PARTMILE LIMITED

🌳Matureactive
SC226031 · ltd · incorporated 2001-12-05
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
—
year to Dec 2024
Net worth
£2.07M
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 89-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 70/100. Strong seller-intent signal (83/100, director aged 89). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · oldest 21.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
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 £2,070,577
Cash draining
Cash down 91% YoY
Cash YoY
-91%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£23k
↓ 91% YoY
Net Worth
£2.1m
↑ 5.0% YoY
Current Assets
£136k
↓ 63% YoY
Current Liabilities
—
£0£414k£828k£1.2m£1.7m£2.1mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£2.72M£2.96M
Current assets£136.4k£366.5k
Cash£22.8k£249.8k
Debtors£113.6k£116.7k
Net assets£2.07M£1.97M

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-08-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-08-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-01-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-08-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-01-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-10-13
    ➕
    SHAND, Ian appointed
    secretary
  17. 2010-10-13
    ➖
    AS COMPANY SERVICES LIMITED resigned
    corporate-secretary
  18. 2007-11-26
    ➖
    ANDERSON STRATHERN WS resigned
    corporate-nominee-secretary
  19. 2007-11-26
    ➕
    AS COMPANY SERVICES LIMITED appointed
    corporate-secretary
  20. 2004-09-27
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  21. 2004-09-14
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  22. 2004-09-14
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  23. 2004-09-14
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  24. 2004-09-14
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  25. 2004-09-08
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  26. 2004-08-12
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  27. 2002-03-28
    ➕
    SHAND, George appointed
    director
  28. 2002-03-28
    ➕
    SHAND, Ian Mckenzie appointed
    director
  29. 2002-03-28
    ➖
    BROWN, Simon Thomas David resigned
    director
  30. 2002-03-28
    ➖
    KERR, John Neilson resigned
    director
  31. 2001-12-05
    🏢
    Company incorporated
    As PARTMILE LIMITED
  32. 2001-12-05
    ➕
    ANDERSON STRATHERN WS appointed
    corporate-nominee-secretary
  33. 2001-12-05
    ➕
    BROWN, Simon Thomas David appointed
    director
  34. 2001-12-05
    ➕
    KERR, John Neilson appointed
    director

Owner dependency

91/100
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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 89 — 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 89 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 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Andstrat (No. 144) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Andstrat (No. 144) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
PARTMILE LIMITED
This company · SC226031

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
Andstrat (No. 144) Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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

Statusactive
Typeltd
Incorporated2001-12-05
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

115 Lauriston Place
Edinburgh
EH3 9JG

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05

Officers (3 active · 4 resigned)

SHAND, Ian→
secretary · appointed 2010-10-13
View their other companies + combined net worth →
Active
SHAND, George→
director · ~89y · appointed 2002-03-28
View their other companies + combined net worth →
Active
SHAND, Ian Mckenzie→
director · ~59y · appointed 2002-03-28
View their other companies + combined net worth →
Active
ANDERSON STRATHERN WS→
corporate-nominee-secretary · appointed 2001-12-05 · resigned 2007-11-26
Resigned
AS COMPANY SERVICES LIMITED→
corporate-secretary · appointed 2007-11-26 · resigned 2010-10-13
Resigned
BROWN, Simon Thomas David→
director · ~66y · appointed 2001-12-05 · resigned 2002-03-28
Resigned
KERR, John Neilson→
director · ~70y · appointed 2001-12-05 · resigned 2002-03-28
Resigned

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

Mortgages & charges

7
Total charges
7
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property27/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property08/09/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property12/08/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-28