Company Overview
Wallace Bagpipes Scotland Ltd. is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 05 December 1994, so this is a well established company. Wallace Bagpipes Scotland Ltd. has been in business for 31 years and 3 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

40 Blythswood Drive, Paisley, PA3 2ES
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Companies House Data
Company NameWALLACE BAGPIPES SCOTLAND LTD.
Company NumberSC154707
Registered Office Address40 Blythswood Drive
 PA3 2ES
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date05/12/1994
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date02/01/2017
Returns Last Made Up Date05/12/2015
Directors & Members
Show Resigned
Craig Munro - Director
(British, 42 years old, born July 1984)
Appointed 30 January 2012
 Active
Secretaries
Show Resigned
Other Company Directorships
Craig Munro
DRUMS N ROSES (SCOTLAND) LTD
HIGHLAND SUPPLIES LIMITED
VINTAGE BAGPIPE MAKERS LTD
VINTAGE BAGPIPES LIMITED
WEDDING DAY ESSENTIALS LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 38,863 38,863 45,412
Current Assets 105,334 105,334 78,924
Creditors Due Within One Year 81,166 81,166 48,980
Working Cap 24,168 24,168 29,944
Total Assets Less Current Liabilities 63,031 63,031 75,356
Long-term Liabilities 55,069 55,069 73,433
Net Assets 7,962 7,962 1,923
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 7,962 7,962 1,923
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 27.0% 27.0% 36.5%
Stocks Inventory - - -
Debtors 24.0% 24.0% 17.3%
Cash Bank In Hand 2.1% 2.1% 2.5%
Current Assets 73.0% 73.0% 63.5%
Creditors Due Within One Year 56.3% 56.3% 39.4%
Net Current Assets Liabilities 16.8% 16.8% 24.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 5.5% 5.5% 1.5%
Capital Employed - - -
Total Assets Less Current Liabilities 43.7% 43.7% 60.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.3 1.3 1.6
Solvency Ratio 1.1 1.1 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 144,197 144,197 124,336
Debt 136,235 136,235 122,413
Net Assets/Debt 7,962 7,962 1,923

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around PA3 2ES
No other companies found in the same location
Document Filings
Confirmation statement made on 5 December 2025 with no updates
Notification of Craig Munro as a person with significant control on 31 August 2025
Termination of appointment of Hector Robert Macdonald as a director on 31 August 2025
Cessation of Hector Robert Macdonald as a person with significant control on 31 August 2025
Change of details for Mr Hector Robert Macdonald as a person with significant control on 30 January 2025
Change of details for Mr Hector Robert Macdonald as a person with significant control on 30 January 2025
Confirmation statement made on 5 December 2024 with no updates
Confirmation statement made on 5 December 2023 with no updates
Confirmation statement made on 5 December 2022 with no updates
Confirmation statement made on 5 December 2021 with no updates
Director's details changed for Mr Craig Munro on 22 June 2021
Director's details changed for Mr Hector Robert Macdonald on 22 June 2021
Confirmation statement made on 5 December 2020 with no updates
Confirmation statement made on 5 December 2019 with no updates
Confirmation statement made on 5 December 2018 with updates
Registered office address changed from Unit 20 Anniesland Business Park Netherton Road Glasgow Strathclyde G13 1EU to 40 Blythswood Drive Paisley PA3 2ES on 22 May 2018
Confirmation statement made on 5 December 2017 with no updates
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