Company Overview
Brae Stores Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 12 September 1983, so this is a well established company. Brae Stores Limited has been in business for 42 years and 6 months. The accounts status is total exemption full and the accounts are next due on Saturday 31 October 2026.
Registered Address

Ellesmere Stores Esplanade, Lerwick, Shetland, Shetland Isles, ZE1 0LL
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Companies House Data
Company NameBRAE STORES LIMITED
Company NumberSC084566
Registered Office AddressEllesmere Stores Esplanade
 Lerwick
 ZE1 0LL
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date12/09/1983
Accounting Reference Date Day31
Accounting Reference Date Month1
Accounts Next Due Date31/10/2026
Accounts Last Made Up Date31/01/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date03/09/2016
Returns Last Made Up Date06/08/2015
Directors & Members
Show Resigned
Ian Cunynghame - Director
(British, 47 years old, born August 1979)
Appointed 01 September 1997
 Active
Agnes Smith - Director
(British, 41 years old, born August 1985)
Appointed 04 December 2020
 Active
Secretaries
Show Resigned
Ian Cunynghame - Secretary
Appointed 04 May 2020
 Active
Other Company Directorships
Ian Cunynghame
CUNYNGHAME HOLDINGS LIMITED
CUNYNGHAME PROPERTIES LIMITED
CUNYNGHAME SELF CATERING LTD
D G LESLIE LIMITED
ELLESMERE TRADING LTD
FAIRWAY FISHING LTD
SC HOMES SHETLAND LTD
ZETLAND PARTNERSHIP LLP
Agnes Smith
D G LESLIE LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2023 31-Jan-2022
Balance Sheet
Fixed Assets 47,488 47,488 81,430
Current Assets 684,116 684,116 617,056
Creditors Due Within One Year 247,274 247,274 194,099
Working Cap 436,842 436,842 422,957
Total Assets Less Current Liabilities 484,330 484,330 504,387
Long-term Liabilities 12,248 12,248 35,529
Net Assets 472,082 472,082 468,858
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 472,082 472,082 468,858
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2023 31-Jan-2022
Tangible Fixed Assets - - -
Fixed Assets 6.5% 6.5% 11.7%
Stocks Inventory - - -
Debtors 29.0% 29.0% 0.9%
Cash Bank In Hand 26.3% 26.3% 51.2%
Current Assets 93.5% 93.5% 88.3%
Creditors Due Within One Year 33.8% 33.8% 27.8%
Net Current Assets Liabilities 59.7% 59.7% 60.6%
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 64.5% 64.5% 67.1%
Capital Employed - - -
Total Assets Less Current Liabilities 66.2% 66.2% 72.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2023 31-Jan-2022
Liquidity Ratio 2.8 2.8 3.2
Solvency Ratio 2.8 2.8 3.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 8
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2023 31-Jan-2022
Assets 731,604 731,604 698,486
Debt 259,522 259,522 229,628
Net Assets/Debt 472,082 472,082 468,858

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
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Document Filings
Satisfaction of charge SC0845660011 in full
Registration of charge SC0845660012, created on 6 January 2026
Registration of charge SC0845660011, created on 15 December 2025
Confirmation statement made on 6 August 2025 with no updates
Confirmation statement made on 6 August 2024 with updates
Termination of appointment of Gergo Adam Csikany as a director on 5 August 2024
Confirmation statement made on 6 August 2023 with no updates
Satisfaction of charge 6 in full
Director's details changed for Mr Ian Michael Cunynghame on 20 March 2023
Secretary's details changed for Ian Michael Cunynghame on 20 March 2023
Director's details changed for Mr Ian Michael Cunynghame on 20 March 2023
Confirmation statement made on 6 August 2022 with no updates
Confirmation statement made on 6 August 2021 with no updates
Appointment of Agnes Jayne Smith as a director on 4 December 2020
Confirmation statement made on 6 August 2020 with no updates
Appointment of Ian Michael Cunynghame as a secretary on 4 May 2020
Termination of appointment of Michael Ian Francis Starkey Cunynghame as a director on 4 May 2020
Termination of appointment of Michael Ian Francis Starkey Cunynghame as a secretary on 4 May 2020
Director's details changed for Mr Ian Michael Cunynghame on 30 March 2020
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