PARKFORD HEATING LTD

💤Zombieactive
SC646365 · ltd · incorporated 2019-11-06
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 Nov 2021
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
2 connected companies via shared directors
51
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
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£0Nov 2020Nov 2021

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2021-11-302020-11-30
Average employees0-100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2023-11-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2023-10-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-08-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-12-01
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-11-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-10-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-10-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-01-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-12-10
    MCEWAN, John appointed
    director
  15. 2019-11-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2019-11-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-11-06
    🏢
    Company incorporated
    As PARKFORD HEATING LTD
  18. 2019-11-06
    COSEC LIMITED appointed
    corporate-secretary
  19. 2019-11-06
    COSEC LIMITED resigned
    corporate-secretary
  20. 2019-11-06
    MCMEEKIN, James Stuart appointed
    director
  21. 2019-11-06
    MCMEEKIN, James Stuart resigned
    director
  22. 2019-11-06
    COSEC LIMITED appointed
    corporate-director
  23. 2019-11-06
    COSEC LIMITED resigned
    corporate-director
  24. 2019-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2019-11-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  26. 2019-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2019-11-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  28. 2019-11-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-08-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2023-11-22

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Mcewan
Individual · British · DOB 04/1984 · age 42
sig. influencesignificant influence06/11/2019
1 historic (ceased) PSC
  • Codir Limitedceased 06/11/2019· 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.

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2019-11-06
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

C/O Horizon Ca
5 La Belle Place
Glasgow
G3 7LH
Scotland

Filing status

Accounts
Next due: 2023-08-31OVERDUE
Last made up to: 2021-11-30
Confirmation statement
Next due: 2023-11-22OVERDUE
Last: 2022-11-08

Officers (1 active · 3 resigned)

MCEWAN, John
director · ~42y · appointed 2019-12-10
View their other companies + combined net worth →
Active
COSEC LIMITED
corporate-secretary · appointed 2019-11-06 · resigned 2019-11-06
Resigned
MCMEEKIN, James Stuart
director · ~59y · appointed 2019-11-06 · resigned 2019-11-06
Resigned
COSEC LIMITED
corporate-director · appointed 2019-11-06 · resigned 2019-11-06
Resigned

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

Recent filings (24 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-11-11
gazette-notice-compulsory
gazette · GAZ1
2023-10-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-30
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-05
change-person-director-company-with-change-date
officers · CH01
2020-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-08