BOURNE SKIP HIRE AND RECYCLING LIMITED
Opportunity 70/100 (strong), bankability 57/100. 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
7 live charges · 5 lenders · oldest 23.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.4 years old — likely at or near maturity.
- · 5 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 · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 4900 | 5100 |
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 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-31🔒Charge registered #7Lender: Lloyds Bank PLC
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-02-22🔒Charge registered #6Lender: Allica Bank Limited
- 2020-11-20📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-04-23🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2018-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-03-22➖CARTER, Claire Louise resigneddirector
- 2012-03-22➖SEGGIE, Norman Ronald resigneddirector
- 2009-03-20🔓Charge satisfied #2
- 2009-03-20🔓Charge satisfied #1
- 2009-03-13🔒Charge registered #4Lender: National Westminster Bank PLC
- 2009-01-30🔒Charge registered #3Lender: National Westminster Bank PLC
- 2007-05-30🔒Charge registered #2Lender: Hsbc Bank PLC
- 2003-01-12🔒Charge registered #1Lender: Hsbc Bank PLC
- 2002-10-01➕SEGGIE, Christopher Charles appointeddirector
- 2002-10-01➕CARTER, Claire Louise appointeddirector
- 2002-10-01➕SEGGIE, Norman Ronald appointeddirector
- 2002-09-29➕SEGGIE, Elizabeth Ann appointedsecretary
- 2002-09-29➖@UKPLC CLIENT SECRETARY LTD resignedcorporate-nominee-secretary
- 2002-09-29➖@UKPLC CLIENT DIRECTOR LTD resignedcorporate-nominee-director
- 2002-09-26🏢Company incorporatedAs BOURNE SKIP HIRE AND RECYCLING LIMITED
- 2002-09-26➕@UKPLC CLIENT SECRETARY LTD appointedcorporate-nominee-secretary
- 2002-09-26➕@UKPLC CLIENT DIRECTOR LTD appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Charles Seggie Individual · British · DOB 10/1977 · age 49 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
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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8 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 (2 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 31/03/2023 | — | |
| outstanding | Allica Bank Allica Bank Limited | A registered charge | 1 property | 22/02/2021 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 23/04/2019 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 13/03/2009 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 30/01/2009 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 30/05/2007 | 20/03/2009 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 12/01/2003 | 20/03/2009 |