MILLER DEVELOPMENTS LIMITED

🌳Matureactive
SC178108 · ltd · incorporated 1997-08-19
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-1.5k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 27.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 27.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (76/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
25 officers (2 active, 25 linked, 18 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
165 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,469

Key financials

1 year extracted from filed iXBRL accounts
Cash
£5k
Net Worth
-£1k
Current Assets
£106k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£-1.5k
Current assets£106.2k
Cash£4.8k
Debtors£101.4k
Net assets£-1.5k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (80 events)Click to expand
  1. 2026-04-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2022-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-03-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2022-01-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-01-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-10-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-08-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2020-08-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-02-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-02-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-08-06
    🔓
    Charge satisfied #7
  19. 2017-06-30
    ➖
    HAGGERTY, Euan James Edward resigned
    director
  20. 2017-05-31
    ➖
    MACGREGOR, Kirsty Fraser resigned
    secretary
  21. 2017-05-31
    ➖
    MACGREGOR, Kirsty Fraser resigned
    director
  22. 2015-10-08
    🔒
    Charge registered #7
    Lender: Santander UK PLC
  23. 2015-07-08
    ➖
    BORLAND, Donald William resigned
    director
  24. 2015-07-06
    🔓
    Charge satisfied #6
  25. 2015-07-06
    🔓
    Charge satisfied #5
  26. 2015-07-06
    🔓
    Charge satisfied #4
  27. 2015-07-06
    🔓
    Charge satisfied #3
  28. 2015-07-06
    🔓
    Charge satisfied #2
  29. 2015-05-31
    ➖
    MILLER, Philip Hartley resigned
    director
  30. 2015-03-31
    ➖
    MILLER, Keith Manson resigned
    director
  31. 2015-03-18
    ➖
    DUFFIELD, Sheelagh Jane resigned
    secretary
  32. 2015-03-18
    ➕
    MACGREGOR, Kirsty Fraser appointed
    secretary
  33. 2014-12-04
    ➖
    HODSDEN, Richard David resigned
    director
  34. 2013-11-21
    ➕
    HODSDEN, Richard David appointed
    director
  35. 2013-11-18
    ➖
    RICHARDS, John Steel resigned
    director
  36. 2013-02-06
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  37. 2012-05-16
    ➕
    DUFFIELD, Sheelagh Jane appointed
    secretary
  38. 2012-05-16
    ➖
    SMYTH, Pamela June resigned
    secretary
  39. 2012-05-16
    ➖
    SMYTH, Pamela June resigned
    director
  40. 2012-03-07
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  41. 2012-03-07
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  42. 2012-02-29
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  43. 2012-02-29
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  44. 2011-07-01
    ➕
    HAGGERTY, Euan James Edward appointed
    director
  45. 2011-07-01
    ➕
    MACGREGOR, Kirsty Fraser appointed
    director
  46. 2009-09-18
    ➖
    JACKSON, Julie Mansfield resigned
    director
  47. 2009-05-29
    ➖
    WOOD, Marlene resigned
    director
  48. 2009-02-24
    ➕
    SMYTH, Pamela June appointed
    director
  49. 2008-07-04
    ➖
    GRANT, Pamela resigned
    director
  50. 2008-01-17
    ➕
    GRANT, Pamela appointed
    director
Showing most recent 50 of 80 events

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

79/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 29 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Miller Developments Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Miller Developments Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MILLER DEVELOPMENTS LIMITED
This company · SC178108

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miller Developments Holdings Limited
Corporate entity
75–100%
—75-100% shares16/03/2022
3 historic (ceased) PSCs
  • Milsut 1 Limitedceased 16/03/2022· 75-100% shares
  • Milsut2 Limitedceased 14/12/2021· 75-100% shares · 75-100% voting · board control
  • Miller Developments Holdings Limitedceased 30/07/2020· 75-100% shares · 75-100% voting · board control

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
Incorporated1997-08-19
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

201 West George Street
Glasgow
Lanarkshire
G2 2LW
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (2 active · 23 resigned)

MILLOY, David Thomas→
director · ~61y · appointed 2006-08-01
View their other companies + combined net worth →
Active
SUTHERLAND, Andrew→
director · ~65y · appointed 2006-08-01
View their other companies + combined net worth →
Active
DONALDSON, Euan James→
secretary · appointed 1997-08-19 · resigned 2002-01-21
Resigned
DUFFIELD, Sheelagh Jane→
secretary · appointed 2012-05-16 · resigned 2015-03-18
Resigned
MACGREGOR, Kirsty Fraser→
secretary · appointed 2015-03-18 · resigned 2017-05-31
Resigned
MACKINNON, Iain Lachlan→
secretary · appointed 2002-01-21 · resigned 2002-08-30
Resigned
SMYTH, Pamela June→
secretary · appointed 2002-08-30 · resigned 2012-05-16
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1997-08-19 · resigned 1997-08-19
Resigned
BORLAND, Donald William→
director · ~60y · appointed 2007-08-20 · resigned 2015-07-08
Resigned
EVANS, Stephen→
director · ~68y · appointed 2002-06-19 · resigned 2002-06-28
Resigned
EVANS, Stephen→
director · ~68y · appointed 2002-04-16 · resigned 2002-04-17
Resigned
GRANT, Pamela→
director · ~58y · appointed 2008-01-17 · resigned 2008-07-04
Resigned
HAGGERTY, Euan James Edward→
director · ~49y · appointed 2011-07-01 · resigned 2017-06-30
Resigned
HARRIS, Nicholas John→
director · ~74y · appointed 1999-05-20 · resigned 2000-12-21
Resigned
HODSDEN, Richard David→
director · ~60y · appointed 2013-11-21 · resigned 2014-12-04
Resigned
JACKSON, Julie Mansfield→
director · ~61y · appointed 2007-01-12 · resigned 2009-09-18
Resigned
MACGREGOR, Kirsty Fraser→
director · ~54y · appointed 2011-07-01 · resigned 2017-05-31
Resigned
MILLER, Keith Manson→
director · ~77y · appointed 2003-12-16 · resigned 2015-03-31
Resigned
MILLER, Philip Hartley→
director · ~70y · appointed 1997-08-19 · resigned 2015-05-31
Resigned
RICHARDS, John Steel→
director · ~69y · appointed 2000-12-21 · resigned 2013-11-18
Resigned

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

Mortgages & charges

7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Santander
Santander UK PLC
A registered charge—08/10/201506/08/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/02/201306/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property07/03/201206/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property07/03/201206/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property29/02/201206/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property29/02/201206/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property20/04/199925/06/1999

Recent filings (165 total)

change-account-reference-date-company-current-extended
accounts · AA01
2026-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-06
change-person-director-company-with-change-date
officers · CH01
2023-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-01-07