GLOBAL DRAINCARE LIMITED
- · Oldest live charge 25.3y old — refinance window within 12 months
Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). 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
2 live charges · 2 lenders · oldest 25.3y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 25.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
Corporate timeline (34 events)Click to expand
- 2025-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-18📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-09📄resolutionresolution · RESOLUTIONS
- 2022-08-09📄memorandum-articlesincorporation · MA
- 2022-08-09📄resolutionresolution · RESOLUTIONS
- 2022-08-09📄capital-name-of-class-of-sharescapital · SH08
- 2022-08-04📄capital-allotment-sharescapital · SH01
- 2022-07-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-07-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-27🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2021-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-25📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2003-02-07➖GILL, David Michael resigneddirector
- 2001-03-16🔒Charge registered #1Lender: Barclays Bank PLC
- 2000-08-21➕MCGOWAN, Peter Anthony appointeddirector
- 1998-11-18➕RHODES, Austin Edward appointedsecretary
- 1998-11-18➖WALKER, David resignedsecretary
- 1998-11-18➖WALKER, David resigneddirector
- 1997-11-10➕RHODES, Austin Edward appointeddirector
- 1997-11-10➖GINN, Sara resigneddirector
- 1997-04-02🏢Company incorporatedAs GLOBAL DRAINCARE LIMITED
- 1997-04-02➕WALKER, David appointedsecretary
- 1997-04-02➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1997-04-02➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1997-04-02➕GILL, David Michael appointeddirector
- 1997-04-02➕GINN, Sara appointeddirector
- 1997-04-02➕WALKER, David appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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
cleanGroup structure
Draincare Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Draincare Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/05/2022 |
2 historic (ceased) PSCs
- Mr Peter Anthony Mcgowanceased 05/05/2022· 25-50% shares · 25-50% voting
- Mr Austin Edward Rhodesceased 05/05/2022· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (3 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 27/07/2021 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 16/03/2001 | — |