BUCHAN MILNE LTD

🏛️Establishedactive

SC546182 · ltd · incorporated 2016-09-23

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£-200

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £200

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£200

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-09-30	2024-09-30
Total assets	£-200	£-200
Net assets	£-200	£-200

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-10-11
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-07-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-10-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-09-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-11-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-12
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-06-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-06-12
📄
change-person-director-company-with-change-date
officers · CH01
2018-02-22
➕
MILNE, Rachel Elizabeth appointed
director
2018-02-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-02-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-09-23
🏢
Company incorporated
As BUCHAN MILNE LTD
2016-09-23
➕
MILNE, Iain Alexander appointed
director
2016-09-23
📄
incorporation-company
incorporation · NEWINC

Owner dependency

86/100

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 "MILNE" — strong identity link between founder and business.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

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

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Name	Shares	Voting rights	Nature of control	Notified
Iain Alexander Milne Individual · British · DOB 12/1980 · age 46	25–50%	25–50%	25-50% shares · 25-50% voting	23/09/2016

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

Similar companies

Active · Agriculture · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FYVIE ESTATE MANAGEMENT COMPANY LIMITED→ SC052080 · est 1972 · no financials extracted	—	—	—	—	53y	—	—
GRAMPIAN AGRICULTURAL SERVICES LTD.→ SC294646 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
GROUND BOUND LTD→ SC853435 · est 2025 · no financials extracted	—	—	—	—	—	—	—
IAN G DONALD (POTATOES) LTD→ SC331783 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
J MORGAN FISHING LTD→ SC732920 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
J. DOUGLAS FOWLIE LIMITED→ SC157213 · est 1995 · no financials extracted	—	—	—	—	31y	—	—
J.A. BUCHAN LTD.→ SC268534 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
J.A.L. (FISHING) LIMITED→ SC241182 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
J.J. FISHING LTD.→ SC343627 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
JACKTAR GRAEME LTD.→ SC261008 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
JADELEIGH ELECTRICAL LTD.→ SC256903 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
JAMAR FISHING LTD.→ SC311430 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

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

Incorporated2016-09-23

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

8 Robbie's Walk

Fraserburgh

AB43 7BJ

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-10-06

Last: 2025-09-22

Officers (2 active · 0 resigned)

MILNE, Iain Alexander→

director · ~46y · appointed 2016-09-23

View their other companies + combined net worth →

Active

MILNE, Rachel Elizabeth→

director · ~44y · appointed 2018-02-22

View their other companies + combined net worth →

Active

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