TWO LOCHS DISPENSING LIMITED

🌳Matureactive
SC383050 · ltd · incorporated 2010-08-03
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£302.4k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 12.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (75/100)

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
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 7 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
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 £302,353

Key financials

1 year extracted from filed iXBRL accounts
Cash
£41k
Net Worth
£302k
Current Assets
£147k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£329.2k
Current assets£146.7k
Cash£41.3k
Debtors£77.5k
Net assets£302.4k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-01-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-01-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-09-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-09-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-09-21
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2017-04-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-01-16
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2016-12-08
    ➕
    BALMER, Michael John appointed
    director
  18. 2016-12-08
    ➕
    DRYDEN, David James appointed
    director
  19. 2016-12-08
    ➖
    BAPTIST, Christine resigned
    director
  20. 2016-12-08
    ➖
    MITCHELL, Donna resigned
    director
  21. 2016-12-08
    ➖
    RAMSAY, Jock Watson, Dr resigned
    director
  22. 2016-12-08
    ➖
    RAMSAY, Margaret Helen resigned
    director
  23. 2016-05-16
    ➕
    RAMSAY, Jock Watson, Dr appointed
    director
  24. 2014-05-21
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  25. 2014-05-01
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  26. 2012-05-23
    ➖
    VICKERSTAFF, Andrew resigned
    director
  27. 2010-08-03
    🏢
    Company incorporated
    As TWO LOCHS DISPENSING LIMITED
  28. 2010-08-03
    ➕
    BAPTIST, Christine appointed
    director
  29. 2010-08-03
    ➕
    MITCHELL, Donna appointed
    director
  30. 2010-08-03
    ➕
    RAMSAY, Margaret Helen appointed
    director
  31. 2010-08-03
    ➕
    VICKERSTAFF, Andrew appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
NameSharesVoting rightsNature of controlNotified
Mr Michael John Balmer
Individual · British · DOB 05/1980 · age 46
——sig. influencesignificant influence08/12/2016
Mr David James Dryden
Individual · British · DOB 12/1980 · age 46
——sig. influencesignificant influence08/12/2016

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
Incorporated2010-08-03
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

Gairloch Pharmacy The Old Bakery
Strath
Gairloch
Wester Ross
IV21 2BT

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (2 active · 5 resigned)

BALMER, Michael John→
director · ~46y · appointed 2016-12-08
View their other companies + combined net worth →
Active
DRYDEN, David James→
director · ~46y · appointed 2016-12-08
View their other companies + combined net worth →
Active
BAPTIST, Christine→
director · ~54y · appointed 2010-08-03 · resigned 2016-12-08
Resigned
MITCHELL, Donna→
director · ~65y · appointed 2010-08-03 · resigned 2016-12-08
Resigned
RAMSAY, Jock Watson, Dr→
director · ~67y · appointed 2016-05-16 · resigned 2016-12-08
Resigned
RAMSAY, Margaret Helen→
director · ~67y · appointed 2010-08-03 · resigned 2016-12-08
Resigned
VICKERSTAFF, Andrew→
director · ~61y · appointed 2010-08-03 · resigned 2012-05-23
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property21/05/2014—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—01/05/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

change-account-reference-date-company-current-extended
accounts · AA01
2026-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-23
change-person-director-company-with-change-date
officers · CH01
2020-01-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-01-15