MILLS CONTRACTORS LIMITED

🌳Matureactive
SC277764 · ltd · incorporated 2004-12-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
57 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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees91100

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 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-07
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2024-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-06-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-10-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-04-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2018-04-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2004-12-22
    🏢
    Company incorporated
    As MILLS CONTRACTORS LIMITED
  18. 2004-12-22
    ➕
    MILLS, Lorraine appointed
    secretary
  19. 2004-12-22
    ➕
    MILLS, Sean Patrick appointed
    director
  20. 2004-12-22
    ➕
    URQUHART, Steven Campbell appointed
    director
  21. 2004-12-22
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  22. 2004-12-22
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

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.
  • +Founder name in company name: Company name contains director surname "MILLS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven Campbell Urquhart
Individual · British · DOB 01/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Sean Patrick Mills
Individual · British · DOB 05/1970 · age 56
25–50%
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 →

Similar companies

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
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SC106138 · est 1987
£4.20M
£3.15M–£5.25M
———38y8273y
PERTH RADIO TAXIS LIMITED→
SC396523 · est 2011
———170015y8359y
A N CAMERON LIMITED→
SC217279 · est 2001
——£51.6k—25y8280y
CLYDEBOYD FORT WILLIAM LIMITED→
SC207392 · est 2000
———425y8272y
FERGUSON FREIGHT HOLDINGS LIMITED→
SC317804 · est 2007 · no financials extracted
————19y8265y
K.S. MANDERS INTERNATIONAL TRANSPORT LTD.→
SC233359 · est 2002
———123y8265y
FUTURE DELIVERIES LTD→
SC846060 · est 2025 · no financials extracted
———————
JOATMOS-GAAG LIMITED→
SC327156 · est 2007 · no financials extracted
————18y——
M LOGISTIC PERTH LTD→
SC845433 · est 2025 · no financials extracted
————1y——
MUCK DOCKERS LTD→
SC880310 · est 2026 · no financials extracted
———————
PERTH RADIO TAXIS (TRADING) LTD→
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————2y——
SCOTT OF PERTH LTD→
SC568575 · est 2017 · no financials extracted
————8y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2004-12-22
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Lower Friarton
Friarton Road
Perth
PH2 8DG
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19

Officers (3 active · 1 resigned)

MILLS, Lorraine→
secretary · appointed 2004-12-22
View their other companies + combined net worth →
Active
MILLS, Sean Patrick→
director · ~56y · appointed 2004-12-22
View their other companies + combined net worth →
Active
URQUHART, Steven Campbell→
director · ~60y · appointed 2004-12-22
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-12-22 · resigned 2004-12-22
Resigned

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

Recent filings (57 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
change-person-secretary-company-with-change-date
officers · CH03
2024-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
change-person-director-company-with-change-date
officers · CH01
2023-10-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-25
change-person-director-company-with-change-date
officers · CH01
2023-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20