MILSUT1 LIMITED

⚰️Wound downdissolved
SC666244 · ltd · incorporated 2020-07-03
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
48/100
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
22 connected companies via shared directors
90
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
5
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2023-08-23
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2023-08-23
    🏁
    Company dissolved
  3. 2023-05-23
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting-scotland
    insolvency · LIQ13(Scot)
  4. 2022-05-09
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2022-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2020-10-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-10-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-09-04
    📄
    memorandum-articles
    incorporation · MA
  11. 2020-09-04
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2020-08-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2020-08-05
    📄
    capital-allotment-shares
    capital · SH01
  14. 2020-08-05
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2020-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-07-30
    MILLOY, Fiona appointed
    director
  18. 2020-07-30
    SUTHERLAND, Jan Maureen appointed
    director
  19. 2020-07-03
    🏢
    Company incorporated
    As MILSUT1 LIMITED
  20. 2020-07-03
    MILLOY, David Thomas appointed
    director
  21. 2020-07-03
    SUTHERLAND, Andrew appointed
    director
  22. 2020-07-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.

Red flags

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-08-23

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-08-23: gazette-dissolved-liquidation; 2023-05-23: liquidation-voluntary-members-return-of-final-meeting-scotland

Group structure

A&D Corporate Holdings Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
A&D Corporate Holdings Llp
Corporate parent · holds 75-100% shares · board control
ultimate parent
MILSUT1 LIMITED
This company · SC666244

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
A&D Corporate Holdings Llp
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/07/2020

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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.

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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.

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Company details

Statusdissolved
Typeltd
Incorporated2020-07-03
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

C/O THOMSON COOPER
3 Castle Court Carnegie Campus
Dunfermline
KY11 8PB

Filing status

Accounts
Next due:
Last made up to: 2021-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

MILLOY, David Thomas
director · ~61y · appointed 2020-07-03
View their other companies + combined net worth →
Active
MILLOY, Fiona
director · ~66y · appointed 2020-07-30
View their other companies + combined net worth →
Active
SUTHERLAND, Andrew
director · ~65y · appointed 2020-07-03
View their other companies + combined net worth →
Active
SUTHERLAND, Jan Maureen
director · ~64y · appointed 2020-07-30
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

gazette-dissolved-liquidation
gazette · GAZ2
2023-08-23
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2023-05-23
resolution
resolution · RESOLUTIONS
2022-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-23
change-account-reference-date-company-previous-extended
accounts · AA01
2022-03-16
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-02
change-person-director-company-with-change-date
officers · CH01
2020-10-22
change-person-director-company-with-change-date
officers · CH01
2020-10-22
memorandum-articles
incorporation · MA
2020-09-04
resolution
resolution · RESOLUTIONS
2020-09-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-08-18
capital-allotment-shares
capital · SH01
2020-08-05
resolution
resolution · RESOLUTIONS
2020-08-05
appoint-person-director-company-with-name-date
officers · AP01
2020-08-04