HEVERTECH LIMITED

⚰️Wound downdissolved

02803522 · ltd · incorporated 1993-03-25

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2019

Net worth

£1.14M

book net assets

Opportunity

52/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Electrical installation

Sector: Construction

ALSO REGISTERED FOR

43220Plumbing, heat and air-conditioning installation
81100SIC 81100

Investor take

Pass (distressed without resilience)

Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 52/100. Strong seller-intent signal (60/100, director aged 69). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 30.7y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 30.7 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

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, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

22 officers (4 active, 22 linked, 17 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

139 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

52/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,139,440

Net assets shrinking

Down £95,639 YoY

Cash draining

Cash down 58% YoY

Cash YoY

-58%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£119k

↓ 58% YoY

Net Worth

£1.1m

↓ 7.7% YoY

Current Assets

£2.4m

↓ 9.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2019-03-31	2018-03-31
Total assets	£1.14M	£1.24M
Current assets	£2.38M	£2.64M
Cash	£119.2k	£281.3k
Debtors	£2.24M	£2.35M
Net assets	£1.14M	£1.24M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 gazette

Last 90 days

filing

• 1 gazette

Last 180 days

filings

• 2 insolvency
• 1 gazette

Counts from Companies House filing history.

Corporate timeline (80 events)Click to expand

2026-04-20
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2026-04-20
🏁
Company dissolved
2026-01-20
⚠️
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · LIQ14
2025-10-29
⚠️
liquidation-voluntary-removal-of-liquidator-by-court
insolvency · LIQ10
2025-10-22
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2025-04-29
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-05-28
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2023-05-11
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2022-05-27
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2021-05-11
⚠️
liquidation-disclaimer-notice
insolvency · NDISC
2021-04-23
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2021-04-13
⚠️
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · AM22
2021-03-15
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2020-12-07
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2020-07-21
⚠️
liquidation-in-administration-result-creditors-meeting
insolvency · AM07
2020-07-02
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2020-06-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-06-12
🔓
Charge satisfied #8
2020-05-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-05-18
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2019-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-14
➖
JAMES, Christopher Gordon resigned
director
2017-09-15
➖
REID, Stuart Sinclair resigned
director
2015-12-18
➖
HORKAN, David resigned
director
2015-11-01
➕
WILLIAMS, Gary appointed
director
2015-08-17
➕
JAMES, Christopher Gordon appointed
director
2015-07-13
🔓
Charge satisfied #7
2012-10-01
➕
HORKAN, David appointed
director
2012-10-01
➕
REID, Stuart Sinclair appointed
director
2012-04-25
🔒
Charge registered #8
Lender: Lloyds Tsb Bank PLC (The Bank)
2012-02-24
🔓
Charge satisfied #6
2011-10-28
🔒
Charge registered #7
Lender: Duncan Syers and Christopher Corkhill
2011-04-01
➕
AGAR, Matthew appointed
secretary
2011-04-01
➖
SYERS, Duncan Sinclair resigned
secretary
2011-04-01
➖
CORKHILL, Christopher John resigned
director
2011-04-01
➖
SYERS, Duncan Sinclair resigned
director
2010-12-15
🔒
Charge registered #6
Lender: Northern Bank Limited
2010-11-24
🔓
Charge satisfied #5
2010-11-24
🔓
Charge satisfied #4
2008-12-31
➖
WALTON, Simon resigned
director
2008-03-31
➖
HORKAN, David resigned
director
2007-11-05
➖
LODGE, Jared Stephen resigned
director
2007-01-01
➕
LINCOLN, Kevin appointed
director
2007-01-01
➕
LODGE, Jared Stephen appointed
director
2007-01-01
➕
WALTON, Simon appointed
director
2006-03-01
➕
AGAR, Matthew appointed
director
2006-02-28
➖
HUSSEY, John Arthur resigned
director

Showing most recent 50 of 80 events

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

+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 33 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

2 high · 1 med ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-04-20

16 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-20: gazette-dissolved-liquidation; 2026-01-20: liquidation-voluntary-creditors-return-of-final-meeting

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Kevin Lincoln Individual · British · DOB 08/1957 · age 69	25–50%	—	25-50% shares	06/04/2016
Mr Matthew Agar Individual · British · DOB 03/1973 · age 53	25–50%	—	25-50% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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1ST 4 WINDOWS LIMITED→ 05837501 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
1ST ABILITY LIMITED→ 06853960 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
1ST CHOICE DRIVEWAY & SURFACING LTD→ 15042477 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
1ST CIVIL ENGINEERING LTD→ 06418945 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
1ST CLASS ROOFING & SCAFFOLDING SERVICES LTD→ 13588336 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
1ST CONNECTION NETWORKS LIMITED→ 10761483 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
1ST LAND SERVICES LIMITED→ 13725430 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
1ST PLANT HIRE LTD→ 06419019 · est 2007 · no financials extracted	—	—	—	—	18y	—	—

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

Statusdissolved

Typeltd

Incorporated1993-03-25

Jurisdictionengland-wales

Primary SIC43210 — Electrical installation

Registered office

Resolution House

12 Mill Hill

Leeds

LS1 5DQ

Filing status

Accounts

Next due: —

Last made up to: 2019-03-31

Confirmation statement

Next due: —

Last: 2020-03-25

Officers (0 active · 18 resigned)

AGAR, Matthew→

secretary · appointed 2011-04-01

View their other companies + combined net worth →

Active

AGAR, Matthew→

director · ~53y · appointed 2006-03-01

View their other companies + combined net worth →

Active

LINCOLN, Kevin→

director · ~69y · appointed 2007-01-01

View their other companies + combined net worth →

Active

WILLIAMS, Gary→

director · ~65y · appointed 2015-11-01

View their other companies + combined net worth →

Active

ROPER, Peter Colin→

secretary · appointed 1993-05-01 · resigned 2004-02-27

Resigned

SYERS, Duncan Sinclair→

secretary · appointed 2004-02-27 · resigned 2011-04-01

Resigned

YORK PLACE COMPANY SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1993-03-25 · resigned 1993-05-01

Resigned

CORKHILL, Christopher John→

director · ~73y · appointed 2004-02-27 · resigned 2011-04-01

Resigned

DAVISON, Keith→

director · ~85y · appointed 1993-05-01 · resigned 2002-07-15

Resigned

HORKAN, David→

director · ~80y · appointed 2012-10-01 · resigned 2015-12-18

Resigned

HORKAN, David→

director · ~80y · appointed 2002-03-01 · resigned 2008-03-31

Resigned

HUSSEY, John Arthur→

director · ~77y · appointed 1998-11-13 · resigned 2006-02-28

Resigned

JAMES, Christopher Gordon→

director · ~54y · appointed 2015-08-17 · resigned 2017-12-14

Resigned

LAYCOCK, George→

director · ~77y · appointed 1993-05-01 · resigned 2004-02-27

Resigned

LODGE, Jared Stephen→

director · ~55y · appointed 2007-01-01 · resigned 2007-11-05

Resigned

METCALFE, Paul Anthony→

director · ~31y · appointed 1995-07-07 · resigned 2004-02-27

Resigned

REID, Stuart Sinclair→

director · ~56y · appointed 2012-10-01 · resigned 2017-09-15

Resigned

ROPER, Peter Colin→

director · ~86y · appointed 1993-05-01 · resigned 2004-02-27

Resigned

SYERS, Duncan Sinclair→

director · ~71y · appointed 2004-02-27 · resigned 2011-04-01

Resigned

WALTON, Simon→

director · ~55y · appointed 2007-01-01 · resigned 2008-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
satisfied	Lloyds Banking Group Lloyds Tsb Bank PLC (The Bank)	Debenture	1 property	25/04/2012	12/06/2020
satisfied	Duncan Syers and Christopher Corkhill	Debenture	1 property	28/10/2011	13/07/2015
satisfied	Northern Bank Northern Bank Limited	Floating charge	1 property	15/12/2010	24/02/2012
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Legal charge	1 property	27/02/2004	24/11/2010
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Debenture	1 property	27/02/2004	24/11/2010
satisfied	National Westminster Bank National Westminster Bank PLC	Legal charge	1 property	27/10/2003	12/02/2004
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Legal charge	1 property	17/07/1998	12/02/2004
satisfied	National Westminster Bank National Westminster Bank PLC	Mortgage debenture	1 property	01/08/1995	12/02/2004

Recent filings (139 total)

gazette-dissolved-liquidation

gazette · GAZ2

2026-04-20

liquidation-voluntary-creditors-return-of-final-meeting

insolvency · LIQ14

2026-01-20

liquidation-voluntary-removal-of-liquidator-by-court

insolvency · LIQ10

2025-10-29

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2025-10-22

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

insolvency · LIQ03

2025-04-29

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

insolvency · LIQ03

2024-05-28

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

insolvency · LIQ03

2023-05-11

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

insolvency · LIQ03

2022-05-27

liquidation-disclaimer-notice

insolvency · NDISC

2021-05-11

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2021-04-23

liquidation-in-administration-move-to-creditors-voluntary-liquidation

insolvency · AM22

2021-04-13

liquidation-in-administration-statement-of-affairs-with-form-attached

insolvency · AM02

2021-03-15

liquidation-in-administration-progress-report

insolvency · AM10

2020-12-07

liquidation-in-administration-result-creditors-meeting

insolvency · AM07

2020-07-21

liquidation-in-administration-proposals

insolvency · AM03

2020-07-02