BOWDEN PHYSIOTHERAPY LIMITED

💤Zombieactive
07518226 · ltd · incorporated 2011-02-04
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 Feb 2026
Net worth
£182.2k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Specialist medical practice activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. 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: strategic trade sale (65/100).

🏦

Refinance opportunity

2 live charges · oldest 12.3y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £182,153
Cash YoY
+89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£86k
↑ 89% YoY
Net Worth
£182k
~ YoY
Current Assets
£150k
↑ 32% YoY
Current Liabilities
£0£36k£73k£109k£146k£182kFeb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-02-282025-02-28
Total assets£187.9k£349.6k
Current assets£150.1k£113.9k
Cash£86.5k£45.7k
Debtors£63.6k£68.2k
Net assets£182.2k£181.2k

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-02-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-02-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-01-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-01-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2019-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-02-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2019-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-02-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-02-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-04-18
    FLOWERS, Geoffrey David resigned
    director
  18. 2015-05-11
    BOWDEN, James Peter resigned
    director
  19. 2014-05-15
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  20. 2014-03-28
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  21. 2012-10-18
    BOWDEN, Nicola appointed
    director
  22. 2012-10-18
    BOWDEN, James Peter appointed
    director
  23. 2011-02-04
    🏢
    Company incorporated
    As BOWDEN PHYSIOTHERAPY LIMITED
  24. 2011-02-04
    FLOWERS, Geoffrey David appointed
    director
  25. 2011-02-04
    SABAN, Joanna appointed
    director
  26. 2011-02-04
    SABAN, Joanna resigned
    director

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "BOWDEN" — strong identity link between founder and business.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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 15 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Nicola Bowden
Individual · British · DOB 06/1974 · age 52
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Geoffrey David Flowersceased 18/04/2018· 25-50% shares · 25-50% voting

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
Incorporated2011-02-04
Jurisdictionengland-wales
Primary SIC86220 — Specialist medical practice activities

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18

Officers (1 active · 3 resigned)

BOWDEN, Nicola
director · ~52y · appointed 2012-10-18
View their other companies + combined net worth →
Active
BOWDEN, James Peter
director · ~39y · appointed 2012-10-18 · resigned 2015-05-11
Resigned
FLOWERS, Geoffrey David
director · ~57y · appointed 2011-02-04 · resigned 2018-04-18
Resigned
SABAN, Joanna
director · ~53y · appointed 2011-02-04 · resigned 2011-02-04
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property15/05/2014
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property28/03/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-21
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-17
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-17
change-person-director-company-with-change-date
officers · CH01
2021-02-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-05