HEATWORKS STOVE AND COOKER CENTRE LIMITED

🌳Matureactive
SC368313 · ltd · incorporated 2009-11-10
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-107.4k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: Cash flow review and working-capital discipline. Cash down -42% YoY — forensic review of receivables, stock turns, and creditor days. 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
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red 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 £107,364
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£27k
↓ 42% YoY
Net Worth
-£107k
↓ 115% YoY
Current Assets
—
Current Liabilities
—
-£107k-£77k-£46k-£15k£16k£47kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Cash£27.0k£46.7k
Net assets£-107.4k£-49.9k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-04
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  3. 2024-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-11-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-11-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-11-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-11-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-09-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-09-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2014-10-31
    ➕
    MCEWAN, Sophie Louise appointed
    director
  20. 2014-10-31
    ➖
    MCEWAN, John resigned
    director
  21. 2014-08-31
    ➖
    MCEWAN, Jill resigned
    director
  22. 2009-11-10
    🏢
    Company incorporated
    As HEATWORKS STOVE AND COOKER CENTRE LIMITED
  23. 2009-11-10
    ➕
    MCEWAN, Neil appointed
    director
  24. 2009-11-10
    ➕
    MABBOTT, Stephen George appointed
    director
  25. 2009-11-10
    ➖
    MABBOTT, Stephen George resigned
    director
  26. 2009-11-10
    ➕
    MCEWAN, Jill appointed
    director
  27. 2009-11-10
    ➕
    MCEWAN, John appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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
NameSharesVoting rightsNature of controlNotified
Mrs Sophie Louise Mcewan
Individual · British · DOB 09/1988 · age 38
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Neil Mcewan
Individual · British · DOB 02/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

6 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
Incorporated2009-11-10
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

64-68 Princes Street
Perth
PH2 8LJ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-24
Last: 2025-11-10

Officers (2 active · 3 resigned)

MCEWAN, Neil→
director · ~43y · appointed 2009-11-10
View their other companies + combined net worth →
Active
MCEWAN, Sophie Louise→
director · ~38y · appointed 2014-10-31
View their other companies + combined net worth →
Active
MABBOTT, Stephen George→
director · ~76y · appointed 2009-11-10 · resigned 2009-11-10
Resigned
MCEWAN, Jill→
director · ~75y · appointed 2009-11-10 · resigned 2014-08-31
Resigned
MCEWAN, John→
director · ~75y · appointed 2009-11-10 · resigned 2014-10-31
Resigned

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

Recent filings (65 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-10
move-registers-to-registered-office-company-with-new-address
address · AD04
2025-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-23
change-person-director-company-with-change-date
officers · CH01
2023-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-10