CS2 LIMITED

🌳Matureactive
03888977 · ltd · incorporated 1999-12-06
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
£8.54M
year to Mar 2025
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.8y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
15 officers (6 active, 15 linked, 10 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
27 connected companies via shared directors
90
Filing history
138 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Profitable
Profit before tax £906,526

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Turnover£8.54M
Gross profit£2.92M
Profit before tax£906.5k
Average employees7000

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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-04-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-04-01
    HERLIHY, Francis appointed
    director
  5. 2025-03-31
    DRAPER, Abigail Sarah resigned
    director
  6. 2024-12-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2024-11-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-09-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-09-06
    🔒
    Charge registered #4
    Lender: Ares Management Limited as Security Trustee for the Secured Parties
  10. 2023-12-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2023-02-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2022-12-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  13. 2022-12-07
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  14. 2022-08-09
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  15. 2022-08-08
    📄
    capital-allotment-shares
    capital · SH01
  16. 2022-02-15
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2022-02-14
    📄
    memorandum-articles
    incorporation · MA
  18. 2021-12-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2021-12-24
    🔒
    Charge registered #3
    Lender: Ares Management Limited (As Security Trustee for Itself and the Other Secured Parties (as Defined in the Instrument))
  20. 2021-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-09-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2021-09-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2021-08-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  24. 2021-08-02
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  25. 2021-07-30
    EVANS, Sally appointed
    secretary
  26. 2021-07-30
    RYDER, Alasdair Alan appointed
    director
  27. 2021-07-30
    TUCKWELL, George William, Dr appointed
    director
  28. 2021-07-30
    JAY, David Stephen resigned
    secretary
  29. 2021-07-30
    DRAPER, Abigail Sarah appointed
    director
  30. 2021-07-09
    🔓
    Charge satisfied #2
  31. 2021-07-09
    🔓
    Charge satisfied #1
  32. 2021-03-31
    EDGE, Alan Christopher Lloyd resigned
    director
  33. 2021-01-01
    GREGORY, Michael resigned
    director
  34. 2018-05-18
    OWEN, Vincent Reginald Pryce resigned
    director
  35. 2011-08-31
    EDGE, Alan Christopher Lloyd appointed
    director
  36. 2007-03-15
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  37. 2006-09-22
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  38. 2006-04-01
    JAY, David Stephen appointed
    secretary
  39. 2006-03-31
    CULLINGWORTH, Richard resigned
    secretary
  40. 2006-03-31
    CULLINGWORTH, Richard resigned
    director
  41. 2003-10-07
    GREGORY, Michael appointed
    director
  42. 2003-08-14
    OWEN, Vincent Reginald Pryce appointed
    director
  43. 2001-01-17
    JAY, David Stephen appointed
    director
  44. 2001-01-17
    MATHER, Andrew Livingstone appointed
    director
  45. 2001-01-17
    CULLINGWORTH, Richard appointed
    secretary
  46. 2001-01-17
    EMW SECRETARIES LIMITED resigned
    corporate-secretary
  47. 2001-01-17
    CULLINGWORTH, Richard appointed
    director
  48. 2001-01-17
    EMW DIRECTORS LIMITED resigned
    corporate-director
  49. 1999-12-06
    🏢
    Company incorporated
    As CS2 LIMITED
  50. 1999-12-06
    EMW SECRETARIES LIMITED appointed
    corporate-secretary
Showing most recent 50 of 51 events

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 25 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

Rsk Environment Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rsk Environment Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
CS2 LIMITED
This company · 03888977

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
Rsk Environment Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/07/2021
3 historic (ceased) PSCs
  • Mr David Stephen Jayceased 30/07/2021· 25-50% shares · 25-50% voting
  • Mr Andrew Livingstone Matherceased 30/07/2021· 25-50% shares · 25-50% voting
  • Mr Michael Gregoryceased 17/05/2021· 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

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
Incorporated1999-12-06
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Spring Lodge 172 Chester Road
Helsby
Frodsham
WA6 0AR
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (6 active · 9 resigned)

EVANS, Sally
secretary · appointed 2021-07-30
View their other companies + combined net worth →
Active
HERLIHY, Francis
director · ~60y · appointed 2025-04-01
View their other companies + combined net worth →
Active
JAY, David Stephen
director · ~58y · appointed 2001-01-17
View their other companies + combined net worth →
Active
MATHER, Andrew Livingstone
director · ~59y · appointed 2001-01-17
View their other companies + combined net worth →
Active
RYDER, Alasdair Alan
director · ~65y · appointed 2021-07-30
View their other companies + combined net worth →
Active
TUCKWELL, George William, Dr
director · ~53y · appointed 2021-07-30
View their other companies + combined net worth →
Active
CULLINGWORTH, Richard
secretary · appointed 2001-01-17 · resigned 2006-03-31
Resigned
JAY, David Stephen
secretary · appointed 2006-04-01 · resigned 2021-07-30
Resigned
EMW SECRETARIES LIMITED
corporate-secretary · appointed 1999-12-06 · resigned 2001-01-17
Resigned
CULLINGWORTH, Richard
director · ~75y · appointed 2001-01-17 · resigned 2006-03-31
Resigned
DRAPER, Abigail Sarah
director · ~56y · appointed 2021-07-30 · resigned 2025-03-31
Resigned
EDGE, Alan Christopher Lloyd
director · ~60y · appointed 2011-08-31 · resigned 2021-03-31
Resigned
GREGORY, Michael
director · ~70y · appointed 2003-10-07 · resigned 2021-01-01
Resigned
OWEN, Vincent Reginald Pryce
director · ~74y · appointed 2003-08-14 · resigned 2018-05-18
Resigned
EMW DIRECTORS LIMITED
corporate-director · appointed 1999-12-06 · resigned 2001-01-17
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Ares Management as Security Trustee for the Secured Parties / (As Defined in the Instrument)
Ares Management Limited as Security Trustee for the Secured Parties / (As Defined in the Instrument)
A registered charge1 property06/09/2024
outstanding
Ares Management (As Security Trustee for Itself and the Other Secured Parties (as Defined in the Instrument))
Ares Management Limited (As Security Trustee for Itself and the Other Secured Parties (as Defined in the Instrument))
A registered charge24/12/2021
satisfied
Barclays
Barclays Bank PLC
Debenture1 property15/03/200709/07/2021
satisfied
Barclays
Barclays Bank PLC
Debenture1 property22/09/200609/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (138 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
accounts-with-accounts-type-small
accounts · AA
2025-09-26
appoint-person-director-company-with-name-date
officers · AP01
2025-04-03
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-small
accounts · AA
2024-12-06
change-person-director-company-with-change-date
officers · CH01
2024-11-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-small
accounts · AA
2023-12-16
accounts-with-accounts-type-small
accounts · AA
2023-02-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-04
capital-name-of-class-of-shares
capital · SH08
2022-12-07
capital-variation-of-rights-attached-to-shares
capital · SH10
2022-12-07
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-08-09