MACMILLAN PRESERVATION LIMITED

💤Zombieactive

SC123252 · ltd · incorporated 1990-02-22

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 32.3y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 32.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

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

Directors & officers

6 officers (2 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

91 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

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	2025-04-30	2024-04-30
Average employees	5	400

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 (27 events)Click to expand

2025-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-06-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2005-07-01
➖
CUTHBERT, Steven resigned
director
2000-12-04
➕
MACMILLAN, Charlotte Black appointed
secretary
2000-12-04
➕
CUTHBERT, Steven appointed
secretary
2000-12-04
➖
CUTHBERT, Steven resigned
secretary
2000-12-04
➖
MACMILLAN, Charlotte Black resigned
secretary
2000-12-04
➕
CUTHBERT, Steven appointed
director
2000-12-04
➖
MACMILLAN, Charlotte Black resigned
director
1994-03-02
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1990-03-29
➕
MACMILLAN, Donald Joseph appointed
director
1990-03-29
➕
MACMILLAN, Charlotte Black appointed
secretary
1990-03-29
➕
MACMILLAN, Charlotte Black appointed
director
1990-02-22
🏢
Company incorporated
As MACMILLAN PRESERVATION LIMITED

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 "MACMILLAN" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 36 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Charlotte Black Macmillan Individual · British · DOB 02/1962 · age 64	25–50%	—	25-50% shares	06/04/2016
Mr Donald Joseph Macmillan Individual · British · DOB 02/1961 · age 65	25–50%	—	25-50% shares	06/04/2016

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 · Construction · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCTAGGART CONSTRUCTION LIMITED→ SC042957 · est 1965	£13.64M £9.74M–£17.53M	—	—	152	60y	85	61y
MCTAGGART GROUP LIMITED→ SC314901 · est 2007	£10.61M £7.58M–£13.63M	—	—	0	19y	83	61y
DALCON LIMITED→ SC327630 · est 2007	£6.00M £4.28M–£7.71M	—	—	96	18y	88	58y
ABN SERVICES CO. LTD.→ SC216960 · est 2001	£187.1k £133.6k–£240.6k	—	—	35	25y	83	61y
BWA NEXUS LIMITED→ SC205639 · est 2000	£70.3k £50.3k–£90.5k	—	—	3	26y	92	62y
ALBA DEWATERING SERVICES LIMITED→ SC235431 · est 2002	—	—	—	40	23y	83	66y
BURNAWN SERVICES LTD→ SC307932 · est 2006	—	—	—	1400	19y	83	58y
CLYDE COAST CONTRACTS LIMITED→ SC068689 · est 1979	—	—	£5.34M	—	46y	83	64y
JJL GROUNDWORKS (AYR) LTD.→ SC256402 · est 2003	—	—	£2.22M	—	22y	83	60y
MCTAGGART CIVILS LIMITED→ SC344109 · est 2008	—	—	—	0	17y	83	61y
RTS CONTRACTS LIMITED→ SC205745 · est 2000	—	—	£961.4k	—	26y	83	61y
WEST SIPHONICS SYSTEMS LIMITED→ SC381758 · est 2010	—	—	£1.84M	—	15y	83	66y

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

Incorporated1990-02-22

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

35 Prestwick Road

Ayr

KA8 8LE

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-07-06

Last: 2025-06-22

Officers (2 active · 4 resigned)

MACMILLAN, Charlotte Black→

secretary · appointed 2000-12-04

View their other companies + combined net worth →

Active

MACMILLAN, Donald Joseph→

director · ~65y · appointed 1990-03-29

View their other companies + combined net worth →

Active

CUTHBERT, Steven→

secretary · appointed 2000-12-04 · resigned 2000-12-04

Resigned

MACMILLAN, Charlotte Black→

secretary · appointed 1990-03-29 · resigned 2000-12-04

Resigned

CUTHBERT, Steven→

director · ~52y · appointed 2000-12-04 · resigned 2005-07-01

Resigned

MACMILLAN, Charlotte Black→

director · ~64y · appointed 1990-03-29 · resigned 2000-12-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	02/03/1994	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-04

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-10-10

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-07-25

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-22

confirmation-statement-with-updates

confirmation-statement · CS01

2023-02-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-11-07

confirmation-statement-with-updates

confirmation-statement · CS01

2022-02-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-08-27

confirmation-statement-with-updates

confirmation-statement · CS01

2021-02-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-10-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-03-02

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-11-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-02-27