CHOICE CARPETS LTD.

💤Zombieactive

SC255100 · ltd · incorporated 2003-09-01

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 Sept 2024

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

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

Opportunity 74/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 20.9y

15/100

under pressure

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

· Oldest live charge is 20.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

5 officers (1 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

77 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

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

2 years extracted from filed iXBRL accounts

Cash

—

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	2024-09-30	2023-09-30
Average employees	700	900

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2025-07-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-07
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-17
📄
capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
capital · SH04
2018-04-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-04-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-04-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-04-04
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2018-04-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-03-29
➖
HARRIS, Charles Allan Milne resigned
secretary
2018-03-29
➖
HARRIS, Charles Allan Milne resigned
director
2013-04-10
🔒
Charge registered #5
Lender: Lloyds Tsb Scotland PLC
2012-02-28
🔓
Charge satisfied #2
2009-06-25
🔓
Charge satisfied #3
2009-06-01
🔒
Charge registered #4
Lender: Royal Bank of Scotland PLC
2008-08-01
🔒
Charge registered #3
Lender: Royal Bank of Scotland PLC
2005-10-03
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2005-05-23
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-09-01
🏢
Company incorporated
As CHOICE CARPETS LTD.
2003-09-01
➕
HARRIS, Michael Alexander appointed
director
2003-09-01
➕
HARRIS, Charles Allan Milne appointed
secretary
2003-09-01
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-09-01
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-09-01
➕
HARRIS, Charles Allan Milne appointed
director
2003-09-01
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-09-01
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

85/100

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.
+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 candidate

Strong 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

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Alexander Harris Individual · Scottish · DOB 01/1980 · age 46	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	01/09/2016

1 historic (ceased) PSC

Mr Charles Allan Milne Harrisceased 29/03/2018· 25-50% shares · 25-50% voting · board control · significant influence

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 · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ATHLETE LIMITED→ SC590022 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
BRODIE COUNTRYFARE LIMITED→ SC146184 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
BRYKZ LTD→ SC799886 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
C & J'S CORNER SHOP LIMITED→ SC282886 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
CARRINGTON'S BRIDAL LTD→ SC656858 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
CELESTIAL TRADE LINKS LTD→ SC881856 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CHIEFDROP LTD→ SC854862 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CLD SHIRE GROUP LIMITED→ SC799457 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
CLOSE TO NEXT-GEN LTD→ SC675585 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
CLOUD STORE 1122 LTD→ SC854751 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CLOVER CORNER LIMITED→ SC761930 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
CNG DESIGN LTD.→ SC420038 · est 2012 · no financials extracted	—	—	—	—	14y	—	—

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

Incorporated2003-09-01

Jurisdictionscotland

Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

12b Kirk Street

Peterhead

AB42 1RX

Scotland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-05-01

Last: 2026-04-17

Officers (1 active · 4 resigned)

HARRIS, Michael Alexander→

director · ~46y · appointed 2003-09-01

View their other companies + combined net worth →

Active

HARRIS, Charles Allan Milne→

secretary · appointed 2003-09-01 · resigned 2018-03-29

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-09-01 · resigned 2003-09-01

Resigned

HARRIS, Charles Allan Milne→

director · ~73y · appointed 2003-09-01 · resigned 2018-03-29

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-09-01 · resigned 2003-09-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Lloyds Banking Group Lloyds Tsb Scotland PLC	A registered charge	1 property	10/04/2013	—
outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	Standard security	1 property	01/06/2009	—
satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Standard security	1 property	01/08/2008	25/06/2009
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	03/10/2005	28/02/2012
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	23/05/2005	—

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