BIONET RESEARCH LIMITED

💤Zombieactive
02238207 · ltd · incorporated 1988-03-31
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2023
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 21200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 72190Other research and experimental development on natural sciences and engineering
  • 99999SIC 99999
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. 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: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (71/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
20 officers (1 active, 20 linked, 10 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
150 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-12-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
  1. 2025-10-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-02-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-02-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-02-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-02-05
    ➖
    MORRELL, Neil Richard resigned
    secretary
  6. 2025-02-05
    ➖
    ALEXANDER, William Paul resigned
    director
  7. 2025-02-05
    ➖
    SLOAN, Sean William resigned
    director
  8. 2024-05-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-08-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-12-16
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  11. 2022-12-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2022-12-15
    ➖
    JORDAN, Rosemary Janet resigned
    secretary
  13. 2022-12-15
    ➕
    MORRELL, Neil Richard appointed
    secretary
  14. 2022-02-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2021-12-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-03-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2020-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2019-12-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2019-12-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-12-17
    ➖
    GINGELL, Andrew Clive resigned
    director
  24. 2019-12-17
    ➕
    SLOAN, Sean William appointed
    director
  25. 2019-03-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  26. 2015-12-10
    ➕
    JORDAN, Rosemary Janet appointed
    secretary
  27. 2014-11-07
    ➖
    COBURN, Susan resigned
    secretary
  28. 2013-10-24
    ➕
    COBURN, Susan appointed
    secretary
  29. 2013-10-24
    ➖
    WILLIAMS, Samantha resigned
    secretary
  30. 2012-08-01
    ➕
    CAREY, Joseph, Dr appointed
    director
  31. 2012-06-17
    ➖
    HARRIS, Jonathan resigned
    director
  32. 2012-03-12
    ➕
    WILLIAMS, Samantha appointed
    secretary
  33. 2012-03-12
    ➖
    HALGABRON MANAGEMENT SERVICES LTD resigned
    corporate-secretary
  34. 2010-09-14
    ➖
    SHARP, Jeremy Robert resigned
    secretary
  35. 2010-09-14
    ➕
    HALGABRON MANAGEMENT SERVICES LTD appointed
    corporate-secretary
  36. 2009-10-02
    ➕
    HARRIS, Jonathan appointed
    director
  37. 2008-10-14
    ➖
    BILLINGTON, Phillip, Dr resigned
    director
  38. 2007-12-12
    ➖
    DEANE, Christopher Colin resigned
    director
  39. 2006-08-01
    ➖
    O'CONNELL, Robert Bartholomew resigned
    director
  40. 2003-04-17
    ➕
    ALEXANDER, William Paul appointed
    director
  41. 2003-04-17
    ➕
    GINGELL, Andrew Clive appointed
    director
  42. 2003-04-17
    ➖
    SAXON FINANCE CORPORATION LIMITED resigned
    corporate-director
  43. 1999-05-20
    ➕
    O'CONNELL, Robert Bartholomew appointed
    director
  44. 1999-05-20
    ➖
    RICHARDS, Raymond David resigned
    director
  45. 1998-06-30
    ➕
    SAXON FINANCE CORPORATION LIMITED appointed
    corporate-director
  46. 1997-10-31
    ➖
    BARLOW, Lucy Charlotte resigned
    secretary
  47. 1997-10-31
    ➕
    SHARP, Jeremy Robert appointed
    secretary
  48. 1995-11-30
    ➖
    MASTERMAN, Richard Thomas resigned
    director
  49. 1994-06-27
    ➕
    BARLOW, Lucy Charlotte appointed
    secretary
  50. 1994-06-27
    ➖
    DEANE, Lynn Allison resigned
    secretary
Showing most recent 50 of 52 events

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Key Organics Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Key Organics Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BIONET RESEARCH LIMITED
This company · 02238207

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
Key Organics Limited
Corporate entity
75–100%
—75-100% shares15/12/2016

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

7 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
Incorporated1988-03-31
Jurisdictionengland-wales
Primary SIC21200 — SIC 21200

Registered office

Key Organics Highfield Road Industrial Estate
Highfield Road
Camelford
Cornwall
PL32 9RA
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23

Officers (1 active · 19 resigned)

CAREY, Joseph, Dr→
director · ~62y · appointed 2012-08-01
View their other companies + combined net worth →
Active
BARLOW, Lucy Charlotte→
secretary · appointed 1994-06-27 · resigned 1997-10-31
Resigned
COBURN, Susan→
secretary · appointed 2013-10-24 · resigned 2014-11-07
Resigned
DEANE, Lynn Allison→
secretary · resigned 1994-06-27
Resigned
JORDAN, Rosemary Janet→
secretary · appointed 2015-12-10 · resigned 2022-12-15
Resigned
MORRELL, Neil Richard→
secretary · appointed 2022-12-15 · resigned 2025-02-05
Resigned
RICHARDS, Jessica Louise→
secretary · resigned 1992-12-11
Resigned
SHARP, Jeremy Robert→
secretary · appointed 1997-10-31 · resigned 2010-09-14
Resigned
WILLIAMS, Samantha→
secretary · appointed 2012-03-12 · resigned 2013-10-24
Resigned
HALGABRON MANAGEMENT SERVICES LTD→
corporate-secretary · appointed 2010-09-14 · resigned 2012-03-12
Resigned
ALEXANDER, William Paul→
director · ~72y · appointed 2003-04-17 · resigned 2025-02-05
Resigned
BILLINGTON, Phillip, Dr→
director · ~66y · resigned 2008-10-14
Resigned
DEANE, Christopher Colin→
director · ~81y · resigned 2007-12-12
Resigned
GINGELL, Andrew Clive→
director · ~72y · appointed 2003-04-17 · resigned 2019-12-17
Resigned
HARRIS, Jonathan→
director · ~68y · appointed 2009-10-02 · resigned 2012-06-17
Resigned
MASTERMAN, Richard Thomas→
director · ~93y · resigned 1995-11-30
Resigned
O'CONNELL, Robert Bartholomew→
director · ~78y · appointed 1999-05-20 · resigned 2006-08-01
Resigned
RICHARDS, Raymond David→
director · ~77y · resigned 1999-05-20
Resigned
SLOAN, Sean William→
director · ~51y · appointed 2019-12-17 · resigned 2025-02-05
Resigned
SAXON FINANCE CORPORATION LIMITED→
corporate-director · appointed 1998-06-30 · resigned 2003-04-17
Resigned

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

Recent filings (150 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-dormant
accounts · AA
2025-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
termination-director-company-with-name-termination-date
officers · TM01
2025-02-07
termination-director-company-with-name-termination-date
officers · TM01
2025-02-07
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-07
accounts-with-accounts-type-dormant
accounts · AA
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-dormant
accounts · AA
2023-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
appoint-person-secretary-company-with-name-date
officers · AP03
2022-12-16
termination-secretary-company-with-name-termination-date
officers · TM02
2022-12-16
accounts-with-accounts-type-dormant
accounts · AA
2022-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-20