BROWN & MCILWAINE JOINERY LTD

🌿Early-stageactive
SC779335 · ltd · incorporated 2023-08-16
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Aug 2024
Net worth
£-7.8k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 70/100. 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 (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £7,794

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£8k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-31
Net assets£-7.8k

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 (7 events)Click to expand
  1. 2026-02-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-10-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2023-08-16
    🏢
    Company incorporated
    As BROWN & MCILWAINE JOINERY LTD
  5. 2023-08-16
    BROWN, Owen appointed
    director
  6. 2023-08-16
    MCILWAINE, Paul appointed
    director
  7. 2023-08-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
High — earn-out structure required

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

FACTORS
  • +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 "BROWN" — strong identity link between founder and business.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Owen Brown
Individual · British · DOB 02/1992 · age 34
2550%
25–50%board control25-50% shares · 25-50% voting · board control16/08/2023
Mr Paul Mcilwaine
Individual · British · DOB 04/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control16/08/2023

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

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.

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Company details

Statusactive
Typeltd
Incorporated2023-08-16
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

43a Kepscaith Road
Whitburn
Bathgate
EH47 8JB
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15

Officers (2 active · 0 resigned)

BROWN, Owen
director · ~34y · appointed 2023-08-16
View their other companies + combined net worth →
Active
MCILWAINE, Paul
director · ~36y · appointed 2023-08-16
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
gazette-notice-compulsory
gazette · GAZ1
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
incorporation-company
incorporation · NEWINC
2023-08-16