M2 NORTHERN LIMITED
🌳Matureactive
SC178109 · 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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 27.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
22 officers (4 active, 22 linked, 16 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
28 connected companies via shared directors
90
Filing history
152 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
- 2025-11-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-11-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-11-19➕THOMSON, Alexis appointedsecretary
- 2025-11-19➖PARK, Katherine Mary resignedsecretary
- 2025-06-25📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-06-25📄legacyaccounts · PARENT_ACC
- 2025-06-25📄legacyother · AGREEMENT2
- 2025-06-25📄legacyother · GUARANTEE2
- 2024-06-12📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-06-12📄legacyaccounts · PARENT_ACC
- 2024-06-12📄legacyother · AGREEMENT2
- 2024-06-12📄legacyother · GUARANTEE2
- 2023-06-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-06-07📄legacyaccounts · PARENT_ACC
- 2023-06-07📄legacyother · AGREEMENT2
- 2023-06-07📄legacyother · GUARANTEE2
- 2023-05-03📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-25📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-05-25📄legacyaccounts · PARENT_ACC
- 2022-05-25📄legacyother · AGREEMENT2
- 2022-05-25📄legacyother · GUARANTEE2
- 2021-07-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-27➖BUTCHART, Ian resigneddirector
- 2019-08-08➕PARK, Katherine Mary appointedsecretary
- 2018-08-29➕KING, Allan Alexander appointeddirector
- 2018-08-29➕YOUNG, Eric Macfie appointeddirector
- 2018-08-29➕BUTCHART, Ian appointeddirector
- 2018-08-29➖SUTHERLAND, Andrew resigneddirector
- 2018-08-06🔓Charge satisfied #7
- 2017-06-30➖HAGGERTY, Euan James Edward resigneddirector
- 2015-10-08🔒Charge registered #7Lender: Santander UK PLC
- 2015-07-08➖BORLAND, Donald William resigneddirector
- 2015-07-06🔓Charge satisfied #6
- 2015-07-06🔓Charge satisfied #5
- 2015-05-31➖MILLER, Philip Hartley resigneddirector
- 2014-12-04➖HODSDEN, Richard David resigneddirector
- 2013-11-21➕HODSDEN, Richard David appointeddirector
- 2013-11-18➖RICHARDS, John Steel resigneddirector
- 2012-05-16➖SMYTH, Pamela June resignedsecretary
- 2012-05-16➖SMYTH, Pamela June resigneddirector
- 2012-02-29🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2012-02-29🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2011-07-01➕HAGGERTY, Euan James Edward appointeddirector
- 2009-09-18➖JACKSON, Julie Mansfield resigneddirector
- 2009-05-29➖WOOD, Marlene resigneddirector
- 2009-02-24➕SMYTH, Pamela June appointeddirector
- 2007-08-20➕BORLAND, Donald William appointeddirector
- 2007-06-26➕MILLOY, David Thomas appointeddirector
- 2007-06-26➕JACKSON, Julie Mansfield appointeddirector
- 2007-06-26➕SUTHERLAND, Andrew appointeddirector
Showing most recent 50 of 74 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
73/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 19 years.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
M2 Three Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
M2 Three Limited
Corporate parent · holds 75-100% shares · board control
⬇
M2 NORTHERN LIMITED
This company · SC178109
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
M2 Three Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/01/2018 |
1 historic (ceased) PSC
- Miller Developments Holdings Limitedceased 22/01/2018· 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 →Similar companies
Active · Construction · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 150 DEVELOPMENTS LTD→ SC683222 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1ST CHOICE JOINERY LTD→ SC619999 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 2@T PLUMBING AND HEATING LTD→ SC772889 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 247 ENERGY SOLUTIONS LTD→ SC805033 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 360 BUSINESS SOLUTIONS LTD→ SC868695 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3ND PROJECT LIMITED→ SC772606 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 87 BERKELEY STREET LTD→ SC777383 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 9C CONTRACTS LIMITED→ SC746474 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| A.A.S.K HEATING SERVICES LTD→ SC588897 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| A.A.T. CONST. LTD→ SC848272 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A&A CONSTRUCTION AND REAL ESTATE LIMITED→ SC868335 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A1 RENEWABLES LTD→ SC802329 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
C/O Miller Developments
Glasgow
G2 2LW
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (4 active · 18 resigned)
Active
KING, Allan Alexander→
Activedirector · ~37y · appointed 2018-08-29
View their other companies + combined net worth →
MILLOY, David Thomas→
Activedirector · ~61y · appointed 2007-06-26
View their other companies + combined net worth →
YOUNG, Eric Macfie→
Activedirector · ~71y · appointed 2018-08-29
View their other companies + combined net worth →
DONALDSON, Euan James→
Resignedsecretary · appointed 1997-08-19 · resigned 2002-01-21
MACKINNON, Iain Lachlan→
Resignedsecretary · appointed 2002-01-21 · resigned 2002-08-30
PARK, Katherine Mary→
Resignedsecretary · appointed 2019-08-08 · resigned 2025-11-19
SMYTH, Pamela June→
Resignedsecretary · appointed 2002-08-30 · resigned 2012-05-16
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-08-19 · resigned 1997-08-19
BORLAND, Donald William→
Resigneddirector · ~60y · appointed 2007-08-20 · resigned 2015-07-08
BUTCHART, Ian→
Resigneddirector · ~70y · appointed 2018-08-29 · resigned 2020-10-27
ELMI, Omar Adam→
Resigneddirector · ~66y · appointed 1998-12-11 · resigned 1999-08-12
HAGGERTY, Euan James Edward→
Resigneddirector · ~49y · appointed 2011-07-01 · resigned 2017-06-30
HODSDEN, Richard David→
Resigneddirector · ~60y · appointed 2013-11-21 · resigned 2014-12-04
JACKSON, Julie Mansfield→
Resigneddirector · ~61y · appointed 2007-06-26 · resigned 2009-09-18
MILLER, Philip Hartley→
Resigneddirector · ~70y · appointed 1997-08-19 · resigned 2015-05-31
RICHARDS, John Steel→
Resigneddirector · ~69y · appointed 2000-12-21 · resigned 2013-11-18
SMYTH, Pamela June→
Resigneddirector · ~62y · appointed 2009-02-24 · resigned 2012-05-16
SUTHERLAND, Andrew→
Resigneddirector · ~65y · appointed 2007-06-26 · resigned 2018-08-29
SUTHERLAND, Andrew→
Resigneddirector · ~65y · appointed 1998-12-21 · resigned 2000-12-21
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC | A registered charge | — | 08/10/2015 | 06/08/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 29/02/2012 | 06/07/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/02/2012 | 06/07/2015 | |
| satisfied | Barclays Barclays Bank PLC | Assignation of rents | 1 property | 21/03/2001 | 25/04/2002 | |
| satisfied | Barclays Barclays Bank PLC | Standard security | 1 property | 13/02/2001 | 25/04/2002 | |
| outstanding | Riccarton Nurseries and Amcows Twenyseven Riccarton Nurseries Limited and Amcows Twenyseven Limited | Standard security | 1 property | 24/11/1999 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 20/04/1999 | 25/06/1999 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (152 total)
appoint-person-secretary-company-with-name-date
officers · AP03
2025-11-21
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-06-25
legacy
accounts · PARENT_ACC
2025-06-25
legacy
other · AGREEMENT2
2025-06-25
legacy
other · GUARANTEE2
2025-06-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-06-12
legacy
accounts · PARENT_ACC
2024-06-12
legacy
other · AGREEMENT2
2024-06-12
legacy
other · GUARANTEE2
2024-06-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-05
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2023-06-07
legacy
accounts · PARENT_ACC
2023-06-07