RESPONSE 24 ASBESTOS REMOVAL LTD

🏛️Establishedactive

SC649628 · ltd · incorporated 2019-12-16

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 Feb 2025

Net worth

£-41.7k

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 38220

Sector: Water supply & waste

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (3 active, 3 linked, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

13 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £41,661

Cash YoY

+125%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£46k

↑ 125% YoY

Net Worth

-£42k

↑ 45% YoY

Current Assets

£127k

↑ 116% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28	2024-02-29
Total assets	£-36.7k	£84.9k
Current assets	£127.4k	£58.9k
Cash	£46.4k	£20.6k
Debtors	£80.3k	£38.4k
Net assets	£-41.7k	£-75.8k

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (11 events)Click to expand

2026-01-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-16
🏢
Company incorporated
As RESPONSE 24 ASBESTOS REMOVAL LTD
2019-12-16
➕
MCCORMICK, Barry appointed
director
2019-12-16
➕
PATTERSON, Graham appointed
director
2019-12-16
➕
STEWART, Deborah appointed
director
2019-12-16
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-12-16
📄
incorporation-company
incorporation · NEWINC

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

+Senior director age: Director aged approximately 60 — 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 60. Early succession window.

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

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Graham Patterson Individual · British · DOB 11/1981 · age 45	25–50%	25–50%	25-50% shares · 25-50% voting	16/12/2019
Mr Barry Mccormick Individual · British · DOB 08/1966 · age 60	25–50%	25–50%	25-50% shares · 25-50% voting	16/12/2019
Mrs Deborah Stewart Individual · British · DOB 10/1979 · age 47	25–50%	25–50%	25-50% shares · 25-50% voting	16/12/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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

Incorporated2019-12-16

Jurisdictionscotland

Primary SIC38220 — SIC 38220

Registered office

10 Roebank St

Glasgow

Scotland

G31 3HY

United Kingdom

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-12-29

Last: 2025-12-15

Officers (3 active · 0 resigned)

MCCORMICK, Barry→

director · ~60y · appointed 2019-12-16

View their other companies + combined net worth →

Active

PATTERSON, Graham→

director · ~45y · appointed 2019-12-16

View their other companies + combined net worth →

Active

STEWART, Deborah→

director · ~47y · appointed 2019-12-16

View their other companies + combined net worth →

Active

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