HORGAN HOMES LIMITED
Opportunity 71/100 (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 -80% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
2 live charges · oldest 4.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.1 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 | 2024-02-28 |
|---|---|---|
| Total assets | £195.2k | £206.7k |
| Current assets | £1.1k | £5.7k |
| Cash | £1.1k | £5.7k |
| Net assets | £-34.0k | £-22.6k |
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
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (13 events)Click to expand
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-23📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-04🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2022-04-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-09🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2022-02-07🏢Company incorporatedAs HORGAN HOMES LIMITED
- 2022-02-07➕HORGAN, Jillian Susan appointeddirector
- 2022-02-07➕HORGAN, Kevin appointeddirector
- 2022-02-07📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "HORGAN" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Jillian Susan Horgan Individual · British · DOB 10/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/02/2022 |
Mr Kevin Horgan Individual · British · DOB 01/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/02/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & M MCCALLUM LIMITED→ SC480448 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| J. LOGAN MILNE (BRECHIN) LIMITED→ SC072388 · est 1980 · no financials extracted | — | — | — | — | 45y | — | — |
| J&N INVESTMENTS SCOTLAND LTD→ SC699439 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| JACK 1 2 3 PROPERTIES LIMITED→ SC228562 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| JACKSON PROPERTY SCOTLAND LIMITED→ SC727972 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| JACKSON SURVEYORS LIMITED→ SC636419 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| JAMES KEILLER DEVELOPMENTS LIMITED→ SC263698 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| JASPAR LIMITED→ SC236699 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| JBS PROPERTY LTD→ SC646695 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| JCM PROPERTY (FIFE) LIMITED→ SC869640 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JENZ PROPERTY LTD→ SC649456 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| JHM PROPERTY SERVICES LTD→ SC847008 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 04/01/2023 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 09/04/2022 | — |