H.B. EVELYO LTD.

🚨Distressedactive
11085634 · ltd · incorporated 2017-11-28
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Nov 2023
Net worth
£-680.6k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46342SIC 46342
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. 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.

Company profile
address, 2 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
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
36 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
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £680,618
Cash draining
Cash down 90% YoY
Cash YoY
-90%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 90% YoY
Net Worth
-£681k
↓ 39% YoY
Current Assets
Current Liabilities
-£681k-£540k-£399k-£258k-£117k£24kNov 2022Nov 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-11-302022-11-30
Cash£2.5k£24.4k
Net assets£-680.6k£-489.1k

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

🔒Filing-note intelligence

3 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
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-06-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-05-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2026-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-13
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2023-09-30
    MICHELMORES SECRETARIES LIMITED resigned
    corporate-secretary
  9. 2022-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-02
    📄
    memorandum-articles
    incorporation · MA
  12. 2021-02-02
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2021-01-20
    📄
    capital-allotment-shares
    capital · SH01
  14. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-08-04
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  16. 2020-08-04
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  17. 2020-07-16
    📄
    memorandum-articles
    incorporation · MA
  18. 2020-07-16
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2020-07-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2020-07-09
    📄
    capital-allotment-shares
    capital · SH01
  21. 2020-07-01
    MICHELMORES SECRETARIES LIMITED appointed
    corporate-secretary
  22. 2017-11-28
    🏢
    Company incorporated
    As H.B. EVELYO LTD.
  23. 2017-11-28
    EVERETT-LYONS, Philip appointed
    director

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
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 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: 2025-11-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Philip Everett-Lyons
Individual · British · DOB 06/1983 · age 43
5075%
50–75%board control50-75% shares · 50-75% voting · board control28/11/2017

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

9 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
Incorporated2017-11-28
Jurisdictionengland-wales
Primary SIC11010 — SIC 11010

Registered office

C/O Bishop Fleming Brook House Manor Drive
Clyst St. Mary
Exeter
EX5 1GD
United Kingdom

Filing status

Accounts
Next due: 2025-11-30OVERDUE
Last made up to: 2023-11-30
Confirmation statement
Next due: 2027-01-03
Last: 2025-12-20

Officers (1 active · 1 resigned)

EVERETT-LYONS, Philip
director · ~43y · appointed 2017-11-28
View their other companies + combined net worth →
Active
MICHELMORES SECRETARIES LIMITED
corporate-secretary · appointed 2020-07-01 · resigned 2023-09-30
Resigned

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

Recent filings (36 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-06-17
gazette-notice-compulsory
gazette · GAZ1
2026-05-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-08
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
memorandum-articles
incorporation · MA
2021-02-02