AIRTH PHARMACY LTD

🏛️Establishedactive

SC565115 · ltd · incorporated 2017-05-05

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£212.2k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Dispensing chemist in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.1y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 6.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

4 officers (2 active, 4 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

34 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £212,182

Cash YoY

-10%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£69k

↓ 9.9% YoY

Net Worth

£212k

↑ 23% YoY

Current Assets

£304k

↑ 9.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£212.4k	£172.9k
Current assets	£303.8k	£277.8k
Cash	£68.5k	£76.1k
Debtors	£205.4k	£175.1k
Net assets	£212.2k	£172.6k

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

filings

Last 90 days

filings

Last 180 days

filings

• 3 officers
• 2 mortgage
• 1 address

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-11-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-04
🔓
Charge satisfied #1
2025-10-31
➕
GEDDES, Katrina Jennifer appointed
director
2025-10-31
➕
GEDDES, Stuart appointed
director
2025-10-31
➖
PORTER, John resigned
director
2025-10-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-31
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2025-07-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-06
📄
legacy
miscellaneous · RP04CS01
2020-04-02
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-04-02
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-04-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-03-31
➖
CURRIE, John resigned
director
2020-03-31
🔒
Charge registered #1
Lender: Unity Trust Bank PLC
2019-07-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-08-06
➕
PORTER, John appointed
director
2017-05-05
🏢
Company incorporated
As AIRTH PHARMACY LTD
2017-05-05
➕
CURRIE, John appointed
director

Owner dependency

66/100

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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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.)

Group structure

Cradan Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Cradan Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

AIRTH PHARMACY LTD

This company · SC565115

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%

Name	Shares	Voting rights	Nature of control	Notified
Cradan Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	31/03/2020

1 historic (ceased) PSC

Mr John Currieceased 31/03/2020· 75-100% shares

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.

See pricing →

Similar companies

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A G BANNERMAN LIMITED→ SC231282 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
ABZT RETAILS LTD→ SC700579 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADAM PVT LTD→ SC798595 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AESTHOLOGY LTD→ SC715111 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AFAH LIMITED→ SC711794 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AFSHAN TRADERS LTD→ SC785718 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AHSANTRADEX LIMITED→ SC882426 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AIMEE BRIDAL COUTURE LIMITED→ SC552805 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
AISHA ZAKHO LTD→ SC667959 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AJ CARPETS LTD→ SC721107 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AJAVED INC LTD→ SC758717 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
AK DIGITAL MUSIC AND MEDIA PUBLISHING LTD→ SC867018 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2017-05-05

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

C/O Robb Ferguson Ca Regent Court

70 West Regent Street

Glasgow

G2 2QZ

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-05-16

Last: 2025-05-02

Officers (2 active · 2 resigned)

GEDDES, Katrina Jennifer→

director · ~42y · appointed 2025-10-31

View their other companies + combined net worth →

Active

GEDDES, Stuart→

director · ~47y · appointed 2025-10-31

View their other companies + combined net worth →

Active

CURRIE, John→

director · ~67y · appointed 2017-05-05 · resigned 2020-03-31

Resigned

PORTER, John→

director · ~60y · appointed 2018-08-06 · resigned 2025-10-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	31/10/2025	—
	satisfied	Unity Trust Bank Unity Trust Bank PLC	A registered charge	—	31/03/2020	04/11/2025

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-11-05

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-04

appoint-person-director-company-with-name-date

officers · AP01

2025-10-31

appoint-person-director-company-with-name-date

officers · AP01

2025-10-31

termination-director-company-with-name-termination-date

officers · TM01

2025-10-31

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

address · AD01

2025-10-31