HYPHA RESEARCH LIMITED

💤Zombieactive
SC267041 · ltd · incorporated 2004-04-27
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 Apr 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Television programme production activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 72110Research and experimental development on biotechnology
  • 72190Other research and experimental development on natural sciences and engineering
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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: strategic trade sale (65/100).

Data confidence

Overall: medium (79/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
69 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
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2024-04-302023-04-30
Average employees00

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-04-10
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-02-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-02-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-02-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2016-02-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-05-14
    📄
    capital-allotment-shares
    capital · SH01
  14. 2015-02-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-04-26
    ➖
    WINTON, Keith David Roy, Dr resigned
    secretary
  17. 2007-10-15
    ➕
    HICKEY, Patrick Colin, Dr. appointed
    director
  18. 2007-10-15
    ➖
    WINTON, Eleanor Pearl resigned
    director
  19. 2007-10-15
    ➖
    WINTON, Keith David Roy, Dr resigned
    director
  20. 2006-01-30
    ➖
    KEARNEY, Douglas Richard resigned
    director
  21. 2006-01-30
    ➖
    MADDEN, Francis John Philip resigned
    director
  22. 2005-01-30
    ➕
    WINTON, Eleanor Pearl appointed
    director
  23. 2004-08-09
    ➕
    WINTON, Keith David Roy, Dr appointed
    secretary
  24. 2004-08-09
    ➖
    DALGLEN SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  25. 2004-08-09
    ➕
    KEARNEY, Douglas Richard appointed
    director
  26. 2004-08-09
    ➕
    MADDEN, Francis John Philip appointed
    director
  27. 2004-08-09
    ➕
    WINTON, Keith David Roy, Dr appointed
    director
  28. 2004-08-09
    ➖
    DALGLEN DIRECTORS LIMITED resigned
    corporate-nominee-director
  29. 2004-04-27
    🏢
    Company incorporated
    As HYPHA RESEARCH LIMITED
  30. 2004-04-27
    ➕
    DALGLEN SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  31. 2004-04-27
    ➕
    DALGLEN DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-04-10: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dr. Patrick Colin Hickey
Individual · British · DOB 03/1975 · age 51
50–75%
—50-75% shares01/01/2017

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 →

Similar companies

Active · Technology · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
2QQ LIMITED→
SC649962 · est 2019 · no financials extracted
————6y——
3-56 MEDIA LIMITED→
SC413110 · est 2011 · no financials extracted
————14y——
99 VENTURES LTD→
SC400733 · est 2011 · no financials extracted
————14y——
ABEL & CO SERVICES LTD→
SC333097 · est 2007 · no financials extracted
————18y——
ACEIT CONSULTANCY LIMITED→
SC572172 · est 2017 · no financials extracted
————8y——
ACTING UP LIMITED→
SC211404 · est 2000 · no financials extracted
————25y——
AD-CHOREL MUSIC LIMITED→
SC058905 · est 1975 · no financials extracted
————50y——
ADA K CONSULTING LTD→
SC592456 · est 2018 · no financials extracted
————8y——
ADARTA LIMITED→
SC874004 · est 2026 · no financials extracted
———————
ADMINISTRATE LIMITED→
SC333823 · est 2007 · no financials extracted
————18y——
ADR OPERATIONS LTD→
SC639863 · est 2019 · no financials extracted
————6y——
ADVANCED DEFENCE SOLUTIONS LTD→
SC775927 · est 2023 · no financials extracted
————2y——
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
Incorporated2004-04-27
Jurisdictionscotland
Primary SIC59113 — Television programme production activities

Registered office

5 Upper Gray Street
Edinburgh
EH9 1SN

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (1 active · 7 resigned)

HICKEY, Patrick Colin, Dr.→
director · ~51y · appointed 2007-10-15
View their other companies + combined net worth →
Active
WINTON, Keith David Roy, Dr→
secretary · appointed 2004-08-09 · resigned 2010-04-26
Resigned
DALGLEN SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-04-27 · resigned 2004-08-09
Resigned
KEARNEY, Douglas Richard→
director · ~71y · appointed 2004-08-09 · resigned 2006-01-30
Resigned
MADDEN, Francis John Philip→
director · ~88y · appointed 2004-08-09 · resigned 2006-01-30
Resigned
WINTON, Eleanor Pearl→
director · ~75y · appointed 2005-01-30 · resigned 2007-10-15
Resigned
WINTON, Keith David Roy, Dr→
director · ~78y · appointed 2004-08-09 · resigned 2007-10-15
Resigned
DALGLEN DIRECTORS LIMITED→
corporate-nominee-director · appointed 2004-04-27 · resigned 2004-08-09
Resigned

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

Recent filings (69 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-01
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-15