D M MILNE LIMITED

💤Zombieactive

SC317362 · ltd · incorporated 2007-02-27

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£2.12M

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.7y

45/100

under pressure

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

· Oldest live charge is 5.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

57 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £2,119,356

Cash draining

Cash down 94% YoY

Cash YoY

-94%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1k

↓ 94% YoY

Net Worth

£2.1m

↑ 11% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Cash	£1.2k	£20.3k
Net assets	£2.12M	£1.91M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers
• 1 persons-with-significant-control

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-03-16
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2024-11-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-09-22
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2019-10-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2007-02-27
🏢
Company incorporated
As D M MILNE LIMITED
2007-02-27
➕
MILNE, Alison appointed
secretary
2007-02-27
➕
MILNE, Alan appointed
director
2007-02-27
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2007-02-27
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2007-02-27
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2007-02-27
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "MILNE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Alan Milne Individual · British · DOB 01/1959 · age 67	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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

Similar companies

Active · Trade services · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
INTERVENTION RENTALS U.K. LIMITED→ SC571008 · est 2017	£5.11M £3.83M–£6.39M	—	—	67	8y	84	65y
ALAN MACKAY MACHINERY (FORFAR) LIMITED→ SC465072 · est 2013	£3.45M £2.58M–£4.31M	—	—	2600	12y	83	73y
INTONA LIMITED→ SC152680 · est 1994	—	—	—	1900	31y	83	75y
KIRKLEA LIMITED→ SC298107 · est 2006	—	—	£132.0k	—	20y	83	64y
OUTDOOR ACCESS TRUST FOR SCOTLAND→ SC186301 · est 1998 · no financials extracted	—	—	—	—	27y	83	79y
A.J. CRAIG & SONS (INDUSTRIAL CLEANERS) LIMITED→ SC062835 · est 1977	—	—	£9.8k	—	48y	82	65y
ANGUS AGENCIES (1997) LIMITED→ SC177105 · est 1997	—	—	—	2	28y	82	60y
ARTISAN ROOFTECH LIMITED→ SC272122 · est 2004	—	—	£143.1k	—	21y	82	58y
BESPOKE BITS LIMITED→ SC106831 · est 1987	—	—	—	0	38y	82	58y
BOYZ-ZONE LIMITED→ SC240512 · est 2002	—	—	£16.5k	—	23y	82	58y
BRIAN DAVIDSON LIMITED→ SC192636 · est 1999	—	—	—	700	27y	82	68y
CAMPHILL GROVE CARE LIMITED→ SC392819 · est 2011	—	—	£52.5k	—	15y	82	77y

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

Incorporated2007-02-27

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

North Mains Of Turin

Turin

Forfar

DD8 2UZ

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-13

Last: 2026-02-27

Officers (2 active · 2 resigned)

MILNE, Alison→

secretary · appointed 2007-02-27

View their other companies + combined net worth →

Active

MILNE, Alan→

director · ~67y · appointed 2007-02-27

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2007-02-27 · resigned 2007-02-27

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2007-02-27 · resigned 2007-02-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	22/09/2020	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-03-16

change-person-director-company-with-change-date

officers · CH01

2026-03-16

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-03-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-03

move-registers-to-registered-office-company-with-new-address

address · AD04

2025-06-30

confirmation-statement-with-updates

confirmation-statement · CS01

2025-03-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-11-18

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-19

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-03-15

confirmation-statement-with-updates

confirmation-statement · CS01

2023-03-15

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-01-31

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-19

confirmation-statement-with-updates

confirmation-statement · CS01

2022-03-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-01-12