HIGHLANDER INTERNATIONAL RECYCLING LIMITED

🌳Matureactive
SC265586 · ltd · incorporated 2004-03-29
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.8y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.59M
book net assets
Opportunity
83/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 83/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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

3 live charges · 2 lenders · oldest 18.8y

50/100
clean up first

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

  • · Oldest live charge is 18.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,587,013
Cash YoY
-14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£173k
↓ 14% YoY
Net Worth
£1.6m
↑ 1.4% YoY
Current Assets
£448k
↓ 3.0% YoY
Current Liabilities
—
£0£317k£635k£952k£1.3m£1.6mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.94M£1.85M
Current assets£448.1k£461.8k
Cash£173.3k£201.4k
Debtors£185.7k£192.1k
Net assets£1.59M£1.57M

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

🔒Filing-note intelligence

1 signal 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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-09-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-09-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-09-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-03-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-01-20
    ➕
    BINGHAM, Lewis appointed
    director
  12. 2020-01-20
    ➕
    O'BRIEN, Tracey appointed
    director
  13. 2019-04-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2019-03-30
    🔓
    Charge satisfied #3
  16. 2018-03-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2016-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-04-23
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  20. 2014-04-15
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  21. 2010-12-20
    ➖
    DELFORGE, Marc resigned
    director
  22. 2007-09-21
    ➕
    DELFORGE, Marc appointed
    director
  23. 2007-09-21
    🔒
    Charge registered #1
    Lender: Anthon B Nilsen
  24. 2006-03-31
    ➕
    DUFFY, Stephen Thomas appointed
    director
  25. 2005-05-27
    ➕
    BINGHAM, Margaret appointed
    secretary
  26. 2005-05-27
    ➕
    BINGHAM, Brian appointed
    director
  27. 2005-05-27
    ➖
    BINGHAM, Brian resigned
    secretary
  28. 2005-05-27
    ➖
    BINGHAM, Margaret resigned
    director
  29. 2004-03-29
    🏢
    Company incorporated
    As HIGHLANDER INTERNATIONAL RECYCLING LIMITED
  30. 2004-03-29
    ➕
    BINGHAM, Brian appointed
    secretary
  31. 2004-03-29
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  32. 2004-03-29
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  33. 2004-03-29
    ➕
    BINGHAM, Margaret appointed
    director
  34. 2004-03-29
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  35. 2004-03-29
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Brian Bingham
Individual · British · DOB 05/1965 · age 61
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Stephen Thomas Duffy
Individual · British · DOB 07/1976 · age 50
25–50%
—25-50% shares01/01/2022

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

Active · Energy & utilities · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ENVIROCLEAN (SCOTLAND) LIMITED→
SC176022 · est 1997
£9.58M
£6.90M–£12.26M
——24629y8459y
BARR + WRAY HOLDINGS 2 LIMITED→
SC276252 · est 2004
£1.34M
£963.0k–£1.71M
——021y8459y
BARR + WRAY HOLDINGS LIMITED→
SC175728 · est 1997
£1.34M
£963.0k–£1.71M
——029y8259y
BAILLIE WINDFARM LIMITED→
SC256692 · est 2003 · no financials extracted
————22y8371y
HIGHLANDER SECURITY SHREDDING LTD→
SC395423 · est 2011
——£646.8k—15y8361y
SPRUCE CARPETS LTD.→
SC280302 · est 2005 · no financials extracted
————21y8370y
DPM WATER TECHNOLOGIES LIMITED→
SC264863 · est 2004
——£353.6k—22y8271y
MITCHELL THOMSON LIMITED→
SC028501 · est 1951
——£251.0k—74y8258y
S.M. LIGHTING (SCOTLAND) LIMITED→
SC364594 · est 2009
——£738.3k—16y8263y
ECO COIL HEATING LTD→
SC350309 · est 2008
————17y8160y
AIROMAIR LIMITED→
SC328639 · est 2007
————18y8060y
CMI WASTE MANAGEMENT LIMITED→
SC106679 · est 1987
——£828.1k—38y8079y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2004-03-29
Jurisdictionscotland
Primary SIC38320 — SIC 38320

Registered office

7-10 Linwood Avenue
East Kilbride
Glasgow
G74 5NE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23

Officers (5 active · 5 resigned)

BINGHAM, Margaret→
secretary · appointed 2005-05-27
View their other companies + combined net worth →
Active
BINGHAM, Brian→
director · ~61y · appointed 2005-05-27
View their other companies + combined net worth →
Active
BINGHAM, Lewis→
director · ~33y · appointed 2020-01-20
View their other companies + combined net worth →
Active
DUFFY, Stephen Thomas→
director · ~50y · appointed 2006-03-31
View their other companies + combined net worth →
Active
O'BRIEN, Tracey→
director · ~38y · appointed 2020-01-20
View their other companies + combined net worth →
Active
BINGHAM, Brian→
secretary · appointed 2004-03-29 · resigned 2005-05-27
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-03-29 · resigned 2004-03-29
Resigned
BINGHAM, Margaret→
director · ~57y · appointed 2004-03-29 · resigned 2005-05-27
Resigned
DELFORGE, Marc→
director · ~58y · appointed 2007-09-21 · resigned 2010-12-20
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2004-03-29 · resigned 2004-03-29
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge1 property23/04/201430/03/2019
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—15/04/2014—
outstanding
Anthon B Nilsen / Anthon B Nilsen / Anthon B Nilsen Sas
Floating charge1 property21/09/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
change-person-director-company-with-change-date
officers · CH01
2026-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-23