THE GALLERY (INVERNESS) LTD.
💤Zombieactive
SC244427 · ltd · incorporated 2003-02-21
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 Nov 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Hairdressing and other beauty treatment
Sector: Other service activities
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
2 live charges · oldest 21.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 300 | 400 |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-08-05📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-12📄change-person-director-company-with-change-dateofficers · CH01
- 2018-05-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-02-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-02-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-03-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-12-20🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2013-10-10➖WALLACE, Kevin Alexander resignedsecretary
- 2005-01-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-08-15➕WALLACE, Morven Theresa appointeddirector
- 2003-08-15➕WALLACE, Kevin Alexander appointedsecretary
- 2003-02-21🏢Company incorporatedAs THE GALLERY (INVERNESS) LTD.
- 2003-02-21➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-02-21➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-02-21➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2003-02-21➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
85/100
Critical — business is the founderThe 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 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Morven Theresa Wallace Individual · British · DOB 04/1969 · age 57 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Morven Theresa Wallaceceased 06/04/2016· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Trade services · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SAY LESS TRAIN MORE LTD→ SC797176 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| SEAFAST MARITIME LTD→ SC504666 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| SIKA COUNTRY SERVICES LTD→ SC788851 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SIMPLY BLISS BEAUTY LIMITED→ SC468666 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| SPEYFIELD LIMITED→ SC222384 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| TATTOO CENTRE (INV) LTD→ SC575733 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| THE HAIR ROOM WITH NATALIE LTD→ SC859929 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE ISLE OF SKYE SHORTBREAD COMPANY LTD→ SC636044 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| THE LADY GARDENERS HIGHLAND LTD→ SC751077 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| THE LOFT HAIR STUDIO LTD→ SC865889 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE LOUNGE FORRES LTD→ SC707863 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THE PAYROLL GUIDE LTD→ SC879654 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2003-02-21
Jurisdictionscotland
Primary SIC96020 — Hairdressing and other beauty treatment
Registered office
2 Cradlehall Court
Inverness
IV2 5WD
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21
Officers (1 active · 3 resigned)
WALLACE, Morven Theresa→
Activedirector · ~57y · appointed 2003-08-15
View their other companies + combined net worth →
WALLACE, Kevin Alexander→
Resignedsecretary · appointed 2003-08-15 · resigned 2013-10-10
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-02-21 · resigned 2003-02-21
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2003-02-21 · resigned 2003-02-21
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 20/12/2013 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/01/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (64 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-08-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-26