IVER RECYCLING LIMITED
Opportunity 73/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 20.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover 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 | 800 | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 address
- • 1 address
- • 1 address
- • 1 accounts
Corporate timeline (31 events)Click to expand
- 2026-07-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-09🔓Charge satisfied #3
- 2026-01-09🔓Charge satisfied #2
- 2026-01-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-13➕BREWSTER, Matthew appointeddirector
- 2023-10-13➖JAYADEVAN, Rajasingham resigneddirector
- 2023-10-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-12-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-26➖CLARK, Kenneth resignedsecretary
- 2021-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-11➖PAYNE, Roy Charles resigneddirector
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-01-30🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2007-02-17🔓Charge satisfied #1
- 2006-12-04🔒Charge registered #2Lender: Barclays Bank PLC
- 2006-01-25🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-05-19➕PAYNE, Roy Charles appointeddirector
- 2001-02-20🏢Company incorporatedAs IVER RECYCLING LIMITED
- 2001-02-20➕CLARK, Kenneth appointedsecretary
- 2001-02-20➕JAYADEVAN, Rajasingham appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Susan Payne Individual · British · DOB 12/1952 · age 74 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 24/02/2023 |
1 historic (ceased) PSC
- Mr Roy Charles Payneceased 11/04/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 30/01/2019 | 09/01/2026 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 04/12/2006 | 09/01/2026 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 25/01/2006 | 17/02/2007 |