ALUTRADE LIMITED
🌳Matureactive
01806258 · ltd · incorporated 1984-04-05
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
72/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
8 live charges · 8 lenders · oldest 36.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 36.4 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 10 with DOB)
83
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
177 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2026-02-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-30➖GEORGE, Malcolm resigneddirector
- 2025-09-08📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-06-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-02-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-28🔓Charge satisfied #7
- 2025-01-28🔓Charge satisfied #6
- 2025-01-27🔒Charge registered #8Lender: Lloyds Bank Commercial Finance Limited
- 2025-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-09🔓Charge satisfied #4
- 2024-09-02📄accounts-with-accounts-type-mediumaccounts · AA
- 2023-08-08📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-21📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-06-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-08➖POWELL, Andrew resignedsecretary
- 2023-05-08➖POWELL, Andrew resigneddirector
- 2022-08-09📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-26🔓Charge satisfied #5
- 2021-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-10📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-22🔒Charge registered #7Lender: Abn Amro Asset Based Finance N.V.
- 2020-11-24➖FORD, Shaun Michael resigneddirector
- 2017-06-21➕GEORGE, Michael James appointeddirector
- 2017-06-21➕PUGH, Kevin David appointeddirector
- 2017-06-21➖GEORGE, Malcolm resignedsecretary
- 2017-06-21➕POWELL, Andrew appointedsecretary
- 2017-06-21➕FORD, Shaun Michael appointeddirector
- 2017-06-21➖GEORGE, Andrea resigneddirector
- 2017-06-21➖GEORGE, Christopher David resigneddirector
- 2017-06-21➕POWELL, Andrew appointeddirector
- 2017-01-25🔒Charge registered #6Lender: Abn Amro Commercial Finance PLC
- 2016-01-05🔓Charge satisfied #3
- 2016-01-01➕GEORGE, Andrea appointeddirector
- 2015-12-29➖LARNER, Donald Elston resigneddirector
- 2015-12-29🔒Charge registered #5Lender: Newell Palmer Trustees Limited
- 2012-04-28🔒Charge registered #4Lender: Christopher David George, Monica Susan George, Donald Elston Larner, Linda Dawn Larner, Malcolm George and Newell Palmer Trustees Limited as Trustees of the Altrude Ssas
- 2011-10-11🔓Charge satisfied #1
- 2010-01-18🔒Charge registered #3Lender: Christopher David George and Monica Susan George. Donald Elston Larner and Linda Dawn Larner
- 2008-12-08🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2002-08-27➕GEORGE, Malcolm appointedsecretary
- 2002-07-31➖CECLICH, Gerard John resignedsecretary
Showing most recent 50 of 60 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
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
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.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️ultimate parent
Alutrade Management Ltd
Corporate parent · holds 75-100% shares · board control
🏛️ultimate parent
Alutrade Management Team Limited
Corporate parent · holds 75-100% shares · board control
⬇
ALUTRADE LIMITED
This company · 01806258
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Alutrade Management Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/11/2025 |
Alutrade Management Team Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/10/2024 |
3 historic (ceased) PSCs
- Mr Malcolm Georgeceased 28/10/2024· 50-75% shares · firm interest
- George Brothers Investments Limitedceased 09/01/2024· 75-100% shares
- Mr Christopher David Georgeceased 28/10/2024· 25-50% shares · firm interest
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 · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1ST CHOICE ELECTRICS LTD→ 11382009 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 247UTILITYCONNECTIONS LTD→ 15396629 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A STAR WASTE REMOVALS LIMITED→ 10265062 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A.K. 24/7 RECOVERY LTD→ 09905228 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AEDOVA GROUP LIMITED→ 17059055 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AIRCON4HOME LIMITED→ 13339776 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ALIPERLA WASTE LTD→ 15750978 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALTA ESTATE SERVICES LIMITED→ 02341216 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| ALWIN LIMITED→ 02982315 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| AQUA MUNDUS LIMITED→ 07958165 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| AQUASENSE AI SOLUTIONS LTD→ 16596293 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AQUASENSE-AI LTD→ 16438087 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1984-04-05
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
Langley Forge House
Tat Bank Road
Oldbury
West Midlands
B69 4NH
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31
Officers (2 active · 13 resigned)
GEORGE, Michael James→
Activedirector · ~42y · appointed 2017-06-21
View their other companies + combined net worth →
PUGH, Kevin David→
Activedirector · ~51y · appointed 2017-06-21
View their other companies + combined net worth →
CECLICH, Gerard John→
Resignedsecretary · appointed 1996-03-15 · resigned 2002-07-31
EVANS, Steven→
Resignedsecretary · appointed 1994-12-01 · resigned 1996-03-15
GEORGE, Christopher David→
Resignedsecretary · resigned 1994-12-01
GEORGE, Malcolm→
Resignedsecretary · appointed 2002-08-27 · resigned 2017-06-21
POWELL, Andrew→
Resignedsecretary · appointed 2017-06-21 · resigned 2023-05-08
CECLICH, Gerard John→
Resigneddirector · ~74y · resigned 2002-07-31
EVANS, Steven→
Resigneddirector · ~64y · appointed 1998-06-19 · resigned 2002-07-31
FORD, Shaun Michael→
Resigneddirector · ~56y · appointed 2017-06-21 · resigned 2020-11-24
GEORGE, Andrea→
Resigneddirector · ~57y · appointed 2016-01-01 · resigned 2017-06-21
GEORGE, Christopher David→
Resigneddirector · ~72y · resigned 2017-06-21
GEORGE, Malcolm→
Resigneddirector · ~60y · resigned 2025-09-30
LARNER, Donald Elston→
Resigneddirector · ~68y · appointed 1998-04-01 · resigned 2015-12-29
POWELL, Andrew→
Resigneddirector · ~43y · appointed 2017-06-21 · resigned 2023-05-08
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 27/01/2025 | — | |
| satisfied | Abn Amro Asset Based Finance N.V. | A registered charge | 1 property | 22/07/2021 | 28/01/2025 | |
| satisfied | Abn Amro Commercial Finance Abn Amro Commercial Finance PLC | A registered charge | — | 25/01/2017 | 28/01/2025 | |
| satisfied | Newell Palmer Trustees / Donald Larner / Malcom George / Christopher David George Newell Palmer Trustees Limited / Donald Larner / Malcom George / Christopher David George | A registered charge | — | 29/12/2015 | 26/04/2022 | |
| satisfied | Christopher David George, Monica Susan George, Donald Elston Larner, Linda Dawn Larner, Malcolm George and Newell Palmer Trustees as Trustees of the Altrude Ssas Christopher David George, Monica Susan George, Donald Elston Larner, Linda Dawn Larner, Malcolm George and Newell Palmer Trustees Limited as Trustees of the Altrude Ssas | First floating charge | 1 property | 28/04/2012 | 09/01/2025 | |
| satisfied | Christopher David George and Monica Susan George. Donald Elston Larner and Linda Dawn Larner | Chattels mortgage | 1 property | 18/01/2010 | 05/01/2016 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 08/12/2008 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 15/01/1990 | 11/10/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (177 total)
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-02-12
termination-director-company-with-name-termination-date
officers · TM01
2025-10-03
accounts-with-accounts-type-medium
accounts · AA
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-04
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-09
accounts-with-accounts-type-medium
accounts · AA
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06