AXION RECYCLING LTD.

🌳Matureactive
04322117 · ltd · incorporated 2001-11-14
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.9y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 18.9y

65/100
clean up first

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

  • · Oldest live charge is 18.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (40 events)Click to expand
  1. 2025-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-01
    📄
    legacy
    other · GUARANTEE2
  3. 2025-09-01
    📄
    legacy
    other · AGREEMENT2
  4. 2024-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-10-18
    📄
    legacy
    other · AGREEMENT2
  6. 2024-10-18
    📄
    legacy
    other · GUARANTEE2
  7. 2024-06-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-06-10
    HARRY, John Anthony resigned
    director
  9. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-09-25
    📄
    legacy
    other · GUARANTEE2
  11. 2023-09-25
    📄
    legacy
    other · AGREEMENT2
  12. 2022-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-10-01
    📄
    legacy
    other · AGREEMENT2
  14. 2022-10-01
    📄
    legacy
    other · GUARANTEE2
  15. 2021-10-15
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2021-10-15
    📄
    legacy
    accounts · PARENT_ACC
  17. 2021-10-15
    📄
    legacy
    other · GUARANTEE2
  18. 2021-10-15
    📄
    legacy
    other · AGREEMENT2
  19. 2021-02-26
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  20. 2021-02-19
    📄
    legacy
    accounts · PARENT_ACC
  21. 2021-02-19
    📄
    legacy
    other · AGREEMENT2
  22. 2019-02-28
    MORTON, Roger John resigned
    director
  23. 2018-06-20
    FREEGARD, Keith Martyn resigned
    secretary
  24. 2018-06-20
    FREEGARD, Keith Martin resigned
    director
  25. 2007-06-18
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  26. 2006-07-01
    HARRY, Charles Thomas appointed
    director
  27. 2006-07-01
    HARRY, Matthew Paul appointed
    director
  28. 2006-07-01
    HARRY, John Anthony appointed
    director
  29. 2004-04-07
    GOEL, Anil Kumar, Doctor resigned
    director
  30. 2003-06-30
    FREEGARD, Keith Martyn appointed
    secretary
  31. 2003-06-30
    MORTON, Emily Margaret resigned
    secretary
  32. 2002-05-08
    GOEL, Anil Kumar, Doctor appointed
    director
  33. 2002-01-01
    FREEGARD, Keith Martin appointed
    director
  34. 2001-11-14
    🏢
    Company incorporated
    As AXION RECYCLING LTD.
  35. 2001-11-14
    MORTON, Emily Margaret appointed
    secretary
  36. 2001-11-14
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 2001-11-14
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  38. 2001-11-14
    MORTON, Roger John appointed
    director
  39. 2001-11-14
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  40. 2001-11-14
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 25 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.)

Group structure

S. Norton & Co Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
S. Norton & Co Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
AXION RECYCLING LTD.
This company · 04322117

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
S. Norton & Co Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/06/2018

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.

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Company details

Statusactive
Typeltd
Incorporated2001-11-14
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320

Registered office

Bankfield House Bankfield Mill
Regent Road
Liverpool
L20 8RQ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01

Officers (2 active · 8 resigned)

HARRY, Charles Thomas
director · ~77y · appointed 2006-07-01
View their other companies + combined net worth →
Active
HARRY, Matthew Paul
director · ~76y · appointed 2006-07-01
View their other companies + combined net worth →
Active
FREEGARD, Keith Martyn
secretary · appointed 2003-06-30 · resigned 2018-06-20
Resigned
MORTON, Emily Margaret
secretary · appointed 2001-11-14 · resigned 2003-06-30
Resigned
TEMPLE SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2001-11-14 · resigned 2001-11-14
Resigned
FREEGARD, Keith Martin
director · ~67y · appointed 2002-01-01 · resigned 2018-06-20
Resigned
GOEL, Anil Kumar, Doctor
director · ~82y · appointed 2002-05-08 · resigned 2004-04-07
Resigned
HARRY, John Anthony
director · ~80y · appointed 2006-07-01 · resigned 2024-06-10
Resigned
MORTON, Roger John
director · ~66y · appointed 2001-11-14 · resigned 2019-02-28
Resigned
COMPANY DIRECTORS LIMITED
corporate-nominee-director · appointed 2001-11-14 · resigned 2001-11-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property18/06/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-01
legacy
other · GUARANTEE2
2025-09-01
legacy
other · AGREEMENT2
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-18
legacy
other · AGREEMENT2
2024-10-18
legacy
other · GUARANTEE2
2024-10-18
termination-director-company-with-name-termination-date
officers · TM01
2024-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
legacy
other · GUARANTEE2
2023-09-25
legacy
other · AGREEMENT2
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-01
legacy
other · AGREEMENT2
2022-10-01