ADVANCED RECYCLING SYSTEMS LIMITED
💤Zombieactive
04741596 · ltd · incorporated 2003-04-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 68/100 (strong), bankability 55/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
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
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-01-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01➖HATTAM, Brian resigneddirector
- 2025-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-17📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-17📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-28📄capital-allotment-sharescapital · SH01
- 2021-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-25➕HATTAM, Brian appointeddirector
- 2017-09-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-04-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-04-24➕HATTAM, Eilleen Mary appointeddirector
- 2012-04-24➖HATTAM, Brian resigneddirector
- 2003-04-23🏢Company incorporatedAs ADVANCED RECYCLING SYSTEMS LIMITED
- 2003-04-23➕HATTAM, Eileen Mary appointedsecretary
- 2003-04-23➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-04-23➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-04-23➕HATTAM, Brian appointeddirector
- 2003-04-23➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
- 2003-04-23➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
Owner dependency
90/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
Succession & seller-readiness
93/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 years.
- 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 ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-04-30
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Brian Hattam Individual · British · DOB 08/1936 · age 90 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 05/05/2022 |
Mrs Eileen Mary Hattam Individual · British · DOB 03/1942 · age 84 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 8088 AUTOMOTIVE LTD→ 15390718 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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| ADD INDUSTRIES LIMITED→ 04712012 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AECS-QUIKPREP LIMITED→ 03694259 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| AESC WORKSHOPS LTD→ 17112864 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AFFINA MARINE LTD→ 05580986 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AFRIK MINING CONSULTANTS LIMITED→ 16987514 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALBION RAPTURE LTD→ 16364362 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2003-04-23
Jurisdictionengland-wales
Primary SIC28990 — SIC 28990
Registered office
Aldabra
30 Tehidy Close
Camborne
Cornwall
TR14 0HL
Filing status
Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23
Officers (2 active · 4 resigned)
HATTAM, Eileen Mary→
Activesecretary · appointed 2003-04-23
View their other companies + combined net worth →
HATTAM, Eilleen Mary→
Activedirector · ~84y · appointed 2012-04-24
View their other companies + combined net worth →
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-04-23 · resigned 2003-04-23
HATTAM, Brian→
Resigneddirector · ~90y · appointed 2017-09-25 · resigned 2025-10-01
HATTAM, Brian→
Resigneddirector · ~90y · appointed 2003-04-23 · resigned 2012-04-24
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-04-23 · resigned 2003-04-23
Click a director name to see their full track record across all companies.
Recent filings (60 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-24
change-person-director-company-with-change-date
officers · CH01
2024-04-17
change-person-secretary-company-with-change-date
officers · CH03
2024-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-05-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
capital-allotment-shares
capital · SH01
2021-06-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-10