A NEW MILLER LIMITED

💤Zombieactive
SC322705 · ltd · incorporated 2007-05-02
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£325.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
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 16.0y

45/100
under pressure

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

  • · Oldest live charge is 16.0 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 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 £325,902
Cash YoY
+51%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£302k
↑ 51% YoY
Net Worth
£326k
↑ 27% YoY
Current Assets
£384k
↑ 35% YoY
Current Liabilities
—
£0£77k£153k£230k£307k£384kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£325.9k£256.1k
Current assets£383.5k£284.9k
Cash£302.4k£200.1k
Debtors£81.1k£84.8k
Net assets£325.9k£256.1k

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 (25 events)Click to expand
  1. 2025-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-09
    📄
    capital-allotment-shares
    capital · SH01
  5. 2022-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-08-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-01-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-05-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2016-01-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-05-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-01-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-05-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-03-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2010-04-15
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  18. 2009-11-18
    ➖
    DIMITRIJEVIC, Selma resigned
    secretary
  19. 2007-05-02
    🏢
    Company incorporated
    As A NEW MILLER LIMITED
  20. 2007-05-02
    ➕
    HARROWER, David appointed
    director
  21. 2007-05-02
    ➕
    DIMITRIJEVIC, Selma appointed
    secretary
  22. 2007-05-02
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  23. 2007-05-02
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  24. 2007-05-02
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-director
  25. 2007-05-02
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-director

Owner dependency

93/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100
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.
  • 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%
NameSharesVoting rightsNature of controlNotified
Mr David Alan Harrower
Individual · Scottish · DOB 09/1966 · 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.

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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
Incorporated2007-05-02
Jurisdictionscotland
Primary SIC90030 — Artistic creation

Registered office

33 Regent Park Square
Glasgow
Lanarkshire
G41 2AF

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-05-16
Last: 2025-05-02

Officers (1 active · 3 resigned)

HARROWER, David→
director · ~60y · appointed 2007-05-02
View their other companies + combined net worth →
Active
DIMITRIJEVIC, Selma→
secretary · appointed 2007-05-02 · resigned 2009-11-18
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2007-05-02 · resigned 2007-05-02
Resigned
STEPHEN MABBOTT LTD.→
corporate-director · appointed 2007-05-02 · resigned 2007-05-02
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
Royal Bank of Scotland PLC
Floating charge standard security1 property15/04/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-09
capital-allotment-shares
capital · SH01
2023-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-13