CONDITION ENVIRONMENT SERVICES LIMITED

🌳Matureactive
02866087 · ltd · incorporated 1993-10-26
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
£12.90M
year to Mar 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
106 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
76/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Profitable
Profit before tax £288,121

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 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
Turnover£12.90M
Gross profit£2.08M
Operating profit£346.6k
Profit before tax£288.1k
Average employees36004100

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-07-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-07-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-07-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-07-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-07-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2022-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-09-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-09-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-09-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-09-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-09-17
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2021-04-29
    PEARCE, Christian resigned
    director
  18. 2021-04-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-04-30
    COULSON, Arran David appointed
    director
  22. 2013-09-18
    COULSON, David resigned
    director
  23. 2013-09-18
    PEARCE, Keith Raymond resigned
    director
  24. 2009-07-23
    PEARCE, Lee appointed
    secretary
  25. 2009-07-23
    PEARCE, Lee appointed
    director
  26. 2009-07-23
    PEARCE, Keith Raymond resigned
    secretary
  27. 2009-07-23
    PEARCE, Christian appointed
    director
  28. 1993-10-26
    🏢
    Company incorporated
    As CONDITION ENVIRONMENT SERVICES LIMITED
  29. 1993-10-26
    PEARCE, Keith Raymond appointed
    secretary
  30. 1993-10-26
    CHETTLEBURGH INTERNATIONAL LIMITED appointed
    corporate-nominee-secretary
  31. 1993-10-26
    CHETTLEBURGH INTERNATIONAL LIMITED resigned
    corporate-nominee-secretary
  32. 1993-10-26
    COULSON, David appointed
    director
  33. 1993-10-26
    PEARCE, Keith Raymond appointed
    director
  34. 1993-10-26
    CHETTLEBURGH'S LIMITED appointed
    corporate-nominee-director
  35. 1993-10-26
    CHETTLEBURGH'S LIMITED resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 33 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

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
NameSharesVoting rightsNature of controlNotified
Mr Arran Coulson
Individual · British · DOB 02/1978 · age 48
2550%
25–50%25-50% shares · 25-50% voting30/04/2019
Mr Lee Pearce
Individual · British · DOB 08/1971 · age 55
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Christian John Pearce
Individual · British · DOB 11/1974 · age 52
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated1993-10-26
Jurisdictionengland-wales
Primary SIC35300 — SIC 35300

Registered office

245 Acton Lane Park Royal
London
London
NW10 7NR

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26

Officers (3 active · 6 resigned)

PEARCE, Lee
secretary · appointed 2009-07-23
View their other companies + combined net worth →
Active
COULSON, Arran David
director · ~48y · appointed 2019-04-30
View their other companies + combined net worth →
Active
PEARCE, Lee
director · ~55y · appointed 2009-07-23
View their other companies + combined net worth →
Active
PEARCE, Keith Raymond
secretary · appointed 1993-10-26 · resigned 2009-07-23
Resigned
CHETTLEBURGH INTERNATIONAL LIMITED
corporate-nominee-secretary · appointed 1993-10-26 · resigned 1993-10-26
Resigned
COULSON, David
director · ~78y · appointed 1993-10-26 · resigned 2013-09-18
Resigned
PEARCE, Christian
director · ~52y · appointed 2009-07-23 · resigned 2021-04-29
Resigned
PEARCE, Keith Raymond
director · ~78y · appointed 1993-10-26 · resigned 2013-09-18
Resigned
CHETTLEBURGH'S LIMITED
corporate-nominee-director · appointed 1993-10-26 · resigned 1993-10-26
Resigned

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

Recent filings (106 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
change-person-director-company-with-change-date
officers · CH01
2024-07-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-23
change-person-director-company-with-change-date
officers · CH01
2024-07-23
change-person-director-company-with-change-date
officers · CH01
2024-07-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15