WHITE CROSS LIMITED

🌳Matureactive
01537610 · ltd · incorporated 1981-01-08
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 67/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 54.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 54.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
22 officers (3 active, 22 linked, 14 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
179 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
7
filings
  • 2 accounts
  • 2 other
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2026-02-24
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-02-13
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-01-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  4. 2026-01-04
    📄
    legacy
    accounts · PARENT_ACC
  5. 2026-01-04
    📄
    legacy
    other · GUARANTEE2
  6. 2026-01-04
    📄
    legacy
    other · AGREEMENT2
  7. 2025-03-25
    📄
    legacy
    capital · SH20
  8. 2025-03-25
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  9. 2025-03-25
    ⚠️
    legacy
    insolvency · CAP-SS
  10. 2025-03-25
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2024-11-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-11-01
    ANGELL, Marc Anthony appointed
    director
  13. 2024-10-31
    JAMES, Paul Anthony resigned
    director
  14. 2024-10-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2024-10-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2024-01-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2023-10-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2023-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2023-09-19
    JAMES, Paul Anthony appointed
    director
  20. 2023-09-19
    BIFFA CORPORATE SERVICES LIMITED resigned
    corporate-director
  21. 2023-06-22
    PARSONS, Sarah appointed
    secretary
  22. 2023-06-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  23. 2023-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2023-03-31
    PIKE, Richard Neil resigned
    director
  25. 2022-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  26. 2021-10-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  27. 2018-09-28
    TOPHAM, Michael Robert Mason appointed
    director
  28. 2018-09-28
    PIKE, Richard Neil appointed
    director
  29. 2018-09-28
    WAKELIN, Ian Raymond resigned
    director
  30. 2017-06-14
    WAKELIN, Ian Raymond appointed
    director
  31. 2016-12-09
    WOODWARD, Keith resigned
    secretary
  32. 2016-12-09
    WOODWARD, Keith resigned
    director
  33. 2012-07-03
    ELLSON, Hilary Myra resigned
    secretary
  34. 2011-10-12
    BIFFA CORPORATE SERVICES LIMITED appointed
    corporate-director
  35. 2011-10-12
    HALES WASTE CONTROL LIMITED resigned
    corporate-director
  36. 2011-08-02
    PONE, Culdip Kelly Caur resigned
    director
  37. 2010-08-03
    JENNINGS, Paul Willis resigned
    director
  38. 2010-05-28
    HORBACH, Jan Andreas Leonardus resigned
    director
  39. 2010-02-12
    HORBACH, Jan Andreas Leonardus appointed
    director
  40. 2010-02-12
    JENNINGS, Paul Willis appointed
    director
  41. 2009-01-26
    PONE, Culdip Kelly Caur appointed
    director
  42. 2008-11-27
    LOWTH, Timothy Walter John resigned
    director
  43. 2008-11-27
    WOODWARD, Keith appointed
    director
  44. 2008-07-31
    CLARK, William Alexander Frank resigned
    secretary
  45. 2008-07-31
    ELLSON, Hilary Myra appointed
    secretary
  46. 2008-07-31
    WOODWARD, Keith appointed
    secretary
  47. 2008-03-31
    BETTINGTON, Martin John resigned
    director
  48. 2008-03-31
    HALES WASTE CONTROL LIMITED appointed
    corporate-director
  49. 2006-01-25
    🔓
    Charge satisfied #3
  50. 2001-08-20
    LOWTH, Timothy Walter John appointed
    director
Showing most recent 50 of 62 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
1 insolvency-related filing on record
high

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

Evidence: 2025-03-25: legacy

Group structure

Biffa Corporate Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Biffa Corporate Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
WHITE CROSS LIMITED
This company · 01537610

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Biffa Corporate Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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 →
🔒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
Incorporated1981-01-08
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Coronation Road
Cressex
High Wycombe
Bucks.
HP12 3TZ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (3 active · 19 resigned)

PARSONS, Sarah
secretary · appointed 2023-06-22
View their other companies + combined net worth →
Active
ANGELL, Marc Anthony
director · ~46y · appointed 2024-11-01
View their other companies + combined net worth →
Active
TOPHAM, Michael Robert Mason
director · ~54y · appointed 2018-09-28
View their other companies + combined net worth →
Active
BELLHOUSE, Donald Geoffrey
secretary · resigned 1997-09-19
Resigned
CLARK, William Alexander Frank
secretary · appointed 1998-02-20 · resigned 2008-07-31
Resigned
ELLSON, Hilary Myra
secretary · appointed 2008-07-31 · resigned 2012-07-03
Resigned
HIDE, Susan Gaynor
secretary · appointed 1997-09-19 · resigned 1998-02-20
Resigned
WOODWARD, Keith
secretary · appointed 2008-07-31 · resigned 2016-12-09
Resigned
BELLAK, John George
director · ~96y · resigned 1994-03-31
Resigned
BELLHOUSE, Donald Geoffrey
director · ~94y · resigned 1997-09-19
Resigned
BETTINGTON, Martin John
director · ~74y · resigned 2008-03-31
Resigned
HORBACH, Jan Andreas Leonardus
director · ~64y · appointed 2010-02-12 · resigned 2010-05-28
Resigned
JAMES, Paul Anthony
director · ~59y · appointed 2023-09-19 · resigned 2024-10-31
Resigned
JENNINGS, Paul Willis
director · ~69y · appointed 2010-02-12 · resigned 2010-08-03
Resigned
LOWTH, Timothy Walter John
director · ~67y · appointed 2001-08-20 · resigned 2008-11-27
Resigned
PAUL, Roderick Sayers
director · ~91y · resigned 1995-04-30
Resigned
PIKE, Richard Neil
director · ~57y · appointed 2018-09-28 · resigned 2023-03-31
Resigned
PONE, Culdip Kelly Caur
director · ~56y · appointed 2009-01-26 · resigned 2011-08-02
Resigned
WAKELIN, Ian Raymond
director · ~63y · appointed 2017-06-14 · resigned 2018-09-28
Resigned
WOODWARD, Keith
director · ~72y · appointed 2008-11-27 · resigned 2016-12-09
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Debenture1 property02/11/198420/04/1993
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Letter of set-off1 property11/02/1983
satisfied
Eagle Star Insurance Company
Eagle Star Insurance Company Limited
Mortgage pursuant to an order of court dated 22/10/861 property22/12/197125/01/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (179 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-02-24
dissolution-application-strike-off-company
dissolution · DS01
2026-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-04
legacy
accounts · PARENT_ACC
2026-01-04
legacy
other · GUARANTEE2
2026-01-04
legacy
other · AGREEMENT2
2026-01-04
legacy
capital · SH20
2025-03-25
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-03-25
legacy
insolvency · CAP-SS
2025-03-25
resolution
resolution · RESOLUTIONS
2025-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
appoint-person-director-company-with-name-date
officers · AP01
2024-11-05
termination-director-company-with-name-termination-date
officers · TM01
2024-10-31
accounts-with-accounts-type-dormant
accounts · AA
2024-10-17