AQUA FORCE SPECIAL WASTE LIMITED

🌳Matureactive

03384938 · ltd · incorporated 1997-06-11

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

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

ALSO REGISTERED FOR

38120SIC 38120
38210SIC 38210
38220SIC 38220

Investor take

Pursue

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

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

12 live charges · 9 lenders · oldest 25.2y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 25.2 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

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

Lenders & charges

12 charges (12/12 with lender, 12/12 with type)

Directors & officers

11 officers (5 active, 11 linked, 8 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

139 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29
Average employees	3500	3300

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (57 events)Click to expand

2025-07-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-08
➖
DURNALL, David Malcom resigned
director
2024-04-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-19
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-07-11
➕
DURNALL, Karen appointed
secretary
2023-02-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-11-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-07-19
🔒
Charge registered #12
Lender: National Westminster Bank PLC
2018-10-31
➕
HUSBANDS, John Alexander appointed
director
2017-05-19
🔒
Charge registered #11
Lender: Lloyds Bank Commercial Finance LTD
2016-08-05
🔓
Charge satisfied #9
2015-10-06
🔓
Charge satisfied #10
2015-10-06
🔓
Charge satisfied #8
2012-07-07
🔓
Charge satisfied #7
2009-09-25
➖
SMITH, Graham Ewart resigned
director
2009-09-01
➖
DURNALL, Karen resigned
director
2009-04-01
➖
SMITH, Malvina Jayne resigned
director
2009-01-15
🔒
Charge registered #10
Lender: Aqua Force Ssas
2008-08-04
➕
NAIK, Anthony appointed
director
2008-02-28
🔒
Charge registered #9
Lender: Ge Commercial Finance Limited
2007-07-05
🔒
Charge registered #8
Lender: Aqua Force Ssas
2007-06-08
🔓
Charge satisfied #5
2007-06-08
🔓
Charge satisfied #4
2007-06-08
🔓
Charge satisfied #3
2007-06-08
🔓
Charge satisfied #2
2005-01-26
🔓
Charge satisfied #6
2004-12-23
🔒
Charge registered #7
Lender: The Royal Bank of Scotland Commercial Services Limited
2004-12-20
🔓
Charge satisfied #1
2004-08-16
🔒
Charge registered #6
Lender: Aib Group (UK) PLC
2003-08-11
➕
DURNALL, Karen appointed
director
2003-08-11
➕
SMITH, Malvina Jayne appointed
director
2003-04-15
🔒
Charge registered #5
Lender: Aib Group (UK) P.L.C.
2003-04-08
🔒
Charge registered #4
Lender: Aib Group (UK) P.L.C.
2003-01-06
🔒
Charge registered #3
Lender: Aib Group (UK) PLC
2002-12-13
🔒
Charge registered #2
Lender: Aib Group (UK) PLC T/a Allied Irish Bank (GB)
2001-03-16
🔒
Charge registered #1
Lender: Hsbc Bank PLC
1997-06-11
🏢
Company incorporated
As AQUA FORCE SPECIAL WASTE LIMITED
1997-06-11
➕
GILL, Lynne Susan appointed
secretary

Showing most recent 50 of 57 events

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

80/100

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.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Aqua Force Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Aqua Force Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

AQUA FORCE SPECIAL WASTE LIMITED

This company · 03384938

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
Aqua Force Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/04/2024

2 historic (ceased) PSCs

Ms Lynne Susan Gillceased 08/04/2024· 25-50% shares · 25-50% voting
Mr David Durnallceased 08/04/2024· 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

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ADRIANS ELECTRICAL SERVICES LIMITED→ 09811958 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
AQUA REGIA LTD→ 14528994 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ARCO SERVICES LIMITED→ 03645541 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
B A SHORTHOUSE LIMITED→ 01370519 · est 1978 · no financials extracted	—	—	—	—	47y	—	—
BJ HUGHES METALS (COSELEY) LIMITED→ 06494005 · est 2008 · no financials extracted	—	—	—	—	18y	—	—
BLACK COUNTRY SKIP HIRE LIMITED→ 04782195 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
BRIDGEND POWER LIMITED→ 13938794 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BRIDGNORTH SEPTIC TANKS (SHROPSHIRE) LTD→ 14897808 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BROMSGROVE POWER LIMITED→ 14293470 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BUSHBURY SKIP HIRE LTD→ 13827401 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
CASTLE SKIP HIRE & GROUNDWORKS LIMITED→ 05432970 · est 2005 · no financials extracted	—	—	—	—	20y	—	—

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

Incorporated1997-06-11

Jurisdictionengland-wales

Primary SIC38110 — SIC 38110

Registered office

Sprint Industrial Estate Station Road

Four Ashes

Wolverhampton

WV10 7DB

England

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-04-01

Last: 2026-03-18