HEAT ORKNEY LIMITED
🌳Matureactive
SC378770 · ltd · incorporated 2010-05-19
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.01M
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 33140
Sector: Manufacturing
ALSO REGISTERED FOR
- 43220Plumbing, heat and air-conditioning installation
- 46740SIC 46740
- 47990Other retail sale not in stores, stalls or markets
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
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, 4 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
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,011,481
Cash YoY
-28%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£89k
↓ 28% YoY
Net Worth
£1.0m
↑ 9.1% YoY
Current Assets
£635k
↑ 43% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £1.07M | £955.5k |
| Current assets | £634.6k | £442.7k |
| Cash | £88.7k | £123.8k |
| Debtors | £335.3k | £167.3k |
| Net assets | £1.01M | £927.2k |
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
9
filings
- • 7 officers
- • 1 accounts
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-01-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-08📄memorandum-articlesincorporation · MA
- 2022-11-07📄resolutionresolution · RESOLUTIONS
- 2022-01-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-02-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-28📄memorandum-articlesincorporation · MA
- 2014-05-20➕GRAY, Thorfinn Stewart appointeddirector
- 2014-05-20➕WALLS, Elizabeth appointeddirector
- 2010-05-19🏢Company incorporatedAs HEAT ORKNEY LIMITED
- 2010-05-19➕GRAY, Diane appointedsecretary
- 2010-05-19➕GRAY, Diane appointeddirector
- 2010-05-19➕GRAY, Stewart Thomas appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
53/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stewart Thomas Gray Individual · British · DOB 10/1969 · age 57 | 50–75% | — | 50-75% shares | 01/05/2017 |
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 · Manufacturing · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRECKAN LIMITED→ SC198357 · est 1999 | — | — | — | 23 | 26y | 83 | 64y |
| JGC ENGINEERING AND TECHNICAL SERVICES LIMITED→ SC067528 · est 1979 · no financials extracted | — | — | — | — | 47y | 83 | 60y |
| ORKNEY MEDIA GROUP LIMITED→ SC315893 · est 2007 | — | — | — | 3300 | 19y | 83 | 75y |
| GAIRSTY QUARRY LTD→ SC378633 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GRID SURVEYS EUROPE LTD→ SC547599 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| HNM INVERCAULD LIMITED→ SC856653 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MANN ELECTRICAL LTD→ SC733444 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MOONSHINE CANDLE CO. LTD→ SC851548 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MORTECH ENGINEERING SERVICES LTD→ SC655537 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MSDEX INSPECTIONS LTD→ SC634866 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| NORFROST HOLDINGS LIMITED→ SC041515 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| PR6 SERVICES LIMITED→ SC540945 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2010-05-19
Jurisdictionscotland
Primary SIC33140 — SIC 33140
Registered office
Laurelbank
Cromwell Road
Kirkwall
Orkney
KW15 1LH
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-06-02
Last: 2025-05-19
Officers (5 active · 0 resigned)
Active
Active
GRAY, Stewart Thomas→
Activedirector · ~57y · appointed 2010-05-19
View their other companies + combined net worth →
GRAY, Thorfinn Stewart→
Activedirector · ~28y · appointed 2014-05-20
View their other companies + combined net worth →
WALLS, Elizabeth→
Activedirector · ~37y · appointed 2014-05-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (55 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-21
change-person-director-company-with-change-date
officers · CH01
2026-01-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2026-01-07
change-person-secretary-company-with-change-date
officers · CH03
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2026-01-07
change-person-director-company-with-change-date
officers · CH01
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-31