MILLER CRUDEN LIMITED
⚰️Wound downdissolved
SC223724 · ltd · incorporated 2001-09-27
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 72/100. Strong seller-intent signal (68/100, director aged 74). 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
6 live charges · 4 lenders · oldest 24.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
16 officers (4 active, 16 linked, 12 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
28 connected companies via shared directors
90
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (67 events)Click to expand
- 2012-12-28📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2012-12-28🏁Company dissolved
- 2012-10-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-09-25📄legacymortgage · MG02s
- 2012-09-25🔓Charge satisfied #5
- 2012-09-07📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-08-28📄dissolution-application-strike-off-companydissolution · DS01
- 2012-08-24📄legacymortgage · MG03s
- 2012-08-24🔓Charge satisfied #1
- 2012-05-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2012-05-16➖SMYTH, Pamela June resignedsecretary
- 2012-01-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2011-11-04➖MCSHANE, Brendan resigneddirector
- 2011-11-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2011-07-05📄legacymortgage · MG02s
- 2011-07-02🔓Charge satisfied #6
- 2011-06-15📄legacymortgage · MG03s
- 2011-06-10🔓Charge satisfied #2
- 2011-05-20📄appoint-person-director-company-with-nameofficers · AP01
- 2011-05-20📄accounts-with-accounts-type-fullaccounts · AA
- 2011-04-22📄termination-director-company-with-nameofficers · TM01
- 2011-03-29➕MURDOCH, Ian appointeddirector
- 2011-03-29➖ANDERSON, Ewan Thomas resigneddirector
- 2010-10-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2010-10-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2010-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2010-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2009-10-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-06-12📄accounts-with-accounts-type-fullaccounts · AA
- 2008-11-12📄legacyofficers · 288b
- 2008-10-28📄legacyannual-return · 363a
- 2008-09-30➖RIDDLE, Andrew resigneddirector
- 2008-07-02📄accounts-with-accounts-type-fullaccounts · AA
- 2006-11-13➕RIDDLE, Andrew appointeddirector
- 2006-08-31➖SNEDDON, Robert Graham resigneddirector
- 2004-07-07➕ROWLEY, Michael John appointeddirector
- 2004-06-09🔓Charge satisfied #4
- 2004-06-09🔓Charge satisfied #3
- 2004-05-28➖ADAMS, Stewart John resigneddirector
- 2004-05-28➕SNEDDON, Robert Graham appointeddirector
- 2003-12-25➖DALGARNO, John Alexander resigneddirector
- 2003-12-05➖BROGAN, Peter resigneddirector
- 2003-12-05➕MCSHANE, Brendan appointeddirector
- 2002-08-30➖MACKINNON, Iain Lachlan resignedsecretary
- 2002-08-30➕SMYTH, Pamela June appointedsecretary
- 2002-01-21➖DONALDSON, Euan James resignedsecretary
- 2002-01-21➕MACKINNON, Iain Lachlan appointedsecretary
- 2002-01-04🔒Charge registered #6Lender: The Miller Group Limited
Showing most recent 50 of 67 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 25 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 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-12-28
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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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
Statusdissolved
Typeltd
Incorporated2001-09-27
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Miller House
2 Lochside View
Edinburgh Park
Edinburgh
EH12 9DH
Filing status
Accounts
Next due: —
Last made up to: 2010-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 12 resigned)
MURDOCH, Ian→
Activedirector · ~56y · appointed 2011-03-29
View their other companies + combined net worth →
REID, Kevin David→
Activedirector · ~59y · appointed 2001-12-20
View their other companies + combined net worth →
ROWLEY, Michael John→
Activedirector · ~74y · appointed 2004-07-07
View their other companies + combined net worth →
SIMPSON, Steven George→
Activedirector · ~59y · appointed 2001-12-20
View their other companies + combined net worth →
DONALDSON, Euan James→
Resignedsecretary · appointed 2001-11-21 · resigned 2002-01-21
MACKINNON, Iain Lachlan→
Resignedsecretary · appointed 2002-01-21 · resigned 2002-08-30
SMYTH, Pamela June→
Resignedsecretary · appointed 2002-08-30 · resigned 2012-05-16
1924 NOMINEES LTD→
Resignedcorporate-secretary · appointed 2001-09-27 · resigned 2001-11-21
ADAMS, Stewart John→
Resigneddirector · ~59y · appointed 2001-11-21 · resigned 2004-05-28
ANDERSON, Ewan Thomas→
Resigneddirector · ~60y · appointed 2001-11-21 · resigned 2011-03-29
BROGAN, Peter→
Resigneddirector · ~65y · appointed 2001-11-21 · resigned 2003-12-05
DALGARNO, John Alexander→
Resigneddirector · ~68y · appointed 2001-12-20 · resigned 2003-12-25
FOWLER, William→
Resignednominee-director · ~58y · appointed 2001-09-27 · resigned 2001-11-21
MCSHANE, Brendan→
Resigneddirector · ~71y · appointed 2003-12-05 · resigned 2011-11-04
RIDDLE, Andrew→
Resigneddirector · ~65y · appointed 2006-11-13 · resigned 2008-09-30
SNEDDON, Robert Graham→
Resigneddirector · ~68y · appointed 2004-05-28 · resigned 2006-08-31
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | The Miller Group The Miller Group Limited | Standard security | 1 property | 04/01/2002 | 02/07/2011 | |
| satisfied | Hart Estates Hart Estates Limited | Standard security | 1 property | 03/01/2002 | 25/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 24/12/2001 | 09/06/2004 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 20/12/2001 | 09/06/2004 | |
| satisfied | Miller Group Miller Group Limited | Bond & floating charge | 1 property | 20/12/2001 | 10/06/2011 | |
| satisfied | Hart Estates Hart Estates Limited | Bond & floating charge | 1 property | 20/12/2001 | 24/08/2012 |
Recent filings (81 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-12-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-19
legacy
mortgage · MG02s
2012-09-25
gazette-notice-voluntary
gazette · GAZ1(A)
2012-09-07
dissolution-application-strike-off-company
dissolution · DS01
2012-08-28
legacy
mortgage · MG03s
2012-08-24
termination-secretary-company-with-name-termination-date
officers · TM02
2012-05-29
termination-director-company-with-name-termination-date
officers · TM01
2012-01-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-11-04
change-person-director-company-with-change-date
officers · CH01
2011-09-29
legacy
mortgage · MG02s
2011-07-05
legacy
mortgage · MG03s
2011-06-15
appoint-person-director-company-with-name
officers · AP01
2011-05-20
accounts-with-accounts-type-full
accounts · AA
2011-05-20
termination-director-company-with-name
officers · TM01
2011-04-22