HEALTH INNOVATION RESEARCH ALLIANCE

🏛️Establishedactive

NI661790 · private-limited-guarant-nsc-limited-exemption · incorporated 2019-05-29

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 May 2025

Net worth

£146.1k

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: Activities of professional membership organisations

Sector: Other service activities

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

14 officers (7 active, 14 linked, 13 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

33 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £146,128

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£146k

↑ 9.5% YoY

Current Assets

£259k

↑ 441% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£161.8k	£8.5k
Current assets	£259.0k	£47.9k
Net assets	£146.1k	£133.4k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2026-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-01
➕
BRUCE, Ian, Professor appointed
director
2025-04-01
➕
HARRISON, Cathy, Professor appointed
director
2025-04-01
➕
MCLAUGHLIN, Jim Andrew, Professor appointed
director
2025-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-26
➖
GREER, Ian Andrew, Professor Sir resigned
director
2025-03-26
➖
MAGUIRE, Liam Philip, Professor resigned
director
2025-03-26
➖
YOUNG, Ian Stuart, Professor resigned
director
2025-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-08
➕
TODD, Rebecca appointed
director
2024-12-03
➖
MCGRATH, Siobhan, Dr resigned
secretary
2024-11-08
➕
KENNEDY, Richard appointed
director
2024-06-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-31
➖
MCVEIGH, Grainne Catherine resigned
director
2024-02-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-10-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-07-16
➕
MCGRATH, Siobhan, Dr appointed
secretary
2021-07-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-16
➕
MAGUIRE, Liam Philip, Professor appointed
director
2021-06-16
➖
MCLAUGHLIN, James Andrew, Professor resigned
director
2021-03-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-03-24
➖
GORMLEY-HEENAN, Cathy, Professor resigned
director
2021-03-24
➕
MCLAUGHLIN, James Andrew, Professor appointed
director
2020-12-16
➕
MCVEIGH, Grainne Catherine appointed
director
2020-09-01
➕
RHODES, Joann appointed
director
2020-09-01
➕
YADI, Hakim Adam, Dr appointed
director
2019-07-25
➕
YOUNG, Ian Stuart, Professor appointed
director
2019-05-29
🏢
Company incorporated
As HEALTH INNOVATION RESEARCH ALLIANCE
2019-05-29
➕
GORMLEY-HEENAN, Cathy, Professor appointed
director
2019-05-29
➕
GREER, Ian Andrew, Professor Sir appointed
director

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.

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

Innovation Ulster Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Innovation Ulster Limited

Corporate parent

⬇

HEALTH INNOVATION RESEARCH ALLIANCE

This company · NI661790

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Innovation Ulster Limited Corporate entity	—	25–50%	25-50% voting	29/05/2019
The Queen's University Of Belfast Individual	—	25–50%	25-50% voting	29/05/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

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AME (NI) LIMITED→ NI067369 · est 2007	—	—	—	—	18y	83	70y
ANNALONG COMMUNITY DEVELOPMENT ASSOCIATION LIMITED→ NI029070 · est 1994 · no financials extracted	—	—	—	—	31y	83	63y
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BROUGHSHANE & DISTRICT COMMUNITY ASSOCIATION LIMITED→ NI010840 · est 1975 · no financials extracted	—	—	—	—	50y	83	86y
CLEENISH RENEWAL CO LTD - THE→ NI059605 · est 2006	—	—	£12.8k	—	19y	83	73y
COA COMMUNITY GROUP→ NI604118 · est 2010	—	—	£4.5k	—	15y	83	76y
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CROMAC REGENERATION INITIATIVE C.I.C.→ NI604163 · est 2010 · no financials extracted	—	—	—	—	15y	83	67y
DENROY PLASTICS LIMITED→ NI012112 · est 1977 · no financials extracted	—	—	—	—	48y	83	77y
DROMBOUGHIL COMMUNITY ASSOCIATION→ NI047312 · est 2003	—	—	—	1	22y	83	73y
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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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2019-05-29

Jurisdictionnorthern-ireland

Primary SIC94120 — Activities of professional membership organisations

Registered office

C/O Baxterworld Unit 3 Dargan Industrial Park

60-84 Dargan Crescent

Belfast

Co. Antrim

BT3 9JP

Northern Ireland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-04

Last: 2025-05-21