1ST DRAINCLEAR LIMITED

🌳Matureactive

03108417 · ltd · incorporated 1995-09-29

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 30.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2025

Net worth

£28.2k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Plumbing, heat and air-conditioning installation

Sector: Construction

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 30.3y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 30.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

76 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £28,238

Net assets shrinking

Down £4,925 YoY

Cash YoY

+46%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£47k

↑ 46% YoY

Net Worth

£28k

↓ 15% YoY

Current Assets

£73k

↑ 74% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-10-31	2024-10-31
Total assets	£28.2k	£33.2k
Current assets	£73.2k	£42.1k
Cash	£46.5k	£32.0k
Debtors	£26.7k	£10.1k
Net assets	£28.2k	£33.2k

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 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-07
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-02-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-10-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
1996-02-05
🔒
Charge registered #1
Lender: Midland Bank PLC
1995-09-29
🏢
Company incorporated
As 1ST DRAINCLEAR LIMITED
1995-09-29
➕
BOURNER, Christine Anne appointed
secretary
1995-09-29
➕
BOURNER, Christine Anne appointed
director
1995-09-29
➕
BOURNER, Stuart Philip appointed
director
1995-09-29
➕
ACTION COMPANY SERVICES LIMITED appointed
corporate-nominee-secretary
1995-09-29
➖
ACTION COMPANY SERVICES LIMITED resigned
corporate-nominee-secretary
1995-09-29
➕
MCM SERVICES LIMITED appointed
corporate-nominee-director
1995-09-29
➖
MCM SERVICES LIMITED resigned
corporate-nominee-director

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 31 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 31 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.)

Group structure

Chislehurst Drainage Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Chislehurst Drainage Services Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

1ST DRAINCLEAR LIMITED

This company · 03108417

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%

Name	Shares	Voting rights	Nature of control	Notified
Chislehurst Drainage Services Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	04/10/2019

2 historic (ceased) PSCs

Christine Anne Bournerceased 04/10/2019· 25-50% shares · 25-50% voting
Mr Stuart Philip Bournerceased 04/10/2019· 25-50% shares · 25-50% voting

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 · Construction · BR postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
123 HEAT LIMITED→ 12613035 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
123LOFTS LTD→ 14625505 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
1OFF HOMES LTD→ 11727237 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
21 13 PROJECTS LTD→ 14377649 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
223 STREATHAM ROAD DEVELOPMENTS LTD→ 11065938 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
2B FRANK LIMITED→ 10749215 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
3JAIS LTD→ 11942371 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
5STAR FLOORING SERVICES LIMITED→ 06096667 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
5STARRAIL LTD→ 14958399 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
7OAKS CONTRACTS LIMITED→ 07376502 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
91455 LIMITED→ 06856814 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
A A COOPER LTD→ 08460112 · est 2013 · no financials extracted	—	—	—	—	13y	—	—

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

Incorporated1995-09-29

Jurisdictionengland-wales

Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

104 Edge Hill Road

Chislehurst

Kent

BR7 6LB

England

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-10-16

Last: 2025-10-02

Officers (3 active · 2 resigned)

BOURNER, Christine Anne→

secretary · appointed 1995-09-29

View their other companies + combined net worth →

Active

BOURNER, Christine Anne→

director · ~70y · appointed 1995-09-29

View their other companies + combined net worth →

Active

BOURNER, Stuart Philip→

director · ~60y · appointed 1995-09-29

View their other companies + combined net worth →

Active

ACTION COMPANY SERVICES LIMITED→

corporate-nominee-secretary · appointed 1995-09-29 · resigned 1995-09-29

Resigned

MCM SERVICES LIMITED→

corporate-nominee-director · appointed 1995-09-29 · resigned 1995-09-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Midland Bank Midland Bank PLC	Fixed and floating charge	1 property	05/02/1996	—

Click column headers to sort. Use filters above to narrow by status and lender.