ARMYCHAP LIMITED

💤Zombieactive

SC274762 · ltd · incorporated 2004-10-14

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 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Dispensing chemist in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 61). 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

1 live charge · oldest 21.5y

45/100

under pressure

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

· Oldest live charge is 21.5 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (1 active, 7 linked, 3 with DOB)

Ownership & PSC

0 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

71 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30	2024-09-30
Total assets	—	£699.8k
Net assets	—	£699.8k
Average employees	0	—

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2026-04-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-14
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2025-10-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-30
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2023-05-23
📄
resolution
resolution · RESOLUTIONS
2023-05-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-01-18
🔓
Charge satisfied #1
2017-11-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-09-15
➖
FERGUSON, Jim resigned
secretary
2015-09-15
➖
FERGUSON, Jim resigned
director
2007-07-24
➕
FERGUSON, Jim appointed
secretary
2007-07-24
➖
RAE, James Falconer resigned
secretary
2007-07-24
➕
FERGUSON, Jim appointed
director
2007-07-24
➖
RAE, James Falconer resigned
director
2004-11-01
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2004-10-14
🏢
Company incorporated
As ARMYCHAP LIMITED
2004-10-14
➕
RAE, Elaine Margaret appointed
director
2004-10-14
➕
RAE, James Falconer appointed
secretary
2004-10-14
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2004-10-14
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2004-10-14
➕
RAE, James Falconer appointed
director
2004-10-14
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director
2004-10-14
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director

Owner dependency

93/100

Critical — business is the founder

The 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 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. 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 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒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 →

Similar companies

Active · Retail · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ASTHETIC PRODUCTS LTD→ SC819080 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ASTS ENTERPRISES UK LIMITED→ SC795576 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ATREST LTD→ SC861001 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AULDS OAK MALL LIMITED→ SC606118 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
AYEZA COLLECTION LTD→ SC822518 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AZZA UK CONSULTANTS LTD→ SC478824 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
B2 CONVENIENCE LTD→ SC857676 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BABAN TRADING LTD→ SC864164 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BACKWOODSMAN ENGINEERING LTD→ SC373947 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
BALNANCY L A LIMITED→ SC454057 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
BALVICAR CONVENIENCE STORES LTD→ SC427246 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BARAKOTI GROCERIES LIMITED→ SC883288 · 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

Incorporated2004-10-14

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

Hermiston

Glencairn Road

Kilmacolm

Renfrewshire

PA13 4NR

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-10-28

Last: 2025-10-14

Officers (1 active · 6 resigned)

RAE, Elaine Margaret→

director · ~61y · appointed 2004-10-14

View their other companies + combined net worth →

Active

FERGUSON, Jim→

secretary · appointed 2007-07-24 · resigned 2015-09-15

Resigned

RAE, James Falconer→

secretary · appointed 2004-10-14 · resigned 2007-07-24

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2004-10-14 · resigned 2004-10-14

Resigned

FERGUSON, Jim→

director · ~91y · appointed 2007-07-24 · resigned 2015-09-15

Resigned

RAE, James Falconer→

director · ~70y · appointed 2004-10-14 · resigned 2007-07-24

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2004-10-14 · resigned 2004-10-14

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	01/11/2004	18/01/2018

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-04-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-14

notification-of-a-person-with-significant-control-statement

persons-with-significant-control · PSC08

2025-10-14

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-10-14

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-09-01

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-09-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-02

confirmation-statement-with-updates

confirmation-statement · CS01

2024-10-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-03-21

confirmation-statement-with-updates

confirmation-statement · CS01

2023-10-16

capital-alter-shares-redemption-statement-of-capital

capital · SH02

2023-05-30

resolution

resolution · RESOLUTIONS

2023-05-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-05-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-10-17

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-10