ARMAC VETS LIMITED

🌳Matureactive
SC425078 · ltd · incorporated 2012-05-28
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.4y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Veterinary activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 11.4y

70/100
ready

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
39 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Average employees29003000

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

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-31
    MIDDLETON, Andrew Christopher appointed
    director
  4. 2023-08-31
    REIVE, Kirstyn Margaret appointed
    director
  5. 2023-08-31
    RODGER, Graeme resigned
    director
  6. 2023-08-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-08-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-05-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2022-05-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2022-05-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-11-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-11-11
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  16. 2021-08-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2021-08-02
    🔓
    Charge satisfied #2
  18. 2021-04-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2021-04-29
    🔓
    Charge satisfied #1
  20. 2021-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-06-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2020-02-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2020-02-11
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  24. 2019-05-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  25. 2014-12-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2014-06-19
    ARMSTRONG, John Waugh resigned
    director
  27. 2012-05-28
    🏢
    Company incorporated
    As ARMAC VETS LIMITED
  28. 2012-05-28
    GARDNER-ROBERTS, David appointed
    director
  29. 2012-05-28
    ARMSTRONG, John Waugh appointed
    director
  30. 2012-05-28
    RODGER, Graeme 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
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondary12+ year tenure: Director in role 14 years.
  • 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Armac Services Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Armac Services Ltd
Corporate parent
ARMAC VETS LIMITED
This company · SC425078

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Armac Services Ltd
Corporate entity
sig. influencesignificant influence23/05/2022
2 historic (ceased) PSCs
  • Mr Graeme Rodgerceased 23/05/2022· 50-75% shares · 50-75% voting
  • Mr David Gardner-Robertsceased 23/05/2022· 25-50% shares · 25-50% voting

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
Incorporated2012-05-28
Jurisdictionscotland
Primary SIC75000 — Veterinary activities

Registered office

4 Station Road
Biggar
ML12 6BW

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-06
Last: 2025-05-23

Officers (3 active · 2 resigned)

GARDNER-ROBERTS, David
director · ~58y · appointed 2012-05-28
View their other companies + combined net worth →
Active
MIDDLETON, Andrew Christopher
director · ~41y · appointed 2023-08-31
View their other companies + combined net worth →
Active
REIVE, Kirstyn Margaret
director · ~39y · appointed 2023-08-31
View their other companies + combined net worth →
Active
ARMSTRONG, John Waugh
director · ~78y · appointed 2012-05-28 · resigned 2014-06-19
Resigned
RODGER, Graeme
director · ~70y · appointed 2012-05-28 · resigned 2023-08-31
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge11/11/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property11/02/202002/08/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge19/12/201429/04/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
appoint-person-director-company-with-name-date
officers · AP01
2023-08-31
appoint-person-director-company-with-name-date
officers · AP01
2023-08-31
termination-director-company-with-name-termination-date
officers · TM01
2023-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-05-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-29