INERT RECYCLING (UK) LIMITED

🌳Matureactive
03754461 · ltd · incorporated 1999-04-19
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 Sept 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
  • 43999Other specialised construction activities n.e.c.
  • 49410Freight transport by road
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.1y

35/100
too messy

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

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (5 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
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
£0£0£0£0£0£0Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Average employees48004800

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-05-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-02-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-04-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-06-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2019-02-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-05-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2017-05-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2017-01-19
    CROSSWELL, Andrew John appointed
    director
  12. 2017-01-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-03-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-09-16
    📄
    capital-allotment-shares
    capital · SH01
  16. 2015-08-27
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2015-04-15
    🔓
    Charge satisfied #3
  18. 2015-04-15
    🔓
    Charge satisfied #2
  19. 2014-10-28
    🔒
    Charge registered #4
    Lender: Coutts & Company
  20. 2013-10-15
    DAVIS, James Thomas John appointed
    director
  21. 2011-06-01
    🔓
    Charge satisfied #1
  22. 2009-10-01
    BRUNT, David Arthur resigned
    director
  23. 2009-06-23
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  24. 2009-04-23
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  25. 2007-07-13
    LARNER, Keith Derek appointed
    director
  26. 2007-07-13
    BRUNT, David Arthur appointed
    director
  27. 2007-06-28
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  28. 2000-06-01
    DAVIS, James Thomas John appointed
    secretary
  29. 2000-06-01
    WAITE, Paul David resigned
    secretary
  30. 1999-05-05
    LARNER, Amanda Jane appointed
    director
  31. 1999-05-05
    WAITE, Paul David appointed
    secretary
  32. 1999-05-05
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  33. 1999-05-05
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director
  34. 1999-04-19
    🏢
    Company incorporated
    As INERT RECYCLING (UK) LIMITED
  35. 1999-04-19
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  36. 1999-04-19
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Amanda Jane Larner
Individual · British · DOB 10/1964 · age 62
2550%
25-50% shares01/06/2016
Mr Keith Derek Larner
Individual · British · DOB 04/1960 · age 66
2550%
25-50% shares01/06/2016

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

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
Incorporated1999-04-19
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Highbridge Estates Highbridge Road
Brambridge
Eastleigh
Hampshire
SO50 6HS

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-05-03
Last: 2026-04-19

Officers (5 active · 4 resigned)

DAVIS, James Thomas John
secretary · appointed 2000-06-01
View their other companies + combined net worth →
Active
CROSSWELL, Andrew John
director · ~56y · appointed 2017-01-19
View their other companies + combined net worth →
Active
DAVIS, James Thomas John
director · ~63y · appointed 2013-10-15
View their other companies + combined net worth →
Active
LARNER, Amanda Jane
director · ~62y · appointed 1999-05-05
View their other companies + combined net worth →
Active
LARNER, Keith Derek
director · ~66y · appointed 2007-07-13
View their other companies + combined net worth →
Active
WAITE, Paul David
secretary · appointed 1999-05-05 · resigned 2000-06-01
Resigned
SWIFT INCORPORATIONS LIMITED
corporate-nominee-secretary · appointed 1999-04-19 · resigned 1999-05-05
Resigned
BRUNT, David Arthur
director · ~71y · appointed 2007-07-13 · resigned 2009-10-01
Resigned
INSTANT COMPANIES LIMITED
corporate-nominee-director · appointed 1999-04-19 · resigned 1999-05-05
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
NatWest Group
Coutts & Company
A registered charge28/10/2014
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage2 properties23/06/200915/04/2015
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property23/04/200915/04/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property28/06/200701/06/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (88 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-19