DRAINSCAN LIMITED

🌳Matureactive
01017131 · ltd · incorporated 1971-07-09
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
—
year to Mar 2025
Net worth
£190.5k
book net assets
Opportunity
79/100
Strong
🔔
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 37000
Sector: Water supply & waste
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 54.7y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 54.7 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
133 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £190,454
Cash draining
Cash down 91% YoY
Cash YoY
-91%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£14k
↓ 91% YoY
Net Worth
£190k
↑ 1.8% YoY
Current Assets
£63k
↓ 70% YoY
Current Liabilities
—
£0£42k£85k£127k£170k£212kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£243.2k£203.1k
Current assets£63.0k£211.9k
Cash£13.7k£150.2k
Debtors£49.4k£61.7k
Net assets£190.5k£187.1k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-10-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-29
    ➖
    HUNT, Nigel Patrick resigned
    director
  4. 2024-11-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-07-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2023-09-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2022-12-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2021-11-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-03-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-03-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2021-01-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2021-01-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-12-11
    ➖
    BARGE, Betty Thelma resigned
    secretary
  14. 2020-12-11
    ➖
    BARGE, Betty Thelma resigned
    director
  15. 2020-11-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2019-12-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2018-10-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2017-10-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2017-07-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2010-05-26
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  21. 2007-03-28
    🔓
    Charge satisfied #4
  22. 2007-03-28
    🔓
    Charge satisfied #3
  23. 2007-03-09
    ➕
    BARGE, Andrew appointed
    director
  24. 2007-03-09
    ➕
    BARGE, Simon Antony appointed
    director
  25. 2007-03-09
    ➕
    BARGE, Betty Thelma appointed
    secretary
  26. 2007-03-09
    ➖
    MANGAN, Eva Joan resigned
    secretary
  27. 2007-03-09
    ➕
    BARGE, Betty Thelma appointed
    director
  28. 2007-03-09
    ➖
    DUTTON, Carl resigned
    director
  29. 2007-03-09
    ➕
    HUNT, Nigel Patrick appointed
    director
  30. 2007-03-09
    ➖
    MANGAN, Eva Joan resigned
    director
  31. 2007-03-09
    ➖
    MANGAN, Justin Peter resigned
    director
  32. 2007-03-09
    ➖
    MANGAN, Peter John resigned
    director
  33. 1998-05-01
    ➕
    DUTTON, Carl appointed
    director
  34. 1992-08-28
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC.
  35. 1992-04-08
    🔓
    Charge satisfied #2
  36. 1992-04-08
    🔓
    Charge satisfied #1
  37. 1992-03-04
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  38. 1985-10-07
    🔒
    Charge registered #2
    Lender: Midland Bank PLC
  39. 1971-09-12
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  40. 1971-07-09
    🏢
    Company incorporated
    As DRAINSCAN LIMITED

Owner dependency

91/100
Critical — business is the founder

The 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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 55 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Nic Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Nic Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
DRAINSCAN LIMITED
This company · 01017131

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
Nic Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/03/2021
1 historic (ceased) PSC
  • Mrs Betty Thelma Bargeceased 30/03/2021· 75-100% 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

Active · Energy & utilities · NG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CLEARCO GROUP LTD→
16865646 · est 2025 · no financials extracted
———————
CMEC 4 LIMITED→
08935922 · est 2014 · no financials extracted
————12y——
COMPASS DUE NORTH LTD→
13668828 · est 2021 · no financials extracted
————4y——
D HARRISON AND SONS LTD→
12542141 · est 2020 · no financials extracted
————6y——
DARK GREEN GROUP (LEVEN) LTD→
16333454 · est 2025 · no financials extracted
————1y——
DCD PLASTIC LTD→
13902612 · est 2022 · no financials extracted
————4y——
DFD PLANT LTD→
12304160 · est 2019 · no financials extracted
————6y——
DISPOSAL COMPANY (RICHBOROUGH) LIMITED→
00491261 · est 1951 · no financials extracted
————75y——
DRAIN AWAY DRAINS LIMITED→
10513251 · est 2016 · no financials extracted
————9y——
DURARE LTD→
16426655 · est 2025 · no financials extracted
———————
DW GRAB HIRE LIMITED→
11721511 · est 2018 · no financials extracted
————7y——
EAST MIDLANDS AIR CONDITIONING LTD→
13243449 · est 2021 · no financials extracted
————5y——
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
Incorporated1971-07-09
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

Elizabeth House
Wigman Road Bilborough
Nottingham
Nottinghamshire
NG8 3HY

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-13
Last: 2026-05-30

Officers (2 active · 8 resigned)

BARGE, Andrew→
director · ~69y · appointed 2007-03-09
View their other companies + combined net worth →
Active
BARGE, Simon Antony→
director · ~66y · appointed 2007-03-09
View their other companies + combined net worth →
Active
BARGE, Betty Thelma→
secretary · appointed 2007-03-09 · resigned 2020-12-11
Resigned
MANGAN, Eva Joan→
secretary · resigned 2007-03-09
Resigned
BARGE, Betty Thelma→
director · ~93y · appointed 2007-03-09 · resigned 2020-12-11
Resigned
DUTTON, Carl→
director · ~81y · appointed 1998-05-01 · resigned 2007-03-09
Resigned
HUNT, Nigel Patrick→
director · ~67y · appointed 2007-03-09 · resigned 2025-08-29
Resigned
MANGAN, Eva Joan→
director · ~101y · resigned 2007-03-09
Resigned
MANGAN, Justin Peter→
director · ~99y · resigned 2007-03-09
Resigned
MANGAN, Peter John→
director · ~80y · resigned 2007-03-09
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property26/05/2010—
satisfied
Barclays
Barclays Bank PLC.
Legal charge.1 property28/08/199228/03/2007
satisfied
Barclays
Barclays Bank PLC
Debenture1 property04/03/199228/03/2007
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property07/10/198508/04/1992
satisfied
Midland Bank
Midland Bank PLC
Floating charge1 property12/09/197108/04/1992
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-02
accounts-with-accounts-type-small
accounts · AA
2025-10-16
termination-director-company-with-name-termination-date
officers · TM01
2025-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-small
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-07-09
accounts-with-accounts-type-small
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
accounts-with-accounts-type-small
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-11
accounts-with-accounts-type-small
accounts · AA
2021-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-03-31