MILL GARAGE (DUNS) LIMITED

🌳Matureactive
SC311047 · ltd · incorporated 2006-10-27
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£136.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45190
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 19.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £136,001
Cash YoY
+22%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£187k
↑ 22% YoY
Net Worth
£136k
↑ 15% YoY
Current Assets
£325k
↓ 2.5% YoY
Current Liabilities
—
£0£67k£133k£200k£267k£333kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£136.9k£118.8k
Current assets£324.7k£333.2k
Cash£187.1k£153.5k
Debtors£60.4k£85.5k
Net assets£136.0k£117.8k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-26
    ➖
    HORNE, Margaret Ann, Mrs. resigned
    secretary
  5. 2023-01-26
    ➖
    HORNE, Margaret Ann, Mrs. resigned
    director
  6. 2023-01-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2023-01-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-11-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2019-11-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-10-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-06-04
    ➖
    HORNE, James Alexander William resigned
    director
  15. 2018-11-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-11-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2016-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2007-05-23
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 2006-10-27
    🏢
    Company incorporated
    As MILL GARAGE (DUNS) LIMITED
  22. 2006-10-27
    ➕
    HORNE, Michael James appointed
    director
  23. 2006-10-27
    ➕
    HORNE, Stephen Fraser appointed
    director
  24. 2006-10-27
    ➕
    HORNE, Margaret Ann, Mrs. appointed
    secretary
  25. 2006-10-27
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2006-10-27
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  27. 2006-10-27
    ➕
    HORNE, James Alexander William appointed
    director
  28. 2006-10-27
    ➕
    HORNE, Margaret Ann, Mrs. appointed
    director
  29. 2006-10-27
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  30. 2006-10-27
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-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 20 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

69/100
Strong succession signal

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

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.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen Fraser Horne
Individual · British · DOB 10/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Michael James Horne
Individual · British · DOB 05/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs. Margaret Ann Horne
Individual · British · DOB 12/1945 · age 81
——sig. influencesignificant influence06/04/2017
1 historic (ceased) PSC
  • Mr James Alexander William Horneceased 04/06/2019· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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———————
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
Incorporated2006-10-27
Jurisdictionscotland
Primary SIC45190 — SIC 45190

Registered office

C/O Mill Garage (Duns)
Industrial Estate, Station Road
Duns
Berwickshire
TD11 3EJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-10
Last: 2025-10-27

Officers (2 active · 5 resigned)

HORNE, Michael James→
director · ~57y · appointed 2006-10-27
View their other companies + combined net worth →
Active
HORNE, Stephen Fraser→
director · ~60y · appointed 2006-10-27
View their other companies + combined net worth →
Active
HORNE, Margaret Ann, Mrs.→
secretary · appointed 2006-10-27 · resigned 2023-01-26
Resigned
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-10-27 · resigned 2006-10-27
Resigned
HORNE, James Alexander William→
director · ~83y · appointed 2006-10-27 · resigned 2019-06-04
Resigned
HORNE, Margaret Ann, Mrs.→
director · ~81y · appointed 2006-10-27 · resigned 2023-01-26
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2006-10-27 · resigned 2006-10-27
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property23/05/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-17
termination-secretary-company-with-name-termination-date
officers · TM02
2023-01-26
termination-director-company-with-name-termination-date
officers · TM01
2023-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-05