BARE PHARMACY LIMITED

🌳Matureactive
04234050 · ltd · incorporated 2001-06-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£291.9k
book net assets
Opportunity
75/100
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 75/100 (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 8.3y

30/100
under pressure

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

  • · Oldest live charge is 8.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 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
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £291,927
Cash YoY
-30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£96k
↓ 30% YoY
Net Worth
£292k
↑ 5.3% YoY
Current Assets
£489k
↓ 11% YoY
Current Liabilities
—
£0£109k£219k£328k£437k£546kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£291.9k£277.3k
Current assets£488.5k£546.4k
Cash£96.1k£136.6k
Debtors£341.9k£343.3k
Net assets£291.9k£277.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-08-18
    🔒
    Charge registered #2
    Lender: Barclays Security Trustee Limited
  8. 2021-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2018-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2018-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2018-04-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2018-04-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2018-04-17
    ➕
    GADANI, Bina Manish appointed
    director
  18. 2018-04-17
    ➕
    GADANI, Manish Arun Harilal appointed
    director
  19. 2018-04-17
    ➖
    MCKENZIE, Dorothy Sybil Mary resigned
    secretary
  20. 2018-04-17
    ➖
    MCKENZIE, Dorothy Sybil Mary resigned
    director
  21. 2018-04-17
    ➖
    MCKENZIE, John Ferguson resigned
    director
  22. 2018-04-17
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  23. 2001-06-13
    🏢
    Company incorporated
    As BARE PHARMACY LIMITED
  24. 2001-06-13
    ➕
    MCKENZIE, Dorothy Sybil Mary appointed
    secretary
  25. 2001-06-13
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  26. 2001-06-13
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  27. 2001-06-13
    ➕
    MCKENZIE, Dorothy Sybil Mary appointed
    director
  28. 2001-06-13
    ➕
    MCKENZIE, John Ferguson appointed
    director
  29. 2001-06-13
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  30. 2001-06-13
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-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

46/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

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

🏛️
Rinik Pharm Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
BARE PHARMACY LIMITED
This company · 04234050

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%
NameSharesVoting rightsNature of controlNotified
Rinik Pharm Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control17/04/2018
2 historic (ceased) PSCs
  • Dorothy Sybil Mary Mckenzieceased 17/04/2018· 25-50% shares · 25-50% voting
  • John Ferguson Mckenzieceased 17/04/2018· 50-75% shares · 50-75% voting · board control

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

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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
Incorporated2001-06-13
Jurisdictionengland-wales
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

Bare Pharmacy 45 Princes Crescent
Bare
Morecambe
Lancashire
LA4 6BY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-28
Last: 2026-06-14

Officers (2 active · 5 resigned)

GADANI, Bina Manish→
director · ~57y · appointed 2018-04-17
View their other companies + combined net worth →
Active
GADANI, Manish Arun Harilal→
director · ~57y · appointed 2018-04-17
View their other companies + combined net worth →
Active
MCKENZIE, Dorothy Sybil Mary→
secretary · appointed 2001-06-13 · resigned 2018-04-17
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2001-06-13 · resigned 2001-06-13
Resigned
MCKENZIE, Dorothy Sybil Mary→
director · ~66y · appointed 2001-06-13 · resigned 2018-04-17
Resigned
MCKENZIE, John Ferguson→
director · ~59y · appointed 2001-06-13 · resigned 2018-04-17
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2001-06-13 · resigned 2001-06-13
Resigned

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
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—18/08/2022—
outstanding
Barclays
Barclays Bank PLC
A registered charge—17/04/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-29
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-25