SCOTTISH MEDICINE LIMITED

💤Zombieactive
SC190038 · ltd · incorporated 1998-10-06
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
—
year to Oct 2025
Net worth
£32.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: General medical practice activities
Sector: Human health & social work
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 22.6y

45/100
under pressure

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

  • · Oldest live charge is 22.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 10 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £32,731
Net assets shrinking
Down £420 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£33k
↓ 1.3% YoY
Current Assets
£39k
Current Liabilities
—
£0£8k£16k£23k£31k£39kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£32.7k£33.2k
Current assets£39.1k—
Debtors£39.1k£39.5k
Net assets£32.7k£33.2k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2026-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-10-19
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2023-10-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-10-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-10-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-02-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-08-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-03-02
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2022-03-02
    📄
    memorandum-articles
    incorporation · MA
  13. 2022-03-02
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2021-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-11-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-10-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  18. 2010-10-25
    ➕
    MACDONALD, Roderick James appointed
    director
  19. 2010-10-25
    ➖
    MILNE, Kevin Dawson resigned
    director
  20. 2008-10-01
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  21. 2008-10-01
    ➖
    STRONACHS resigned
    corporate-secretary
  22. 2003-12-03
    ➖
    BURNESS SOLICITORS resigned
    corporate-nominee-secretary
  23. 2003-12-03
    ➕
    STRONACHS appointed
    corporate-secretary
  24. 2003-12-03
    ➖
    GILBERT, Martin James resigned
    director
  25. 2003-12-03
    ➖
    KINLOCH, David Oliphant, Sir resigned
    director
  26. 2003-12-03
    ➕
    MACDONALD, Roderick James appointed
    director
  27. 2003-12-03
    ➖
    MACDONALD, Roderick James resigned
    director
  28. 2003-12-03
    ➖
    MCCOLL, James Allan resigned
    director
  29. 2003-12-03
    ➖
    MCGREGOR, Robin Stuart resigned
    director
  30. 2003-12-03
    ➕
    MILNE, Kevin Dawson appointed
    director
  31. 2003-12-03
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 2003-07-29
    ➖
    PURVES, William, Sir resigned
    director
  33. 2003-04-15
    ➖
    MACDONALD, Roderick James resigned
    director
  34. 2002-04-30
    ➖
    HUNTER, Thomas Blane, Sir resigned
    director
  35. 2000-08-15
    ➕
    MCGREGOR, Robin Stuart appointed
    director
  36. 2000-05-24
    ➕
    KINLOCH, David Oliphant, Sir appointed
    director
  37. 1998-12-10
    ➕
    GILBERT, Martin James appointed
    director
  38. 1998-12-10
    ➕
    HUNTER, Thomas Blane, Sir appointed
    director
  39. 1998-12-10
    ➕
    PURVES, William, Sir appointed
    director
  40. 1998-10-06
    🏢
    Company incorporated
    As SCOTTISH MEDICINE LIMITED
  41. 1998-10-06
    ➕
    BURNESS SOLICITORS appointed
    corporate-nominee-secretary
  42. 1998-10-06
    ➕
    MACDONALD, Roderick James appointed
    director
  43. 1998-10-06
    ➕
    MCCOLL, James Allan appointed
    director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

98/100
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 75 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 28 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Martin James Gilbert
Individual · British · DOB 07/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting28/02/2022
Mr Roderick James Macdonald
Individual · British · DOB 12/1951 · age 75
25–50%
25–50%25-50% shares · 25-50% voting28/02/2022
1 historic (ceased) PSC
  • Mountwest 480 Limitedceased 28/02/2022· 75-100% shares · 75-100% voting

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

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

Statusactive
Typeltd
Incorporated1998-10-06
Jurisdictionscotland
Primary SIC86210 — General medical practice activities

Registered office

28 Albyn Place
Aberdeen
AB10 1YL
United Kingdom

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (2 active · 11 resigned)

STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2008-10-01
View their other companies + combined net worth →
Active
MACDONALD, Roderick James→
director · ~75y · appointed 2010-10-25
View their other companies + combined net worth →
Active
BURNESS SOLICITORS→
corporate-nominee-secretary · appointed 1998-10-06 · resigned 2003-12-03
Resigned
STRONACHS→
corporate-secretary · appointed 2003-12-03 · resigned 2008-10-01
Resigned
GILBERT, Martin James→
director · ~71y · appointed 1998-12-10 · resigned 2003-12-03
Resigned
HUNTER, Thomas Blane, Sir→
director · ~65y · appointed 1998-12-10 · resigned 2002-04-30
Resigned
KINLOCH, David Oliphant, Sir→
director · ~84y · appointed 2000-05-24 · resigned 2003-12-03
Resigned
MACDONALD, Roderick James→
director · ~75y · appointed 2003-12-03 · resigned 2003-12-03
Resigned
MACDONALD, Roderick James→
director · ~74y · appointed 1998-10-06 · resigned 2003-04-15
Resigned
MCCOLL, James Allan→
director · ~75y · appointed 1998-10-06 · resigned 2003-12-03
Resigned
MCGREGOR, Robin Stuart→
director · ~62y · appointed 2000-08-15 · resigned 2003-12-03
Resigned
MILNE, Kevin Dawson→
director · ~67y · appointed 2003-12-03 · resigned 2010-10-25
Resigned
PURVES, William, Sir→
director · ~95y · appointed 1998-12-10 · resigned 2003-07-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property03/12/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-10-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-18
accounts-with-accounts-type-dormant
accounts · AA
2023-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-04
capital-name-of-class-of-shares
capital · SH08
2022-03-02