COURTNEY & MCMILLAN (BROXBURN) LIMITED

💤Zombieactive
SC148341 · ltd · incorporated 1994-01-10
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.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£165.6k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: 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
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
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 · FRS 102
Positive net assets
Net assets £165,629
Cash YoY
-27%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£64k
↓ 27% YoY
Net Worth
£166k
↑ 1.9% YoY
Current Assets
£217k
↓ 35% YoY
Current Liabilities
£0£67k£133k£200k£266k£333kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£210.8k£222.6k
Current assets£217.1k£332.6k
Cash£64.3k£88.0k
Debtors£151.3k£243.2k
Net assets£165.6k£162.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-02-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2017-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-12-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-02-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-07-31
    KERR, Nadine appointed
    secretary
  17. 2014-07-31
    KERR, Craig Baird Hill appointed
    director
  18. 2014-07-31
    MCMILLAN, Linda resigned
    secretary
  19. 2014-07-31
    MCMILLAN, Alistair Letham resigned
    director
  20. 2005-06-01
    MCMILLAN, Alistair Letham resigned
    secretary
  21. 2005-06-01
    MCMILLAN, Linda appointed
    secretary
  22. 2005-06-01
    COURTNEY, Augustine resigned
    director
  23. 1994-01-10
    🏢
    Company incorporated
    As COURTNEY & MCMILLAN (BROXBURN) LIMITED
  24. 1994-01-10
    MCMILLAN, Alistair Letham appointed
    secretary
  25. 1994-01-10
    REID, Brian appointed
    nominee-secretary
  26. 1994-01-10
    REID, Brian resigned
    nominee-secretary
  27. 1994-01-10
    COURTNEY, Augustine appointed
    director
  28. 1994-01-10
    MCMILLAN, Alistair Letham appointed
    director
  29. 1994-01-10
    REID, Brian appointed
    nominee-director
  30. 1994-01-10
    REID, Brian resigned
    nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 32 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
NameSharesVoting rightsNature of controlNotified
Mr Craig Baird Hill Kerr
Individual · British · DOB 06/1971 · age 55
5075%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Nadine Kerr
Individual · British · DOB 12/1973 · age 53
2550%
25–50%25-50% shares · 25-50% voting01/02/2017

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

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
Incorporated1994-01-10
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

8a Caputhall Road
Deans Industrial Estate
Livingston
EH54 8AS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (2 active · 6 resigned)

KERR, Nadine
secretary · appointed 2014-07-31
View their other companies + combined net worth →
Active
KERR, Craig Baird Hill
director · ~55y · appointed 2014-07-31
View their other companies + combined net worth →
Active
MCMILLAN, Alistair Letham
secretary · appointed 1994-01-10 · resigned 2005-06-01
Resigned
MCMILLAN, Linda
secretary · appointed 2005-06-01 · resigned 2014-07-31
Resigned
REID, Brian
nominee-secretary · appointed 1994-01-10 · resigned 1994-01-10
Resigned
COURTNEY, Augustine
director · ~82y · appointed 1994-01-10 · resigned 2005-06-01
Resigned
MCMILLAN, Alistair Letham
director · ~77y · appointed 1994-01-10 · resigned 2014-07-31
Resigned
REID, Brian
nominee-director · appointed 1994-01-10 · resigned 1994-01-10
Resigned

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

Recent filings (87 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23