GC PLUMBING & HEATING (NE) LTD
Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2023-05-31 | 2022-05-31 |
|---|---|---|
| Total assets | £-14.0k | £30.1k |
| Current assets | £40.6k | £45.8k |
| Net assets | £-23.0k | £317 |
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 dissolution
- • 1 dissolution
- • 1 gazette
Corporate timeline (17 events)Click to expand
- 2026-04-23📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2026-04-14📄gazette-notice-compulsorygazette · GAZ1
- 2025-05-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-07-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-05-18🏢Company incorporatedAs GC PLUMBING & HEATING (NE) LTD
- 2016-05-18➕CARTER, Gary David appointeddirector
- 2016-05-18📄incorporation-companyincorporation · NEWINC
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.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-02-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-14
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gary Carter Individual · British · DOB 01/1990 · age 36 | 75–100% | — | 75-100% shares | 01/06/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 0 resigned)
Click a director name to see their full track record across all companies.