NEVIS HEALTHCARE LTD
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 12.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £1.22M | £961.3k |
| Current assets | £505.1k | £444.7k |
| Cash | £237.5k | £147.1k |
| Debtors | £227.4k | £235.1k |
| Net assets | £794.8k | £101.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (35 events)Click to expand
- 2025-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-03🔓Charge satisfied #3
- 2025-02-27➖MAJHU, Sanjay resigneddirector
- 2025-02-27🔒Charge registered #4Lender: Unity Trust Bank PLC
- 2025-02-21➕AHMAD, Ibrahim appointeddirector
- 2025-02-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-24📄memorandum-articlesincorporation · MA
- 2024-10-24📄resolutionresolution · RESOLUTIONS
- 2024-06-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-24🔒Charge registered #3Lender: Bank of Scotland PLC
- 2023-02-23➖SHERGILL, Harminder Singh resigneddirector
- 2023-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-20🔓Charge satisfied #2
- 2023-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-04🔓Charge satisfied #1
- 2019-09-09🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2019-05-10➕MAJHU, Sanjay appointeddirector
- 2013-07-31🔒Charge registered #1Lender: Bank of Scotland PLC
- 2011-07-01🏢Company incorporatedAs NEVIS HEALTHCARE LTD
- 2011-07-01➕SHERGILL, Harminder Singh appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·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.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Morpharm Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/02/2025 |
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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Unity Trust Bank Unity Trust Bank PLC | A registered charge | — | 27/02/2025 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 24/02/2023 | 03/03/2025 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 09/09/2019 | 20/02/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 31/07/2013 | 04/10/2019 |