GRANITE WORKS LIMITED
💤Zombieactive
SC204911 · ltd · incorporated 2000-03-13
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 Sept 2024
Net worth
£934.8k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). 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 (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 12.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £934,783
Cash YoY
-15%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£223k
↓ 15% YoY
Net Worth
£935k
↑ 10% YoY
Current Assets
£1.1m
↓ 1.8% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £1.06M | £891.6k |
| Current assets | £1.07M | £1.09M |
| Cash | £222.8k | £261.5k |
| Debtors | £416.4k | £435.7k |
| Net assets | £934.8k | £848.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-05-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-05-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-05-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-17➕HEALEY-JARDINE, Kelsey Anne appointedsecretary
- 2025-04-17➖ROBINSON, Ann resignedsecretary
- 2025-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-04🔒Charge registered #2Lender: Virgin Money
- 2024-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-11📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-04📄capital-name-of-class-of-sharescapital · SH08
- 2020-12-02📄resolutionresolution · RESOLUTIONS
- 2020-12-02📄memorandum-articlesincorporation · MA
- 2020-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-12-10🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2006-09-06➖HEALEY, Christopher David resignedsecretary
- 2006-09-06➕ROBINSON, Ann appointedsecretary
- 2006-06-05➖HEALEY, Bryan resigneddirector
- 2003-09-30➖HEALEY, John Stephen resigneddirector
- 2000-03-13🏢Company incorporatedAs GRANITE WORKS LIMITED
- 2000-03-13➕HEALEY, Christopher David appointeddirector
- 2000-03-13➕HEALEY, Christopher David appointedsecretary
- 2000-03-13➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2000-03-13➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2000-03-13➕HEALEY, Bryan appointeddirector
- 2000-03-13➕HEALEY, John Stephen appointeddirector
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher David Healey Individual · British · DOB 07/1968 · age 58 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| JOWAH UK LIMITED→ SC533484 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| PATH TO SUCCESS CONSULTANTS LTD→ 13203893 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| PEGASUS JEWELLERY LTD→ SC597159 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| R. BARBOUR & SONS. LIMITED→ SC010111 · est 1918 · no financials extracted | — | — | — | — | 107y | — | — |
| ROSEFIELD MILLS GALLERY C.I.C.→ SC747572 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| SHIPMENTX LIMITED→ SC776721 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SOUTHERNESS MINI MARKET LTD→ SC425325 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ST MICHAEL'S SERVICES LIMITED→ SC221622 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| TAG FEUDS LTD→ SC850410 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE FOX AND BADGER EMPORIUM LTD→ SC858131 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE MARKET PLACE DG1 LTD→ 17003749 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2000-03-13
Jurisdictionscotland
Primary SIC47990 — Other retail sale not in stores, stalls or markets
Registered office
51 Rae Street
Dumfries
Dumfriesshire
DG1 1JD
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01
Officers (2 active · 5 resigned)
HEALEY-JARDINE, Kelsey Anne→
Activesecretary · appointed 2025-04-17
View their other companies + combined net worth →
HEALEY, Christopher David→
Activedirector · ~58y · appointed 2000-03-13
View their other companies + combined net worth →
HEALEY, Christopher David→
Resignedsecretary · appointed 2000-03-13 · resigned 2006-09-06
ROBINSON, Ann→
Resignedsecretary · appointed 2006-09-06 · resigned 2025-04-17
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-03-13 · resigned 2000-03-13
HEALEY, Bryan→
Resigneddirector · ~96y · appointed 2000-03-13 · resigned 2006-06-05
HEALEY, John Stephen→
Resigneddirector · ~71y · appointed 2000-03-13 · resigned 2003-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money | A registered charge | 1 property | 04/04/2025 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 10/12/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-06
appoint-person-secretary-company-with-name-date
officers · AP03
2025-05-16
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-16