ACTIVE DRAINAGE LIMITED

🌳Matureactive
04741047 · ltd · incorporated 2003-04-22
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Other cleaning services
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2025-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-05-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-05-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-11-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2003-04-22
    🏢
    Company incorporated
    As ACTIVE DRAINAGE LIMITED
  17. 2003-04-22
    ➕
    CORDERY, Olivia Teresa appointed
    secretary
  18. 2003-04-22
    ➕
    CORDERY, Olivia Teresa appointed
    director
  19. 2003-04-22
    ➕
    MCKENZIE, Michael Iain appointed
    director
  20. 2003-04-22
    ➕
    LONDON LAW SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  21. 2003-04-22
    ➖
    LONDON LAW SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  22. 2003-04-22
    ➕
    LONDON LAW SERVICES LIMITED appointed
    corporate-nominee-director
  23. 2003-04-22
    ➖
    LONDON LAW SERVICES LIMITED resigned
    corporate-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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

91/100
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 80 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-28

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Olivia Teresa Corderey
Individual · British · DOB 01/1946 · age 80
25–50%
25–50%board control25-50% shares · 25-50% voting · board control04/05/2017
Michael Iain Mckenzie
Individual · British · DOB 11/1962 · age 64
25–50%
25–50%board control25-50% shares · 25-50% voting · board control04/05/2017

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

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 →
🔒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
Incorporated2003-04-22
Jurisdictionengland-wales
Primary SIC81299 — Other cleaning services

Registered office

22 Hills View
Barnstaple
Devon
EX32 8BN

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-28OVERDUE
Last: 2025-05-14

Officers (3 active · 2 resigned)

CORDERY, Olivia Teresa→
secretary · appointed 2003-04-22
View their other companies + combined net worth →
Active
CORDERY, Olivia Teresa→
director · ~80y · appointed 2003-04-22
View their other companies + combined net worth →
Active
MCKENZIE, Michael Iain→
director · ~64y · appointed 2003-04-22
View their other companies + combined net worth →
Active
LONDON LAW SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 2003-04-22 · resigned 2003-04-22
Resigned
LONDON LAW SERVICES LIMITED→
corporate-nominee-director · appointed 2003-04-22 · resigned 2003-04-22
Resigned

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

Recent filings (59 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-26
change-person-secretary-company-with-change-date
officers · CH03
2025-09-06
change-person-director-company-with-change-date
officers · CH01
2025-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-15