BISHOPMILL PHARMACY LTD.

🌳Matureactive
SC196876 · ltd · incorporated 1999-06-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 26.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£615.4k
book net assets
Opportunity
82/100
Exceptional
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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 68-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 26.8y

85/100
ready

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

  • · Oldest live charge is 26.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
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
65 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 · accounting standard not declared
Positive net assets
Net assets £615,420
Cash YoY
+2%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£627k
↑ 1.8% YoY
Net Worth
£615k
↑ 51% YoY
Current Assets
£1.5m
↑ 27% YoY
Current Liabilities
—
£0£309k£617k£926k£1.2m£1.5mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£615.4k£408.3k
Current assets£1.54M£1.22M
Cash£626.8k£615.6k
Debtors£835.5k£526.4k
Net assets£615.4k£408.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-15
    ➕
    SMITH, Jacqueline appointed
    director
  3. 2025-07-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-07-10
    🔓
    Charge satisfied #1
  7. 2023-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-05-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-04-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-05-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-04-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-07-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 1999-07-05
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  20. 1999-06-04
    🏢
    Company incorporated
    As BISHOPMILL PHARMACY LTD.
  21. 1999-06-04
    ➕
    SMITH, Jacqueline appointed
    secretary
  22. 1999-06-04
    ➕
    SMITH, Alastair Stuart appointed
    director
  23. 1999-06-04
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  24. 1999-06-04
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  25. 1999-06-04
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  26. 1999-06-04
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  27. 1999-06-04
    ➕
    PETER TRAINER COMPANY SERVICES LTD. appointed
    corporate-nominee-director
  28. 1999-06-04
    ➖
    PETER TRAINER COMPANY SERVICES LTD. 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.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • 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 Alistair Smith
Individual · British · DOB 01/1958 · age 68
25–50%
—25-50% shares01/07/2016
Mrs Jacqueline Smith
Individual · British · DOB 08/1963 · age 63
25–50%
—25-50% shares01/07/2016

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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——£400.8k—21y8372y
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———1848y8365y
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——£293.8k—27y8363y
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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
Incorporated1999-06-04
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

6 Kennedy Place
Bishopmill
Elgin
Morayshire
IV30 4EL

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-29
Last: 2025-05-15

Officers (3 active · 3 resigned)

SMITH, Jacqueline→
secretary · appointed 1999-06-04
View their other companies + combined net worth →
Active
SMITH, Alastair Stuart→
director · ~68y · appointed 1999-06-04
View their other companies + combined net worth →
Active
SMITH, Jacqueline→
director · ~63y · appointed 2025-07-15
View their other companies + combined net worth →
Active
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 1999-06-04 · resigned 1999-06-04
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 1999-06-04 · resigned 1999-06-04
Resigned
PETER TRAINER COMPANY SERVICES LTD.→
corporate-nominee-director · appointed 1999-06-04 · resigned 1999-06-04
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property05/07/199910/07/2023

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-18
appoint-person-director-company-with-name-date
officers · AP01
2025-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-18