GROUNDWATER LIMITED
💤Zombieactive
02666295 · ltd · incorporated 1991-11-27
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 2024
Net worth
£16.2k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 36000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (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: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 32.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 32.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
93 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £16,156
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£16k
Current Assets
£24k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £16.2k | — |
| Current assets | £24.2k | — |
| Net assets | £16.2k | — |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-04-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-18📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-08-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-24➖HARRISON, Hugh Douglas resigneddirector
- 2022-08-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-01-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-06-11📄change-person-director-company-with-change-dateofficers · CH01
- 2018-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-31➕HARRISON, Elliot Richard appointeddirector
- 2010-06-06➖HARRISON, Elliot Richard resigneddirector
- 2001-05-31➕HARRISON, Elliot Richard appointeddirector
- 2001-02-28➖HARRISON, Michael Hugh resigneddirector
- 1997-11-13🔓Charge satisfied #1
- 1996-10-04🔒Charge registered #2Lender: National Westminster Bank PLC
- 1994-05-03🔒Charge registered #1Lender: The Co-Operative Bank PLC
- 1991-11-27🏢Company incorporatedAs GROUNDWATER LIMITED
- 1991-11-27➕HARRISON, Hugh Douglas appointedsecretary
- 1991-11-27➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1991-11-27➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1991-11-27➕HARRISON, Hugh Douglas appointeddirector
- 1991-11-27➕HARRISON, Michael Hugh appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 35 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Elliot Richard Harrison Individual · British · DOB 07/1973 · age 53 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 · Energy & utilities · HX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CALDERDALE SEWER SERVICES LIMITED→ 04021960 · est 2000 | — | — | — | 10 | 26y | 82 | 66y |
| ANDANIA CIVIL ENGINEERING SERVICES LTD.→ 04231135 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| AVA RECYCLING LTD→ 11156822 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CLEANMET LIMITED→ 00787531 · est 1964 · no financials extracted | — | — | — | — | 62y | — | — |
| EARTHWORKS GRAB & HAULAGE LTD→ 16769506 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EFFECTIVE COOLING LTD→ 12197976 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ELLETE WASTE LTD→ 15158895 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EVY BROKERS LIMITED→ 15681561 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FLOWPRO DRAINAGE LIMITED→ 15116460 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| JET RENEWABLES LIMITED→ 06957272 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| LSWP PROPERTIES LTD→ 14414496 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LWP SITE SOLUTIONS LTD→ 12578647 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated1991-11-27
Jurisdictionengland-wales
Primary SIC36000 — SIC 36000
Registered office
386 Burnley Road
Halifax
HX2 7LW
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20
Officers (2 active · 4 resigned)
HARRISON, Hugh Douglas→
Activesecretary · appointed 1991-11-27
View their other companies + combined net worth →
HARRISON, Elliot Richard→
Activedirector · ~53y · appointed 2015-07-31
View their other companies + combined net worth →
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-11-27 · resigned 1991-11-27
HARRISON, Elliot Richard→
Resigneddirector · ~53y · appointed 2001-05-31 · resigned 2010-06-06
HARRISON, Hugh Douglas→
Resigneddirector · ~91y · appointed 1991-11-27 · resigned 2022-10-24
HARRISON, Michael Hugh→
Resigneddirector · ~60y · appointed 1991-11-27 · resigned 2001-02-28
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 04/10/1996 | — | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Debenture | 1 property | 03/05/1994 | 13/11/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (93 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
termination-director-company-with-name-termination-date
officers · TM01
2022-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-02