J H MILNE (PETERHEAD) LIMITED

🌳Matureactive
SC181790 · ltd · incorporated 1997-12-29
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£723.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.2y

85/100
ready

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

  • · Oldest live charge is 7.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (71/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
67 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £723,852
Cash YoY
-13%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£274k
↓ 13% YoY
Net Worth
£724k
↑ 14% YoY
Current Assets
£529k
↓ 12% YoY
Current Liabilities
—
£0£145k£290k£434k£579k£724kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£758.2k£667.2k
Current assets£529.5k£598.7k
Cash£273.8k£313.7k
Debtors£250.6k£280.0k
Net assets£723.9k£637.7k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-01-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2019-01-30
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  13. 2018-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2017-04-12
    📄
    legacy
    miscellaneous · RP04CS01
  16. 2016-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 1997-12-29
    🏢
    Company incorporated
    As J H MILNE (PETERHEAD) LIMITED
  18. 1997-12-29
    ➕
    MILNE, Robert appointed
    secretary
  19. 1997-12-29
    ➕
    MILNE, John Hughes appointed
    director
  20. 1997-12-29
    ➕
    MILNE, Robert appointed
    director
  21. 1997-12-29
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  22. 1997-12-29
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MILNE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — 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 candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 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 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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.)
🔒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.

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Company details

Statusactive
Typeltd
Incorporated1997-12-29
Jurisdictionscotland
Primary SIC10200 — SIC 10200

Registered office

3 Keith Street
Peterhead
Aberdeenshire
AB42 1BP

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-01-12
Last: 2025-12-29

Officers (3 active · 1 resigned)

MILNE, Robert→
secretary · appointed 1997-12-29
View their other companies + combined net worth →
Active
MILNE, John Hughes→
director · ~75y · appointed 1997-12-29
View their other companies + combined net worth →
Active
MILNE, Robert→
director · ~56y · appointed 1997-12-29
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1997-12-29 · resigned 1997-12-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—30/01/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (67 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-14
change-person-director-company-with-change-date
officers · CH01
2026-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
change-person-director-company-with-change-date
officers · CH01
2024-01-09
change-person-director-company-with-change-date
officers · CH01
2024-01-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-16