HERTS JEWELLERY WORKSHOP LTD

⚰️Wound downdissolved
13683343 · ltd · incorporated 2021-10-15
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Retail sale of electrical household appliances in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 95220Repair of household appliances and home and garden equipment
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 gazette
Last 180 days
5
filings
  • 3 address
  • 2 gazette
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-03-31
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2026-03-31
    🏁
    Company dissolved
  3. 2026-01-12
    📍
    default-companies-house-service-address-applied-psc
    address · RP10
  4. 2026-01-12
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  5. 2026-01-12
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  6. 2026-01-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2025-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-02-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2025-02-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-02-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-02-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-08-11
    LITRAS, Panayiotis appointed
    director
  13. 2024-08-11
    LITRAS, Andreas resigned
    director
  14. 2024-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2024-07-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  16. 2023-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-10-15
    🏢
    Company incorporated
    As HERTS JEWELLERY WORKSHOP LTD
  18. 2021-10-15
    LITRAS, Andreas appointed
    director
  19. 2021-10-15
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med · 1 low
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-03-31

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-07-23: certificate-change-of-name-company

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Panayiotis Litras
Individual · English · DOB 06/1948 · age 78
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/08/2024
1 historic (ceased) PSC
  • Mr Andreas Litrasceased 11/08/2024· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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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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.

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Company details

Statusdissolved
Typeltd
Incorporated2021-10-15
Jurisdictionengland-wales
Primary SIC47540 — Retail sale of electrical household appliances in specialised stores

Registered office

13683343 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due:
Last made up to: 2024-10-31
Confirmation statement
Next due:
Last: 2024-10-14

Officers (0 active · 1 resigned)

LITRAS, Panayiotis
director · ~78y · appointed 2024-08-11
View their other companies + combined net worth →
Active
LITRAS, Andreas
director · ~51y · appointed 2021-10-15 · resigned 2024-08-11
Resigned

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

Recent filings (17 total)

gazette-dissolved-compulsory
gazette · GAZ2
2026-03-31
default-companies-house-service-address-applied-psc
address · RP10
2026-01-12
default-companies-house-service-address-applied-officer
address · RP09
2026-01-12
default-companies-house-registered-office-address-applied
address · RP05
2026-01-12
gazette-notice-compulsory
gazette · GAZ1
2026-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-06
termination-director-company-with-name-termination-date
officers · TM01
2025-02-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-06
appoint-person-director-company-with-name-date
officers · AP01
2025-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-27
certificate-change-of-name-company
change-of-name · CERTNM
2024-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27