WILL CHEMISTS (INVERURIE) LIMITED

🌳Matureactive
SC195815 · ltd · incorporated 1999-04-30
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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 Apr 2025
Net worth
£1.08M
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47749SIC 47749
  • 47750Retail sale of cosmetic and toilet articles in specialised stores
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 27.0y

35/100
too messy

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

  • · Oldest live charge is 27.0 years old — likely at or near maturity.
  • · 4 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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
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 £1,082,515
Cash YoY
+9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£401k
↑ 8.8% YoY
Net Worth
£1.1m
~ YoY
Current Assets
£1.2m
↓ 1.4% YoY
Current Liabilities
—
£0£247k£494k£741k£988k£1.2mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£1.12M£1.12M
Current assets£1.22M£1.23M
Cash£401.0k£368.6k
Debtors£633.9k£658.6k
Net assets£1.08M£1.08M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2022-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-11-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-05-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-03-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2016-03-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2015-09-14
    🔒
    Charge registered #9
    Lender: Bank of Scotland PLC
  17. 2015-09-08
    🔓
    Charge satisfied #2
  18. 2015-09-08
    🔓
    Charge satisfied #4
  19. 2015-09-04
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC
  20. 2015-09-03
    🔓
    Charge satisfied #6
  21. 2015-09-01
    ➖
    WILL, Ann Marie resigned
    director
  22. 2015-09-01
    ➖
    WILL, Ian George resigned
    director
  23. 2015-09-01
    🔒
    Charge registered #7
    Lender: Bank of Scotland PLC
  24. 2014-10-01
    ➕
    WILL, Imogen Newton appointed
    director
  25. 2014-10-01
    ➖
    WILL, Ann Marie resigned
    secretary
  26. 2013-05-24
    🔓
    Charge satisfied #1
  27. 2013-05-16
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  28. 2010-08-07
    🔓
    Charge satisfied #5
  29. 2006-07-01
    ➕
    WILL, Galen James appointed
    director
  30. 2003-07-01
    🔒
    Charge registered #5
    Lender: Aah Pharmaceuticals LTD
  31. 1999-07-12
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  32. 1999-07-08
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  33. 1999-07-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  34. 1999-04-30
    🏢
    Company incorporated
    As WILL CHEMISTS (INVERURIE) LIMITED
  35. 1999-04-30
    ➕
    WILL, Ann Marie appointed
    secretary
  36. 1999-04-30
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 1999-04-30
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  38. 1999-04-30
    ➕
    WILL, Ann Marie appointed
    director
  39. 1999-04-30
    ➕
    WILL, Ian George appointed
    director
  40. 1999-04-30
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-director
  41. 1999-04-30
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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.
  • +Founder name in company name: Company name contains director surname "WILL" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
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.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 27 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

Will (Inverurie) Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Will (Inverurie) Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
WILL CHEMISTS (INVERURIE) LIMITED
This company · SC195815

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
Will (Inverurie) Holdings Limited
Corporate entity
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest01/07/2016

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
Incorporated1999-04-30
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

35 West High Street
Inverurie
Aberdeenshire
AB51 3QQ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-14
Last: 2026-04-30

Officers (2 active · 5 resigned)

WILL, Galen James→
director · ~44y · appointed 2006-07-01
View their other companies + combined net worth →
Active
WILL, Imogen Newton→
director · ~43y · appointed 2014-10-01
View their other companies + combined net worth →
Active
WILL, Ann Marie→
secretary · appointed 1999-04-30 · resigned 2014-10-01
Resigned
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-04-30 · resigned 1999-04-30
Resigned
WILL, Ann Marie→
director · ~76y · appointed 1999-04-30 · resigned 2015-09-01
Resigned
WILL, Ian George→
director · ~77y · appointed 1999-04-30 · resigned 2015-09-01
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-04-30 · resigned 1999-04-30
Resigned

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

Mortgages & charges

8
Total charges
3
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property14/09/2015—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties04/09/2015—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—01/09/2015—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—16/05/201303/09/2015
satisfied
Aah Pharmaceuticals
Aah Pharmaceuticals LTD
Debenture1 property01/07/200307/08/2010
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property12/07/199908/09/2015
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property08/07/199908/09/2015
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/07/199924/05/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
change-person-director-company-with-change-date
officers · CH01
2023-07-17
change-person-director-company-with-change-date
officers · CH01
2023-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-12
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-04