MSB HEALTH LIMITED

💤Zombieactive
SC513068 · ltd · incorporated 2015-08-13
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 Aug 2024
Net worth
£31.0k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · oldest 7.8y

45/100
under pressure

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

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 · FRS 102
Positive net assets
Net assets £31,015
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 62% YoY
Net Worth
£31k
↑ 359% YoY
Current Assets
£4k
↓ 53% YoY
Current Liabilities
-£12k-£3k£5k£14k£22k£31kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Total assets£501.2k£497.0k
Current assets£3.7k£7.9k
Cash£2.9k£7.6k
Net assets£31.0k£-12.0k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2021-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2021-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-10-19
    🔓
    Charge satisfied #3
  10. 2021-10-19
    🔓
    Charge satisfied #4
  11. 2021-10-19
    🔓
    Charge satisfied #1
  12. 2021-10-19
    🔓
    Charge satisfied #2
  13. 2021-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-02-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-02-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2020-02-19
    🔒
    Charge registered #3
    Lender: Holm Pharm Limited
  19. 2020-02-18
    🔒
    Charge registered #4
    Lender: Holm Pharm Limited
  20. 2019-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2018-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2018-07-17
    🔒
    Charge registered #1
    Lender: Holm Pharm Limited
  24. 2018-07-06
    🔒
    Charge registered #2
    Lender: Holm Pharm Limited
  25. 2018-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2015-08-13
    🏢
    Company incorporated
    As MSB HEALTH LIMITED
  27. 2015-08-13
    BARRY, Michael Sean, Dr appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Michael Sean Barry
Individual · British · DOB 06/1989 · age 37
75100%
75-100% shares06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-08-13
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

5 Sir Georges Street
Thurso
KW14 7AW
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12

Officers (1 active · 0 resigned)

BARRY, Michael Sean, Dr
director · ~37y · appointed 2015-08-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Holm Pharm
Holm Pharm Limited
A registered charge1 property19/02/202019/10/2021
satisfied
Holm Pharm
Holm Pharm Limited
A registered charge1 property18/02/202019/10/2021
satisfied
Holm Pharm
Holm Pharm Limited
A registered charge1 property17/07/201819/10/2021
satisfied
Holm Pharm
Holm Pharm Limited
A registered charge06/07/201819/10/2021

Recent filings (29 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-19
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-19
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-19
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31