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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Sept 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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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 21.6y

45/100
under pressure

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

  • · Oldest live charge is 21.6 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
71 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£140k£280k£420k£560k£700kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets—£699.8k
Net assets—£699.8k
Average employees0—

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-14
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  3. 2025-10-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-09-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-09-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-30
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  9. 2023-05-23
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2023-05-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-01-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2018-01-18
    🔓
    Charge satisfied #1
  18. 2017-11-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2015-09-15
    ➖
    FERGUSON, Jim resigned
    secretary
  20. 2015-09-15
    ➖
    FERGUSON, Jim resigned
    director
  21. 2007-07-24
    ➕
    FERGUSON, Jim appointed
    secretary
  22. 2007-07-24
    ➖
    RAE, James Falconer resigned
    secretary
  23. 2007-07-24
    ➕
    FERGUSON, Jim appointed
    director
  24. 2007-07-24
    ➖
    RAE, James Falconer resigned
    director
  25. 2004-11-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  26. 2004-10-14
    🏢
    Company incorporated
    As ARMYCHAP LIMITED
  27. 2004-10-14
    ➕
    RAE, Elaine Margaret appointed
    director
  28. 2004-10-14
    ➕
    RAE, James Falconer appointed
    secretary
  29. 2004-10-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  30. 2004-10-14
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  31. 2004-10-14
    ➕
    RAE, James Falconer appointed
    director
  32. 2004-10-14
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  33. 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 →

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——7443y8575y
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SC630925 · est 2019
£21.5k
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——8007y8837y
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————23y8375y
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———8521y8359y
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———215y8259y
ANGELLINE (SCOTLAND) LTD.→
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———015y8261y
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———1121y8261y
COMMERCIAL & INDUSTRIAL CLEANING SUPPLIES LIMITED→
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————20y8262y
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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
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

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/11/200418/01/2018

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