DIRECT WASTE MANAGEMENT LIMITED
🌳Matureactive
SC187186 · ltd · incorporated 1998-06-30
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
—
year to Sept 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 38220
Sector: Water supply & waste
ALSO REGISTERED FOR
- 49410Freight transport by road
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 79/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 27.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 800 | 800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-06-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-21➕HORNE, Jackie Chrissie appointeddirector
- 2023-08-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-06-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-05-24➖HORNE, Derek James resigneddirector
- 2018-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-08-07🔓Charge satisfied #3
- 2011-01-28🔒Charge registered #7Lender: Clydesdale Bank PLC
- 2011-01-28🔒Charge registered #6Lender: Clydesdale Bank PLC
- 2010-11-09🔓Charge satisfied #4
- 2010-03-15🔒Charge registered #5Lender: Clydesdale Bank PLC
- 1999-10-07🔓Charge satisfied #1
- 1999-08-13🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1998-12-04🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1998-10-23🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1998-07-15➕HORNE, Brenda appointedsecretary
- 1998-07-15➕HORNE, Brenda appointeddirector
- 1998-07-15➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1998-07-15➕HORNE, Derek James appointeddirector
- 1998-07-15➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1998-06-30🏢Company incorporatedAs DIRECT WASTE MANAGEMENT LIMITED
- 1998-06-30➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1998-06-30➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — HORNE, Jackie Chrissie (same surname) appointed 2023-08-21. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Jackie Horne Individual · British · DOB 10/1987 · age 39 | 50–75% | — | 50-75% shares | 24/05/2019 |
Mr Ricky Horne Individual · British · DOB 05/1982 · age 44 | 25–50% | — | 25-50% shares | 02/05/2024 |
Mrs Brenda Horne Individual · British · DOB 09/1958 · age 68 | — | — | board controlboard control · firm interest | 06/04/2016 |
1 historic (ceased) PSC
- Mr Derek James Horneceased 24/05/2019· 25-50% shares
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| JANERIC LTD→ SC516510 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| KILMARNOCK ENERGY CENTRE LIMITED→ SC766862 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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| MELROSE WIND LIMITED→ SC510251 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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| S & C SECURITY AND ELECTRICAL LIMITED→ SC261336 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| SELN LIMITED→ SC396796 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| SHIELBOG ENERGY LIMITED→ SC430360 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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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
Incorporated1998-06-30
Jurisdictionscotland
Primary SIC38220 — SIC 38220
Registered office
Damhead Circle
Dales Industrial Estate
Peterhead
Aberdeenshire,
AB42 3GX
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30
Officers (3 active · 3 resigned)
Active
HORNE, Brenda→
Activedirector · ~68y · appointed 1998-07-15
View their other companies + combined net worth →
HORNE, Jackie Chrissie→
Activedirector · ~39y · appointed 2023-08-21
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-06-30 · resigned 1998-07-15
HORNE, Derek James→
Resigneddirector · ~69y · appointed 1998-07-15 · resigned 2019-05-24
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1998-06-30 · resigned 1998-07-15
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 28/01/2011 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 28/01/2011 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 15/03/2010 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 13/08/1999 | 09/11/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/12/1998 | 07/08/2013 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 23/10/1998 | 07/10/1999 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-11
appoint-person-director-company-with-name-date
officers · AP01
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-18