ETHICLEAR LTD

🚨Distressedactive
14230883 · ltd · incorporated 2022-07-13
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
Upgrade to see
Turnover
year to Jul 2024
Net worth
£-67.4k
book net assets
Opportunity
60/100
Worth a look
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 60/100 (worth a look), bankability 50/100. 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).

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, 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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth 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
50
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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £67,384

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£67k
↓ 67% YoY
Current Assets
£5k
↓ 51% YoY
Current Liabilities
-£67k-£52k-£37k-£21k-£6k£9kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-07-312023-07-31
Total assets£-49.8k£-14.1k
Current assets£4.6k£9.3k
Net assets£-67.4k£-40.3k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-04-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-04-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-05-31
    📄
    capital-allotment-shares
    capital · SH01
  5. 2024-04-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-22
    SINTON, Neil Alasdair appointed
    director
  7. 2023-08-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-08-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2023-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2022-07-15
    HALLINAN, Stephen Micheal appointed
    director
  12. 2022-07-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-07-13
    🏢
    Company incorporated
    As ETHICLEAR LTD
  14. 2022-07-13
    WOOD, Lee Aaron appointed
    director
  15. 2022-07-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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: 2026-04-30

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen Micheal Hallinan
Individual · British · DOB 01/1974 · age 52
2550%
25–50%25-50% shares · 25-50% voting22/08/2023
Mr Neil Alasdair Sinton
Individual · British · DOB 10/1978 · age 48
2550%
25–50%25-50% shares · 25-50% voting22/08/2023
Lee Aaron Wood
Individual · British · DOB 10/1975 · age 51
2550%
25–50%board control25-50% shares · 25-50% voting · board control13/07/2022

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 →
🔒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
Incorporated2022-07-13
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Director Generals House
15 Rockstone Place
Southampton
SO15 2EP
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12

Officers (3 active · 0 resigned)

HALLINAN, Stephen Micheal
director · ~52y · appointed 2022-07-15
View their other companies + combined net worth →
Active
SINTON, Neil Alasdair
director · ~48y · appointed 2023-08-22
View their other companies + combined net worth →
Active
WOOD, Lee Aaron
director · ~51y · appointed 2022-07-13
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-03
capital-allotment-shares
capital · SH01
2024-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-11
appoint-person-director-company-with-name-date
officers · AP01
2023-08-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-17
appoint-person-director-company-with-name-date
officers · AP01
2022-07-15
incorporation-company
incorporation · NEWINC
2022-07-13