ELK.HEALTH R & D LTD

💤Zombieactive

SC523725 · ltd · incorporated 2016-01-07

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 Dec 2024

Net worth

£178.7k

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Other research and experimental development on natural sciences and engineering

Sector: Professional, scientific & technical

ALSO REGISTERED FOR

86220Specialist medical practice activities

Investor take

Pursue

Strong opportunity: asset-holding vehicle 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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 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

19 officers (3 active, 19 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 8 total, 8 with control declared

Director network

Network not yet resolved

Filing history

89 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

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 £178,681

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£179k

↑ 149% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£915.3k	£810.5k
Current assets	—	£2.1k
Net assets	£178.7k	£71.8k

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

• 3 officers
• 1 confirmation-statement

Last 180 days

filings

• 3 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (57 events)Click to expand

2026-03-31
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2026-03-20
➕
HOLTHAM, Timothy John appointed
secretary
2026-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
➖
HOLTHAM, Timothy John resigned
director
2026-01-27
➕
ILES, Raymond Kruse, Professor appointed
director
2025-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-24
➖
SARGISSON, Caroline, Dr resigned
secretary
2024-09-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-24
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-09-24
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-09-23
➕
PAWAR, Kumar Pomappa appointed
secretary
2024-09-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-22
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-07-11
📄
gazette-notice-compulsory
gazette · GAZ1
2023-02-03
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-01-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-20
➖
BADAL, Navjot Kaur, Dr resigned
director
2023-01-20
➕
HOLTHAM, Timothy John appointed
director
2023-01-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-05
➕
BADAL, Navjot Kaur, Dr appointed
director
2023-01-05
➖
HOLTHAM, Timothy John resigned
director
2022-01-07
➖
KAUR, Jwala, Dr resigned
director
2022-01-06
➕
HOLTHAM, Timothy John appointed
director
2021-08-20
➖
HOLTHAM, Timothy John resigned
secretary
2021-08-20
➕
SARGISSON, Caroline, Dr appointed
secretary
2021-08-20
➕
KAUR, Jwala, Dr appointed
director
2021-08-20
➖
SARGISSON, Caroline Jane, Dr resigned
director
2021-03-17
➖
IDEELLA FÖRENING NISAD MED FÖRETAGSNAMN NISAD resigned
corporate-director
2021-03-16
➖
HOLMES, Peter Anthony resigned
secretary
2021-03-16
➕
HOLTHAM, Timothy John appointed
secretary
2020-04-24
➕
SARGISSON, Caroline Jane, Dr appointed
director
2020-03-15
➖
IN2MINDS.ORG BEHAVIOURAL ENDOCRINOLOGY RESEARCH, FUNDING AND COMPLIANCE PVT LTD resigned
corporate-director
2020-03-14
➕
IDEELLA FÖRENING NISAD MED FÖRETAGSNAMN NISAD appointed
corporate-director
2019-11-01
➖
HOLMES, Peter Anthony resigned
director
2019-10-25
➕
HOLMES, Peter Anthony appointed
director
2019-09-29
➖
SARGISSON, Caroline Jane resigned
director
2019-09-29
➖
NISAD LIMITED resigned
corporate-director
2019-09-28
➕
IN2MINDS.ORG BEHAVIOURAL ENDOCRINOLOGY RESEARCH, FUNDING AND COMPLIANCE PVT LTD appointed
corporate-director
2017-10-31
➕
NISAD LIMITED appointed
corporate-director
2017-10-07
➖
ASPREY, Karen Jane resigned
secretary
2017-10-07
➕
HOLMES, Peter Anthony appointed
secretary

Showing most recent 50 of 57 events

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

In2minds Health & Social Enterprise Support Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

In2minds Health & Social Enterprise Support Ltd

Corporate parent · holds 50-75% shares

majority

⬇

ELK.HEALTH R & D LTD

This company · SC523725

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
In2minds Health & Social Enterprise Support Ltd Corporate entity	50–75%	—	50-75% shares	21/01/2022

7 historic (ceased) PSCs

In2minds.Org Behavioural Endocrinology Research, Funding And Compliance Pvt Ltdceased 21/01/2022· 50-75% shares
Professor Raymond Kruse Ilesceased 27/07/2021· 50-75% shares
Mr Timothy John Holthamceased 28/03/2021· 50-75% shares
Ideella Forening Nisad Med Foretagsnamn Nisadceased 17/03/2021· 50-75% shares
National Institute For Stress, Anxiety And Depression Publications Ltdceased 15/03/2020· 75-100% shares
Nisad Ltdceased 31/12/2019· 75-100% shares
Miss Caroline Jane Sargissonceased 25/12/2019· 50-75% shares · board control

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

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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

Incorporated2016-01-07

Jurisdictionscotland

Primary SIC72190 — Other research and experimental development on natural sciences and engineering

Registered office

Durgadevi.Financial

83 Princes Street

Edinburgh

EH2 2ER

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-02-14

Last: 2026-01-31

Officers (3 active · 16 resigned)

HOLTHAM, Timothy John→

secretary · appointed 2026-03-20

View their other companies + combined net worth →

Active

PAWAR, Kumar Pomappa→

secretary · appointed 2024-09-23

View their other companies + combined net worth →

Active

ILES, Raymond Kruse, Professor→

director · ~63y · appointed 2026-01-27

View their other companies + combined net worth →

Active

ASPREY, Karen Jane→

secretary · appointed 2017-10-02 · resigned 2017-10-07

Resigned

HOLMES, Peter Anthony→

secretary · appointed 2017-10-07 · resigned 2021-03-16

Resigned

HOLTHAM, Timothy John→

secretary · appointed 2021-03-16 · resigned 2021-08-20

Resigned

SARGISSON, Caroline, Dr→

secretary · appointed 2021-08-20 · resigned 2024-09-24

Resigned

ASPREY, Karen→

director · ~57y · appointed 2016-01-07 · resigned 2016-07-02

Resigned

BADAL, Navjot Kaur, Dr→

director · ~43y · appointed 2023-01-05 · resigned 2023-01-20

Resigned

HOLMES, Peter Anthony→

director · ~74y · appointed 2019-10-25 · resigned 2019-11-01

Resigned

HOLTHAM, Timothy John→

director · ~74y · appointed 2023-01-20 · resigned 2026-01-28

Resigned

HOLTHAM, Timothy John→

director · ~74y · appointed 2022-01-06 · resigned 2023-01-05

Resigned

KAUR, Jwala, Dr→

director · ~44y · appointed 2021-08-20 · resigned 2022-01-07

Resigned

SARGISSON, Caroline Jane, Dr→

director · ~64y · appointed 2020-04-24 · resigned 2021-08-20

Resigned

SARGISSON, Caroline Jane→

director · ~64y · appointed 2016-06-30 · resigned 2019-09-29

Resigned

IDEELLA FÖRENING NISAD MED FÖRETAGSNAMN NISAD→

corporate-director · appointed 2020-03-14 · resigned 2021-03-17

Resigned

IN2MINDS.ORG BEHAVIOURAL ENDOCRINOLOGY RESEARCH, FUNDING AND COMPLIANCE PVT LTD→

corporate-director · appointed 2019-09-28 · resigned 2020-03-15

Resigned

NISAD LIMITED→

corporate-director · appointed 2017-10-31 · resigned 2019-09-29

Resigned

THE NATIONAL INSTITUTE FOR STRESS, ANXIETY AND DEPRESSION→

corporate-director · appointed 2016-01-07 · resigned 2016-07-02

Resigned

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

Recent filings (89 total)

appoint-person-secretary-company-with-name-date

officers · AP03

2026-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-04

appoint-person-director-company-with-name-date

officers · AP01

2026-02-04

termination-director-company-with-name-termination-date

officers · TM01

2026-02-04

accounts-with-accounts-type-micro-entity

accounts · AA

2025-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-14

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-11-28

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-11-28

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-11-02

accounts-with-accounts-type-micro-entity

accounts · AA

2024-09-24

termination-secretary-company-with-name-termination-date

officers · TM02

2024-09-24

appoint-person-secretary-company-with-name-date

officers · AP03

2024-09-24

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-09-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-29

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-26