FULLARTON PHARMACY LIMITED

🌳Matureactive
NI049339 · ltd · incorporated 2004-01-19
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-60.1k
book net assets
Opportunity
75/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒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
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 57). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 22.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
66 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
65
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £60,095
Net assets shrinking
Down £60,264 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£60k
↓ 35659% YoY
Current Assets
£451k
↑ 3.9% YoY
Current Liabilities
—
-£60k£42k£144k£247k£349k£451kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£375.7k£464.1k
Current assets£451.0k£434.0k
Debtors£237.2k£215.8k
Net assets£-60.1k£169

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-01-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2023-01-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-06-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-06-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-06-08
    🔓
    Charge satisfied #5
  9. 2022-06-08
    🔓
    Charge satisfied #4
  10. 2021-12-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-01-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2020-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2019-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-11-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-05-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2016-04-29
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Ireland
  18. 2014-01-22
    🔓
    Charge satisfied #3
  19. 2014-01-22
    🔓
    Charge satisfied #2
  20. 2014-01-22
    🔓
    Charge satisfied #1
  21. 2008-05-14
    🔒
    Charge registered #5
    Lender: Ulster Bank Limited
  22. 2008-05-14
    🔒
    Charge registered #4
    Lender: Ulster Bank Limited
  23. 2004-07-28
    🔒
    Charge registered #3
    Lender: Aah Pharmaceuticals
  24. 2004-06-02
    🔒
    Charge registered #2
    Lender: Bank Scotland (Ire)
  25. 2004-04-01
    🔒
    Charge registered #1
    Lender: Canada House, 65-68
  26. 2004-01-19
    🏢
    Company incorporated
    As FULLARTON PHARMACY LIMITED
  27. 2004-01-19
    ➕
    FULLARTON- HEALEY, Adam appointed
    secretary
  28. 2004-01-19
    ➕
    FULLARTON-HEALEY, Adam James appointed
    director
  29. 2004-01-19
    ➕
    FULLARTON-HEALEY, Carole Anne appointed
    director
  30. 2004-01-19
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  31. 2004-01-19
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Adam James Fullarton-Healey
Individual · Australian · DOB 05/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting08/01/2017
Mrs Carole Anne Fullarton-Healey
Individual · British · DOB 12/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting08/01/2017

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

Active · Retail · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
G J COAST LTD→
NI656571 · est 2018 · no financials extracted
————7y——
GAELÚ LTD→
NI727240 · est 2025 · no financials extracted
————1y——
GALDOR GROUP LTD→
NI717120 · est 2024 · no financials extracted
————1y——
GCS DERRY LTD→
NI723972 · est 2024 · no financials extracted
————1y——
GET BETTER LURGAN LTD→
NI732932 · est 2025 · no financials extracted
———————
GET COZY LTD→
NI729999 · est 2025 · no financials extracted
———————
GGG DEPOT LTD→
NI655572 · est 2018 · no financials extracted
————7y——
GHAN FILLING STATION LIMITED→
NI604603 · est 2010 · no financials extracted
————15y——
GILES GLASS LTD→
NI731063 · est 2025 · no financials extracted
———————
GILLIAN JOHNSON LIMITED→
NI663034 · est 2019 · no financials extracted
————6y——
GILLIAN MCKEE LIMITED→
NI035377 · est 1998 · no financials extracted
————27y——
GILLIS FOODS LIMITED→
NI654051 · est 2018 · no financials extracted
————7y——
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
Incorporated2004-01-19
Jurisdictionnorthern-ireland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

16 Mount Charles
Belfast
BT7 1NZ

Filing status

Accounts
Next due: 2027-01-29
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08

Officers (3 active · 1 resigned)

FULLARTON- HEALEY, Adam→
secretary · appointed 2004-01-19
View their other companies + combined net worth →
Active
FULLARTON-HEALEY, Adam James→
director · ~57y · appointed 2004-01-19
View their other companies + combined net worth →
Active
FULLARTON-HEALEY, Carole Anne→
director · ~55y · appointed 2004-01-19
View their other companies + combined net worth →
Active
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2004-01-19 · resigned 2004-01-19
Resigned

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

Mortgages & charges

6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland
A registered charge—29/04/2016—
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property14/05/200808/06/2022
satisfied
NatWest Group
Ulster Bank Limited
Debenture2 properties14/05/200808/06/2022
satisfied
Aah Pharmaceuticals / Farillon
Aah Pharmaceuticals / Farillon Limited
Mortgage or charge2 properties28/07/200422/01/2014
satisfied
Bank Scotland (Ire)
Mortgage or charge2 properties02/06/200422/01/2014
satisfied
Lloyds Banking Group
Canada House, 65-68 / Bank of Scotland / Dublin 2
Mortgage or charge1 property01/04/200422/01/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-10
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-08
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-14