AJM INVESTMENTS (SCOTLAND) LTD

🌳Matureactive
SC279257 · ltd · incorporated 2005-02-02
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£154.9k
book net assets
Opportunity
79/100
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 60-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), 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).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 20.6y

70/100
ready

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

  • · Oldest live charge is 20.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
58 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £154,877
Net assets shrinking
Down £4,692 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£155k
↓ 2.9% YoY
Current Assets
£14k
↓ 53% YoY
Current Liabilities
—
£0£32k£64k£96k£128k£160kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£154.9k£159.6k
Current assets£14.5k£31.1k
Net assets£154.9k£159.6k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-11-21
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  3. 2025-10-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-10-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-10-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-10-09
    🔓
    Charge satisfied #2
  7. 2025-10-09
    🔓
    Charge satisfied #1
  8. 2025-04-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-04-11
    🔒
    Charge registered #3
    Lender: Barclays Security Trustee Limited
  10. 2025-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-11-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2016-02-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2005-10-21
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  21. 2005-08-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  22. 2005-02-02
    🏢
    Company incorporated
    As AJM INVESTMENTS (SCOTLAND) LTD
  23. 2005-02-02
    ➕
    MCMILLAN, Albert John appointed
    secretary
  24. 2005-02-02
    ➕
    MCMILLAN, Albert John appointed
    director
  25. 2005-02-02
    ➕
    MCMILLAN, Sandra Jane appointed
    director

Owner dependency

84/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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

1 med ·
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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Albert John Mcmillan
Individual · British · DOB 12/1966 · age 60
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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2005-02-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

12 Inchmuir Road
West Lothian
EH48 2EP

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (3 active · 0 resigned)

MCMILLAN, Albert John→
secretary · appointed 2005-02-02
View their other companies + combined net worth →
Active
MCMILLAN, Albert John→
director · ~60y · appointed 2005-02-02
View their other companies + combined net worth →
Active
MCMILLAN, Sandra Jane→
director · ~60y · appointed 2005-02-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property21/11/2025—
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—11/04/2025—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/10/200509/10/2025
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/08/200509/10/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22