporated
    As MILLSTONE RESIDENTIAL LIMITED
  17. 2024-02-05
    MILLS, Georgina Mcarthur appointed
    director
  18. 2024-02-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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 "MILLS" — strong identity link between founder and business.
  • +Young company: Only 2.3 years old — management layer unlikely to be developed.

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Georgina Mcarthur Mills
Individual · British · DOB 07/1981 · age 45
75100%
75–100%board control75-100% shares · 75-100% voting · board control05/02/2024

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 →

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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
Incorporated2024-02-05
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Clyde Offices 2nd Floor
48 West George Street
Glasgow
City Of Glasgow
G2 1BP
Scotland

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (1 active · 0 resigned)

MILLS, Georgina Mcarthur
director · ~45y · appointed 2024-02-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property22/08/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-16
change-person-director-company-with-change-date
officers · CH01
2026-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-20
change-person-director-company-with-change-date
officers · CH01
2026-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-17
change-person-director-company-with-change-date
officers · CH01
2026-01-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-27
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-07
gazette-notice-compulsory
gazette · GAZ1
2026-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12