NEVIS HEALTHCARE LTD

🌳Matureactive
SC402799 · ltd · incorporated 2011-07-01
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.
Why now
Window steady · medium confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: zombie → mature
  • · Investment thesis: zombie_hold → unclassified
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Lifecycle stage: zombiemature
  • ·Investment thesis: zombie_holdunclassified
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Oct 2025
Net worth
£801.1k
book net assets
Opportunity
72/100
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 acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 12.9y

15/100
under pressure

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

  • · Oldest live charge is 12.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (86/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
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 £801,098
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£130k
↓ 45% YoY
Net Worth
£801k
~ YoY
Current Assets
£395k
↓ 22% YoY
Current Liabilities
£0£160k£320k£481k£641k£801kOct 2023Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-312023-10-31
Total assets£801.1k£1.22M£961.3k
Current assets£395.4k£505.1k£444.7k
Cash£130.1k£237.5k£147.1k
Debtors£230.5k£227.4k£235.1k
Net assets£801.1k£794.8k£101.7k

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
2
filings
  • 1 accounts
  • 1 officers
Last 180 days
2
filings
  • 1 accounts
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-05-05
    ZAHID, Maham appointed
    director
  3. 2026-05-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-07-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-03-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-03-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2025-03-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-03-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-03-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2025-03-03
    🔓
    Charge satisfied #3
  12. 2025-02-27
    MAJHU, Sanjay resigned
    director
  13. 2025-02-27
    🔒
    Charge registered #4
    Lender: Unity Trust Bank PLC
  14. 2025-02-21
    AHMAD, Ibrahim appointed
    director
  15. 2025-02-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-10-24
    📄
    memorandum-articles
    incorporation · MA
  17. 2024-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2024-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2023-11-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2023-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2023-03-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2023-02-24
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  23. 2023-02-23
    SHERGILL, Harminder Singh resigned
    director
  24. 2023-02-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2023-02-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2023-02-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  27. 2023-02-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2023-02-20
    🔓
    Charge satisfied #2
  29. 2023-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  30. 2023-01-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  31. 2019-10-04
    🔓
    Charge satisfied #1
  32. 2019-09-09
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  33. 2019-05-10
    MAJHU, Sanjay appointed
    director
  34. 2013-07-31
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  35. 2011-07-01
    🏢
    Company incorporated
    As NEVIS HEALTHCARE LTD
  36. 2011-07-01
    SHERGILL, Harminder Singh appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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.

Group structure

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

🏛️
Morpharm Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
NEVIS HEALTHCARE LTD
This company · SC402799

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
Morpharm Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/02/2025
4 historic (ceased) PSCs
  • Mr Sanjay Majhuceased 27/02/2025· 75-100% shares · 75-100% voting
  • Mr Nitesh Singh Majhuceased 19/01/2023· 25-50% shares
  • Mr Anish Majhuceased 21/11/2022· 25-50% shares
  • Mr Harminder Singh Shergillceased 23/02/2023· 25-50% shares · significant influence · firm interest

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

6 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
Incorporated2011-07-01
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

22 Skylark Wynd
Motherwell
ML1 1AQ
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (2 active · 2 resigned)

AHMAD, Ibrahim
director · ~28y · appointed 2025-02-21
View their other companies + combined net worth →
Active
ZAHID, Maham
director · ~29y · appointed 2026-05-05
View their other companies + combined net worth →
Active
MAJHU, Sanjay
director · ~58y · appointed 2019-05-10 · resigned 2025-02-27
Resigned
SHERGILL, Harminder Singh
director · ~47y · appointed 2011-07-01 · resigned 2023-02-23
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Unity Trust Bank
Unity Trust Bank PLC
A registered charge27/02/2025
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge24/02/202303/03/2025
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge09/09/201920/02/2023
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property31/07/201304/10/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-15
appoint-person-director-company-with-name-date
officers · AP01
2026-05-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-03
termination-director-company-with-name-termination-date
officers · TM01
2025-03-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-03
appoint-person-director-company-with-name-date
officers · AP01
2025-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-22
memorandum-articles
incorporation · MA
2024-10-24
resolution
resolution · RESOLUTIONS
2024-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-19