MCMILLAN MOTORS LTD.

🌳Matureactive
SC372010 · ltd · incorporated 2010-01-29
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 8.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£357.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Sale of new cars and light motor vehicles
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45112SIC 45112
  • 45200SIC 45200
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 8.6y

85/100
ready

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

  • · Oldest live charge is 8.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
47 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 £357,792
Cash YoY
+152%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£62k
↑ 152% YoY
Net Worth
£358k
↑ 11% YoY
Current Assets
£1.0m
↓ 29% YoY
Current Liabilities
—
£0£294k£588k£882k£1.2m£1.5mMar 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£365.0k£339.8k
Current assets£1.04M£1.47M
Cash£62.3k£24.7k
Debtors£74.3k£204.9k
Net assets£357.8k£323.5k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-02-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2022-04-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-03-14
    📄
    capital-allotment-shares
    capital · SH01
  10. 2022-01-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-01-14
    ➕
    MCMILLAN, James David appointed
    director
  12. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-10-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  17. 2018-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-10-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2013-01-28
    ➖
    MCMILLAN, Helen Joan resigned
    secretary
  20. 2010-01-29
    🏢
    Company incorporated
    As MCMILLAN MOTORS LTD.
  21. 2010-01-29
    ➕
    MCMILLAN, Maurice James appointed
    director
  22. 2010-01-29
    ➕
    MCMILLAN, Helen Joan appointed
    secretary
  23. 2010-01-29
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  24. 2010-01-29
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  25. 2010-01-29
    ➕
    MABBOTT, Stephen George appointed
    director
  26. 2010-01-29
    ➖
    MABBOTT, Stephen George resigned
    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
  • +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 "MCMILLAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

39/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — MCMILLAN, James David (same surname) appointed 2022-01-14. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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 James David Mcmillan
Individual · British · DOB 09/1997 · age 29
25–50%
—25-50% shares17/02/2022
Mr Maurice James Mcmillan
Individual · British · DOB 05/1961 · age 65
25–50%
—25-50% 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.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
INVERNESS TYRE SERVICES LTD.→
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———50028y8270y
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SC347311 · est 2008
———40017y8259y
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———1319y8276y
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——£85.5k—24y8280y
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——£162.0k—32y8268y
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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.

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Company details

Statusactive
Typeltd
Incorporated2010-01-29
Jurisdictionscotland
Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

26-30 Brougham Street
Greenock
PA16 8AF
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (2 active · 3 resigned)

MCMILLAN, James David→
director · ~29y · appointed 2022-01-14
View their other companies + combined net worth →
Active
MCMILLAN, Maurice James→
director · ~65y · appointed 2010-01-29
View their other companies + combined net worth →
Active
MCMILLAN, Helen Joan→
secretary · appointed 2010-01-29 · resigned 2013-01-28
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2010-01-29 · resigned 2010-01-29
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2010-01-29 · resigned 2010-01-29
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 Royal Bank of Scotland PLC
A registered charge—17/10/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (47 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-15
change-person-director-company-with-change-date
officers · CH01
2025-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-04-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-05
capital-allotment-shares
capital · SH01
2022-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03