LIGNUM (DUNDEE) LIMITED
🌳Matureactive
SC045453 · ltd · incorporated 1968-02-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 68.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
PursueDormant / non-trading with a 93-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (83/100, director aged 93). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 68.9y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 68.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2 | 200 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-04📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-09-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-10-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-09-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2002-01-28🔓Charge satisfied #4
- 2001-11-30➕MILNE, Keith William appointeddirector
- 2001-11-14➖MILNE, Thomas Russell resigneddirector
- 1987-06-19🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 1987-06-11🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1984-11-30🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1984-08-20🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1968-02-13🏢Company incorporatedAs LIGNUM (DUNDEE) LIMITED
- 1957-05-25🔒Charge registered #1Lender: Dundee Corporation
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 93 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 93 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 58 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Anne Milne Individual · British · DOB 09/1933 · age 93 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Holding company · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FEUDUTIES LIMITED→ SC053153 · est 1973 | — | — | — | — | 52y | 83 | 71y |
| SG LIVING SPACES LTD→ SC851681 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SK MCGUIRE HOLDINGS LIMITED→ SC799921 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| SUSAN CHUNG PROPERTY MANAGEMENT SERVICES LIMITED→ SC884440 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TAYBUS HOLDINGS LIMITED→ SC118811 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| THE LINCOLN BEAN COMPANY LIMITED→ SC248247 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| TTD LIMITED→ SC353509 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| UPPER DENS LANDSCAPING LIMITED→ SC205201 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| VERUS TRUSTEE COMPANY LIMITED→ SC764444 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| WATERSIDE COMMUNITY LIMITED→ SC277629 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| WE CARE FOR CHILDREN HOLDINGS LIMITED→ SC884340 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| WEST RANGA DEVELOPMENTS OPCO LIMITED→ SC758373 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1968-02-13
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
Chapelshade House
78-84 Bell Street
Dundee
Tayside
DD1 1HN
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12
Officers (3 active · 1 resigned)
Active
Active
MILNE, Keith William→
Activedirector · ~70y · appointed 2001-11-30
View their other companies + combined net worth →
MILNE, Thomas Russell→
Resigneddirector · ~98y · resigned 2001-11-14
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 19/06/1987 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 11/06/1987 | 28/01/2002 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/11/1984 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 20/08/1984 | — | |
| outstanding | Dundee Corporation | Bond & disposition in security | 1 property | 25/05/1957 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-16
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-10