GNL WAREHOUSE LTD

🌱Startupactive
SC813183 · ltd · incorporated 2024-06-11
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
£-1.3k
book net assets
Opportunity
69/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Wholesale of furniture, carpets and lighting equipment
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. 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 (69/100)

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £1,290

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£1k
Current Assets
£2k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-30
Total assets£-1.3k
Current assets£1.9k
Net assets£-1.3k

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 (9 events)Click to expand
  1. 2025-10-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-06-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-03-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-03-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-03-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-06-11
    🏢
    Company incorporated
    As GNL WAREHOUSE LTD
  8. 2024-06-11
    MCCANN, Nicola appointed
    director
  9. 2024-06-11
    📄
    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.
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

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 low
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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Nicola Mccann
Individual · British · DOB 03/1985 · age 41
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/06/2024

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

Similar companies

Active · Wholesale & distribution · ML postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
AMZCONRSELL LIMITED
SC866666 · est 2025 · no financials extracted
GALLOWAY & MACLEOD LIMITED
SC011719 · est 1921 · no financials extracted
104y
GARY CASTLES GOLF LIMITED
SC766502 · est 2023 · no financials extracted
2y
GIM LIMITED
SC873876 · est 2025 · no financials extracted
GIUSEPPE'S WINES LIMITED
SC522547 · est 2015 · no financials extracted
10y
GLOBAL X BUILD LTD
SC833353 · est 2025 · no financials extracted
1y
GLS DISTRIBUTION LTD
SC830133 · est 2024 · no financials extracted
1y
GOLDENED MIND LTD
SC843904 · est 2025 · no financials extracted
1y
GRAEME A. WALKER AGENCIES LIMITED
SC254530 · est 2003 · no financials extracted
22y
GRAEME HUDSON ELECTRIC MOTORS & GEARBOXES LIMITED
SC759299 · est 2023 · no financials extracted
3y
GRAHAM CRAWFORD AGENCIES LIMITED
SC390478 · est 2010 · no financials extracted
15y
GRAY BATHROOMS LTD
SC803991 · est 2024 · no financials extracted
2y
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
Incorporated2024-06-11
Jurisdictionscotland
Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment

Registered office

26 Chantinghall Road
Hamilton
ML3 8NG
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10

Officers (1 active · 0 resigned)

MCCANN, Nicola
director · ~41y · appointed 2024-06-11
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
change-person-director-company-with-change-date
officers · CH01
2025-06-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-10
incorporation-company
incorporation · NEWINC
2024-06-11