BRENNAN GRAY MEDICAL LTD

🌿Early-stageactive
SC796599 · ltd · incorporated 2024-01-25
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.
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2025
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Specialist medical practice activities
Sector: Human health & social work
ALSO REGISTERED FOR
  • 86900Other human health activities
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: medium (70/100)

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
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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
77
Few red 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 · accounting standard unknown
Metric2025-01-31
Average employees200

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

🔒Filing-note intelligence

3 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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2024-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-01-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-01-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-01-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-01-25
    🏢
    Company incorporated
    As BRENNAN GRAY MEDICAL LTD
  10. 2024-01-25
    BRENNAN, Kathryn Mary, Dr appointed
    director
  11. 2024-01-25
    GRAY, Robert Donald appointed
    director
  12. 2024-01-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2024-01-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
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.
  • +Founder name in company name: Company name contains director surname "BRENNAN" — strong identity link between founder and business.
  • +Young company: Only 2.2 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 med ·
Name changed recently
medium

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

Evidence: 2024-12-04: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Kathryn Mary Brennan
Individual · British · DOB 10/1977 · age 49
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/01/2024

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

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
Incorporated2024-01-25
Jurisdictionscotland
Primary SIC86220 — Specialist medical practice activities

Registered office

Unit 4b Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX
United Kingdom

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24

Officers (2 active · 0 resigned)

BRENNAN, Kathryn Mary, Dr
director · ~49y · appointed 2024-01-25
View their other companies + combined net worth →
Active
GRAY, Robert Donald
director · ~51y · appointed 2024-01-25
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-30
certificate-change-of-name-company
change-of-name · CERTNM
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-29
change-person-director-company-with-change-date
officers · CH01
2024-01-26
change-person-director-company-with-change-date
officers · CH01
2024-01-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-26
certificate-change-of-name-company
change-of-name · CERTNM
2024-01-25
incorporation-company
incorporation · NEWINC
2024-01-25