D & M GRAY LIMITED
🌳Matureactive
SC428662 · ltd · incorporated 2012-07-19
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 7.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£33.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other retail sale of food in specialised stores
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 80/100. 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 (65/100).
🏦
Refinance opportunity
1 live charge · oldest 7.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 7.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £33,082
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£33k
↑ 12% YoY
Current Assets
£14k
↓ 7.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £276.0k | £119.6k |
| Current assets | £13.6k | £14.6k |
| Net assets | £33.1k | £29.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-12-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-01-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-09-21🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2018-08-06📄resolutionresolution · RESOLUTIONS
- 2018-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-07-19🏢Company incorporatedAs D & M GRAY LIMITED
- 2012-07-19➕GRAY, Deborah Anne appointedsecretary
- 2012-07-19➕GRAY, Deborah Anne appointeddirector
- 2012-07-19➕GRAY, Michael Alexander Hendry appointeddirector
Owner dependency
89/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "GRAY" — strong identity link between founder and business.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Deborah Anne Gray Individual · Scottish · DOB 07/1967 · age 59 | 50–75% | 50–75% | board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence | 19/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| DG HEARING LIMITED→ SC479922 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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| DJK'S AFRO MART LTD→ SC858855 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DLUGOSZ SALES CO. LTD→ SC797693 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| DMC TIMEPIECES LTD→ SC754888 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DOKAS-STORE LTD→ SC836228 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DOLCE VITA FLOWERS LIMITED→ SC457244 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| DOMILIA LTD→ SC850550 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DOUGH ME A FLAVOUR LTD→ SC817821 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DUNCAN AND TODD DORMANT LIMITED→ SC065756 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| DUNCAN AND TODD LIMITED→ SC065757 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
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.
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See pricing →Company details
Statusactive
Typeltd
Incorporated2012-07-19
Jurisdictionscotland
Primary SIC47290 — Other retail sale of food in specialised stores
Registered office
32-34 New Street
Rothes
Aberlour
Moray
AB38 7BQ
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19
Officers (3 active · 0 resigned)
GRAY, Deborah Anne→
Activesecretary · appointed 2012-07-19
View their other companies + combined net worth →
GRAY, Deborah Anne→
Activedirector · ~59y · appointed 2012-07-19
View their other companies + combined net worth →
GRAY, Michael Alexander Hendry→
Activedirector · ~61y · appointed 2012-07-19
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 21/09/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (30 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-30
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-27