28 NORTH DISCOVERY LIMITED

🏛️Establishedactive
10458979 · ltd · incorporated 2016-11-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2023
Net worth
£-926.3k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Research and experimental development on biotechnology
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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

Company profile
address, 1 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
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £926,286

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£926k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-12-31
Total assets£0
Net assets£-926.3k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 3 officers
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-08-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-09-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-12-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2023-10-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-10-02
    GROEN, Cornelis, Dr resigned
    director
  10. 2023-01-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-10-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2021-01-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2019-10-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2018-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-10-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-08-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-07-19
    GROEN, Cornelis, Dr appointed
    director
  19. 2016-11-02
    🏢
    Company incorporated
    As 28 NORTH DISCOVERY LIMITED
  20. 2016-11-02
    CHONG, Hok Hei Charles appointed
    director
  21. 2016-11-02
    COLEMAN, Maureen Sheila Helen appointed
    director
  22. 2016-11-02
    SCALES, Michael David Courtney appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.

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

Cn Bio Innovations Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Cn Bio Innovations Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
28 NORTH DISCOVERY LIMITED
This company · 10458979

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
Cn Bio Innovations Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/11/2016

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
Incorporated2016-11-02
Jurisdictionengland-wales
Primary SIC72110 — Research and experimental development on biotechnology

Registered office

332 Cambridge Science Park
Cambridge
Cam
CB4 0WN
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29

Officers (3 active · 1 resigned)

CHONG, Hok Hei Charles
director · ~68y · appointed 2016-11-02
View their other companies + combined net worth →
Active
COLEMAN, Maureen Sheila Helen
director · ~73y · appointed 2016-11-02
View their other companies + combined net worth →
Active
SCALES, Michael David Courtney
director · ~74y · appointed 2016-11-02
View their other companies + combined net worth →
Active
GROEN, Cornelis, Dr
director · ~65y · appointed 2017-07-19 · resigned 2023-10-02
Resigned

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

Recent filings (28 total)

change-person-director-company-with-change-date
officers · CH01
2025-11-20
change-person-director-company-with-change-date
officers · CH01
2025-11-20
change-person-director-company-with-change-date
officers · CH01
2025-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-09
termination-director-company-with-name-termination-date
officers · TM01
2023-10-09
accounts-with-accounts-type-full
accounts · AA
2023-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-full
accounts · AA
2021-10-04