N.H. EYECARE LTD

💤Zombieactive
SC560356 · ltd · incorporated 2017-03-14
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 Mar 2025
Net worth
£153.2k
book net assets
Opportunity
73/100
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: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.7y

45/100
under pressure

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

  • · Oldest live charge is 7.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
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 £153,153
Net assets shrinking
Down £1,392 YoY
Cash YoY
-9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£117k
↓ 8.9% YoY
Net Worth
£153k
~ YoY
Current Assets
£249k
~ YoY
Current Liabilities
—
£0£50k£101k£151k£201k£251kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£188.0k£195.5k
Current assets£249.3k£251.4k
Cash£116.5k£127.8k
Debtors£127.6k£118.4k
Net assets£153.2k£154.5k

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-03-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-11-05
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2021-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-07-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2020-07-27
    🔓
    Charge satisfied #1
  13. 2019-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-11-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2018-12-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-10-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-09-27
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2017-07-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2017-03-14
    🏢
    Company incorporated
    As N.H. EYECARE LTD
  20. 2017-03-14
    ➕
    IQBAL, Naveed 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 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
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.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Naveed Iqbal
Individual · Scottish · DOB 06/1990 · age 36
75–100%
75–100%board control75-100% shares · 75-100% voting · board control14/03/2017
1 historic (ceased) PSC
  • Mrs Aneela Irshadceased 31/03/2023· 25-50% shares

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
OPTICAL EXPRESS LIMITED→
SC161469 · est 1995
£80.82M
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——5490030y8558y
GP MATTERS LIMITED→
SC424457 · est 2012
£3.46M
£2.49M–£4.43M
——50014y8561y
GATE HEALTHCARE LIMITED→
SC106549 · est 1987
£2.91M
£2.09M–£3.72M
——17838y8260y
LORIMER CARE HOMES LIMITED→
SC412450 · est 2011
£2.26M
£1.63M–£2.89M
——014y8260y
GLENFAIRN LIMITED→
SC087540 · est 1984
£1.83M
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——8442y8260y
ASPIRE HOUSING & PERSONAL DEVELOPMENT SERVICES LIMITED→
SC231773 · est 2002
——£354.7k—24y8377y
BCERTA LTD.→
SC355831 · est 2009
————17y8367y
COMMONWEALTH DENTAL PRACTICE LTD.→
SC381148 · est 2010 · no financials extracted
————15y8358y
DAVID LIVINGSTONE INTERNATIONAL LIMITED→
SC118899 · est 1989
——£150.4k—36y8390y
DOON CARE LTD.→
SC262088 · est 2004
——£1.46M—22y8387y
DUNDONALD HOUSE NURSING HOME LIMITED→
SC296431 · est 2006
————20y8364y
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——£59.0k—23y8359y
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
Incorporated2017-03-14
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

231 Springburn Way
Glasgow
G21 1DX
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (1 active · 0 resigned)

IQBAL, Naveed→
director · ~36y · appointed 2017-03-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—27/09/201827/07/2020

Recent filings (27 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-21
change-account-reference-date-company-previous-extended
accounts · AA01
2021-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-29