MEARNS HEALTHCARE LTD

🌳Matureactive

SC257469 · ltd · incorporated 2003-10-13

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 Sept 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Dispensing chemist in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 63). 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 (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 22.5y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 22.5 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

10 officers (2 active, 10 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

5 connected companies via shared directors

Filing history

99 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-09-30
Average employees	8

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (44 events)Click to expand

2025-10-21
📄
change-account-reference-date-company-current-extended
accounts · AA01
2025-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2025-09-02
📄
gazette-notice-compulsory
gazette · GAZ1
2024-12-19
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-07-23
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-09
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-05-28
📄
gazette-notice-compulsory
gazette · GAZ1
2022-12-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-07
🔓
Charge satisfied #2
2022-12-05
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-02
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-01
➕
BROWN, Eric Mclean appointed
director
2022-12-01
➕
NICKKHO-AMIRY, Mahyar appointed
director
2022-12-01
➖
AGGLETON, Elaine Margaret resigned
director
2022-12-01
➖
AGGLETON, Mark Damian resigned
director
2022-12-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-01
🔒
Charge registered #3
Lender: Unity Trust Bank PLC
2022-10-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-09
🔓
Charge satisfied #1
2018-03-08
➖
GLENDINNING, Ronald Thomas resigned
secretary
2018-03-08
➕
AGGLETON, Elaine Margaret appointed
director
2018-03-08
➕
AGGLETON, Mark Damian appointed
director
2018-03-08
➖
GLENDINNING, Douglas Ronald resigned
director
2018-03-08
➖
GLENDINNING, Elaine resigned
director
2018-03-08
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2011-04-15
➕
GLENDINNING, Elaine appointed
director
2011-04-15
➖
MORRISON, Joyce resigned
director
2006-09-01
➕
MORRISON, Joyce appointed
director
2003-11-20
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-10-13
🏢
Company incorporated
As MEARNS HEALTHCARE LTD
2003-10-13
➕
GLENDINNING, Ronald Thomas appointed
secretary
2003-10-13
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-10-13
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-10-13
➕
GLENDINNING, Douglas Ronald appointed
director
2003-10-13
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-10-13
➖
STEPHEN MABBOTT LTD. resigned
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.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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 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.

Group structure

West Coast Healthcare Scotland Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

West Coast Healthcare Scotland Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

MEARNS HEALTHCARE LTD

This company · SC257469

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%

Name	Shares	Voting rights	Nature of control	Notified
West Coast Healthcare Scotland Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	01/12/2022

3 historic (ceased) PSCs

Aggleton Holdings Ltdceased 01/12/2022· 75-100% shares · 75-100% voting · board control
Mr Douglas Ronald Glendinningceased 08/03/2018· 50-75% shares
Mrs Elaine Glendinningceased 08/03/2018· 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 →

Similar companies

Active · Retail · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OPTICAL EXPRESS (GYLE) LIMITED→ SC150432 · est 1994	£10.52M £7.89M–£13.15M	—	—	8300	32y	85	58y
AFFORDABLE GOLF LTD.→ SC350505 · est 2008	£3.72M £2.79M–£4.65M	—	—	5300	17y	87	63y
ABBEY CHEMISTS LTD→ SC323221 · est 2007	—	—	—	3900	19y	83	67y
APPLE HEALTHCARE EDINBURGH LTD→ SC339804 · est 2008	—	—	£478.1k	—	18y	83	58y
CAMERON INTERIORS LIMITED→ SC069523 · est 1979	—	—	£227.8k	—	46y	83	58y
CATHERINE'S OF PARTICK LIMITED→ SC099085 · est 1986	—	—	£1.48M	—	40y	83	78y
DUNCAN YACHT CHANDLERS LIMITED→ SC265044 · est 2004	—	—	—	500	22y	83	60y
HELENSBURGH FLOORPLAN (1983) LIMITED→ SC083345 · est 1983	—	—	—	14	42y	83	77y
HODGKINSON THE JEWELLERS LIMITED→ SC137641 · est 1992	—	—	£34.3k	—	34y	83	64y
HUNTER FURNISHINGS LIMITED→ SC295684 · est 2006	—	—	£846.0k	—	20y	83	84y
ITALIAN AROMA COFFEE LIMITED→ SC139395 · est 1992	—	—	—	11	33y	83	59y
LOMO INDUSTRIES LTD.→ SC203510 · est 2000	—	—	£1.18M	—	26y	83	58y

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

Incorporated2003-10-13

Jurisdictionscotland

Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

Norwood 3 Beech Road

Lenzie

Glasgow

G66 4HN

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-09-04

Last: 2025-08-21

Officers (2 active · 8 resigned)

BROWN, Eric Mclean→

director · ~63y · appointed 2022-12-01

View their other companies + combined net worth →

Active

NICKKHO-AMIRY, Mahyar→

director · ~47y · appointed 2022-12-01

View their other companies + combined net worth →

Active

GLENDINNING, Ronald Thomas→

secretary · appointed 2003-10-13 · resigned 2018-03-08

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-10-13 · resigned 2003-10-13

Resigned

AGGLETON, Elaine Margaret→

director · ~56y · appointed 2018-03-08 · resigned 2022-12-01

Resigned

AGGLETON, Mark Damian→

director · ~55y · appointed 2018-03-08 · resigned 2022-12-01

Resigned

GLENDINNING, Douglas Ronald→

director · ~61y · appointed 2003-10-13 · resigned 2018-03-08

Resigned

GLENDINNING, Elaine→

director · ~57y · appointed 2011-04-15 · resigned 2018-03-08

Resigned

MORRISON, Joyce→

director · ~65y · appointed 2006-09-01 · resigned 2011-04-15

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-10-13 · resigned 2003-10-13

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Unity Trust Bank Unity Trust Bank PLC	A registered charge	—	01/12/2022	—
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	08/03/2018	07/12/2022
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	20/11/2003	09/03/2018

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

Recent filings (99 total)

change-account-reference-date-company-current-extended

accounts · AA01

2025-10-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-10-21

gazette-filings-brought-up-to-date

gazette · DISS40

2025-09-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-15

gazette-notice-compulsory

gazette · GAZ1

2025-09-02

change-account-reference-date-company-previous-extended

accounts · AA01

2024-12-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-03

gazette-filings-brought-up-to-date

gazette · DISS40

2024-07-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-07-22

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2024-07-09

gazette-notice-compulsory

gazette · GAZ1

2024-05-28

confirmation-statement-with-updates

confirmation-statement · CS01

2023-08-21

mortgage-satisfy-charge-full

mortgage · MR04

2022-12-07

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2022-12-05

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2022-12-05