DRAINCARE (LEIC) LIMITED
💤Zombieactive
03294191 · ltd · incorporated 1996-12-18
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£505.1k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -73% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (76/100)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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
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 declaredPositive net assets
Net assets £505,143
Net assets shrinking
Down £906,185 YoY
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£255k
↓ 73% YoY
Net Worth
£505k
↓ 64% YoY
Current Assets
£530k
↓ 64% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £518.0k | £1.43M |
| Current assets | £529.6k | £1.47M |
| Cash | £255.4k | £951.1k |
| Debtors | £273.7k | £516.4k |
| Net assets | £505.1k | £1.41M |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-01-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-03📄capital-cancellation-sharescapital · SH06
- 2025-02-12📄capital-return-purchase-own-sharescapital · SH03
- 2024-10-28➕MCMAHON, Chantel Lilian appointeddirector
- 2024-10-28➖PEACOCK, John resigneddirector
- 2024-10-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-30📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-10-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-10-26📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-10-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-06📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-07-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-07-20➖PEACOCK, Barbara Anne resigneddirector
- 1996-12-18🏢Company incorporatedAs DRAINCARE (LEIC) LIMITED
- 1996-12-18➕MCMAHON, Chantel Lillian appointedsecretary
- 1996-12-18➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1996-12-18➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1996-12-18➕PEACOCK, Barbara Anne appointeddirector
- 1996-12-18➕PEACOCK, John appointeddirector
- 1996-12-18➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 1996-12-18➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Chantel Lilian Mcmahon Individual · British · DOB 03/1972 · age 54 | 75–100% | — | 75-100% shares | 28/10/2024 |
1 historic (ceased) PSC
- Mr John Peacockceased 28/10/2024· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| CITY SKIP HIRE LTD→ 15253618 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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| CRYSTAL PURE WATER INTERNATIONAL LTD→ 12641624 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| D WRIGHT UTILITIES LIMITED→ 11817285 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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| DOHERTY GRAB SERVICES LIMITED→ 16461039 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DUCTING EXPRESS SERVICES LTD→ 07663884 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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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
Incorporated1996-12-18
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000
Registered office
Harborough House No.1 London Road
Oadby
Leicester
LE2 5DL
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15
Officers (2 active · 4 resigned)
MCMAHON, Chantel Lillian→
Activesecretary · appointed 1996-12-18
View their other companies + combined net worth →
MCMAHON, Chantel Lilian→
Activedirector · ~54y · appointed 2024-10-28
View their other companies + combined net worth →
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-12-18 · resigned 1996-12-18
PEACOCK, Barbara Anne→
Resigneddirector · ~79y · appointed 1996-12-18 · resigned 2019-07-20
PEACOCK, John→
Resigneddirector · ~78y · appointed 1996-12-18 · resigned 2024-10-28
WATERLOW NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1996-12-18 · resigned 1996-12-18
Click a director name to see their full track record across all companies.
Recent filings (81 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-12
appoint-person-director-company-with-name-date
officers · AP01
2025-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
capital-cancellation-shares
capital · SH06
2025-03-03
capital-return-purchase-own-shares
capital · SH03
2025-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-10-30
change-person-director-company-with-change-date
officers · CH01
2023-10-26
change-person-secretary-company-with-change-date
officers · CH03
2023-10-26