HOMEHEAT GROUP LIMITED

⚰️Wound downdissolved
SC571086 · ltd · incorporated 2017-07-12
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.8y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 6.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (62/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
5
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (28 events)Click to expand
  1. 2025-04-16
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2025-04-16
    🏁
    Company dissolved
  3. 2025-01-16
    ⚠️
    liquidation-compulsory-return-final-meeting-court-scotland
    insolvency · WU15(Scot)
  4. 2022-04-12
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  5. 2022-03-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-03-21
    ⚠️
    liquidation-appointment-of-provisional-liquidator-court-scotland
    insolvency · WU02(Scot)
  7. 2022-02-14
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-05-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2020-05-25
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  12. 2020-05-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2020-05-11
    🔓
    Charge satisfied #1
  14. 2020-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-08-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2019-08-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2019-08-09
    🔒
    Charge registered #1
    Lender: Coralinn LLP
  19. 2019-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-01-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-01-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-01-17
    📄
    capital-allotment-shares
    capital · SH01
  23. 2017-12-01
    ➕
    STEWART, Hugh appointed
    director
  24. 2017-12-01
    ➕
    WARDLAW, John Robert appointed
    director
  25. 2017-09-22
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  26. 2017-07-12
    🏢
    Company incorporated
    As HOMEHEAT GROUP LIMITED
  27. 2017-07-12
    ➕
    WHITTERS, Kevin Robert appointed
    director
  28. 2017-07-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

70/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.

Red flags

2 high ·
Company dissolved
high

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

Evidence: Dissolved on 2025-04-16

4 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-04-16: gazette-dissolved-liquidation; 2025-01-16: liquidation-compulsory-return-final-meeting-court-scotland

Group structure

Coralinn Llp holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Coralinn Llp
Corporate parent · holds 25-50% shares
significant stake
⬇
HOMEHEAT GROUP LIMITED
This company · SC571086

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Coralinn Llp
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting29/03/2019
Mr Kevin Robert Whitters
Individual · British · DOB 08/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting12/07/2017

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

10 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.

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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
Incorporated2017-07-12
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Level 2 The Beacon
176 St Vincent Street
Glasgow
G2 5SG

Filing status

Accounts
Next due: —
Last made up to: 2021-03-31
Confirmation statement
Next due: —
Last: 2021-03-29

Officers (0 active · 0 resigned)

STEWART, Hugh→
director · ~69y · appointed 2017-12-01
View their other companies + combined net worth →
Active
WARDLAW, John Robert→
director · ~62y · appointed 2017-12-01
View their other companies + combined net worth →
Active
WHITTERS, Kevin Robert→
director · ~47y · appointed 2017-07-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—25/05/2020—
satisfied
Coralinn
Coralinn LLP
A registered charge1 property09/08/201911/05/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

gazette-dissolved-liquidation
gazette · GAZ2
2025-04-16
liquidation-compulsory-return-final-meeting-court-scotland
insolvency · WU15(Scot)
2025-01-16
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2022-04-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-30
liquidation-appointment-of-provisional-liquidator-court-scotland
insolvency · WU02(Scot)
2022-03-21
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-05-29
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-08-13