CD CHEM LIMITED

💤Zombieactive
SC429140 · ltd · incorporated 2012-07-26
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
75/100
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 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.2y

45/100
under pressure

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

  • · Oldest live charge is 6.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
46 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.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Average employees200200

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 (27 events)Click to expand
  1. 2025-10-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-10-01
    HANIF, Mohammed Arif resigned
    director
  3. 2025-07-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-12-19
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2022-12-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-12-13
    🔓
    Charge satisfied #1
  10. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-10-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2021-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2021-10-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-10-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-10-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2021-10-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2021-08-03
    HANIF, Mohammed Arif appointed
    director
  18. 2021-08-03
    NUGENT, Damian Luke resigned
    director
  19. 2021-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-04-29
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  21. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2020-03-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2020-03-02
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  25. 2012-07-26
    🏢
    Company incorporated
    As CD CHEM LIMITED
  26. 2012-07-26
    JOHNSTONE, Christopher appointed
    director
  27. 2012-07-26
    NUGENT, Damian Luke appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.)

Group structure

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

🏛️
Blackburn Health Ltd
Corporate parent · holds 25-50% shares
significant stake
CD CHEM LIMITED
This company · SC429140

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Blackburn Health Ltd
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting03/08/2021
Mr Christopher Johnstone
Individual · British · DOB 01/1988 · age 38
2550%
25–50%25-50% shares · 25-50% voting21/01/2019
1 historic (ceased) PSC
  • Mr Damian Luke Nugentceased 03/08/2021· 25-50% shares

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

7 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
Incorporated2012-07-26
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

2a Sycamore Walk
Blackburn
Bathgate
West Lothian
EH47 7LH
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (1 active · 2 resigned)

JOHNSTONE, Christopher
director · ~38y · appointed 2012-07-26
View their other companies + combined net worth →
Active
HANIF, Mohammed Arif
director · ~48y · appointed 2021-08-03 · resigned 2025-10-01
Resigned
NUGENT, Damian Luke
director · ~40y · appointed 2012-07-26 · resigned 2021-08-03
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property02/03/202013/12/2022

Recent filings (46 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
change-account-reference-date-company-previous-extended
accounts · AA01
2022-12-19
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
gazette-filings-brought-up-to-date
gazette · DISS40
2021-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-10-22