CHAPTER ONE HAIR SPA LIMITED

🌳Matureactive
SC427564 · ltd · incorporated 2012-07-04
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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
—
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Turnover
—
year to Jul 2025
Net worth
£43.5k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Hairdressing and other beauty treatment
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -57% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.6y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 £43,519
Cash draining
Cash down 57% YoY
Cash YoY
-57%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↓ 57% YoY
Net Worth
£44k
↑ 31% YoY
Current Assets
£253k
~ YoY
Current Liabilities
—
£0£51k£101k£152k£203k£253kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£70.3k£85.3k
Current assets£252.9k£253.3k
Cash£20.6k£48.1k
Debtors£194.7k£167.6k
Net assets£43.5k£33.3k

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
1
filing
  • • 1 confirmation-statement
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 (20 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-07-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-01-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-12-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  5. 2024-12-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-11-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-07-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-07-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-07-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2012-07-04
    🏢
    Company incorporated
    As CHAPTER ONE HAIR SPA LIMITED
  19. 2012-07-04
    ➕
    BERTRAM, Paul appointed
    director
  20. 2012-07-04
    ➕
    CLUGSTON, Natalie appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
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.
  • 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

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
Mrs Natalie Clugston
Individual · British · DOB 04/1988 · age 38
25–50%
—sig. influence25-50% shares · significant influence · firm interest04/07/2016
Mr Paul Bertram
Individual · British · DOB 09/1989 · age 37
25–50%
—sig. influence25-50% shares · significant influence · firm interest04/07/2016

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
Incorporated2012-07-04
Jurisdictionscotland
Primary SIC96020 — Hairdressing and other beauty treatment

Registered office

2 Dalhousie Road
Dalkeith
Midlothian
EH22 3AS

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-07-16
Last: 2026-07-02

Officers (2 active · 0 resigned)

BERTRAM, Paul→
director · ~37y · appointed 2012-07-04
View their other companies + combined net worth →
Active
CLUGSTON, Natalie→
director · ~38y · appointed 2012-07-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—20/12/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-03
change-person-director-company-with-change-date
officers · CH01
2024-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-14
change-person-director-company-with-change-date
officers · CH01
2022-07-14