GYMOLOGY CIC

💤Zombieactive

SC626516 · private-limited-guarant-nsc · incorporated 2019-04-02

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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

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

—

Upgrade to see

Turnover

—

year to Apr 2024

Net worth

£-4.5k

book net assets

Opportunity

69/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Retail sale of clothing in specialised stores

Sector: Wholesale & retail

ALSO REGISTERED FOR

56102Unlicenced restaurants and cafes
68100Buying and selling of own real estate
68209Other letting and operating of own or leased real estate

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (1 active, 4 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

27 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £4,472

Cash YoY

+290%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£5k

↑ 290% YoY

Net Worth

-£4k

↑ 10% YoY

Current Assets

£11k

↑ 50% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-04-30	2023-04-30
Total assets	£-4.5k	£-5.0k
Current assets	£10.5k	£7.0k
Cash	£4.7k	£1.2k
Debtors	£5.8k	£5.8k
Net assets	£-4.5k	£-5.0k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-30
➖
WAUGH, Amanda resigned
director
2025-07-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-07
➖
HANDY, Mairi resigned
director
2025-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-19
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-10-01
📄
gazette-notice-compulsory
gazette · GAZ1
2024-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-19
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-18
📄
gazette-notice-compulsory
gazette · GAZ1
2022-11-09
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2022-11-08
📄
gazette-notice-compulsory
gazette · GAZ1
2022-07-01
➖
GEEKIE, Tanya resigned
director
2022-04-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-02-14
➕
GEEKIE, Tanya appointed
director
2020-10-17
➕
WAUGH, Amanda appointed
director
2020-10-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-04-02
🏢
Company incorporated
As GYMOLOGY CIC
2019-04-02
➕
DUGUID, Valerie appointed
director
2019-04-02
➕
HANDY, Mairi 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

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

1 med · 1 low

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HANDY, Mairi resigned 2025-07-07; WAUGH, Amanda resigned 2025-07-30

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Valerie Duguid Individual · British · DOB 01/1971 · age 55	—	25–50%	25-50% voting	02/04/2019

1 historic (ceased) PSC

Mairi Handyceased 07/07/2025· 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Retail · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DIRECT SOCCER LIMITED→ SC331369 · est 2007	£3.48M £2.61M–£4.35M	—	—	3900	18y	82	66y
GILLIES OF BROUGHTY FERRY LIMITED→ SC026803 · est 1949	£3.30M £2.48M–£4.13M	—	—	200	77y	83	73y
THE PET FOOD STORE (SCOTLAND) LIMITED→ SC374396 · est 2010	£474.4k £355.8k–£593.0k	—	—	6	16y	82	70y
BRECHIN CASTLE CENTRE LIMITED→ SC154663 · est 1994	—	—	£1.79M	—	31y	83	78y
A. KELLY LIMITED→ SC081337 · est 1982	—	—	—	1600	43y	82	74y
ANDERSON BUTCHERS LIMITED→ SC268128 · est 2004	—	—	—	2200	22y	82	68y
BAG SUPPLIES (FIBC) LTD.→ SC222749 · est 2001	—	—	£195.0k	—	24y	82	77y
COLIN M SMITH LIMITED→ SC094396 · est 1985	—	—	—	2100	40y	82	71y
DUNRIC LIMITED→ SC175641 · est 1997	—	—	—	200	29y	82	73y
GARDEN FURNITURE SCOTLAND LIMITED→ SC306261 · est 2006	—	—	£463.3k	—	19y	82	59y
HAYAT BROTHERS LTD→ SC355228 · est 2009	—	—	£578.5k	—	17y	82	74y
JOHN KERR & SON (DAIRYMEN) LIMITED→ SC069602 · est 1979	—	—	—	7500	46y	82	66y

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

Typeprivate-limited-guarant-nsc

Incorporated2019-04-02

Jurisdictionscotland

Primary SIC47710 — Retail sale of clothing in specialised stores

Registered office

53 Flat B Windsor Court Church Street

Broughty Ferry

Dundee

DD5 1EU

Scotland

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-07-30

Last: 2025-07-16

Officers (1 active · 3 resigned)

DUGUID, Valerie→

director · ~55y · appointed 2019-04-02

View their other companies + combined net worth →

Active

GEEKIE, Tanya→

director · ~53y · appointed 2021-02-14 · resigned 2022-07-01

Resigned

HANDY, Mairi→

director · ~51y · appointed 2019-04-02 · resigned 2025-07-07

Resigned

WAUGH, Amanda→

director · ~48y · appointed 2020-10-17 · resigned 2025-07-30

Resigned

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

Recent filings (27 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-10-29

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-10-29

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-30

termination-director-company-with-name-termination-date

officers · TM01

2025-07-30

termination-director-company-with-name-termination-date

officers · TM01

2025-07-30

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-07-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-30

confirmation-statement-with-updates

confirmation-statement · CS01

2024-11-11

gazette-filings-brought-up-to-date

gazette · DISS40

2024-10-19

gazette-notice-compulsory

gazette · GAZ1

2024-10-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-04-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-08-02

accounts-with-accounts-type-micro-entity

accounts · AA

2023-05-03

termination-director-company-with-name-termination-date

officers · TM01

2023-04-20

gazette-filings-brought-up-to-date

gazette · DISS40

2023-04-19