SALRAM LIMITED

🌳Matureactive
SC121294 · ltd · incorporated 1989-11-14
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 20.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2024
Net worth
£1.60M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 76). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 20.7y

70/100
ready

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

  • · Oldest live charge is 20.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
22 officers (4 active, 22 linked, 16 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
148 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,599,039

Key financials

1 year extracted from filed iXBRL accounts
Cash
£226k
Net Worth
£1.6m
Current Assets
£1.1m
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-29
Total assets£1.60M
Current assets£1.12M
Cash£226.2k
Debtors£814.8k
Net assets£1.60M

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
  1. 2025-05-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-03-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-12-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-12-12
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2023-12-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2023-03-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2022-03-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2021-06-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-03-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2019-12-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2018-09-14
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2018-07-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-06-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2018-06-20
    ➖
    JONES, Darren Karl resigned
    director
  15. 2018-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2018-06-01
    ➕
    CLAYTON, Dorothy Joan, Dr appointed
    director
  17. 2017-05-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2017-05-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2017-05-02
    🔓
    Charge satisfied #4
  20. 2015-04-16
    🔓
    Charge satisfied #3
  21. 2015-04-13
    🔓
    Charge satisfied #1
  22. 2015-03-09
    🔒
    Charge registered #4
    Lender: Spencross Limited
  23. 2014-03-28
    🔓
    Charge satisfied #2
  24. 2008-03-19
    🔒
    Charge registered #3
    Lender: Monarent Limited
  25. 2006-04-19
    🔒
    Charge registered #2
    Lender: Monarent Limited
  26. 2005-09-02
    🔒
    Charge registered #1
    Lender: Monarent Limited
  27. 2003-08-12
    ➕
    CHUWEN, Nathan Duke appointed
    secretary
  28. 1999-09-21
    ➕
    ROBERTS, Raymond appointed
    secretary
  29. 1999-09-21
    ➖
    BUCKLEY, John Michael Joseph resigned
    secretary
  30. 1999-09-21
    ➕
    JONES, Darren Karl appointed
    director
  31. 1998-05-15
    ➕
    ROBERTS, Raymond appointed
    director
  32. 1998-05-15
    ➕
    BUCKLEY, John Michael Joseph appointed
    secretary
  33. 1998-05-15
    ➖
    DAVIES, John Richard Bridge resigned
    secretary
  34. 1998-05-15
    ➖
    KERSHAW, Graham Anthony resigned
    director
  35. 1998-05-15
    ➖
    MEISTER, Stefan Mario resigned
    director
  36. 1998-05-15
    ➖
    VIZARD, Ronald Charles, Harold resigned
    director
  37. 1997-03-14
    ➕
    DAVIES, John Richard Bridge appointed
    secretary
  38. 1997-03-14
    ➖
    MCPHERSON, Elizabeth Jean resigned
    secretary
  39. 1997-02-24
    ➖
    JACK, William Isaac resigned
    director
  40. 1997-01-21
    ➖
    FELLOWS, Jonathan resigned
    director
  41. 1997-01-21
    ➕
    KERSHAW, Graham Anthony appointed
    director
  42. 1997-01-21
    ➖
    LLOYD, Allen John resigned
    director
  43. 1997-01-21
    ➕
    MEISTER, Stefan Mario appointed
    director
  44. 1997-01-21
    ➖
    TURNER, Richard Gill resigned
    director
  45. 1997-01-21
    ➕
    VIZARD, Ronald Charles, Harold appointed
    director
  46. 1997-01-21
    ➖
    WARD, Michael Ashley resigned
    director
  47. 1995-07-03
    ➕
    FELLOWS, Jonathan appointed
    director
  48. 1995-06-13
    ➖
    LLOYD, Peter Edward resigned
    director
  49. 1995-02-08
    ➖
    BUCKELL, Stephen William resigned
    director
  50. 1994-07-18
    ➕
    WARD, Michael Ashley appointed
    director
Showing most recent 50 of 65 events

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 37 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.

Group structure

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

🏛️
Spencross Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SALRAM LIMITED
This company · SC121294

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
Spencross Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1989-11-14
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

C/O Kpmg Llp
191 West George Street
Glasgow
G2 2LJ

Filing status

Accounts
Next due: 2026-06-29
Last made up to: 2024-03-29
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26

Officers (4 active · 18 resigned)

CHUWEN, Nathan Duke→
secretary · appointed 2003-08-12
View their other companies + combined net worth →
Active
ROBERTS, Raymond→
secretary · appointed 1999-09-21
View their other companies + combined net worth →
Active
CLAYTON, Dorothy Joan, Dr→
director · ~76y · appointed 2018-06-01
View their other companies + combined net worth →
Active
ROBERTS, Raymond→
director · ~75y · appointed 1998-05-15
View their other companies + combined net worth →
Active
BUCKLEY, John Michael Joseph→
secretary · appointed 1998-05-15 · resigned 1999-09-21
Resigned
DAVIES, John Richard Bridge→
secretary · appointed 1997-03-14 · resigned 1998-05-15
Resigned
MCPHERSON, Elizabeth Jean→
secretary · appointed 1993-11-22 · resigned 1997-03-14
Resigned
MD SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1990-03-28 · resigned 1993-11-22
Resigned
BUCKELL, Stephen William→
director · ~77y · appointed 1993-11-22 · resigned 1995-02-08
Resigned
FELLOWS, Jonathan→
director · ~68y · appointed 1995-07-03 · resigned 1997-01-21
Resigned
JACK, William Isaac→
director · ~75y · appointed 1993-11-22 · resigned 1997-02-24
Resigned
JONES, Darren Karl→
director · ~60y · appointed 1999-09-21 · resigned 2018-06-20
Resigned
KERSHAW, Graham Anthony→
director · ~74y · appointed 1997-01-21 · resigned 1998-05-15
Resigned
LLOYD, Allen John→
director · ~77y · appointed 1993-11-22 · resigned 1997-01-21
Resigned
LLOYD, Peter Edward→
director · ~72y · appointed 1993-11-22 · resigned 1995-06-13
Resigned
MEISTER, Stefan Mario→
director · ~61y · appointed 1997-01-21 · resigned 1998-05-15
Resigned
SMITH, Kenneth George Duncan→
director · ~83y · appointed 1991-05-23 · resigned 1993-11-17
Resigned
STEELE, Richard John→
director · ~71y · appointed 1993-11-22 · resigned 1994-04-15
Resigned
TURNER, Richard Gill→
director · ~83y · appointed 1993-11-22 · resigned 1997-01-21
Resigned
VIZARD, Ronald Charles, Harold→
director · ~80y · appointed 1997-01-21 · resigned 1998-05-15
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Spencross
Spencross Limited
A registered charge6 properties09/03/201502/05/2017
satisfied
Monarent
Monarent Limited
Legal charge1 property19/03/200816/04/2015
satisfied
Monarent
Monarent Limited
Legal charge1 property19/04/200628/03/2014
satisfied
Monarent
Monarent Limited
Legal charge1 property02/09/200513/04/2015

Recent filings (148 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
change-account-reference-date-company-current-extended
accounts · AA01
2025-05-15
accounts-with-accounts-type-small
accounts · AA
2025-03-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-13
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-26
accounts-with-accounts-type-small
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-small
accounts · AA
2023-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
accounts-with-accounts-type-small
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-small
accounts · AA
2021-06-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-03-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-18