GREER & WHELAN LIMITED

💤Zombieactive
SC253186 · ltd · incorporated 2003-07-23
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Jul 2024
Net worth
£1.1k
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Hairdressing and other beauty treatment
Sector: Other service activities
Investor take
Special-situation opportunity
Distressed trade-services with salvageable qualities — special-situations priority.

Opportunity 65/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,050
Cash draining
Cash down 65% YoY
Cash YoY
-65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 65% YoY
Net Worth
£1k
↑ 12% YoY
Current Assets
£7k
↓ 46% YoY
Current Liabilities
—
£0£2k£5k£7k£10k£12kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£3.2k£5.2k
Current assets£6.6k£12.4k
Cash£4.1k£11.8k
Debtors£2.5k£620
Net assets£1.1k£936

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 (24 events)Click to expand
  1. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-08-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2018-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-06-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2017-02-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-08-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-04-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-08-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2008-03-12
    ➕
    GREER, Charles appointed
    secretary
  17. 2008-03-12
    ➖
    GREER, Morag Anne resigned
    secretary
  18. 2008-03-12
    ➖
    WHELAN, Elaine resigned
    director
  19. 2003-07-23
    🏢
    Company incorporated
    As GREER & WHELAN LIMITED
  20. 2003-07-23
    ➕
    GREER, Morag Anne appointed
    director
  21. 2003-07-23
    ➕
    GREER, Morag Anne appointed
    secretary
  22. 2003-07-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  23. 2003-07-23
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  24. 2003-07-23
    ➕
    WHELAN, Elaine appointed
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "GREER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
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.
  • 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.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Morag Anne Greer
Individual · British · DOB 06/1978 · age 48
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence06/04/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2003-07-23
Jurisdictionscotland
Primary SIC96020 — Hairdressing and other beauty treatment

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (2 active · 3 resigned)

GREER, Charles→
secretary · appointed 2008-03-12
View their other companies + combined net worth →
Active
GREER, Morag Anne→
director · ~48y · appointed 2003-07-23
View their other companies + combined net worth →
Active
GREER, Morag Anne→
secretary · appointed 2003-07-23 · resigned 2008-03-12
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-07-23 · resigned 2003-07-23
Resigned
WHELAN, Elaine→
director · ~61y · appointed 2003-07-23 · resigned 2008-03-12
Resigned

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

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-03