I.L.M. (TRADING) LIMITED

🏛️Establishedactive
SC559148 · ltd · incorporated 2017-03-01
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
—
not disclosed
Net worth
—
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Retail sale of electrical household appliances in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 95220Repair of household appliances and home and garden equipment
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (57/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
11 officers (4 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • • 3 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-12-02
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  3. 2025-12-01
    ➕
    SMITH, Karen Ann appointed
    secretary
  4. 2025-11-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-11-12
    ➖
    ROSS, Alexandra resigned
    secretary
  7. 2025-11-12
    ➖
    MACLEAN, Donald, Professor resigned
    director
  8. 2025-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-05-08
    ➕
    MACLEAN, Donald, Professor appointed
    director
  10. 2024-12-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2023-11-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2022-11-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2021-12-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2021-08-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-08-19
    ➕
    MARTIN, Donald John appointed
    director
  17. 2021-08-12
    ➖
    STEELE, Ian Kenneth resigned
    director
  18. 2021-02-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2021-02-04
    ➖
    INGLIS, Thomas resigned
    director
  20. 2020-12-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2019-11-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2019-05-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2019-05-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  24. 2019-05-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2019-05-16
    ➕
    MCLENNAN, Okain John appointed
    director
  26. 2019-05-16
    ➕
    ROSS, Alexandra appointed
    secretary
  27. 2019-05-16
    ➕
    STEELE, Ian Kenneth appointed
    director
  28. 2019-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  29. 2019-01-31
    ➖
    CAMPBELL-LLOYD, Sheila Torley resigned
    director
  30. 2018-09-28
    ➖
    WARNER, Jacolyn Shirley resigned
    secretary
  31. 2017-11-02
    ➕
    CLARK, Colin Forbes appointed
    director
  32. 2017-11-02
    ➕
    CAMPBELL-LLOYD, Sheila Torley appointed
    director
  33. 2017-11-02
    ➖
    TUDHOPE, William Kirkwood Mackenzie resigned
    director
  34. 2017-03-01
    🏢
    Company incorporated
    As I.L.M. (TRADING) LIMITED
  35. 2017-03-01
    ➕
    WARNER, Jacolyn Shirley appointed
    secretary
  36. 2017-03-01
    ➕
    INGLIS, Thomas appointed
    director
  37. 2017-03-01
    ➕
    TUDHOPE, William Kirkwood Mackenzie appointed
    director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-14

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ROSS, Alexandra resigned 2025-11-12; MACLEAN, Donald, Professor resigned 2025-11-12

Group structure

I.L.M. (Highland) is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
I.L.M. (Highland)
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
I.L.M. (TRADING) LIMITED
This company · SC559148

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
I.L.M. (Highland)
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/03/2017

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.

See pricing →

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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 →
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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
Incorporated2017-03-01
Jurisdictionscotland
Primary SIC47540 — Retail sale of electrical household appliances in specialised stores

Registered office

Unit 1g Teaninich Industrial Estate
Alness
Ross-Shire
IV17 0XS
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-14OVERDUE
Last: 2025-02-28

Officers (4 active · 7 resigned)

SMITH, Karen Ann→
secretary · appointed 2025-12-01
View their other companies + combined net worth →
Active
CLARK, Colin Forbes→
director · ~66y · appointed 2017-11-02
View their other companies + combined net worth →
Active
MARTIN, Donald John→
director · ~70y · appointed 2021-08-19
View their other companies + combined net worth →
Active
MCLENNAN, Okain John→
director · ~78y · appointed 2019-05-16
View their other companies + combined net worth →
Active
ROSS, Alexandra→
secretary · appointed 2019-05-16 · resigned 2025-11-12
Resigned
WARNER, Jacolyn Shirley→
secretary · appointed 2017-03-01 · resigned 2018-09-28
Resigned
CAMPBELL-LLOYD, Sheila Torley→
director · ~59y · appointed 2017-11-02 · resigned 2019-01-31
Resigned
INGLIS, Thomas→
director · ~79y · appointed 2017-03-01 · resigned 2021-02-04
Resigned
MACLEAN, Donald, Professor→
director · ~65y · appointed 2025-05-08 · resigned 2025-11-12
Resigned
STEELE, Ian Kenneth→
director · ~58y · appointed 2019-05-16 · resigned 2021-08-12
Resigned
TUDHOPE, William Kirkwood Mackenzie→
director · ~62y · appointed 2017-03-01 · resigned 2017-11-02
Resigned

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

Recent filings (32 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-10
appoint-person-secretary-company-with-name-date
officers · AP03
2025-12-02
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-19
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
appoint-person-director-company-with-name-date
officers · AP01
2025-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-small
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-small
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
accounts-with-accounts-type-small
accounts · AA
2022-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-small
accounts · AA
2021-12-14
appoint-person-director-company-with-name-date
officers · AP01
2021-08-23
termination-director-company-with-name-termination-date
officers · TM01
2021-08-23