GALA MEDICINES LTD

💤Zombieactive
SC537272 · ltd · incorporated 2016-06-06
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
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Turnover
year to Jun 2024
Net worth
£792.7k
book net assets
Opportunity
73/100
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 73/100 (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: 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

2 live charges · oldest 9.1y

45/100
under pressure

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

  • · Oldest live charge is 9.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
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 · FRS 102
Positive net assets
Net assets £792,657
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£116k
↓ 1.1% YoY
Net Worth
£793k
↑ 20% YoY
Current Assets
£790k
↑ 12% YoY
Current Liabilities
£0£159k£317k£476k£634k£793kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-302023-06-30
Total assets£1.04M£906.6k
Current assets£790.3k£708.3k
Cash£116.5k£117.7k
Debtors£634.8k£524.5k
Net assets£792.7k£659.1k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-03-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-03-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-03-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2017-10-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  12. 2017-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2017-04-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-04-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  15. 2016-06-07
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  16. 2016-06-06
    🏢
    Company incorporated
    As GALA MEDICINES LTD
  17. 2016-06-06
    RAZZAQ, Umar appointed
    director
  18. 2016-06-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

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

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

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Umar Razzaq
Individual · British · DOB 07/1982 · age 44
75100%
75-100% shares05/06/2017

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2016-06-06
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

32 Welbeck Road
Glasgow
G53 7SD
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (1 active · 0 resigned)

RAZZAQ, Umar
director · ~44y · appointed 2016-06-06
View their other companies + combined net worth →
Active

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
The Royal Bank of Scotland PLC
A registered charge1 property16/10/2017
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge12/04/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-22