THE GARRET LTD.

🌳Matureactive
SC244830 · ltd · incorporated 2003-02-28
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 23.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£172.8k
book net assets
Opportunity
78/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 47799
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 23.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
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 £172,847
Very low cash
Cash position: £69
Net assets shrinking
Down £25,636 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£69
~ YoY
Net Worth
£173k
↓ 13% YoY
Current Assets
£402k
↑ 6.7% YoY
Current Liabilities
—
£0£80k£161k£241k£322k£402kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£248.5k£288.3k
Current assets£402.4k£377.1k
Cash£69£69
Debtors£28.3k£36.4k
Net assets£172.8k£198.5k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-02-26
    ➕
    KEWLEY, John Thomas Alexander appointed
    director
  6. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-01-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-01-16
    ➖
    THOMSON, Mary Helen resigned
    director
  11. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-08-20
    📍
    change-sail-address-company-with-new-address
    address · AD02
  15. 2018-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2018-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2003-05-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2003-02-28
    🏢
    Company incorporated
    As THE GARRET LTD.
  21. 2003-02-28
    ➕
    THOMSON, Marie Dianne appointed
    secretary
  22. 2003-02-28
    ➕
    THOMSON, Marie Dianne appointed
    director
  23. 2003-02-28
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2003-02-28
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2003-02-28
    ➕
    THOMSON, Mary Helen appointed
    director
  26. 2003-02-28
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  27. 2003-02-28
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

56/100
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.
  • primary20+ year tenure: Director in role 23 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Miss Marie Dianne Thomson
Individual · British · DOB 11/1980 · age 46
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Mary Helen Thomsonceased 16/01/2022· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Retail · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
TOOLDEN LIMITED→
SC453454 · est 2013
£2.60M
£1.95M–£3.25M
——5612y8563y
DUNCAN AND TODD LIMITED→
SC065757 · est 1978
£1.87M
£1.40M–£2.33M
——35147y8349y
BRODIE COUNTRYFARE LIMITED→
SC146184 · est 1993
£909.2k
£681.9k–£1.14M
——12132y8578y
BAYGLEN LIMITED→
SC271209 · est 2004
——£37.8k—21y8360y
GRAMPIAN POWERCLEAN EQUIPMENT LTD.→
SC240849 · est 2002
——£30.5k—23y8382y
INTERNATIONAL DOORS AND WINDOWS LIMITED→
SC304831 · est 2006
———1619y8365y
KEMNAY PHARMACY LIMITED→
SC245230 · est 2003
——£967.2k—23y8366y
PETERHEAD HEALTH CENTRE CONSORTIUM LIMITED→
SC060097 · est 1976
——£62.9k—49y8362y
SOUND TECHNOLOGY AUDIO-VISUAL LIMITED→
SC258755 · est 2003
———30022y8379y
THE MAINS OF DRUM GARDEN CENTRE LIMITED→
SC311898 · est 2006
——£465.3k—19y8371y
THE SANDWICH LARDER LIMITED→
SC327302 · est 2007
———3718y8362y
TURRIFF AGRI-PARTS LIMITED→
SC069419 · est 1979
——£527.9k—46y8378y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2003-02-28
Jurisdictionscotland
Primary SIC47799 — SIC 47799

Registered office

Romane, George Street
Macduff
Banffshire
AB44 1RX

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (3 active · 3 resigned)

THOMSON, Marie Dianne→
secretary · appointed 2003-02-28
View their other companies + combined net worth →
Active
KEWLEY, John Thomas Alexander→
director · ~41y · appointed 2024-02-26
View their other companies + combined net worth →
Active
THOMSON, Marie Dianne→
director · ~46y · appointed 2003-02-28
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-02-28 · resigned 2003-02-28
Resigned
THOMSON, Mary Helen→
director · ~72y · appointed 2003-02-28 · resigned 2022-01-16
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-02-28 · resigned 2003-02-28
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 Royal Bank of Scotland PLC
Bond & floating charge1 property20/05/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-31
appoint-person-director-company-with-name-date
officers · AP01
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-01-18
termination-director-company-with-name-termination-date
officers · TM01
2022-01-18
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-13