ENICOR LIMITED
🌳Matureactive
03365414 · ltd · incorporated 1997-05-06
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£39.67M
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -45% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 2 lenders · oldest 23.0y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
118 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £39,668,232
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2.1m
↓ 45% YoY
Net Worth
£40m
↑ 5.9% YoY
Current Assets
£45m
↓ 2.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £39.99M | £37.51M |
| Current assets | £44.72M | £45.72M |
| Cash | £2.07M | £3.74M |
| Debtors | £39.20M | £40.11M |
| Net assets | £39.67M | £37.46M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
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 (51 events)Click to expand
- 2026-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2025-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-17📄accounts-with-accounts-type-fullaccounts · AA
- 2024-04-22📄accounts-with-accounts-type-fullaccounts · AA
- 2024-04-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-05-31✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2023-05-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-04-27📄resolutionresolution · RESOLUTIONS
- 2023-04-27📄memorandum-articlesincorporation · MA
- 2023-04-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-18📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-04-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-04-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-13➕BIRD, William Thomas appointeddirector
- 2023-04-13➕BOWERS, James Edward appointeddirector
- 2023-04-13➖RIDDLE, Christopher Colin Gregory resigneddirector
- 2023-04-13➖RIDDLE, Colin Bruce, Mr. resigneddirector
- 2023-04-13➖RIDDLE, Susan resigneddirector
- 2023-04-13🔒Charge registered #7Lender: Hoppi Dorri LTD
- 2023-01-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-01-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-11-22🔓Charge satisfied #5
- 2022-11-22🔓Charge satisfied #4
- 2022-11-22🔓Charge satisfied #3
- 2022-11-22🔓Charge satisfied #2
- 2022-11-22🔓Charge satisfied #1
- 2017-12-22🔓Charge satisfied #6
- 2012-03-20🔒Charge registered #6Lender: Barclays Bank PLC
- 2011-06-01🔒Charge registered #5Lender: Barclays Bank PLC
- 2011-03-11🔒Charge registered #4Lender: Barclays Bank PLC
- 2009-10-01➖RIDDLE, Susan resignedsecretary
- 2007-04-25🔒Charge registered #3Lender: Barclays Bank PLC
- 2005-12-16🔒Charge registered #2Lender: Barclays Bank PLC
- 2004-05-31➖FRAMPTON, Richard David resigneddirector
- 2004-05-31➕RIDDLE, Christopher Colin Gregory appointeddirector
- 2004-05-31➕RIDDLE, Susan appointeddirector
- 2003-06-13🔒Charge registered #1Lender: Barclays Bank PLC
- 1997-05-06🏢Company incorporatedAs ENICOR LIMITED
- 1997-05-06➕RIDDLE, Susan appointedsecretary
- 1997-05-06➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1997-05-06➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1997-05-06➕FRAMPTON, Richard David appointeddirector
- 1997-05-06➕RIDDLE, Colin Bruce, Mr. appointeddirector
- 1997-05-06➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
Showing most recent 50 of 51 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Enicor Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Enicor Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
ENICOR LIMITED
This company · 03365414
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 |
|---|---|---|---|---|
Enicor Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 13/04/2023 |
3 historic (ceased) PSCs
- Mr Colin Bruce Riddleceased 13/04/2023· 25-50% shares · 25-50% voting
- Mrs Susan Riddleceased 06/04/2016· 25-50% shares · 25-50% voting
- Mr Christopher Colin Riddleceased 06/04/2016· 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 · Energy & utilities · S postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ENVIROLOAD WASTE SERVICES LTD→ 11013802 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ENVIROTECH INDUSTRIES LIMITED→ 06895308 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| EQUIP SOLUTIONS LTD→ 16170731 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ERRIS DRAINAGE REPAIRS LTD→ 15598661 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EU TRADING PARTNERSHIP LTD→ 16902500 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EVOLVE PROJECT DEVELOPMENTS LTD→ 15455587 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EYREFORCE REMOVALS & LOGISTICS LTD→ 15338778 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FAWKES RECYCLING NATIONAL LIMITED→ 17071034 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FIRST CHOICE AIR CONDITIONING LIMITED→ 10950222 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FORWARD ENVIRONMENTAL LIMITED→ 05546932 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| FRIENDLY WASTE OIL LTD→ 14057212 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FUEL SYSTEMS UK LTD→ 06891042 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
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
Incorporated1997-05-06
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
3 Hazel Court Midland Way
Barlborough
Chesterfield
S43 4FD
England
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14
Officers (2 active · 7 resigned)
BIRD, William Thomas→
Activedirector · ~63y · appointed 2023-04-13
View their other companies + combined net worth →
BOWERS, James Edward→
Activedirector · ~40y · appointed 2023-04-13
View their other companies + combined net worth →
RIDDLE, Susan→
Resignedsecretary · appointed 1997-05-06 · resigned 2009-10-01
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-05-06 · resigned 1997-05-06
FRAMPTON, Richard David→
Resigneddirector · ~63y · appointed 1997-05-06 · resigned 2004-05-31
RIDDLE, Christopher Colin Gregory→
Resigneddirector · ~44y · appointed 2004-05-31 · resigned 2023-04-13
RIDDLE, Colin Bruce, Mr.→
Resigneddirector · ~69y · appointed 1997-05-06 · resigned 2023-04-13
RIDDLE, Susan→
Resigneddirector · ~69y · appointed 2004-05-31 · resigned 2023-04-13
WATERLOW NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1997-05-06 · resigned 1997-05-06
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Hoppi Dorri Hoppi Dorri LTD | A registered charge | — | 13/04/2023 | — | |
| satisfied | Barclays Barclays Bank PLC | Guarantee & debenture | 1 property | 20/03/2012 | 22/12/2017 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 01/06/2011 | 22/11/2022 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 11/03/2011 | 22/11/2022 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 25/04/2007 | 22/11/2022 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 16/12/2005 | 22/11/2022 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/06/2003 | 22/11/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (118 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-15
accounts-with-accounts-type-full
accounts · AA
2026-02-13
change-person-director-company-with-change-date
officers · CH01
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-full
accounts · AA
2025-01-17
accounts-with-accounts-type-full
accounts · AA
2024-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-14
certificate-change-of-name-company
change-of-name · CERTNM
2023-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-04
resolution
resolution · RESOLUTIONS
2023-04-27
memorandum-articles
incorporation · MA
2023-04-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-21
change-account-reference-date-company-current-extended
accounts · AA01
2023-04-18