REGENCY MEDICINE LTD.

💤Zombieactive
SC189762 · ltd · incorporated 1998-09-28
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 Oct 2024
Net worth
£2.06M
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 26.5y

30/100
under pressure

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

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
17 officers (1 active, 17 linked, 15 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
114 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
70
Active, clean filings, stable charge profile.
Acquirability
60
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 £2,055,165
Cash YoY
-21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£46k
↓ 21% YoY
Net Worth
£2.1m
↑ 5.4% YoY
Current Assets
£1.8m
↑ 13% YoY
Current Liabilities
—
£0£411k£822k£1.2m£1.6m£2.1mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£2.15M£2.09M
Current assets£1.82M£1.61M
Cash£46.3k£58.4k
Debtors£1.77M£1.55M
Net assets£2.06M£1.95M

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2025-10-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-10-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-09-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-06-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2024-08-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-07-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-08-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-11-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2018-07-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-06-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-05-17
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Bank PLC
  17. 2012-08-05
    ➖
    BAKEIRATHAN, Sujatha resigned
    secretary
  18. 2011-04-07
    ➕
    BAKEIRATHAN, Mahendran appointed
    director
  19. 2011-04-07
    ➕
    BAKEIRATHAN, Sujatha appointed
    secretary
  20. 2011-04-07
    ➖
    GALLOWAY, Madeleine Marie Alice resigned
    secretary
  21. 2011-04-07
    ➖
    EVAN-WONG, Anne, Dr resigned
    director
  22. 2011-04-07
    ➖
    EVAN-WONG, Daniel resigned
    director
  23. 2011-04-07
    ➖
    EVAN-WONG, Leslie Alexander, Dr resigned
    director
  24. 2011-04-07
    ➖
    EVAN-WONG, Mark resigned
    director
  25. 2011-04-07
    ➖
    EVAN-WONG, Nicholas resigned
    director
  26. 2011-04-07
    ➖
    WHELAN, Carolyn resigned
    director
  27. 2011-04-07
    ➖
    WHELAN, Robert resigned
    director
  28. 2011-04-07
    ➖
    WHELAN, Stuart resigned
    director
  29. 2011-04-07
    ➖
    WHELAN, William resigned
    director
  30. 2011-04-07
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Bank PLC
  31. 2011-04-07
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Bank PLC
  32. 2011-03-17
    🔓
    Charge satisfied #2
  33. 2009-04-20
    ➕
    EVAN-WONG, Anne, Dr appointed
    director
  34. 2009-04-20
    ➕
    EVAN-WONG, Daniel appointed
    director
  35. 2009-04-20
    ➕
    EVAN-WONG, Mark appointed
    director
  36. 2009-04-20
    ➕
    EVAN-WONG, Nicholas appointed
    director
  37. 2009-04-20
    ➕
    WHELAN, Robert appointed
    director
  38. 2009-04-20
    ➕
    WHELAN, Stuart appointed
    director
  39. 2009-04-20
    ➕
    WHELAN, William appointed
    director
  40. 2008-08-01
    ➕
    WHELAN, Carolyn appointed
    director
  41. 2008-03-08
    ➖
    WHELAN, Carolyn resigned
    director
  42. 2008-02-24
    ➖
    WHELAN, Robert resigned
    director
  43. 2008-02-24
    ➖
    WHELAN, Stuart resigned
    director
  44. 2008-02-24
    ➖
    WHELAN, William resigned
    director
  45. 2005-05-14
    ➖
    EVAN-WONG, Patricia Anne, Dr resigned
    director
  46. 2003-12-23
    ➕
    EVAN-WONG, Patricia Anne, Dr appointed
    director
  47. 2003-11-01
    ➕
    WHELAN, Robert appointed
    director
  48. 2003-11-01
    ➕
    WHELAN, Stuart appointed
    director
  49. 2003-11-01
    ➕
    WHELAN, William appointed
    director
  50. 1999-10-18
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 54 events

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

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 15 years.
  • secondaryStable-but-static management: Company is 28 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.)

Group structure

Gem Care 1 Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Gem Care 1 Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
REGENCY MEDICINE LTD.
This company · SC189762

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Gem Care 1 Ltd
Corporate entity
75–100%
—75-100% shares28/06/2025
Mr Mahendran Bakeirathan
Individual · British · DOB 12/1974 · age 52
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016

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

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
Incorporated1998-09-28
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-12
Last: 2025-06-28

Officers (1 active · 16 resigned)

BAKEIRATHAN, Mahendran→
director · ~52y · appointed 2011-04-07
View their other companies + combined net worth →
Active
BAKEIRATHAN, Sujatha→
secretary · appointed 2011-04-07 · resigned 2012-08-05
Resigned
GALLOWAY, Madeleine Marie Alice→
secretary · appointed 1998-09-28 · resigned 2011-04-07
Resigned
EVAN-WONG, Anne, Dr→
director · ~78y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
EVAN-WONG, Daniel→
director · ~47y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
EVAN-WONG, Leslie Alexander, Dr→
director · ~76y · appointed 1998-09-28 · resigned 2011-04-07
Resigned
EVAN-WONG, Mark→
director · ~49y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
EVAN-WONG, Nicholas→
director · ~51y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
EVAN-WONG, Patricia Anne, Dr→
director · ~78y · appointed 2003-12-23 · resigned 2005-05-14
Resigned
WHELAN, Carolyn→
director · ~80y · appointed 2008-08-01 · resigned 2011-04-07
Resigned
WHELAN, Carolyn→
director · ~80y · appointed 1999-09-12 · resigned 2008-03-08
Resigned
WHELAN, Robert→
director · ~55y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
WHELAN, Robert→
director · ~55y · appointed 2003-11-01 · resigned 2008-02-24
Resigned
WHELAN, Stuart→
director · ~53y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
WHELAN, Stuart→
director · ~53y · appointed 2003-11-01 · resigned 2008-02-24
Resigned
WHELAN, William→
director · ~81y · appointed 2009-04-20 · resigned 2011-04-07
Resigned
WHELAN, William→
director · ~81y · appointed 2003-11-01 · resigned 2008-02-24
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
A registered charge1 property17/05/2013—
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed1 property07/04/2011—
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Bond & floating charge1 property07/04/2011—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property18/10/199917/03/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-03
gazette-notice-compulsory
gazette · GAZ1
2025-09-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-05