FORTRESS RECYCLING AND RESOURCE MANAGEMENT LTD
🌳Matureactive
01992096 · ltd · incorporated 1986-02-21
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 14.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
- 49410Freight transport by road
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
2 live charges · oldest 14.7y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 14.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 7 with DOB)
86
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
146 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 83 | 8400 |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2026-05-13📄replacement-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP01CS01
- 2026-03-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-05🔒Charge registered #2Lender: Bank of Scotland PLC
- 2025-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-08-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-01📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2024-04-11📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2024-04-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-25📄resolutionresolution · RESOLUTIONS
- 2024-01-24📄capital-name-of-class-of-sharescapital · SH08
- 2024-01-24📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2023-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-31➖RAMUS, Steven John resigneddirector
- 2022-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-13🔓Charge satisfied #1
- 2013-12-11➖GRIFFITHS, John Richard resigneddirector
- 2012-04-02➕PASS, Robert Edward Leslie appointeddirector
- 2011-10-19🔒Charge registered #1Lender: Bank of Scotland PLC
- 2011-05-10➕GRIFFITHS, John Richard appointeddirector
- 2011-04-30➕RAMUS, Steven John appointeddirector
- 2002-02-14➕PASS, David John appointeddirector
- 2000-12-22➕PASS, Andrew William appointeddirector
- 2000-02-01➕PASS, David John appointedsecretary
- 2000-02-01➖PASS, Andrew resignedsecretary
- 2000-02-01➖PASS, Andrew resigneddirector
- 2000-02-01➖PASS, Ann Patricia resigneddirector
- 1986-02-21🏢Company incorporatedAs FORTRESS RECYCLING AND RESOURCE MANAGEMENT LTD
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 40 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
cleanNo 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 Andrew William Pass Individual · British · DOB 07/1979 · age 47 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Robert Edward Leslie Pass Individual · British · DOB 04/1985 · age 41 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr David John Pass Individual · British · DOB 09/1981 · age 45 | 25–50% | — | 25-50% shares | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Robert Edward Leslie Passceased 24/03/2019· significant influence
- Mr David John Passceased 24/03/2018· significant influence
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 · CV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| E.ON NEXT ENERGY LIMITED→ 03782443 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ENRAY SPV 241435 LIMITED→ 16267321 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ENRAY SPV 241491 LIMITED→ 16206930 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ENRAY SPV 250224 LIMITED→ 16536630 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EVANS HOUSE CLEARANCES LTD→ 15910421 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| EVIRON LTD→ 15344224 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FILTASONIX (UK) LTD→ 05629291 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| FONONG OIL AND GAS LTD→ 11547961 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| FORTIFY SMART GRID LTD→ 16645303 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOUR COUNTIES AIR CONDITIONING LTD→ 11875744 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FRONTIER POWER MANAGEMENT SERVICES LIMITED→ 16819146 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FRONTIER POWER VENTURES HOLDCO LIMITED→ 16819080 · 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
Incorporated1986-02-21
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110
Registered office
Insight House Blick Road
Heathcote Industrial Estate
Warwick
CV34 6TA
England
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23
Officers (4 active · 5 resigned)
Active
PASS, Andrew William→
Activedirector · ~47y · appointed 2000-12-22
View their other companies + combined net worth →
PASS, David John→
Activedirector · ~45y · appointed 2002-02-14
View their other companies + combined net worth →
PASS, Robert Edward Leslie→
Activedirector · ~41y · appointed 2012-04-02
View their other companies + combined net worth →
PASS, Andrew→
Resignedsecretary · resigned 2000-02-01
GRIFFITHS, John Richard→
Resigneddirector · ~67y · appointed 2011-05-10 · resigned 2013-12-11
PASS, Andrew→
Resigneddirector · ~77y · resigned 2000-02-01
PASS, Ann Patricia→
Resigneddirector · ~72y · resigned 2000-02-01
RAMUS, Steven John→
Resigneddirector · ~53y · appointed 2011-04-30 · resigned 2022-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 05/06/2025 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 19/10/2011 | 13/01/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (146 total)
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-03
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-02
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-08-01
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-16