MEDINA CHEMIST NETHERFIELD LTD
Opportunity 72/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -36% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 9.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £1.35M | £1.21M |
| Current assets | £2.08M | £1.94M |
| Cash | £74.2k | £116.4k |
| Debtors | £1.90M | £1.67M |
| Net assets | £1.17M | £1.02M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
Corporate timeline (24 events)Click to expand
- 2025-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-09-12📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2024-09-10📄gazette-notice-compulsorygazette · GAZ1
- 2024-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-05-29🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2020-02-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-17📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-12🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2020-02-12🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2019-10-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-10-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-10-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-14➕SHEIKH, Mohammed Aftab appointeddirector
- 2017-01-31🔒Charge registered #1Lender: National Westminster Bank PLC
- 2016-06-22🏢Company incorporatedAs MEDINA CHEMIST NETHERFIELD LTD
- 2016-06-22➕ASIM, Mohammed appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-05
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mohammed Asim Individual · British · DOB 01/1962 · age 64 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 01/08/2016 |
Mr Mohammed Aftab Sheikh Individual · British · DOB 07/1989 · age 37 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/03/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 29/05/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 12/02/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 12/02/2020 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 31/01/2017 | — |