A G BANNERMAN LIMITED

💤Zombieactive

SC231282 · ltd · incorporated 2002-05-09

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

—

book net assets

Opportunity

73/100

Strong

🔒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

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

14 live charges · 5 lenders · oldest 23.6y

15/100

under pressure

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

· Oldest live charge is 23.6 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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

Lenders & charges

14 charges (14/14 with lender, 14/14 with type)

Directors & officers

11 officers (1 active, 11 linked, 8 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

117 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-04-05
Average employees	5100

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (66 events)Click to expand

2025-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-23
🔒
Charge registered #14
Lender: Bank of Scotland PLC
2022-12-23
🔒
Charge registered #13
Lender: Bank of Scotland PLC
2022-12-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-09
🔓
Charge satisfied #11
2022-12-09
🔓
Charge satisfied #10
2022-12-09
🔓
Charge satisfied #8
2022-12-08
🔒
Charge registered #12
Lender: Bank of Scotland PLC
2022-11-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-23
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-06-23
🔓
Charge satisfied #9
2021-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2020-05-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-21
🔒
Charge registered #11
Lender: Unity Trust Bank PLC
2020-05-21
🔒
Charge registered #10
Lender: Unity Trust Bank PLC
2020-05-21
🔒
Charge registered #9
Lender: Unity Trust Bank PLC
2020-04-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-04-14
➖
CLARK, Colin Stewart resigned
secretary
2020-04-14
➖
BANNERMAN, Alexander Grant resigned
director
2020-04-14
➖
BANNERMAN, Moira Anne resigned
director
2020-04-14
➖
BANNERMAN, Stewart Nelson resigned
director
2020-04-14
➖
BANNERMAN, Wendy resigned
director
2020-04-14
➖
CLARK, Colin Stewart resigned
director
2020-04-09
🔒
Charge registered #8
Lender: Unity Trust Bank PLC
2020-03-06
🔓
Charge satisfied #7
2020-03-06
🔓
Charge satisfied #6
2020-03-06
🔓
Charge satisfied #4
2020-03-06
🔓
Charge satisfied #2
2020-03-05
🔓
Charge satisfied #5
2020-03-01
🔓
Charge satisfied #1
2020-02-27
🔓
Charge satisfied #3
2019-01-17
➖
CLARK, Sheena resigned
director
2016-07-01
➕
FEENEY, Mark Gordon appointed
director
2016-07-01
➕
BANNERMAN, Wendy appointed
director
2016-07-01
➖
DYKES, Gordon John resigned
director
2016-03-31
➕
BANNERMAN, Moira Anne appointed
director
2016-03-31
➕
CLARK, Sheena appointed
director
2008-12-03
🔒
Charge registered #7
Lender: Lloyds Tsb Scotland PLC

Showing most recent 50 of 66 events

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

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

🏛️

Mgf Healthcare Limited

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

ultimate parent

⬇

A G BANNERMAN LIMITED

This company · SC231282

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
Mgf Healthcare Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	14/04/2020

2 historic (ceased) PSCs

Mrs Moira Anne Bannermanceased 27/03/2020· 25-50% shares
Mrs Sheena Clarkceased 09/05/2019· 25-50% 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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ABZT RETAILS LTD→ SC700579 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AESTHOLOGY LTD→ SC715111 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AFSHAN TRADERS LTD→ SC785718 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AHSANTRADEX LIMITED→ SC882426 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AJ CARPETS LTD→ SC721107 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AJAVED INC LTD→ SC758717 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
AL HAMMAD TRADERS LTD→ SC848348 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AL-FATEH SUPERSTORE LTD→ SC844411 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ALAN BEVERIDGE LIMITED→ SC245451 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
ALANG LTD→ SC782271 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ALANI93 LTD→ SC796729 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ALARM SUPPLIES SCOTLAND LIMITED→ SC143300 · est 1993 · no financials extracted	—	—	—	—	33y	—	—

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

Incorporated2002-05-09

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

171 Saracen Street

Glasgow

G22 5JL

Filing status

Accounts

Next due: 2027-01-05

Last made up to: 2025-04-05

Confirmation statement

Next due: 2027-03-05

Last: 2026-02-19

Officers (1 active · 10 resigned)

FEENEY, Mark Gordon→

director · ~42y · appointed 2016-07-01

View their other companies + combined net worth →

Active

CLARK, Colin Stewart→

secretary · appointed 2002-07-31 · resigned 2020-04-14

Resigned

DALGLEN SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2002-05-09 · resigned 2002-07-31

Resigned

BANNERMAN, Alexander Grant→

director · ~85y · appointed 2002-07-19 · resigned 2020-04-14

Resigned

BANNERMAN, Moira Anne→

director · ~72y · appointed 2016-03-31 · resigned 2020-04-14

Resigned

BANNERMAN, Stewart Nelson→

director · ~83y · appointed 2002-07-19 · resigned 2020-04-14

Resigned

BANNERMAN, Wendy→

director · ~84y · appointed 2016-07-01 · resigned 2020-04-14

Resigned

CLARK, Colin Stewart→

director · ~60y · appointed 2002-07-31 · resigned 2020-04-14

Resigned

CLARK, Sheena→

director · ~87y · appointed 2016-03-31 · resigned 2019-01-17

Resigned

DYKES, Gordon John→

director · ~64y · appointed 2002-07-31 · resigned 2016-07-01

Resigned

DALGLEN DIRECTORS LIMITED→

corporate-nominee-director · appointed 2002-05-09 · resigned 2002-07-19

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:14 of 14 shown

		Type	Properties
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	2 properties	23/12/2022	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	2 properties	23/12/2022	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	08/12/2022	—
satisfied	Unity Trust Bank Unity Trust Bank PLC	A registered charge	2 properties	21/05/2020	09/12/2022
satisfied	Unity Trust Bank Unity Trust Bank PLC	A registered charge	2 properties	21/05/2020	09/12/2022
satisfied	Unity Trust Bank Unity Trust Bank PLC	A registered charge	1 property	21/05/2020	23/06/2021
satisfied	Unity Trust Bank Unity Trust Bank PLC	A registered charge	—	09/04/2020	09/12/2022
satisfied	Lloyds Banking Group Lloyds Tsb Scotland PLC	Bond & floating charge	1 property	03/12/2008	06/03/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	2 properties	07/11/2005	06/03/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Assignation of goodwill	1 property	12/10/2005	05/03/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Assignation of goodwill	1 property	12/10/2005	06/03/2020
satisfied	Aah Pharmaceuticals and Another Aah Pharmaceuticals LTD and Another	Bond & floating charge	1 property	18/09/2005	27/02/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	12/07/2005	06/03/2020
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	02/10/2002	01/03/2020

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

Recent filings (117 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-19

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

accounts · AA

2025-10-02

change-account-reference-date-company-previous-extended

accounts · AA01

2025-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-25

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

accounts · AA

2024-12-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-16

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

accounts · AA

2023-12-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-20

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-12-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-12-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-12-12

mortgage-satisfy-charge-full

mortgage · MR04

2022-12-09

mortgage-satisfy-charge-full

mortgage · MR04

2022-12-09

mortgage-satisfy-charge-full

mortgage · MR04

2022-12-09

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

accounts · AA

2022-11-20