ALHAMA HOLDINGS LIMITED

💤Zombieactive
SC593255 · ltd · incorporated 2018-04-04
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 Apr 2025
Net worth
£61.5k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

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. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 7.9y

30/100
under pressure

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

  • · Oldest live charge is 7.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £61,525
Cash YoY
-19%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 19% YoY
Net Worth
£62k
↑ 9.3% YoY
Current Assets
£9k
↑ 5.2% YoY
Current Liabilities
£0£12k£25k£37k£49k£62kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£185.5k£193.4k
Current assets£8.9k£8.4k
Cash£6.8k£8.4k
Debtors£2.0k
Net assets£61.5k£56.3k

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
2
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-09-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-09-26
    MARR, Derek resigned
    director
  5. 2024-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-04-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-04-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-03-21
    MILTON, Alan John resigned
    director
  12. 2022-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-05-01
    MARR, Derek appointed
    director
  14. 2021-04-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-03-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-11-17
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  17. 2020-11-17
    📄
    capital-name-of-class-of-shares
    capital · SH08
  18. 2020-11-17
    📄
    memorandum-articles
    incorporation · MA
  19. 2020-11-16
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2020-07-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2020-07-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2020-07-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2020-07-20
    🔓
    Charge satisfied #2
  24. 2020-07-20
    🔓
    Charge satisfied #1
  25. 2020-07-07
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  26. 2020-03-17
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  27. 2019-10-20
    MILTON, Nicola appointed
    director
  28. 2018-07-13
    🔒
    Charge registered #2
    Lender: Caledonian Heritable Limited
  29. 2018-06-15
    🔒
    Charge registered #1
    Lender: Caledonian Heritable Limited
  30. 2018-04-04
    🏢
    Company incorporated
    As ALHAMA HOLDINGS LIMITED
  31. 2018-04-04
    MILTON, Alan John 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Ms Nicola Milton
Individual · British · DOB 08/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting04/04/2018
1 historic (ceased) PSC
  • Mr Alan John Miltonceased 04/04/2021· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2018-04-04
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

46 Bankton Way
Livingston
EH54 9EG
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (1 active · 2 resigned)

MILTON, Nicola
director · ~51y · appointed 2019-10-20
View their other companies + combined net worth →
Active
MARR, Derek
director · ~77y · appointed 2021-05-01 · resigned 2025-09-26
Resigned
MILTON, Alan John
director · ~51y · appointed 2018-04-04 · resigned 2022-03-21
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property07/07/2020
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge17/03/2020
satisfied
Caledonian Heritable
Caledonian Heritable Limited
A registered charge1 property13/07/201820/07/2020
satisfied
Caledonian Heritable
Caledonian Heritable Limited
A registered charge15/06/201820/07/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-20
termination-director-company-with-name-termination-date
officers · TM01
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-05
termination-director-company-with-name-termination-date
officers · TM01
2023-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-18
appoint-person-director-company-with-name-date
officers · AP01
2022-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-19