DENNIS'S GENERAL MERCHANTS LIMITED

🌳Matureactive

SC377755 · ltd · incorporated 2010-04-29

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£265.1k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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

Confirmed no charges registered

Directors & officers

4 officers (2 active, 4 linked, 4 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

38 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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £265,150

Cash YoY

+37%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£210k

↑ 37% YoY

Net Worth

£265k

↑ 16% 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	2025-04-30	2024-04-30
Cash	£210.4k	£154.1k
Net assets	£265.1k	£227.7k

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

🔒Filing-note intelligence

2 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

• 2 persons-with-significant-control
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-01-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-05-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-05-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-05-01
➕
MCDONALD, Kerry Christine appointed
director
2018-05-01
➖
MCDONALD, Callum David resigned
director
2018-05-01
➖
MCDONALD, Sandra resigned
director
2017-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-11-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-19
➕
MCDONALD, Steven Callum appointed
director
2010-04-29
🏢
Company incorporated
As DENNIS'S GENERAL MERCHANTS LIMITED
2010-04-29
➕
MCDONALD, Callum David appointed
director
2010-04-29
➕
MCDONALD, Sandra appointed
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

59/100

Strong succession signal

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

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 13 years.
secondaryStable-but-static management: Company is 16 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

clean

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Kerry Christine Mcdonald Individual · Northern Irish · DOB 04/1979 · age 47	25–50%	25–50%	25-50% shares · 25-50% voting	19/11/2025
Mr Steven Callum Mcdonald Individual · Scottish · DOB 03/1984 · age 42	25–50%	25–50%	25-50% shares · 25-50% voting	01/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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

Incorporated2010-04-29

Jurisdictionscotland

Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

265-267 Montrose Street

Brechin

Angus

DD9 7EF

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-01-27

Last: 2026-01-13

Officers (2 active · 2 resigned)

MCDONALD, Kerry Christine→

director · ~47y · appointed 2018-05-01

View their other companies + combined net worth →

Active

MCDONALD, Steven Callum→

director · ~42y · appointed 2013-09-19

View their other companies + combined net worth →

Active

MCDONALD, Callum David→

director · ~68y · appointed 2010-04-29 · resigned 2018-05-01

Resigned

MCDONALD, Sandra→

director · ~66y · appointed 2010-04-29 · resigned 2018-05-01

Resigned

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

Recent filings (38 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-01-13

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

persons-with-significant-control · PSC01

2026-01-13