CONVERT RECYCLING LTD
💤Zombieactive
04903084 · ltd · incorporated 2003-09-17
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 Sept 2024
Net worth
£50.0k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
ALSO REGISTERED FOR
- 82990Other business support service activities n.e.c.
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (69/100)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
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, 2 with DOB)
77
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £50,018
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£50k
↑ 22% YoY
Current Assets
£59k
↓ 3.2% YoY
Current Liabilities
—
Hover 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 |
|---|---|---|
| Total assets | £50.0k | £55.2k |
| Current assets | £59.3k | £61.3k |
| Net assets | £50.0k | £41.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (25 events)Click to expand
- 2025-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-28➕PRENTICE, Tracey appointedsecretary
- 2025-02-28📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-27➖PRENTICE, Lee Graham resignedsecretary
- 2024-12-27➖PRENTICE, Lee Graham resigneddirector
- 2024-09-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-11-05➕PRENTICE, Lee Graham appointeddirector
- 2003-09-17🏢Company incorporatedAs CONVERT RECYCLING LTD
- 2003-09-17➕PRENTICE, Tracey Ann appointeddirector
- 2003-09-17➕PRENTICE, Lee Graham appointedsecretary
- 2003-09-17➕MINGI RESOURCES LIMITED appointedcorporate-secretary
- 2003-09-17➖MINGI RESOURCES LIMITED resignedcorporate-secretary
- 2003-09-17➕LANDMARK FORMATIONS LIMITED appointedcorporate-director
- 2003-09-17➖LANDMARK FORMATIONS LIMITED resignedcorporate-director
Owner dependency
85/100
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.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 →Similar companies
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|---|---|---|---|---|---|---|---|
| BIN MAN LIMITED→ 14476288 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BLUE KITE RENEWABLE ENERGY SOLUTIONS LTD→ 15850084 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CEM PLUMBING LIMITED→ 13432248 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CHURCHILLS SERVICES LTD→ 12014428 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CITY DRAINS LIMITED→ 15501578 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CO2SENSE PANTYCELYN LIMITED→ 09714880 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| COBBLESTONE ENERGY LTD→ 10468940 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| COLD SERVICES LIMITED→ 15821916 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| COMMUNITY ENERGY TOGETHER LIMITED→ 13153678 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| COMPOSTATOR LTD→ 12889841 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| COPLEY SOLAR LIMITED→ 08407656 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| CPD WASTE REMOVAL LTD→ 15396183 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2003-09-17
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
24 Bellwood Road
Peckham
London
SE15 3DE
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22
Officers (2 active · 4 resigned)
Active
PRENTICE, Tracey Ann→
Activedirector · ~57y · appointed 2003-09-17
View their other companies + combined net worth →
PRENTICE, Lee Graham→
Resignedsecretary · appointed 2003-09-17 · resigned 2024-12-27
MINGI RESOURCES LIMITED→
Resignedcorporate-secretary · appointed 2003-09-17 · resigned 2003-09-17
PRENTICE, Lee Graham→
Resigneddirector · ~59y · appointed 2010-11-05 · resigned 2024-12-27
LANDMARK FORMATIONS LIMITED→
Resignedcorporate-director · appointed 2003-09-17 · resigned 2003-09-17
Click a director name to see their full track record across all companies.
Recent filings (56 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-20
appoint-person-secretary-company-with-name-date
officers · AP03
2025-02-28
termination-director-company-with-name-termination-date
officers · TM01
2025-02-28
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-30