HYDRO CLEANSING LIMITED

📉Decliningactive
03916897 · ltd · incorporated 2000-01-31
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38110SIC 38110
  • 38120SIC 38120
  • 39000SIC 39000
Investor take
Pass (distressed without resilience)
Distressed leverage-led grower — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 32/100. Strong seller-intent signal (70/100, director aged 59). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 22.8y

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 22.8 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
61/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
48
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £7,765

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£7.8k£176.5k
Average employees627800

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2025-11-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-08-01
    ⚠️
    liquidation-voluntary-arrangement-completion
    insolvency · CVA4
  3. 2025-05-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-07-03
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  5. 2024-05-31
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  6. 2023-07-03
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  7. 2023-01-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2022-07-05
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  9. 2021-10-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2021-08-17
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  11. 2021-04-13
    ⚠️
    legacy
    insolvency · CAP-SS
  12. 2021-04-13
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2021-04-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2021-04-07
    📄
    capital-return-purchase-own-shares
    capital · SH03
  15. 2021-03-03
    BRADY, Graham Peter resigned
    director
  16. 2021-03-03
    ROAKE, Steven Alistair resigned
    director
  17. 2021-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2021-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-09-29
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  20. 2020-01-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2018-06-22
    BRADY, Graham Peter appointed
    director
  22. 2018-06-22
    ROAKE, Steven Alistair appointed
    director
  23. 2017-01-31
    HOAD, Carol resigned
    secretary
  24. 2017-01-31
    HOAD, Carol resigned
    director
  25. 2015-11-22
    🔓
    Charge satisfied #5
  26. 2015-07-29
    🔒
    Charge registered #9
    Lender: Barclays Bank PLC
  27. 2012-07-04
    🔒
    Charge registered #8
    Lender: Liberty Leasing PLC
  28. 2011-03-18
    🔒
    Charge registered #6
    Lender: State Securities PLC
  29. 2011-03-11
    🔒
    Charge registered #7
    Lender: Steven Hoad & Carol Bickerstaffe
  30. 2011-02-15
    🔒
    Charge registered #5
    Lender: Santander UK PLC
  31. 2011-02-08
    🔓
    Charge satisfied #3
  32. 2011-02-08
    🔓
    Charge satisfied #2
  33. 2011-02-08
    🔓
    Charge satisfied #1
  34. 2010-04-07
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Commercial Finance Limited
  35. 2009-04-29
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  36. 2004-09-16
    HOAD, Ken resigned
    director
  37. 2003-11-24
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  38. 2003-08-26
    🔒
    Charge registered #1
    Lender: Galliford Try Properties Limited
  39. 2002-02-01
    HOAD, Carol appointed
    director
  40. 2002-02-01
    HOAD, Ken appointed
    director
  41. 2000-01-31
    🏢
    Company incorporated
    As HYDRO CLEANSING LIMITED
  42. 2000-01-31
    HOAD, Steven appointed
    director
  43. 2000-01-31
    HOAD, Carol appointed
    secretary
  44. 2000-01-31
    M W DOUGLAS & COMPANY LIMITED appointed
    corporate-nominee-secretary
  45. 2000-01-31
    M W DOUGLAS & COMPANY LIMITED resigned
    corporate-nominee-secretary
  46. 2000-01-31
    DOUGLAS NOMINEES LIMITED appointed
    corporate-nominee-director
  47. 2000-01-31
    DOUGLAS NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

1 high · 2 med · 1 low
7 insolvency-related filings on record
high

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

Evidence: 2025-08-01: liquidation-voluntary-arrangement-completion; 2024-07-03: liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven Hoad
Individual · British · DOB 06/1967 · age 59
75100%
75-100% shares06/04/2016

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 →

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

11 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
Incorporated2000-01-31
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

Hcl House Beddington Farm Road
Beddington
Croydon
Surrey
CR0 4XB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-28
Last: 2026-02-14

Officers (1 active · 7 resigned)

HOAD, Steven
director · ~59y · appointed 2000-01-31
View their other companies + combined net worth →
Active
HOAD, Carol
secretary · appointed 2000-01-31 · resigned 2017-01-31
Resigned
M W DOUGLAS & COMPANY LIMITED
corporate-nominee-secretary · appointed 2000-01-31 · resigned 2000-01-31
Resigned
BRADY, Graham Peter
director · ~51y · appointed 2018-06-22 · resigned 2021-03-03
Resigned
HOAD, Carol
director · ~57y · appointed 2002-02-01 · resigned 2017-01-31
Resigned
HOAD, Ken
director · ~84y · appointed 2002-02-01 · resigned 2004-09-16
Resigned
ROAKE, Steven Alistair
director · ~50y · appointed 2018-06-22 · resigned 2021-03-03
Resigned
DOUGLAS NOMINEES LIMITED
corporate-nominee-director · appointed 2000-01-31 · resigned 2000-01-31
Resigned

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

Mortgages & charges

9
Total charges
5
Outstanding
5
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property29/07/2015
outstanding
Liberty Leasing
Liberty Leasing PLC
Chattel mortgage1 property04/07/2012
outstanding
State Securities
State Securities PLC
Supplemental chattel mortgage1 property18/03/2011
outstanding
Steven Hoad & Carol Bickerstaffe
Legal charge1 property11/03/2011
satisfied
Santander
Santander UK PLC
Legal and general charge1 property15/02/201122/11/2015
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
All assets debenture1 property07/04/2010
satisfied
Barclays
Barclays Bank PLC
Fixed & floating charge1 property29/04/200908/02/2011
satisfied
Barclays
Barclays Bank PLC
Debenture1 property24/11/200308/02/2011
satisfied
Galliford Try Properties
Galliford Try Properties Limited
Rent deposit deed1 property26/08/200308/02/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (111 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-27
accounts-with-accounts-type-full
accounts · AA
2025-11-18
liquidation-voluntary-arrangement-completion
insolvency · CVA4
2025-08-01
accounts-with-accounts-type-full
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2024-07-03
accounts-with-accounts-type-medium
accounts · AA
2024-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-13
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-full
accounts · AA
2023-01-13
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2022-07-05
accounts-with-accounts-type-full
accounts · AA
2021-10-28
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2021-08-17