EVOLVE HYDROGEN LTD
- · Lifecycle stage: established → wound-down
- · Company status: active → dissolved
- · Opportunity score: 76 → 60
- · Deal-killer verdict: workable → high-friction
- · 5 recent signals weakening vs 1 strengthening
Picture worsened over the last 30 days — 5 negative signals vs 1 positive.
- ↓Lifecycle stage: established → wound-down
- ↓Company status: active → dissolved
- ↓Deal-killer verdict: workable → high-friction
- ↓Opportunity score: 76 → 60
- ↓Bankability: 75 → 70
- +2 more
No snapshot from 90 days ago — start tracking from today.
No snapshot from 180 days ago — start tracking from today.
- 72190Other research and experimental development on natural sciences and engineering
Opportunity 60/100 (worth a look), bankability 70/100. 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 (65/100).
Data confidence
Overall: medium (79/100)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.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 1 gazette
- • 2 gazette
- • 1 dissolution
Corporate timeline (21 events)Click to expand
- 2026-07-07📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2026-07-07🏁Company dissolved
- 2026-04-07📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-03-30📄dissolution-application-strike-off-companydissolution · DS01
- 2025-06-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-11-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-11-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-02-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-16➕GILMAN, Brian appointeddirector
- 2021-12-22➕TEPLIN, Spencer Evan appointeddirector
- 2021-12-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-10-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-10-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-10-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-02-20🏢Company incorporatedAs EVOLVE HYDROGEN LTD
- 2020-02-20➕ALMAAS, Siv Gjertrud appointeddirector
- 2020-02-20📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2026-07-07
Group structure
Evolve Hydrogen Inc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
4 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Evolve Hydrogen Inc Corporate entity | 75–100% | — | 75-100% shares | 14/05/2021 |
Mr Brian Daniel Gilman Individual · American · DOB 05/1963 · age 63 | — | — | sig. influencesignificant influence | 16/02/2022 |
Spencer Teplin Individual · American · DOB 03/1962 · age 64 | — | — | sig. influencesignificant influence | 22/12/2021 |
Ms Siv Gjertrud Almaas Individual · Norwegian · DOB 04/1962 · age 64 | — | — | sig. influencesignificant influence | 20/02/2020 |
1 historic (ceased) PSC
- Ms Siv Gjertrud Almaasceased 14/05/2021· 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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7 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 (0 active · 0 resigned)
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