PAPYRUS (GLASGOW) LTD

🌳Matureactive
SC256588 · ltd · incorporated 2003-09-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£601.7k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (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: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 22.5y

45/100
under pressure

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

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 £601,684
Cash YoY
-33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£351k
↓ 33% YoY
Net Worth
£602k
↑ 4.8% YoY
Current Assets
£738k
↑ 5.2% YoY
Current Liabilities
—
£0£148k£295k£443k£591k£738kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£604.4k£576.1k
Current assets£738.2k£702.0k
Cash£350.7k£525.1k
Debtors£256.0k£17.6k
Net assets£601.7k£574.0k

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 (32 events)Click to expand
  1. 2025-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-09-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2025-09-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-09-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-03-01
    ➖
    FABIEN, Fiona Laura Louise resigned
    secretary
  7. 2025-03-01
    ➖
    FABIEN, Fiona Laura Louise resigned
    director
  8. 2024-09-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-09-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-07-01
    ➖
    POLLOCK, Felicity Anne resigned
    director
  11. 2024-06-26
    ➕
    FABIEN, Luke appointed
    director
  12. 2024-06-26
    ➕
    FABIEN, Sophie appointed
    director
  13. 2024-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2011-12-26
    ➖
    SANDGROUND, Mary Angela resigned
    director
  23. 2003-11-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 2003-11-01
    ➕
    POLLOCK, Felicity Anne appointed
    director
  25. 2003-10-01
    ➕
    FABIEN, Fiona Laura Louise appointed
    secretary
  26. 2003-10-01
    ➕
    FABIEN, Fiona Laura Louise appointed
    director
  27. 2003-10-01
    ➕
    SANDGROUND, Mary Angela appointed
    director
  28. 2003-09-30
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  29. 2003-09-30
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  30. 2003-09-25
    🏢
    Company incorporated
    As PAPYRUS (GLASGOW) LTD
  31. 2003-09-25
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  32. 2003-09-25
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Papyrus Retail Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Papyrus Retail Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
PAPYRUS (GLASGOW) LTD
This company · SC256588

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%
NameSharesVoting rightsNature of controlNotified
Papyrus Retail Ltd
Corporate entity
75–100%
—75-100% shares01/03/2025
2 historic (ceased) PSCs
  • Mrs Fiona Laura Louise Fabienceased 01/03/2025· 50-75% shares
  • Mrs Felicity Anne Pollockceased 01/07/2024· 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 →

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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
Incorporated2003-09-25
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

374 Byres Road
Glasgow
G12 8AR

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-09-29
Last: 2025-09-15

Officers (2 active · 6 resigned)

FABIEN, Luke→
director · ~32y · appointed 2024-06-26
View their other companies + combined net worth →
Active
FABIEN, Sophie→
director · ~37y · appointed 2024-06-26
View their other companies + combined net worth →
Active
FABIEN, Fiona Laura Louise→
secretary · appointed 2003-10-01 · resigned 2025-03-01
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2003-09-25 · resigned 2003-09-30
Resigned
FABIEN, Fiona Laura Louise→
director · ~65y · appointed 2003-10-01 · resigned 2025-03-01
Resigned
POLLOCK, Felicity Anne→
director · ~63y · appointed 2003-11-01 · resigned 2024-07-01
Resigned
SANDGROUND, Mary Angela→
director · ~95y · appointed 2003-10-01 · resigned 2011-12-26
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2003-09-25 · resigned 2003-09-30
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 property18/11/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-26
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-26
termination-director-company-with-name-termination-date
officers · TM01
2025-09-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-25
termination-director-company-with-name-termination-date
officers · TM01
2024-09-25
appoint-person-director-company-with-name-date
officers · AP01
2024-06-26
appoint-person-director-company-with-name-date
officers · AP01
2024-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31