SOURCE 1 UTILITIES LIMITED
Significant control: Philip Shane Hiatt (25–50%), Frank Robert Drury (50–75%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
What does Source 1 Utilities Limited sell?
Registered activity: Construction of other civil engineering projects n.e.c. (SIC 42990). We’re building product and service lists for UK companies. Get this one when it’s ready.
Summary
SOURCE 1 UTILITIES LIMITED is an active private limited company (company number 13859658) incorporated on 19 January 2022, registered in Cwmbran. Its registered activity is construction of other civil engineering projects n.e.c. (SIC 42990). Latest micro accounts cover the period ending 31 March 2025, showing net assets of £46k, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 21% on the prior period (£58k).
By net assets it sits in the upper half of 259 comparable companies in Cardiff (median £23k, upper quartile £173k).
Ownership and control
- Philip Shane Hiatt
- owns 25–50% of shares
- holds 25–50% of voting rights
- Frank Robert Drury
- owns 50–75% of shares
- holds 50–75% of voting rights
- Daniel Collinwood Drury
- owns 25–50% of shares
- holds 25–50% of voting rights
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
Key dates
- Incorporated
- 19 January 20224 yrs ago
- Next accounts due
- 31 December 2026in 69 days
- Confirmation statement due
- 2 February 2027in 102 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 42990
- Construction of other civil engineering projects n.e.c.
- Accounts type
- Micro Entity
- Size band
- MicroCompanies Act thresholds
Financials
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2025 | £46k | — | — | £36k | — | — | 2 |
| 31 January 2024 | £58k | — | — | £36k | — | — | 2 |
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
Filing and accounts signals
- Net assets above zeroNet assets £45,670 at 31 March 2025
- Current assets below creditors within one yearCurrent ratio 0.88
- Incorporated two to five years agoIncorporated 19 January 2022
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
Timeline
- Confirmation statement duein 102 days
- Next accounts duein 69 days
- Accounts period endNet assets £46k · micro accounts
- Accounts period endNet assets £58k · micro accounts
- Incorporated
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All companies incorporated on 19 January 2022 · in Jan 2022.
Reminders for SOURCE 1 UTILITIES LIMITED
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.