SPECIALIST WASTE RECYCLING LIMITED
🌳Matureactive
SC324466 · ltd · incorporated 2007-05-29
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.
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
66/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 18.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — 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
24 officers (3 active, 24 linked, 17 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
189 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
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
59
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
4
filings
- • 2 accounts
- • 2 other
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
- 2026-01-02📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-01-02📄legacyaccounts · PARENT_ACC
- 2026-01-02📄legacyother · AGREEMENT2
- 2026-01-02📄legacyother · GUARANTEE2
- 2025-03-27📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-03-27📄legacycapital · SH20
- 2025-03-27⚠️legacyinsolvency · CAP-SS
- 2025-03-27📄resolutionresolution · RESOLUTIONS
- 2025-01-15📄legacyother · AGREEMENT2
- 2025-01-15📄legacyother · GUARANTEE2
- 2025-01-15📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-01-15📄legacyother · AGREEMENT2
- 2025-01-15📄legacyother · GUARANTEE2
- 2025-01-05📄legacyaccounts · PARENT_ACC
- 2025-01-05📄legacyother · GUARANTEE2
- 2024-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-01➕ANGELL, Marc Anthony appointeddirector
- 2024-10-31➖JAMES, Paul Anthony resigneddirector
- 2024-10-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-15📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-01-15📄legacyaccounts · PARENT_ACC
- 2024-01-15📄legacyother · GUARANTEE2
- 2024-01-15📄legacyother · AGREEMENT2
- 2023-10-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-19➕JAMES, Paul Anthony appointeddirector
- 2023-09-19➖BIFFA CORPORATE SERVICES LIMITED resignedcorporate-director
- 2023-03-31➖PIKE, Richard Neil resigneddirector
- 2019-07-11➕PARSONS, Sarah appointedsecretary
- 2019-07-10➖HAMBROOK, Rachael resignedsecretary
- 2019-03-12➕TOPHAM, Michael Robert Mason appointeddirector
- 2019-03-12➖BUTLER, Andrew Marcus Curzon resignedsecretary
- 2019-03-12➕HAMBROOK, Rachael appointedsecretary
- 2019-03-12➖BARLTROP, Robert Michael resigneddirector
- 2019-03-12➖BOYCE, Ian Duncan resigneddirector
- 2019-03-12➖BUTLER, Andrew Marcus Curzon resigneddirector
- 2019-03-12➖CAMERON, Stephen Patrick resigneddirector
- 2019-03-12➖MACDONALD, Angus Francis resigneddirector
- 2019-03-12➖MAXWELL, John Dingwall resigneddirector
- 2019-03-12➖PENNANT-REA, Rupert Lascelles resigneddirector
- 2019-03-12➕PIKE, Richard Neil appointeddirector
- 2019-03-12➕BIFFA CORPORATE SERVICES LIMITED appointedcorporate-director
- 2019-01-08🔓Charge satisfied #3
- 2019-01-08🔓Charge satisfied #2
- 2017-12-01➕BARLTROP, Robert Michael appointeddirector
- 2017-11-20🔒Charge registered #3Lender: Rbs Invoice Finance LTD
- 2017-10-17🔓Charge satisfied #1
- 2016-06-01🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2015-05-21➕BOYCE, Ian Duncan appointeddirector
- 2015-05-21➖KANTER, Ralph Thomas Ludwig resigneddirector
Showing most recent 50 of 75 events
Owner dependency
58/100
Moderate — manageable with handoverSome 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 signalLimited 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 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-03-27: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Biffa Waste Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Biffa Waste Services Limited
Corporate parent · holds 75-100% shares · board control
⬇
SPECIALIST WASTE RECYCLING LIMITED
This company · SC324466
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Biffa Waste Services Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/03/2019 |
1 historic (ceased) PSC
- Mr Angus Francis Macdonaldceased 12/03/2019· 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.
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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
Incorporated2007-05-29
Jurisdictionscotland
Primary SIC38320 — SIC 38320
Registered office
101 Clydesmill Drive
Cambuslang
Glasgow
Strathclyde
G32 8RG
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10
Officers (3 active · 21 resigned)
Active
ANGELL, Marc Anthony→
Activedirector · ~46y · appointed 2024-11-01
View their other companies + combined net worth →
TOPHAM, Michael Robert Mason→
Activedirector · ~54y · appointed 2019-03-12
View their other companies + combined net worth →
BUTLER, Andrew Marcus Curzon→
Resignedsecretary · appointed 2010-12-16 · resigned 2019-03-12
GRIFFITHS, Michelle→
Resignedsecretary · appointed 2007-07-11 · resigned 2010-12-03
HAMBROOK, Rachael→
Resignedsecretary · appointed 2019-03-12 · resigned 2019-07-10
ROBSON, Andrew Stephen→
Resignedsecretary · appointed 2007-06-19 · resigned 2007-07-11
EASTBURY ACCOUNTING SOLUTIONS LTD→
Resignedcorporate-secretary · appointed 2007-05-29 · resigned 2007-06-19
BARLTROP, Robert Michael→
Resigneddirector · ~74y · appointed 2017-12-01 · resigned 2019-03-12
BOYCE, Ian Duncan→
Resigneddirector · ~82y · appointed 2015-05-21 · resigned 2019-03-12
BUTLER, Andrew Marcus Curzon→
Resigneddirector · ~56y · appointed 2011-04-21 · resigned 2019-03-12
CAMERON, Stephen Patrick→
Resigneddirector · ~55y · appointed 2014-09-25 · resigned 2019-03-12
EDWORTHY, Mark David→
Resigneddirector · ~59y · appointed 2007-08-01 · resigned 2007-10-10
GRIMES, Susan Mary, Professor→
Resigneddirector · ~69y · appointed 2008-09-25 · resigned 2010-09-01
JAMES, Paul Anthony→
Resigneddirector · ~59y · appointed 2023-09-19 · resigned 2024-10-31
JONES, Peter Terry→
Resigneddirector · ~79y · appointed 2011-01-26 · resigned 2013-10-30
KANTER, Ralph Thomas Ludwig→
Resigneddirector · ~89y · appointed 2008-01-01 · resigned 2015-05-21
MACDONALD, Angus Francis→
Resigneddirector · ~66y · appointed 2007-05-29 · resigned 2019-03-12
MAXWELL, John Dingwall→
Resigneddirector · ~63y · appointed 2012-10-23 · resigned 2019-03-12
PECK, Martin David→
Resigneddirector · ~63y · appointed 2007-10-22 · resigned 2008-06-19
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 20/11/2017 | 08/01/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 01/06/2016 | 08/01/2019 | |
| satisfied | Kingsalton Kingsalton Limited | Rent deposit deed | 1 property | 07/02/2008 | 17/10/2017 |
Recent filings (189 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-02
legacy
accounts · PARENT_ACC
2026-01-02
legacy
other · AGREEMENT2
2026-01-02
legacy
other · GUARANTEE2
2026-01-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-11
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-03-27
legacy
capital · SH20
2025-03-27
legacy
insolvency · CAP-SS
2025-03-27
resolution
resolution · RESOLUTIONS
2025-03-27
legacy
other · AGREEMENT2
2025-01-15
legacy
other · GUARANTEE2
2025-01-15
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-01-15
legacy
other · AGREEMENT2
2025-01-15
legacy
other · GUARANTEE2
2025-01-15
legacy
accounts · PARENT_ACC
2025-01-05