NATHANS WASTE SAVERS LIMITED

🌳Matureactive
SC140595 · ltd · incorporated 1992-10-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
£23.10M
year to Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. 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 (77/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 7.5y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 7.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
21 officers (5 active, 21 linked, 15 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
138 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £384,610

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Turnover£23.10M
Gross profit£4.98M
Operating profit£1.38M
Profit before tax£384.6k
Average employees29900

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 signals 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

Last 30 days
2
filings
  • • 1 officers
  • • 1 accounts
Last 90 days
3
filings
  • • 2 officers
  • • 1 accounts
Last 180 days
5
filings
  • • 4 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
  1. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-10
    ➖
    WOODWARD, Michelle resigned
    director
  3. 2026-03-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2026-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2026-02-10
    ➕
    JACKSON, Andrew appointed
    director
  6. 2025-12-16
    ➖
    HITCHEN, Louisa resigned
    director
  7. 2025-12-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-12-02
    ➕
    MCMURRAY-COLE, Jeremy appointed
    director
  10. 2025-10-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2025-08-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-08-01
    ➕
    ORYE, Michael appointed
    director
  13. 2025-05-26
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  14. 2025-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2025-05-01
    ➕
    FLORENCE, Alan appointed
    director
  16. 2025-04-30
    ➕
    VISTRA COSEC LIMITED appointed
    corporate-secretary
  17. 2025-02-10
    📄
    accounts-with-accounts-type-group
    accounts · AA
  18. 2025-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2025-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2025-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-02-01
    ➕
    WOODWARD, Michelle appointed
    director
  22. 2025-01-31
    ➖
    BURROWS SMITH, Mark resigned
    director
  23. 2025-01-31
    ➕
    HITCHEN, Louisa appointed
    director
  24. 2024-11-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  25. 2024-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2024-10-01
    ➖
    WILSON, Andrew Neil resigned
    director
  27. 2024-07-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  28. 2024-06-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  29. 2024-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2024-05-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2024-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  32. 2024-05-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  33. 2024-05-09
    🔒
    Charge registered #4
    Lender: Lgt Private Debt (UK) LTD. as Security Agent
  34. 2024-05-09
    🔒
    Charge registered #3
    Lender: Lgt Private Debt (UK) LTD as Security Agent
  35. 2024-03-27
    📄
    resolution
    resolution · RESOLUTIONS
  36. 2024-03-26
    📄
    memorandum-articles
    incorporation · MA
  37. 2024-03-21
    ➕
    BURROWS SMITH, Mark appointed
    director
  38. 2024-03-21
    ➖
    ELLIOTT, Trevor John resigned
    director
  39. 2024-03-21
    ➖
    HALLWORTH, Ryan resigned
    director
  40. 2019-11-14
    ➖
    SCAIFE, Andrew John resigned
    director
  41. 2019-05-20
    ➖
    ROBINSON, Andrew Phillip resigned
    director
  42. 2018-10-29
    🔒
    Charge registered #2
    Lender: Glas Trust Corporation Limited (As Security Agent)
  43. 2018-10-29
    🔒
    Charge registered #1
    Lender: Glas Trust Corporation Limited (As Security Agent)
  44. 2018-10-16
    ➖
    O'BRIEN, Brendan Henry resigned
    secretary
  45. 2018-10-16
    ➕
    ELLIOTT, Trevor John appointed
    director
  46. 2018-10-16
    ➖
    ELLIOTT, Trevor John resigned
    director
  47. 2018-10-16
    ➕
    HALLWORTH, Ryan appointed
    director
  48. 2018-10-16
    ➖
    O'BRIEN, Brendan Henry resigned
    director
  49. 2018-10-16
    ➕
    ROBINSON, Andrew Phillip appointed
    director
  50. 2018-10-16
    ➕
    SCAIFE, Andrew John appointed
    director
Showing most recent 50 of 65 events

Owner dependency

48/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HITCHEN, Louisa resigned 2025-12-16; WOODWARD, Michelle resigned 2026-04-10

Group structure

Textile Recycling International Newco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Textile Recycling International Newco Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
NATHANS WASTE SAVERS LIMITED
This company · SC140595

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
Textile Recycling International Newco Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting08/05/2024
3 historic (ceased) PSCs
  • Glas Trust Corporation Limitedceased 08/05/2024· 75-100% shares
  • Textile Recycling International Limitedceased 29/10/2018· 75-100% shares · 75-100% voting · board control
  • Mr Brendan Henry O'Brienceased 22/10/2018· significant influence · trust interest

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

8 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
Incorporated1992-10-07
Jurisdictionscotland
Primary SIC38320 — SIC 38320

Registered office

13 Winchester Avenue
Denny
FK6 6QE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-21
Last: 2025-10-07

Officers (5 active · 16 resigned)

VISTRA COSEC LIMITED→
corporate-secretary · appointed 2025-04-30
View their other companies + combined net worth →
Active
FLORENCE, Alan→
director · ~58y · appointed 2025-05-01
View their other companies + combined net worth →
Active
JACKSON, Andrew→
director · ~53y · appointed 2026-02-10
View their other companies + combined net worth →
Active
MCMURRAY-COLE, Jeremy→
director · ~48y · appointed 2025-12-02
View their other companies + combined net worth →
Active
ORYE, Michael→
director · ~54y · appointed 2025-08-01
View their other companies + combined net worth →
Active
O'BRIEN, Brendan Henry→
secretary · appointed 2008-02-27 · resigned 2018-10-16
Resigned
O'BRIEN, Brendan Sylvester→
secretary · appointed 1999-09-07 · resigned 2008-02-27
Resigned
O'BRIEN, Brendan Henry→
secretary · appointed 1992-10-07 · resigned 1999-09-07
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1992-10-07 · resigned 1992-10-07
Resigned
BURROWS SMITH, Mark→
director · ~59y · appointed 2024-03-21 · resigned 2025-01-31
Resigned
ELLIOTT, Trevor John→
director · ~59y · appointed 2018-10-16 · resigned 2024-03-21
Resigned
ELLIOTT, Trevor John→
director · ~59y · appointed 2000-02-07 · resigned 2018-10-16
Resigned
HALLWORTH, Ryan→
director · ~43y · appointed 2018-10-16 · resigned 2024-03-21
Resigned
HITCHEN, Louisa→
director · ~37y · appointed 2025-01-31 · resigned 2025-12-16
Resigned
O'BRIEN, Brendan Henry→
director · ~57y · appointed 1999-09-07 · resigned 2018-10-16
Resigned
O'BRIEN, Brendan Sylvester→
director · ~80y · appointed 1992-10-07 · resigned 1996-10-31
Resigned
ROBINSON, Andrew Phillip→
director · ~59y · appointed 2018-10-16 · resigned 2019-05-20
Resigned
SCAIFE, Andrew John→
director · ~50y · appointed 2018-10-16 · resigned 2019-11-14
Resigned
WILSON, Andrew Neil→
director · ~60y · appointed 2018-10-16 · resigned 2024-10-01
Resigned
WOODWARD, Michelle→
director · ~55y · appointed 2025-02-01 · resigned 2026-04-10
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lgt Private Debt (UK) . as Security Agent
Lgt Private Debt (UK) LTD. as Security Agent
A registered charge8 properties09/05/2024—
outstanding
Lgt Private Debt (UK) as Security Agent
Lgt Private Debt (UK) LTD as Security Agent
A registered charge—09/05/2024—
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property29/10/2018—
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property29/10/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (138 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
accounts-with-accounts-type-full
accounts · AA
2026-03-31
appoint-person-director-company-with-name-date
officers · AP01
2026-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
appoint-person-director-company-with-name-date
officers · AP01
2025-08-22
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-05-26
appoint-person-director-company-with-name-date
officers · AP01
2025-05-07
accounts-with-accounts-type-group
accounts · AA
2025-02-10
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
termination-director-company-with-name-termination-date
officers · TM01
2025-02-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-05