ALXPHARM LTD

🏛️Establishedactive
SC607207 · ltd · incorporated 2018-09-04
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
£308.2k
book net assets
Opportunity
74/100
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 74/100 (strong), bankability 75/100. 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 -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 5.2y

30/100
under pressure

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

  • · Oldest live charge is 5.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
2 charges (2/2 with lender, 2/2 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
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
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 £308,222
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↓ 84% YoY
Net Worth
£308k
↑ 37% YoY
Current Assets
Current Liabilities
£0£62k£123k£185k£247k£308kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£1.61M£1.39M
Cash£3.9k£25.1k
Net assets£308.2k£224.3k

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 address
  • 1 accounts
Last 180 days
2
filings
  • 1 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-02-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-10-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-10-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-10-08
    🔓
    Charge satisfied #1
  7. 2024-10-04
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  8. 2024-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-11-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2023-05-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-10-19
    📄
    capital-name-of-class-of-shares
    capital · SH08
  13. 2021-10-18
    📄
    memorandum-articles
    incorporation · MA
  14. 2021-10-18
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2021-03-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-03-02
    🔒
    Charge registered #1
    Lender: Unity Trust Bank PLC
  17. 2021-02-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2020-04-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-09-04
    🏢
    Company incorporated
    As ALXPHARM LTD
  20. 2018-09-04
    FORSYTH, William Gordon appointed
    director
  21. 2018-09-04
    STUART, Alexandra Louise Margaret appointed
    director
  22. 2018-09-04
    📄
    incorporation-company
    incorporation · NEWINC

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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
Mr William Gordon Forsyth
Individual · British · DOB 08/1978 · age 48
2550%
25-50% shares04/09/2018
Miss Alexandra Louise Margaret Stuart
Individual · British · DOB 02/1989 · age 37
2550%
25-50% shares04/09/2018

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
Incorporated2018-09-04
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

13 Balfron Road
Killearn
Glasgow
G63 9NN
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-17
Last: 2025-09-03

Officers (2 active · 0 resigned)

FORSYTH, William Gordon
director · ~48y · appointed 2018-09-04
View their other companies + combined net worth →
Active
STUART, Alexandra Louise Margaret
director · ~37y · appointed 2018-09-04
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
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property04/10/2024
satisfied
Unity Trust Bank
Unity Trust Bank PLC
A registered charge02/03/202108/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-20
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-29
capital-name-of-class-of-shares
capital · SH08
2021-10-19
memorandum-articles
incorporation · MA
2021-10-18