DRAINCARE TECHNOLOGY LIMITED

💤Zombieactive
03877912 · ltd · incorporated 1999-11-16
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£11.0k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £11,000

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£11k
↑ 120% YoY
Current Assets
£48k
↑ 6.7% YoY
Current Liabilities
—
£0£10k£19k£29k£38k£48kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£11.0k£5.0k
Current assets£48.0k£45.0k
Net assets£11.0k£5.0k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-11-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-11-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-01-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-03-01
    ➕
    MILLWARD, Keith appointed
    director
  17. 2013-02-28
    ➖
    PAYNE, Gillian Ann resigned
    secretary
  18. 2013-02-28
    ➖
    PAYNE, Gillian Ann resigned
    director
  19. 2013-02-28
    ➖
    PAYNE, Leonard George resigned
    director
  20. 1999-11-23
    ➕
    PAYNE, Gillian Ann appointed
    secretary
  21. 1999-11-23
    ➖
    MIDLANDS SECRETARIAL MANAGEMENT LIMITED resigned
    corporate-nominee-secretary
  22. 1999-11-23
    ➖
    ALLSOPP, Nicholas James resigned
    nominee-director
  23. 1999-11-23
    ➕
    PAYNE, Gillian Ann appointed
    director
  24. 1999-11-23
    ➕
    PAYNE, Leonard George appointed
    director
  25. 1999-11-16
    🏢
    Company incorporated
    As DRAINCARE TECHNOLOGY LIMITED
  26. 1999-11-16
    ➕
    MIDLANDS SECRETARIAL MANAGEMENT LIMITED appointed
    corporate-nominee-secretary
  27. 1999-11-16
    ➕
    ALLSOPP, Nicholas James appointed
    nominee-director

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Keith Millward
Individual · British · DOB 02/1965 · age 61
75–100%
—75-100% shares01/08/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1999-11-16
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000

Registered office

100 Willenhall Road
Bilston
West Midlands
WV14 6NP

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-10-22
Last: 2025-10-08

Officers (1 active · 5 resigned)

MILLWARD, Keith→
director · ~61y · appointed 2013-03-01
View their other companies + combined net worth →
Active
PAYNE, Gillian Ann→
secretary · appointed 1999-11-23 · resigned 2013-02-28
Resigned
MIDLANDS SECRETARIAL MANAGEMENT LIMITED→
corporate-nominee-secretary · appointed 1999-11-16 · resigned 1999-11-23
Resigned
ALLSOPP, Nicholas James→
nominee-director · ~68y · appointed 1999-11-16 · resigned 1999-11-23
Resigned
PAYNE, Gillian Ann→
director · ~69y · appointed 1999-11-23 · resigned 2013-02-28
Resigned
PAYNE, Leonard George→
director · ~82y · appointed 1999-11-23 · resigned 2013-02-28
Resigned

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

Recent filings (67 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-15
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-30