FM URY LIMITED

⚰️Wound downliquidation
SC266291 · ltd · incorporated 2004-04-13
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
31/100
Pass
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 31/100 (pass), bankability 12/100. Strong seller-intent signal (63/100, director aged 56). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 21.8y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 21.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (59/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
31/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
2
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 address
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-01-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-09-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-03-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-03-20
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  5. 2023-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-11-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2020-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2019-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-05-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-12-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-04-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2010-07-22
    🔒
    Charge registered #4
    Lender: Fm Developments Limited Executive Pension Scheme
  20. 2010-05-18
    LURRING, Robert Graeme resigned
    secretary
  21. 2010-05-04
    LURRING, Robert Graeme appointed
    secretary
  22. 2010-05-04
    MILNE, Jonathon Alexander resigned
    secretary
  23. 2010-05-04
    FORBES, John Inglis resigned
    director
  24. 2010-05-04
    MILNE, John Todd resigned
    director
  25. 2006-05-18
    🔓
    Charge satisfied #3
  26. 2006-05-18
    🔓
    Charge satisfied #1
  27. 2006-01-27
    🔓
    Charge satisfied #2
  28. 2004-07-19
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Scotland PLC
  29. 2004-07-19
    🔒
    Charge registered #2
    Lender: Forth Property Developments Limited
  30. 2004-07-12
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  31. 2004-05-06
    MILNE, Jonathon Alexander appointed
    director
  32. 2004-05-06
    MILNE, Jonathon Alexander appointed
    secretary
  33. 2004-05-06
    BURNESS SOLICITORS resigned
    corporate-nominee-secretary
  34. 2004-05-06
    FORBES, John Inglis appointed
    director
  35. 2004-05-06
    MILNE, John Todd appointed
    director
  36. 2004-05-06
    BURNESS (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  37. 2004-04-13
    🏢
    Company incorporated
    As FM URY LIMITED
  38. 2004-04-13
    BURNESS SOLICITORS appointed
    corporate-nominee-secretary
  39. 2004-04-13
    BURNESS (DIRECTORS) LIMITED appointed
    corporate-nominee-director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-05-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-04-27

Company in liquidation
high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-03-20: liquidation-compulsory-notice-winding-up-order-court-scotland

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.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jonathon Alexander Milne
Individual · British · DOB 05/1970 · age 56
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr John Todd Milne
Individual · British · DOB 04/1945 · age 81
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr John Inglis Forbes
Individual · British · DOB 08/1947 · age 79
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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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🔒Tailored diligence questions

12 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

Statusliquidation
Typeltd
Incorporated2004-04-13
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Unit 1, Ground Floor Airbles House
270 Airbles Road
Motherwell
North Lanarkshire
ML1 3AT

Filing status

Accounts
Next due: 2024-05-31OVERDUE
Last made up to: 2022-08-31
Confirmation statement
Next due: 2024-04-27OVERDUE
Last: 2023-04-13

Officers (1 active · 6 resigned)

MILNE, Jonathon Alexander
director · ~56y · appointed 2004-05-06
View their other companies + combined net worth →
Active
LURRING, Robert Graeme
secretary · appointed 2010-05-04 · resigned 2010-05-18
Resigned
MILNE, Jonathon Alexander
secretary · appointed 2004-05-06 · resigned 2010-05-04
Resigned
BURNESS SOLICITORS
corporate-nominee-secretary · appointed 2004-04-13 · resigned 2004-05-06
Resigned
FORBES, John Inglis
director · ~79y · appointed 2004-05-06 · resigned 2010-05-04
Resigned
MILNE, John Todd
director · ~81y · appointed 2004-05-06 · resigned 2010-05-04
Resigned
BURNESS (DIRECTORS) LIMITED
corporate-nominee-director · appointed 2004-04-13 · resigned 2004-05-06
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Fm Developments Executive Pension Scheme
Fm Developments Limited Executive Pension Scheme
Bond & floating charge1 property22/07/2010
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property19/07/200418/05/2006
satisfied
Forth Property Developments
Forth Property Developments Limited
Standard security1 property19/07/200427/01/2006
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Floating charge1 property12/07/200418/05/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-20
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-14
gazette-filings-brought-up-to-date
gazette · DISS40
2020-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-26
gazette-notice-compulsory
gazette · GAZ1
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-19