HASTINGS HEATING CONTRACTS LTD
Opportunity 71/100 (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: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £66.5k | £84.3k |
| Current assets | £60.7k | £75.2k |
| Net assets | £507 | £36.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2025-05-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-10-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-10-02➕HASTINGS, John appointeddirector
- 2019-09-26🏢Company incorporatedAs HASTINGS HEATING CONTRACTS LTD
- 2019-09-26➕COSEC LIMITED appointedcorporate-secretary
- 2019-09-26➖COSEC LIMITED resignedcorporate-secretary
- 2019-09-26➕MCMEEKIN, James Stuart appointeddirector
- 2019-09-26➖MCMEEKIN, James Stuart resigneddirector
- 2019-09-26➕COSEC LIMITED appointedcorporate-director
- 2019-09-26➖COSEC LIMITED resignedcorporate-director
- 2019-09-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-09-26📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "HASTINGS" — strong identity link between founder and business.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Hastings Individual · British · DOB 03/1987 · age 39 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 03/10/2019 |
1 historic (ceased) PSC
- Codir Limitedceased 02/10/2019· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (1 active · 3 resigned)
Click a director name to see their full track record across all companies.