A2 HEALTH LTD

💤Zombieactive
11905256 · ltd · incorporated 2019-03-26
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 Mar 2025
Net worth
£408.9k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (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 (58/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 5.0y

20/100
under pressure

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

  • · Charge age ~5.0 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £408,865
Cash YoY
+24%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£79k
↑ 24% YoY
Net Worth
£409k
↑ 31% YoY
Current Assets
£403k
~ YoY
Current Liabilities
£0£82k£164k£245k£327k£409kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.49M£1.36M
Current assets£403.3k£404.3k
Cash£79.5k£63.9k
Debtors£278.5k£258.2k
Net assets£408.9k£313.2k

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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-01-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-01-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-01-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-01-07
    🔓
    Charge satisfied #3
  7. 2025-01-07
    🔓
    Charge satisfied #2
  8. 2025-01-07
    🔓
    Charge satisfied #1
  9. 2025-01-06
    🔒
    Charge registered #5
    Lender: Barclays Security Trustee Limited
  10. 2024-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-11-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-11-05
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  13. 2023-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-03-29
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2022-03-23
    📄
    capital-allotment-shares
    capital · SH01
  17. 2022-03-23
    📄
    capital-allotment-shares
    capital · SH01
  18. 2022-03-23
    📄
    capital-allotment-shares
    capital · SH01
  19. 2021-09-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2021-07-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2021-06-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2021-06-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2021-06-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2021-06-14
    🔒
    Charge registered #3
    Lender: Wesleyan Bank Limited
  25. 2021-06-14
    🔒
    Charge registered #2
    Lender: Wesleyan Bank Limited
  26. 2021-06-14
    🔒
    Charge registered #1
    Lender: Wesleyan Bank Limited
  27. 2021-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2019-04-10
    GULLAPALLI, Lalitha Yamini resigned
    director
  29. 2019-03-26
    🏢
    Company incorporated
    As A2 HEALTH LTD
  30. 2019-03-26
    VADODARIA, Jeet Tushar appointed
    director
  31. 2019-03-26
    GULLAPALLI, Lalitha Yamini appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Ms Lakshmi Damayanthi Garapathi
Individual · British · DOB 06/1974 · age 52
2550%
25–50%25-50% shares · 25-50% voting26/03/2019

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

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 →
🔒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
Incorporated2019-03-26
Jurisdictionengland-wales
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

Swillington Pharmacy Church Lane
Swillington
Leeds
LS26 8DY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-05
Last: 2026-03-22

Officers (1 active · 1 resigned)

VADODARIA, Jeet Tushar
director · ~39y · appointed 2019-03-26
View their other companies + combined net worth →
Active
GULLAPALLI, Lalitha Yamini
director · ~40y · appointed 2019-03-26 · resigned 2019-04-10
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property06/01/2025
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge05/11/2024
satisfied
Wesleyan Bank
Wesleyan Bank Limited
A registered charge1 property14/06/202107/01/2025
satisfied
Wesleyan Bank
Wesleyan Bank Limited
A registered charge1 property14/06/202107/01/2025
satisfied
Wesleyan Bank
Wesleyan Bank Limited
A registered charge1 property14/06/202107/01/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-30
capital-name-of-class-of-shares
capital · SH08
2022-03-29