32HEX LABS LTD
Opportunity 60/100 (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: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: medium (72/100)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 · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-10-31 |
|---|---|
| Current assets | £1.2k |
| Net assets | £1.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 capital
- • 1 insolvency
- • 1 resolution
Corporate timeline (26 events)Click to expand
- 2026-02-04📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2026-01-28📄legacycapital · SH20
- 2026-01-28⚠️legacyinsolvency · CAP-SS
- 2026-01-28📄resolutionresolution · RESOLUTIONS
- 2026-01-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-10-06✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-09-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-19➖PATEL, Diptesh resigneddirector
- 2025-09-19➖WHEELER, Kevin Thomas resigneddirector
- 2025-09-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-12-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-18📄resolutionresolution · RESOLUTIONS
- 2024-11-07📄capital-allotment-sharescapital · SH01
- 2024-11-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-29➕PATEL, Diptesh appointeddirector
- 2024-10-29➕WHEELER, Kevin Thomas appointeddirector
- 2024-10-15🏢Company incorporatedAs 32HEX LABS LTD
- 2024-10-15➕MORRIS, Benn Lennard appointeddirector
- 2024-10-15➕MORRIS, Louise Ann appointeddirector
- 2024-10-15📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.6 years old — management layer unlikely to be developed.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 2 med · 1 lowFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-01-28: legacy
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: PATEL, Diptesh resigned 2025-09-19; WHEELER, Kevin Thomas resigned 2025-09-19
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-10-06: certificate-change-of-name-company
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Benn Lennard Morris Individual · British · DOB 08/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 15/10/2024 |
Mrs Louise Ann Morris Individual · British · DOB 12/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 15/10/2024 |
1 historic (ceased) PSC
- Ubds Bidco Ltdceased 19/09/2025· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 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 (2 active · 2 resigned)
Click a director name to see their full track record across all companies.