HELLEN HIGHWATER LTD

💤Zombieactive
06598151 · ltd · incorporated 2008-05-20
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 May 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 45/100. Strong seller-intent signal (65/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (69/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31

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

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 2 gazette
Last 180 days
2
filings
  • 2 gazette
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-02-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-02-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-06-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-02-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-02-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-02-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-06-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-06-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2014-06-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2008-05-20
    🏢
    Company incorporated
    As HELLEN HIGHWATER LTD
  18. 2008-05-20
    ROCK, Karen appointed
    director

Owner dependency

98/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

83/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-03

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2008-05-20
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000

Registered office

2 Teme Close
Bromyard
Herefordshire
HR7 4TP

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-03OVERDUE
Last: 2025-05-20

Officers (1 active · 0 resigned)

ROCK, Karen
director · ~64y · appointed 2008-05-20
View their other companies + combined net worth →
Active

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

Recent filings (37 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-05-05
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-dormant
accounts · AA
2025-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-dormant
accounts · AA
2024-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-dormant
accounts · AA
2023-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-09
accounts-with-accounts-type-dormant
accounts · AA
2022-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-21
accounts-with-accounts-type-dormant
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-31
accounts-with-accounts-type-dormant
accounts · AA
2020-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-31