Company Overview
McTears Gallery 1842 Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 12 November 2012, so this is a well established company. McTears Gallery 1842 Ltd has been in business for 13 years and 4 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Meiklewood Gate, 31 Meiklewood Road, Glasgow, G51 4GB
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Companies House Data
Company NameMCTEARS GALLERY 1842 LTD
Company NumberSC436645
Registered Office AddressMeiklewood Gate
 31 Meiklewood Road
 G51 4GB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date12/11/2012
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date10/12/2016
Returns Last Made Up Date12/11/2015
Directors & Members
Show Resigned
Brian Clements - Director
(British, 58 years old, born December 1968)
Appointed 12 November 2012
 Active
Michelle Henderson - Director
(Scottish, 43 years old, born February 1983)
Appointed 10 March 2020
 Active
Magda Ketterer - Director
(Scottish, 41 years old, born June 1985)
Appointed 10 March 2020
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Brian Clements
GREENOCK MORTON FOOTBALL CLUB LIMITED
MCTEAR'S TIMED BIDDING LIMITED
MILLPORT PROPERTIES LTD.
NOTROM ADVERTISING LIMITED
ROBERT MCTEAR LIMITED
ROBT. MCTEAR & CO (AUCTIONEERS) LIMITED
Michelle Henderson
MCTEAR'S TIMED BIDDING LIMITED
Magda Ketterer
MCTEAR'S TIMED BIDDING LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 183,838 183,838 152,628
Current Assets 1,737,010 1,737,010 1,850,737
Creditors Due Within One Year 829,293 829,293 946,956
Working Cap 907,717 907,717 903,781
Total Assets Less Current Liabilities 1,091,555 1,091,555 1,056,409
Long-term Liabilities 201,351 201,351 253,388
Net Assets 890,204 890,204 803,021
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 890,204 890,204 803,021
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 9.6% 9.6% 7.6%
Stocks Inventory - - -
Debtors 4.4% 4.4% 5.0%
Cash Bank In Hand 86.0% 86.0% 87.4%
Current Assets 90.4% 90.4% 92.4%
Creditors Due Within One Year 43.2% 43.2% 47.3%
Net Current Assets Liabilities 47.3% 47.3% 45.1%
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 46.3% 46.3% 40.1%
Capital Employed - - -
Total Assets Less Current Liabilities 56.8% 56.8% 52.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 2.1 2.1 2.0
Solvency Ratio 1.9 1.9 1.7
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-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 1,920,848 1,920,848 2,003,365
Debt 1,030,644 1,030,644 1,200,344
Net Assets/Debt 890,204 890,204 803,021

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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for 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 G51 4GB
E.M. MACKENZIE & CO. LIMITED
C/O Leonard Curtis Recovery Limted, 4th Floor, 58 Waterloo Street, Glasgow, Lanarkshine, G51 4GB
Document Filings
Confirmation statement made on 21 October 2025 with no updates
Confirmation statement made on 21 October 2024 with no updates
Confirmation statement made on 21 October 2023 with no updates
Confirmation statement made on 21 October 2022 with updates
Registration of charge SC4366450001, created on 17 November 2021
Confirmation statement made on 21 October 2021 with no updates
Termination of appointment of Lynette Grant as a director on 8 October 2021
Confirmation statement made on 12 November 2020 with updates
Director's details changed for Ms Magda Regine Ketterer on 17 June 2020
Director's details changed for Ms Michelle Henderson on 17 June 2020
Director's details changed for Ms Lynette Grant on 15 June 2020
Appointment of Ms Magda Regine Ketterer as a director on 10 March 2020
Appointment of Ms Lynette Grant as a director on 10 March 2020
Appointment of Ms Michelle Henderson as a director on 10 March 2020
Registered office address changed from Meiklewood Gate 31 Meiklewood Road Glasgow G51 4EU to Meiklewood Gate 31 Meiklewood Road Glasgow G51 4GB on 6 March 2020
Confirmation statement made on 12 November 2019 with updates
Confirmation statement made on 12 November 2018 with updates
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