GRAY BATHROOMS LTD

🌿Early-stageactive
SC803991 · ltd · incorporated 2024-03-21
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
not disclosed
Net worth
book net assets
Opportunity
51/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
2 filings — limited history
30
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (3 events)Click to expand
  1. 2024-03-21
    🏢
    Company incorporated
    As GRAY BATHROOMS LTD
  2. 2024-03-21
    GRAY, Ryan appointed
    director
  3. 2024-03-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "GRAY" — strong identity link between founder and business.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-21

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ryan Gray
Individual · Scottish · DOB 09/1993 · age 33
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/03/2024

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Wholesale & distribution · ML postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
FLEETMAXX SOLUTIONS LTD
SC625987 · est 2019
£10.58M
£7.94M£13.23M
57y8360y
ATLAS WINCH & HOIST SERVICES LTD.
SC182734 · est 1998
£10.13M28y8368y
CHAPELHALL INDUSTRIAL BEARINGS LIMITED
SC116385 · est 1989
£74.9k37y8389y
HEAT SPARES LIMITED
SC100318 · est 1986
£434.4k39y8361y
HOSTWAVE LIMITED
SC366873 · est 2009
£372.1k16y8359y
BESTPUMP LTD.
SC267050 · est 2004
£196.4k22y8283y
CLARKE FIRE PROTECTION PRODUCTS LIMITED
SC081670 · est 1983 · no financials extracted
43y8277y
COLBROOK SUPPLIES DIRECT LTD.
SC251263 · est 2003
£255.0k22y8281y
CUSTOM CHEMICALS (SCOTLAND) LIMITED
SC209142 · est 2000
£134.6k25y8271y
DALZIEL LIMITED
SC063157 · est 1977 · no financials extracted
48y8271y
DIRECT MESH LOCKERS LIMITED
SC368301 · est 2009
£100.2k16y8267y
EURO HYDRAULICS SCOTLAND LIMITED
SC212241 · est 2000
25y8260y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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
Incorporated2024-03-21
Jurisdictionscotland
Primary SIC46740 — SIC 46740

Registered office

5 Church Street
Hamilton
ML3 6BA
Scotland

Filing status

Accounts
Next due: 2026-03-21OVERDUE
Last made up to:
Confirmation statement
Next due: 2026-04-03OVERDUE
Last: 2025-03-20

Officers (1 active · 0 resigned)

GRAY, Ryan
director · ~33y · appointed 2024-03-21
View their other companies + combined net worth →
Active

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

Recent filings (2 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
incorporation-company
incorporation · NEWINC
2024-03-21