ROBERT GRAHAM LIMITED
💤Zombieactive
SC265810 · ltd · incorporated 2004-03-31
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 Mar 2025
Net worth
£-216.5k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (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. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 7 lenders · oldest 21.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.8 years old — likely at or near maturity.
- · 7 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
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £216,526
Cash YoY
+4%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£80k
↑ 4.1% YoY
Net Worth
-£217k
↓ 273% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £80.1k | £77.0k |
| Net assets | £-216.5k | £-58.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
- 2025-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-15🔓Charge satisfied #5
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-05🔒Charge registered #7Lender: Funding Circle Limited
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-24🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2022-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-11-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-15📄memorandum-articlesincorporation · MA
- 2021-12-15📄statement-of-companys-objectschange-of-constitution · CC04
- 2021-12-15📄resolutionresolution · RESOLUTIONS
- 2021-04-05📄change-person-director-company-with-change-dateofficers · CH01
- 2020-07-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-13🔒Charge registered #5Lender: Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P.
- 2020-06-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-18📄change-person-director-company-with-change-dateofficers · CH01
- 2020-01-29🔓Charge satisfied #4
- 2020-01-29🔓Charge satisfied #3
- 2014-10-02🔓Charge satisfied #2
- 2014-09-24➕JOHNSTONE, Stephen James appointeddirector
- 2014-09-24➖BARNES, Anthony Gwynne resignedsecretary
- 2014-09-24➖GRAHAM, Laura Elisabeth resigneddirector
- 2014-09-24➖ORCHANT, Mitchell resigneddirector
- 2014-09-24🔒Charge registered #4Lender: Mr Mitchell Orchant
- 2014-09-24🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2014-08-11➖MORRISON, Ron resigneddirector
- 2010-11-10➕GRAHAM, Laura Elisabeth appointeddirector
- 2010-08-13🔓Charge satisfied #1
- 2005-04-08🔒Charge registered #2Lender: Hsbc Bank PLC
- 2004-08-17🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2004-04-26➕BARNES, Anthony Gwynne appointedsecretary
- 2004-04-26➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2004-04-26➕MORRISON, Ron appointeddirector
- 2004-04-26➕ORCHANT, Mitchell appointeddirector
- 2004-04-26➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 2004-03-31🏢Company incorporatedAs ROBERT GRAHAM LIMITED
- 2004-03-31➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2004-03-31➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Owner dependency
83/100
Critical — business is the founderThe 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 22 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Caledonia Spirit Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Caledonia Spirit Limited
Corporate parent · holds 75-100% shares · board control
⬇
ROBERT GRAHAM LIMITED
This company · SC265810
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 |
|---|---|---|---|---|
Caledonia Spirit Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Stephen James Johnstoneceased 06/04/2016· 75-100% 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 |
|---|---|---|---|---|---|---|---|
| S&R FLOORING SCOTLAND LIMITED→ SC610373 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| S&R RAZZAQ LTD→ SC454282 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| SM GROCERS LTD→ SC750808 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| SMART CHOSE TRADERS LTD→ SC874343 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SMEDU LIMITED→ SC833814 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| SMITHSTONE FLOORING LTD→ SC342742 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| SMYLERS LTD→ SC852851 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SNATCHED MERCH LTD→ SC666975 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SOLUM TRADINGS LTD→ SC871884 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SOUKSPHERE LIMITED→ SC817681 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SPARKNET LIMITED→ SC650100 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| SPECIALEYES (GLASGOW) LTD→ SC321248 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2004-03-31
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered office
C/O Johnston Carmichael
227 West George Street
Glasgow
Lanarkshire
G2 2ND
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31
Officers (1 active · 6 resigned)
JOHNSTONE, Stephen James→
Activedirector · ~61y · appointed 2014-09-24
View their other companies + combined net worth →
BARNES, Anthony Gwynne→
Resignedsecretary · appointed 2004-04-26 · resigned 2014-09-24
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2004-03-31 · resigned 2004-04-26
GRAHAM, Laura Elisabeth→
Resigneddirector · ~54y · appointed 2010-11-10 · resigned 2014-09-24
MORRISON, Ron→
Resigneddirector · ~76y · appointed 2004-04-26 · resigned 2014-08-11
ORCHANT, Mitchell→
Resigneddirector · ~62y · appointed 2004-04-26 · resigned 2014-09-24
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2004-03-31 · resigned 2004-04-26
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Funding Circle Funding Circle Limited | A registered charge | 1 property | 05/12/2024 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 24/02/2023 | — | |
| satisfied | Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P. | A registered charge | — | 13/07/2020 | 15/09/2025 | |
| satisfied | Mr Mitchell Orchant | A registered charge | — | 24/09/2014 | 29/01/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 24/09/2014 | 29/01/2020 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 08/04/2005 | 02/10/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 17/08/2004 | 13/08/2010 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (89 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-11-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-25