HAVELOCK EUROPA PLC
🌳Matureactive
00782546 · plc · incorporated 1963-11-28
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
48/100
Watch
What this business does
Primary activity: Manufacture of office and shop furniture
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 48/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.
🏦
Refinance opportunity
8 live charges · 6 lenders · oldest 40.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 40.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
44 officers (6 active, 44 linked, 36 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
14 connected companies via shared directors
87
Filing history
396 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
15
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
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 (114 events)Click to expand
- 2023-01-05📄restoration-order-of-courtrestoration · AC92
- 2021-10-09⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2021-10-09🏁Company dissolved
- 2021-07-09⚠️liquidation-in-administration-move-to-dissolutioninsolvency · AM23
- 2021-01-20⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2020-08-11⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2020-07-02⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2020-01-30⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2019-07-30⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2019-06-17⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2019-02-14⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2018-09-28⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2018-09-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-09-20⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · AM02
- 2018-08-22⚠️liquidation-administration-notice-deemed-approval-of-proposalsinsolvency · AM06
- 2018-07-18⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2018-07-02📄accounts-with-accounts-type-groupaccounts · AA
- 2018-06-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-04-06➕MIDDLETON, Bruce appointedsecretary
- 2018-04-06➖BORLAND, Donald William resignedsecretary
- 2018-04-06➖BORLAND, Donald William resigneddirector
- 2018-04-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-04-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-03-18➕YESUFU, Hakeem Oluwatosin appointeddirector
- 2018-03-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-08🔒Charge registered #7Lender: Bank of Scotland PLC
- 2018-03-02🔒Charge registered #8Lender: Scottish Enterprise
- 2017-09-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-09-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-27➕ORMROD, Shaun Allen appointeddirector
- 2017-09-26➖RITCHIE, David John Alexander resigneddirector
- 2017-04-26➕BORLAND, Donald William appointedsecretary
- 2017-04-26➕BORLAND, Donald William appointeddirector
- 2017-04-25➖KENNEDY, Ciaran Anthony resignedsecretary
- 2017-04-25➖KENNEDY, Ciaran Anthony resigneddirector
- 2017-01-25➕GODDEN, Ian Adam appointeddirector
- 2017-01-25➖MACLELLAN, Alexander David resigneddirector
- 2016-06-10➖KERR, Alastair Gibson resigneddirector
- 2016-04-28➕BALFOUR, Hew Edward Ogilvy appointeddirector
- 2015-12-16➖DILLON, Peter Marshall resigneddirector
- 2015-10-06➕DILLON, Peter Marshall appointeddirector
- 2015-06-04➖BURGESS, Andrew Elliott resigneddirector
- 2015-03-30➖PRESCOTT, Eric Andrew resigneddirector
- 2015-03-30➕RITCHIE, David John Alexander appointeddirector
- 2014-06-23➖GRAY, Alexander Duncan resignedsecretary
- 2014-06-23➕KENNEDY, Ciaran Anthony appointedsecretary
- 2014-06-23➕KENNEDY, Ciaran Anthony appointeddirector
- 2014-05-14➖FINDLAY, Grant Mcdowall resignedsecretary
Showing most recent 50 of 114 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 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.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
78/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 63 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 2 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2019-06-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2019-07-04
13 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-10-09: gazette-dissolved-liquidation; 2021-07-09: liquidation-in-administration-move-to-dissolution
Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BA CARPENTRY LTD→ 13541755 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BEAVER LEEDS LTD→ 03760311 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| BED ZONE LEEDS LTD→ 14611141 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BEELAND CONTROLS LIMITED→ 04396206 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| BEEVER DENTAL TECHNOLOGY LIMITED→ 04718028 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| BELLAWOOD INTERIORS LIMITED→ 16205075 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BELLAWOOD PRODUCTS LIMITED→ 12248643 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BESPOKE CURTAIN COMPANY LIMITED→ 06668123 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| BESPOKE LEGACY JEWELLERY LIMITED→ 13352728 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BESPOKEFURN LTD→ 13713275 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BEST SAVE PROPERTIES LTD→ 11759160 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BETAFENCE LIMITED→ 00277121 · est 1933 · no financials extracted | — | — | — | — | 92y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
13 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
Typeplc
Incorporated1963-11-28
Jurisdictionengland-wales
Primary SIC31010 — Manufacture of office and shop furniture
Registered office
Central Square
29 Wellington Street
Leeds
LS1 4DL
Filing status
Accounts
Next due: 2019-06-30OVERDUE
Last made up to: 2017-12-31
Confirmation statement
Next due: 2019-07-04OVERDUE
Last: 2018-06-20
Officers (6 active · 38 resigned)
Active
BALFOUR, Hew Edward Ogilvy→
Activedirector · ~74y · appointed 2016-04-28
View their other companies + combined net worth →
GODDEN, Ian Adam→
Activedirector · ~73y · appointed 2017-01-25
View their other companies + combined net worth →
ORMROD, Shaun Allen→
Activedirector · ~61y · appointed 2017-09-27
View their other companies + combined net worth →
SWEETMAN, Richard John→
Activedirector · ~78y · appointed 2010-09-30
View their other companies + combined net worth →
YESUFU, Hakeem Oluwatosin→
Activedirector · ~53y · appointed 2018-03-18
View their other companies + combined net worth →
BORLAND, Donald William→
Resignedsecretary · appointed 2017-04-26 · resigned 2018-04-06
FINDLAY, Grant Mcdowall→
Resignedsecretary · appointed 2005-11-16 · resigned 2014-05-14
GRAY, Alexander Duncan→
Resignedsecretary · appointed 2014-05-14 · resigned 2014-06-23
KENNEDY, Ciaran Anthony→
Resignedsecretary · appointed 2014-06-23 · resigned 2017-04-25
MACSPORRAN, Graham→
Resignedsecretary · appointed 2001-05-04 · resigned 2005-12-31
SMITH, Eric Macdonald→
Resignedsecretary · appointed 1999-03-31 · resigned 2001-05-01
WEBSTER, John Strachan→
Resignedsecretary · resigned 1999-03-31
ASLET, Peter Michael→
Resigneddirector · ~74y · appointed 1995-11-01 · resigned 1999-01-14
BALFOUR, Hew Edward Ogilvy→
Resigneddirector · ~74y · resigned 2010-03-31
BELL, Simon Leonard Lawrance→
Resigneddirector · ~77y · appointed 1996-11-06 · resigned 1998-11-11
BORLAND, Donald William→
Resigneddirector · ~60y · appointed 2017-04-26 · resigned 2018-04-06
BUDDEN, John Michael→
Resigneddirector · ~84y · appointed 1991-08-28 · resigned 1996-04-26
BURGESS, Andrew Elliott→
Resigneddirector · ~56y · appointed 2013-11-18 · resigned 2015-06-04
DERBYSHIRE, Michael Joseph Christian→
Resigneddirector · ~79y · appointed 2006-10-23 · resigned 2010-03-31
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
4
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/03/2018 | — | |
| outstanding | Scottish Enterprise | A registered charge | 7 properties | 02/03/2018 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 28/04/2010 | — | |
| satisfied | Co-Operative Group (Cws) Co-Operative Group (Cws) Limited | Rent deposit deed | 1 property | 12/04/2002 | 05/10/2011 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 28/08/1998 | — | |
| satisfied | London and Manchester (Commercial Mortgages) London and Manchester (Commercial Mortgages) Limited | Deed of substitution | 1 property | 07/02/1991 | 22/05/1996 | |
| satisfied | London and Manchester (Commercial Mortgages) London and Manchester (Commercial Mortgages) Limited | First legal charge | 1 property | 25/04/1988 | 22/05/1996 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security presented for registration in scotland on 21/1/86 | 1 property | 21/01/1986 | 02/03/1992 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (396 total)
restoration-order-of-court
restoration · AC92
2023-01-05
gazette-dissolved-liquidation
gazette · GAZ2
2021-10-09
liquidation-in-administration-move-to-dissolution
insolvency · AM23
2021-07-09
liquidation-in-administration-progress-report
insolvency · AM10
2021-01-20
liquidation-in-administration-progress-report
insolvency · AM10
2020-08-11
liquidation-in-administration-extension-of-period
insolvency · AM19
2020-07-02
liquidation-in-administration-progress-report
insolvency · AM10
2020-01-30
liquidation-in-administration-progress-report
insolvency · AM10
2019-07-30
liquidation-in-administration-extension-of-period
insolvency · AM19
2019-06-17
liquidation-in-administration-progress-report
insolvency · AM10
2019-02-14
liquidation-in-administration-proposals
insolvency · AM03
2018-09-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-09-26
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2018-09-20
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · AM06
2018-08-22
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2018-07-18