PATERSON PHARMACY LTD.

⚰️Wound downdissolved
SC277429 · ltd · incorporated 2004-12-15
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
🔔
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What this business does
Primary activity: SIC 8514
Sector: Education
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 77). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 21.4y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 21.4 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (48/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (52 events)Click to expand
  1. 2013-04-17
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2013-04-17
    🏁
    Company dissolved
  3. 2013-01-17
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2013-01-17
    ⚠️
    liquidation-miscellaneous
    insolvency · LIQ MISC
  5. 2011-09-15
    📄
    legacy
    mortgage · MG03s
  6. 2011-09-15
    🔓
    Charge satisfied #1
  7. 2011-09-08
    📄
    legacy
    mortgage · MG03s
  8. 2011-09-07
    🔓
    Charge satisfied #5
  9. 2011-09-02
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  10. 2011-09-02
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2010-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2010-12-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2010-05-04
    📄
    legacy
    mortgage · MG02s
  14. 2010-05-01
    🔓
    Charge satisfied #4
  15. 2010-03-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2010-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2009-12-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2009-09-03
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2009-08-27
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  21. 2009-08-25
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  22. 2009-07-17
    📄
    legacy
    mortgage · 410(Scot)
  23. 2009-07-13
    🔒
    Charge registered #5
    Lender: Rbs Invoice Finance Limited
  24. 2009-05-11
    📄
    legacy
    annual-return · 363a
  25. 2009-05-11
    📄
    legacy
    officers · 288c
  26. 2009-05-11
    📄
    legacy
    officers · 288c
  27. 2008-11-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  28. 2008-10-16
    📄
    legacy
    accounts · 225
  29. 2008-10-07
    📍
    legacy
    address · 287
  30. 2008-04-12
    📄
    legacy
    mortgage · 419a(Scot)
  31. 2008-04-11
    🔓
    Charge satisfied #3
  32. 2008-04-11
    🔓
    Charge satisfied #2
  33. 2008-03-13
    ➕
    SINCLAIR, David Alexander appointed
    secretary
  34. 2008-03-13
    ➕
    SINCLAIR, David Alexander appointed
    director
  35. 2008-03-13
    ➕
    SINCLAIR, William Bruce appointed
    director
  36. 2008-03-13
    ➖
    PATERSON, Fay Hannah resigned
    secretary
  37. 2008-03-13
    ➖
    EDGELY, Peter resigned
    director
  38. 2008-03-13
    ➖
    MORRISON, Joyce resigned
    director
  39. 2008-03-13
    ➖
    PATERSON, James Thomas resigned
    director
  40. 2006-09-01
    ➕
    EDGELY, Peter appointed
    director
  41. 2006-09-01
    ➕
    MORRISON, Joyce appointed
    director
  42. 2005-03-28
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  43. 2005-01-26
    🔒
    Charge registered #3
    Lender: Barclay Pharmaceuticals Limited
  44. 2005-01-26
    🔒
    Charge registered #2
    Lender: Aah Pharmaceuticals Limited
  45. 2005-01-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  46. 2004-12-15
    🏢
    Company incorporated
    As PATERSON PHARMACY LTD.
  47. 2004-12-15
    ➕
    PATERSON, Fay Hannah appointed
    secretary
  48. 2004-12-15
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  49. 2004-12-15
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  50. 2004-12-15
    ➕
    PATERSON, James Thomas appointed
    director
Showing most recent 50 of 52 events

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 21 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

2 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2013-04-17

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2013-04-17: gazette-dissolved-liquidation; 2013-01-17: liquidation-voluntary-return-of-final-meeting-scotland

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.

🔒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

10 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

Statusdissolved
Typeltd
Incorporated2004-12-15
Jurisdictionscotland
Primary SIC8514 — SIC 8514

Registered office

Finlay House
10-14 West Nile Street
Glasgow
G1 2PP

Filing status

Accounts
Next due: —
Last made up to: 2010-02-28
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

SINCLAIR, David Alexander→
secretary · appointed 2008-03-13
View their other companies + combined net worth →
Active
SINCLAIR, David Alexander→
director · ~53y · appointed 2008-03-13
View their other companies + combined net worth →
Active
SINCLAIR, William Bruce→
director · ~77y · appointed 2008-03-13
View their other companies + combined net worth →
Active
PATERSON, Fay Hannah→
secretary · appointed 2004-12-15 · resigned 2008-03-13
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-12-15 · resigned 2004-12-15
Resigned
EDGELY, Peter→
director · ~73y · appointed 2006-09-01 · resigned 2008-03-13
Resigned
MORRISON, Joyce→
director · ~65y · appointed 2006-09-01 · resigned 2008-03-13
Resigned
PATERSON, James Thomas→
director · ~57y · appointed 2004-12-15 · resigned 2008-03-13
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-12-15 · resigned 2004-12-15
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property13/07/200907/09/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/03/200501/05/2010
satisfied
Barclay Pharmaceuticals
Barclay Pharmaceuticals Limited
Bond & floating charge1 property26/01/200511/04/2008
satisfied
Aah Pharmaceuticals
Aah Pharmaceuticals Limited
Bond & floating charge1 property26/01/200511/04/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property18/01/200515/09/2011

Recent filings (55 total)

gazette-dissolved-liquidation
gazette · GAZ2
2013-04-17
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2013-01-17
liquidation-miscellaneous
insolvency · LIQ MISC
2013-01-17
legacy
mortgage · MG03s
2011-09-15
legacy
mortgage · MG03s
2011-09-08
change-registered-office-address-company-with-date-old-address
address · AD01
2011-09-02
resolution
resolution · RESOLUTIONS
2011-09-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-12-15
accounts-with-accounts-type-small
accounts · AA
2010-12-01
legacy
mortgage · MG02s
2010-05-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-03-04
change-person-director-company-with-change-date
officers · CH01
2010-03-04
change-person-director-company-with-change-date
officers · CH01
2010-03-04
accounts-with-accounts-type-small
accounts · AA
2009-12-30
resolution
resolution · RESOLUTIONS
2009-09-03