H&R DRAIN SERVICES LIMITED

💤Zombieactive
13361530 · ltd · incorporated 2021-04-27
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 Apr 2025
Net worth
£-138.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £138,606

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
Net Worth
-£139k
↓ 80% YoY
Current Assets
£6k
↑ 29% YoY
Current Liabilities
-£139k-£110k-£80k-£51k-£22k£7kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£-111.4k£-34.1k
Current assets£6.1k£4.7k
Cash£6.7k
Debtors£-563
Net assets£-138.6k£-77.2k

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-16
    HASTINGS, Steven James resigned
    director
  4. 2024-06-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-06-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-05-13
    HANNON, Caroline Anne appointed
    director
  7. 2024-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-04-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-02-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-04-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-04-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-04-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-04-27
    🏢
    Company incorporated
    As H&R DRAIN SERVICES LIMITED
  15. 2021-04-27
    HASTINGS, Steven James appointed
    director
  16. 2021-04-27
    📄
    incorporation-company
    incorporation · NEWINC

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven James Hastings
Individual · British · DOB 09/1964 · age 62
75100%
75–100%75-100% shares · 75-100% voting27/04/2021
Ms Caroline Anne Hannon
Individual · British · DOB 09/1976 · age 50
sig. influencesignificant influence16/06/2024

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

7 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
Incorporated2021-04-27
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

2 Thistle Close
Thornton Cleveleys
Lancashire
FY5 2UN
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-11
Last: 2026-04-27

Officers (1 active · 1 resigned)

HANNON, Caroline Anne
director · ~50y · appointed 2024-05-13
View their other companies + combined net worth →
Active
HASTINGS, Steven James
director · ~62y · appointed 2021-04-27 · resigned 2024-06-16
Resigned

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

Recent filings (17 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-16
termination-director-company-with-name-termination-date
officers · TM01
2024-06-16
appoint-person-director-company-with-name-date
officers · AP01
2024-05-13
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-26
accounts-with-accounts-type-dormant
accounts · AA
2023-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-19
change-person-director-company-with-change-date
officers · CH01
2022-04-19