MCMINNS PHARMACY LTD

💤Zombieactive
SC767436 · ltd · incorporated 2023-04-26
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.
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 Jul 2024
Net worth
£63.8k
book net assets
Opportunity
70/100
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 acceptable with review structure.

Opportunity 70/100 (strong), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 3.0y

0/100
under pressure

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

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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 £63,790

Key financials

1 year extracted from filed iXBRL accounts
Cash
£167k
Net Worth
£64k
Current Assets
£476k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-31
Total assets£63.8k
Current assets£475.8k
Cash£167.1k
Debtors£254.3k
Net assets£63.8k

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
5
filings
  • 5 mortgage
Last 180 days
5
filings
  • 5 mortgage
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-11
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  2. 2026-04-11
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  3. 2026-03-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-03-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-03-26
    🔓
    Charge satisfied #2
  6. 2026-03-26
    🔓
    Charge satisfied #1
  7. 2026-03-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2026-03-18
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  9. 2025-08-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2025-08-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-05-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2025-05-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2025-01-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2024-09-04
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2023-09-16
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  17. 2023-09-16
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  18. 2023-09-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2023-08-31
    🔒
    Charge registered #3
    Lender: Lloyds Bank Commercial Finance Limited
  20. 2023-07-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2023-07-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2023-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2023-07-20
    🔒
    Charge registered #2
    Lender: Tsb Bank PLC
  24. 2023-07-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2023-07-07
    🔒
    Charge registered #1
    Lender: Tsb Bank PLC
  26. 2023-04-26
    🏢
    Company incorporated
    As MCMINNS PHARMACY LTD
  27. 2023-04-26
    PARAOUTY, Muhammad Naim appointed
    director
  28. 2023-04-26
    📄
    incorporation-company
    incorporation · NEWINC

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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

In2 Holding Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
In2 Holding Ltd
Corporate parent · holds 75-100% shares
ultimate parent
MCMINNS PHARMACY LTD
This company · SC767436

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
In2 Holding Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting14/08/2025
2 historic (ceased) PSCs
  • Mr Muhammad Naim Paraoutyceased 14/08/2025· 75-100% shares · 75-100% voting · board control
  • Mrs Iqra Irfanceased 26/04/2023· 25-50% shares · 25-50% voting

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

8 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
Incorporated2023-04-26
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

19 Main Street
Wishaw
ML2 7AF
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-10
Last: 2025-07-27

Officers (1 active · 0 resigned)

PARAOUTY, Muhammad Naim
director · ~32y · appointed 2023-04-26
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge18/03/2026
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance Limited
A registered charge31/08/2023
satisfied
Lloyds Banking Group
Tsb Bank PLC
A registered charge20/07/202326/03/2026
satisfied
Lloyds Banking Group
Tsb Bank PLC
A registered charge1 property07/07/202326/03/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-04-11
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-04-11
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-26
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-08
change-person-director-company-with-change-date
officers · CH01
2025-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
change-account-reference-date-company-previous-extended
accounts · AA01
2024-09-04
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-09-16