HERRIARD RECOVERIES LTD
Opportunity 44/100 (watch), bankability 45/100. Strong seller-intent signal (78/100, director aged 70). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 18.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £839.6k | £890.0k |
| Current assets | £518.2k | £858.7k |
| Cash | £961 | £56.7k |
| Debtors | £517.3k | £802.0k |
| Net assets | £119.8k | £159.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 insolvency
- • 1 dissolution
Corporate timeline (36 events)Click to expand
- 2026-01-16⚠️liquidation-compulsory-winding-up-orderinsolvency · COCOMP
- 2026-01-13📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-12-02📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-12-03📄gazette-notice-compulsorygazette · GAZ1
- 2024-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-30📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2020-11-27📄capital-allotment-sharescapital · SH01
- 2020-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-05-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2013-01-21➖HOLLEY, Jonathan Mark resigneddirector
- 2012-09-30➖BAST-BOVERHOFF, Marcia Dawn resignedsecretary
- 2010-06-26➕BAST-BOVERHOFF, Marcia Dawn appointedsecretary
- 2010-06-25➖DANIEL, Sean Georges resignedsecretary
- 2010-03-31➖BAST BOVERHOFF, Marcia Dawn resignedsecretary
- 2010-03-31➕DANIEL, Sean Georges appointedsecretary
- 2010-03-31➖LAUD, Harvey Stuart resigneddirector
- 2007-08-22🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2007-05-14➕LAUD, Harvey Stuart appointeddirector
- 2007-02-02➖DONNELL, Andrew resigneddirector
- 2006-06-12➕DONNELL, Andrew appointeddirector
- 2006-02-20🏢Company incorporatedAs HERRIARD RECOVERIES LTD
- 2006-02-20➕SMALE, Nicolas William appointeddirector
- 2006-02-20➕BAST BOVERHOFF, Marcia Dawn appointedsecretary
- 2006-02-20➕CARGIL MANAGEMENT SERVICES LIMITED appointedcorporate-secretary
- 2006-02-20➖CARGIL MANAGEMENT SERVICES LIMITED resignedcorporate-secretary
- 2006-02-20➕HOLLEY, Jonathan Mark appointeddirector
- 2006-02-20➕LEA YEAT LIMITED appointedcorporate-director
- 2006-02-20➖LEA YEAT LIMITED resignedcorporate-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-09-29
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-01-16: liquidation-compulsory-winding-up-order
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nicolas William Smale Individual · British · DOB 06/1956 · age 70 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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12 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 →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
Registered office
Filing status
Officers (1 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 22/08/2007 | — |