MIHAUS UK LIMITED

💤Zombieactive
SC504069 · ltd · incorporated 2015-04-23
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 Sept 2024
Net worth
£266.7k
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £266,678
Very low cash
Cash position: £77
Net assets shrinking
Down £19,655 YoY
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£77
↓ 100% YoY
Net Worth
£267k
↓ 6.9% YoY
Current Assets
£543k
↓ 23% YoY
Current Liabilities
£0£141k£283k£424k£566k£707kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£295.6k£345.8k
Current assets£543.4k£707.5k
Cash£77£16.7k
Debtors£454.6k£542.8k
Net assets£266.7k£286.3k

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 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-04-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-04-01
    GILLIES, James Iain appointed
    director
  5. 2025-04-01
    GILLIES, Iain Andrew resigned
    director
  6. 2024-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-08-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2021-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-08-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2021-06-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2020-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-04-26
    MORREN, Andrew Gordon resigned
    director
  16. 2019-04-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-04-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-06-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2018-03-14
    📄
    capital-allotment-shares
    capital · SH01
  20. 2018-03-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-03-12
    GILLIES, Iain Andrew appointed
    director
  22. 2015-05-01
    GILLIES, Iain Andrew resigned
    director
  23. 2015-04-23
    🏢
    Company incorporated
    As MIHAUS UK LIMITED
  24. 2015-04-23
    GILLIES, Iain Andrew appointed
    director
  25. 2015-04-23
    MORREN, Andrew Gordon appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-26

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Iain Andrew Gillies
Individual · Scottish · DOB 07/1965 · age 61
2550%
25-50% shares23/04/2017
1 historic (ceased) PSC
  • Mr Andrew Gordon Morrenceased 26/04/2019· 25-50% shares

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

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
Incorporated2015-04-23
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Unit 5, Suite 3 Lomond Business Park
Baltimore Road
Glenrothes
Fife
KY6 2PJ

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-02-26OVERDUE
Last: 2025-02-12

Officers (1 active · 3 resigned)

GILLIES, James Iain
director · ~50y · appointed 2025-04-01
View their other companies + combined net worth →
Active
GILLIES, Iain Andrew
director · ~61y · appointed 2018-03-12 · resigned 2025-04-01
Resigned
GILLIES, Iain Andrew
director · ~61y · appointed 2015-04-23 · resigned 2015-05-01
Resigned
MORREN, Andrew Gordon
director · ~63y · appointed 2015-04-23 · resigned 2019-04-26
Resigned

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

Recent filings (36 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
appoint-person-director-company-with-name-date
officers · AP01
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
gazette-filings-brought-up-to-date
gazette · DISS40
2021-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-26
gazette-notice-compulsory
gazette · GAZ1
2021-08-24
change-person-director-company-with-change-date
officers · CH01
2021-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08