MITCHELL DRAINAGE AND ENVIRONMENTAL SOLUTIONS LTD

🌳Matureactive
03636184 · ltd · incorporated 1998-09-22
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 Sept 2024
Net worth
£1.44M
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38120SIC 38120
Investor take
Pursue
Strong opportunity: active trading company 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 -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 25.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
90 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,438,344
Cash YoY
-31%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£411k
↓ 31% YoY
Net Worth
£1.4m
↑ 12% YoY
Current Assets
£2.3m
↑ 5.0% YoY
Current Liabilities
—
£0£453k£907k£1.4m£1.8m£2.3mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£1.97M£2.09M
Current assets£2.27M£2.16M
Cash£410.6k£597.6k
Debtors£1.86M£1.56M
Net assets£1.44M£1.28M

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-01-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2020-04-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2020-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-04-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-04-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-03-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2020-03-10
    ➕
    MITCHELL, Joanne appointed
    director
  15. 2020-03-10
    ➕
    MITCHELL, Naomi appointed
    director
  16. 2020-03-10
    ➖
    HARRIS, Margaret Constance resigned
    secretary
  17. 2020-03-10
    ➖
    HARRIS, Paul Leonard resigned
    director
  18. 2020-03-10
    🔒
    Charge registered #3
    Lender: Rbs Invoice Finance Limited
  19. 2020-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-10-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  22. 2018-10-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  23. 2018-05-12
    🔓
    Charge satisfied #2
  24. 2013-02-27
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  25. 2001-07-21
    ➕
    HARRIS, Margaret Constance appointed
    secretary
  26. 2001-07-21
    ➖
    HOLMES, Dawn Patricia resigned
    secretary
  27. 2001-07-21
    ➕
    HARRIS, Paul Leonard appointed
    director
  28. 2001-07-21
    ➖
    HOLMES, Colin Francis resigned
    director
  29. 2000-05-30
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  30. 1998-09-22
    🏢
    Company incorporated
    As MITCHELL DRAINAGE AND ENVIRONMENTAL SOLUTIONS LTD
  31. 1998-09-22
    ➕
    HOLMES, Dawn Patricia appointed
    secretary
  32. 1998-09-22
    ➕
    EXPRESS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  33. 1998-09-22
    ➖
    EXPRESS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  34. 1998-09-22
    ➕
    HOLMES, Colin Francis appointed
    director
  35. 1998-09-22
    ➕
    EXPRESS DIRECTORS LIMITED appointed
    corporate-nominee-director
  36. 1998-09-22
    ➖
    EXPRESS DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

81/100
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.
  • +Founder name in company name: Company name contains director surname "MITCHELL" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Mid-Counties Investment Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mid-Counties Investment Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MITCHELL DRAINAGE AND ENVIRONMENTAL SOLUTIONS LTD
This company · 03636184

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%
NameSharesVoting rightsNature of controlNotified
Mid-Counties Investment Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting26/06/2018
2 historic (ceased) PSCs
  • Mr Paul Leonard Harrisceased 26/06/2018· 25-50% shares · 25-50% voting
  • Mrs Margaret Constance Harrisceased 26/06/2018· 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 →

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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
Incorporated1998-09-22
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Unit 5 Barberry Court
Callister Way
Centrum 100
Burton On Trent
DE14 2UE
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-06
Last: 2025-09-22

Officers (2 active · 6 resigned)

MITCHELL, Joanne→
director · ~56y · appointed 2020-03-10
View their other companies + combined net worth →
Active
MITCHELL, Naomi→
director · ~35y · appointed 2020-03-10
View their other companies + combined net worth →
Active
HARRIS, Margaret Constance→
secretary · appointed 2001-07-21 · resigned 2020-03-10
Resigned
HOLMES, Dawn Patricia→
secretary · appointed 1998-09-22 · resigned 2001-07-21
Resigned
EXPRESS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1998-09-22 · resigned 1998-09-22
Resigned
HARRIS, Paul Leonard→
director · ~80y · appointed 2001-07-21 · resigned 2020-03-10
Resigned
HOLMES, Colin Francis→
director · ~73y · appointed 1998-09-22 · resigned 2001-07-21
Resigned
EXPRESS DIRECTORS LIMITED→
corporate-nominee-director · appointed 1998-09-22 · resigned 1998-09-22
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge—10/03/2020—
satisfied
NatWest Group
Rbs Invoice Finance Limited
All assets debenture1 property27/02/201312/05/2018
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property30/05/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
certificate-change-of-name-company
change-of-name · CERTNM
2022-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
change-person-director-company-with-change-date
officers · CH01
2020-10-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-13
termination-secretary-company-with-name-termination-date
officers · TM02
2020-04-02
termination-director-company-with-name-termination-date
officers · TM01
2020-04-02