HASTINGS HEATING CONTRACTS LTD

💤Zombieactive
SC642764 · ltd · incorporated 2019-09-26
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 Sept 2024
Net worth
£507
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

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.

Company profile
address, 1 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
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £507
Net assets shrinking
Down £36,027 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£507
↓ 99% YoY
Current Assets
£61k
↓ 19% YoY
Current Liabilities
£0£15k£30k£45k£60k£75kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
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.

🔒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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-05-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-06-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-06-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2019-10-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2019-10-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2019-10-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2019-10-02
    HASTINGS, John appointed
    director
  13. 2019-09-26
    🏢
    Company incorporated
    As HASTINGS HEATING CONTRACTS LTD
  14. 2019-09-26
    COSEC LIMITED appointed
    corporate-secretary
  15. 2019-09-26
    COSEC LIMITED resigned
    corporate-secretary
  16. 2019-09-26
    MCMEEKIN, James Stuart appointed
    director
  17. 2019-09-26
    MCMEEKIN, James Stuart resigned
    director
  18. 2019-09-26
    COSEC LIMITED appointed
    corporate-director
  19. 2019-09-26
    COSEC LIMITED resigned
    corporate-director
  20. 2019-09-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2019-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2019-09-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-09-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  24. 2019-09-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "HASTINGS" — strong identity link between founder and business.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Hastings
Individual · British · DOB 03/1987 · age 39
75100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest03/10/2019
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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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
Incorporated2019-09-26
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

112a Cumbernauld Road
Muirhead
Glasgow
G69 9AA
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-28
Last: 2025-10-14

Officers (1 active · 3 resigned)

HASTINGS, John
director · ~39y · appointed 2019-10-02
View their other companies + combined net worth →
Active
COSEC LIMITED
corporate-secretary · appointed 2019-09-26 · resigned 2019-09-26
Resigned
MCMEEKIN, James Stuart
director · ~59y · appointed 2019-09-26 · resigned 2019-09-26
Resigned
COSEC LIMITED
corporate-director · appointed 2019-09-26 · resigned 2019-09-26
Resigned

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

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-14