FORGE RECYCLING (UK) LIMITED

🌳Matureactive
07383076 · ltd · incorporated 2010-09-21
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.4y old — refinance window within 12 months
🔒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 38110
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 14.4y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 14.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 23/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 11 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
80 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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2026-01-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-09-22
    📄
    legacy
    capital · SH20
  3. 2025-09-22
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  4. 2025-09-22
    ⚠️
    legacy
    insolvency · CAP-SS
  5. 2025-09-22
    ⚠️
    legacy
    insolvency · CAP-SS
  6. 2025-09-22
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2025-01-05
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  8. 2025-01-05
    📄
    legacy
    accounts · PARENT_ACC
  9. 2025-01-05
    📄
    legacy
    other · GUARANTEE2
  10. 2025-01-05
    📄
    legacy
    other · AGREEMENT2
  11. 2024-11-06
    📄
    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. 2024-03-14
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2024-03-14
    📄
    legacy
    accounts · PARENT_ACC
  17. 2024-03-14
    📄
    legacy
    other · AGREEMENT2
  18. 2024-03-14
    📄
    legacy
    other · GUARANTEE2
  19. 2023-10-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2023-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2023-09-19
    JAMES, Paul Anthony appointed
    director
  22. 2023-09-19
    PARSONS, Sarah Christine resigned
    director
  23. 2023-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2023-06-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2023-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2023-06-06
    MAYHEW, Maxine Eleanor, Dr resigned
    director
  27. 2023-06-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2023-06-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  29. 2023-06-02
    PARSONS, Sarah Christine appointed
    director
  30. 2023-05-25
    GOODALL, Sam John resigned
    director
  31. 2023-05-25
    MILLS, Fraser resigned
    director
  32. 2023-05-25
    MILLS, Harvey Richard resigned
    director
  33. 2023-03-31
    PIKE, Richard Neil resigned
    director
  34. 2022-12-13
    🔓
    Charge satisfied #2
  35. 2022-11-02
    PARSONS, Sarah Christine appointed
    secretary
  36. 2022-11-02
    TOPHAM, Michael Robert Mason appointed
    director
  37. 2022-11-02
    MAYHEW, Maxine Eleanor, Dr appointed
    director
  38. 2022-11-02
    MCCARTHY, Phillip resigned
    director
  39. 2022-11-02
    PIKE, Richard Neil appointed
    director
  40. 2022-09-20
    🔓
    Charge satisfied #1
  41. 2019-05-17
    GOODALL, Sam John appointed
    director
  42. 2017-10-30
    🔒
    Charge registered #2
    Lender: Santander UK PLC
  43. 2013-06-01
    MCCARTHY, Phillip appointed
    director
  44. 2013-06-01
    MILLS, Fraser appointed
    director
  45. 2013-05-31
    MILES, Matthew Peter resigned
    director
  46. 2011-11-22
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  47. 2010-09-21
    🏢
    Company incorporated
    As FORGE RECYCLING (UK) LIMITED
  48. 2010-09-21
    MILES, Matthew Peter appointed
    director
  49. 2010-09-21
    MILLS, Harvey Richard appointed
    director

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 ·
2 insolvency-related filings on record
high

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

Evidence: 2025-09-22: legacy; 2025-09-22: legacy

Group structure

Forge Recycling (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Forge Recycling (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
FORGE RECYCLING (UK) LIMITED
This company · 07383076

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
Forge Recycling (Holdings) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/12/2017
2 historic (ceased) PSCs
  • Mr Harvey Richard Millsceased 28/12/2017· 25-50% shares · 25-50% voting · board control · significant influence
  • Mr Phillip Mccarthyceased 28/12/2017· 25-50% shares · 25-50% voting

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
Incorporated2010-09-21
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Coronation Road
Cressex
High Wycombe
Bucks
HP12 3TZ
England

Filing status

Accounts
Next due: 2026-12-27
Last made up to: 2025-03-28
Confirmation statement
Next due: 2026-05-05
Last: 2025-04-21

Officers (3 active · 9 resigned)

PARSONS, Sarah Christine
secretary · appointed 2022-11-02
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 2022-11-02
View their other companies + combined net worth →
Active
GOODALL, Sam John
director · ~49y · appointed 2019-05-17 · resigned 2023-05-25
Resigned
JAMES, Paul Anthony
director · ~59y · appointed 2023-09-19 · resigned 2024-10-31
Resigned
MAYHEW, Maxine Eleanor, Dr
director · ~53y · appointed 2022-11-02 · resigned 2023-06-06
Resigned
MCCARTHY, Phillip
director · ~70y · appointed 2013-06-01 · resigned 2022-11-02
Resigned
MILES, Matthew Peter
director · ~61y · appointed 2010-09-21 · resigned 2013-05-31
Resigned
MILLS, Fraser
director · ~46y · appointed 2013-06-01 · resigned 2023-05-25
Resigned
MILLS, Harvey Richard
director · ~48y · appointed 2010-09-21 · resigned 2023-05-25
Resigned
PARSONS, Sarah Christine
director · ~56y · appointed 2023-06-02 · resigned 2023-09-19
Resigned
PIKE, Richard Neil
director · ~57y · appointed 2022-11-02 · resigned 2023-03-31
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Santander
Santander UK PLC
A registered charge3 properties30/10/201713/12/2022
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property22/11/201120/09/2022

Recent filings (80 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-01-03
legacy
capital · SH20
2025-09-22
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-09-22
legacy
insolvency · CAP-SS
2025-09-22
legacy
insolvency · CAP-SS
2025-09-22
resolution
resolution · RESOLUTIONS
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-01-05
legacy
accounts · PARENT_ACC
2025-01-05
legacy
other · GUARANTEE2
2025-01-05
legacy
other · AGREEMENT2
2025-01-05
appoint-person-director-company-with-name-date
officers · AP01
2024-11-06
termination-director-company-with-name-termination-date
officers · TM01
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-03-14