EXO MEDICAL LIMITED

🌿Early-stageactive
SC804102 · ltd · incorporated 2024-03-22
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · high confidence
Mixed signals — 3 changes over 30 days, no clear direction yet.
  • · Opportunity score: 71 → 65
  • · Distress / opportunity: avoid → speculative
  • · Filings: 5 → 9
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

  • Opportunity score: 7165
  • Filings: 59
  • ·Distress / opportunity: avoidspeculative
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 Mar 2025
Net worth
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Specialist medical practice activities
Sector: Human health & social work
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (69/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Average employees2

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
4
filings
  • 2 capital
  • 1 insolvency
  • 1 resolution
Last 90 days
5
filings
  • 2 capital
  • 1 insolvency
  • 1 resolution
Last 180 days
5
filings
  • 2 capital
  • 1 insolvency
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-06-23
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  2. 2026-06-23
    📄
    legacy
    capital · SH20
  3. 2026-06-23
    ⚠️
    legacy
    insolvency · CAP-SS
  4. 2026-06-23
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-22
    🏢
    Company incorporated
    As EXO MEDICAL LIMITED
  7. 2024-03-22
    MITCHELL, Paul William, Dr appointed
    director
  8. 2024-03-22
    THOMAS, Kate, Dr appointed
    director
  9. 2024-03-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.3 years old — management layer unlikely to be developed.

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 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-06-23: legacy

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dr Kate Thomas
Individual · British · DOB 03/1982 · age 44
2550%
25–50%board control25-50% shares · 25-50% voting · board control22/03/2024
Dr Paul William Mitchell
Individual · British · DOB 12/1971 · age 55
2550%
25–50%board control25-50% shares · 25-50% voting · board control22/03/2024

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

8 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.

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Company details

Statusactive
Typeltd
Incorporated2024-03-22
Jurisdictionscotland
Primary SIC86220 — Specialist medical practice activities

Registered office

25 Braid Avenue
Edinburgh
EH10 4SR
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-23
Last: 2026-04-09

Officers (2 active · 0 resigned)

MITCHELL, Paul William, Dr
director · ~55y · appointed 2024-03-22
View their other companies + combined net worth →
Active
THOMAS, Kate, Dr
director · ~44y · appointed 2024-03-22
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-06-23
legacy
capital · SH20
2026-06-23
legacy
insolvency · CAP-SS
2026-06-23
resolution
resolution · RESOLUTIONS
2026-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-09
incorporation-company
incorporation · NEWINC
2024-03-22