NORVIK PHARMACIES LIMITED

⚰️Wound downdissolved

SC109313 · ltd · incorporated 1988-02-18

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Why now

Window steady · medium confidence

Mixed signals — 1 changes over 30 days, no clear direction yet.

· Refinance opportunity: ready → clean_up_first

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 38.1y old — refinance window within 12 months

What changed my view

Last 30 days

Mixed signals in the last 30 days — 0 improved, 0 worsened.

·Refinance opportunity: ready → clean_up_first

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

£0

year to Mar 2022

Net worth

—

book net assets

Opportunity

54/100

Worth a look

🔒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 unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 38.1y

60/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 38.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.
· Not currently profitable — coverage conversation is a harder sell.

Data confidence

Overall: high (82/100)

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

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

7 officers (3 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

12 connected companies via shared directors

Filing history

115 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

54/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £0

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2022-03-31	2021-03-31
Turnover	£0	—
Gross profit	£0	—
Operating profit	£0	—
Profit before tax	£0	—
Average employees	0	5000

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2024-02-06
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2024-02-06
🏁
Company dissolved
2023-11-21
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2023-11-15
📄
dissolution-application-strike-off-company
dissolution · DS01
2022-12-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-03-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-08
📄
legacy
other · GUARANTEE2
2021-01-19
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-01-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-01-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-01-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-01-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-01-19
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-01-19
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-01-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-08
➕
EMBREY, Michael appointed
secretary
2021-01-08
➕
EMBREY, Michael appointed
director
2021-01-08
➕
WICKS, Noel James appointed
director
2021-01-08
➖
FARQUHAR, John resigned
secretary
2021-01-08
➖
FARQUHAR, Alistair John Stewart resigned
director
2021-01-08
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2020-10-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-21
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-03-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-03-09
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-04-01
➖
FARQUHAR, Johanna Elizabeth resigned
director
2018-01-06
➖
FARQUHAR, Rona Mackay resigned
director
2016-05-17
🔓
Charge satisfied #3
2016-05-17
🔓
Charge satisfied #2
2016-04-22
🔓
Charge satisfied #1
2012-09-20
➕
FARQUHAR, Johanna Elizabeth appointed
director
1988-06-02
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
1988-06-02
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1988-04-15
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1988-02-18
🏢
Company incorporated
As NORVIK PHARMACIES LIMITED

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-02-06

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.

Group structure

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

🏛️

Norvik Holdings Limited

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

ultimate parent

⬇

NORVIK PHARMACIES LIMITED

This company · SC109313

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
Norvik Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	09/05/2016

2 historic (ceased) PSCs

Mr Alastiar John Stewart Farquharceased 08/01/2021· significant influence
Mr Alistair John Stewart Farquharceased 09/05/2016· 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

Active · Retail · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE PAINT SHED LIMITED→ SC031414 · est 1956	£8.76M £6.57M–£10.95M	£23.04M	—	10500	70y	83	70y
WEB PHARMACY LIMITED→ SC361420 · est 2009	£24.1k £18.1k–£30.2k	—	—	83	16y	84	51y
GRAMPIAN BLINDS LIMITED→ SC232209 · est 2002	—	—	—	700	23y	83	64y
KHALSA RETAIL LTD→ SC297040 · est 2006	—	—	—	1300	20y	83	62y
ANGLING ACTIVE LIMITED→ SC194095 · est 1999	—	—	—	2000	27y	82	78y
CAFE ALBERT LIMITED→ SC151077 · est 1994	—	—	—	30	32y	82	79y
DUNBAR THE JEWELLER LIMITED→ SC150912 · est 1994	—	—	£29.5k	—	32y	82	69y
EAST BOLDON VILLAGE PHARMACY LIMITED→ SC224250 · est 2001	—	—	£116.8k	—	24y	82	68y
FRAMED IMAGES WORKSHOPS LIMITED→ SC190202 · est 1998	—	—	£31.2k	—	27y	82	70y
HARGREAVES RECLAMATION LIMITED→ SC246805 · est 2003	—	—	—	700	23y	82	68y
JOHN HILL BUTCHER LIMITED→ SC223783 · est 2001	—	—	£120.7k	—	24y	82	63y
MAC AUTO ELECTRICS LIMITED→ SC109018 · est 1988	—	—	—	500	38y	82	80y

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

🔒Tailored diligence questions

8 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

Statusdissolved

Typeltd

Incorporated1988-02-18

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

79-81 Bandeath Industrial Estate

Throsk

Stirling

FK7 7NP

Scotland

Filing status

Accounts

Next due: —

Last made up to: 2022-03-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 4 resigned)

EMBREY, Michael→

secretary · appointed 2021-01-08

View their other companies + combined net worth →

Active

EMBREY, Michael→

director · ~48y · appointed 2021-01-08

View their other companies + combined net worth →

Active

WICKS, Noel James→

director · ~49y · appointed 2021-01-08

View their other companies + combined net worth →

Active

FARQUHAR, John→

secretary · resigned 2021-01-08

Resigned

FARQUHAR, Alistair John Stewart→

director · ~67y · resigned 2021-01-08

Resigned

FARQUHAR, Johanna Elizabeth→

director · ~66y · appointed 2012-09-20 · resigned 2019-04-01

Resigned

FARQUHAR, Rona Mackay→

director · ~95y · resigned 2018-01-06

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	08/01/2021	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	02/06/1988	17/05/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	02/06/1988	17/05/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	15/04/1988	22/04/2016

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

Recent filings (115 total)

gazette-dissolved-voluntary

gazette · GAZ2(A)

2024-02-06

gazette-notice-voluntary

gazette · GAZ1(A)

2023-11-21

dissolution-application-strike-off-company

dissolution · DS01

2023-11-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-20

accounts-with-accounts-type-dormant

accounts · AA

2022-12-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-28

legacy

other · GUARANTEE2

2021-12-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-11-19

appoint-person-secretary-company-with-name-date

officers · AP03

2021-01-19

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

officers · AP01

2021-01-19

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

address · AD01

2021-01-19

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

officers · TM01

2021-01-19

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

officers · AP01

2021-01-19

termination-secretary-company-with-name-termination-date

officers · TM02

2021-01-19