CORNBROOK METAL RECYCLING LIMITED

💤Zombieactive
04979907 · ltd · incorporated 2003-12-01
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 Dec 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 38210
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38220SIC 38220
  • 45112SIC 45112
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 57). 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).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 20.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 20.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
77
Few red flags.
Signal strength
100
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees16001800

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-04-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-03-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-03-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-03-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  8. 2024-03-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-12-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2023-10-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2023-10-19
    🔓
    Charge satisfied #6
  17. 2023-10-19
    🔓
    Charge satisfied #5
  18. 2023-10-19
    🔓
    Charge satisfied #4
  19. 2023-10-19
    🔓
    Charge satisfied #3
  20. 2023-10-19
    🔓
    Charge satisfied #2
  21. 2023-10-19
    🔓
    Charge satisfied #1
  22. 2023-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2023-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2023-03-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  25. 2023-01-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  26. 2023-01-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  27. 2014-01-01
    ➕
    KAYES, Wendy Sandra appointed
    secretary
  28. 2013-05-01
    ➖
    KAYES, Wendy Sandra resigned
    secretary
  29. 2011-10-21
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  30. 2011-09-21
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  31. 2010-05-25
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  32. 2007-06-22
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  33. 2006-10-27
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  34. 2005-06-24
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  35. 2003-12-01
    🏢
    Company incorporated
    As CORNBROOK METAL RECYCLING LIMITED
  36. 2003-12-01
    ➕
    KAYES, Ian appointed
    director
  37. 2003-12-01
    ➕
    KAYES, Wendy Sandra appointed
    secretary
  38. 2003-12-01
    ➕
    A.C. SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  39. 2003-12-01
    ➖
    A.C. SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  40. 2003-12-01
    ➕
    A.C. DIRECTORS LIMITED appointed
    corporate-nominee-director
  41. 2003-12-01
    ➖
    A.C. DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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
  • +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

75/100
Likely off-market candidate

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

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.
  • secondaryStable-but-static management: Company is 23 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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Cornbrook Metal Recycling Holding Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Cornbrook Metal Recycling Holding Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
CORNBROOK METAL RECYCLING LIMITED
This company · 04979907

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
Cornbrook Metal Recycling Holding Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control28/04/2025
1 historic (ceased) PSC
  • Mr Ian James Kayesceased 28/04/2025· 75-100% shares · 75-100% voting · board control

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2003-12-01
Jurisdictionengland-wales
Primary SIC38210 — SIC 38210

Registered office

Capital House 272 Manchester Road
Droylsden
Manchester
M43 6PW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (2 active · 3 resigned)

KAYES, Wendy Sandra→
secretary · appointed 2014-01-01
View their other companies + combined net worth →
Active
KAYES, Ian→
director · ~57y · appointed 2003-12-01
View their other companies + combined net worth →
Active
KAYES, Wendy Sandra→
secretary · appointed 2003-12-01 · resigned 2013-05-01
Resigned
A.C. SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-12-01 · resigned 2003-12-01
Resigned
A.C. DIRECTORS LIMITED→
corporate-nominee-director · appointed 2003-12-01 · resigned 2003-12-01
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Debenture1 property21/10/201119/10/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property21/09/201119/10/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property25/05/201019/10/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property22/06/200719/10/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property27/10/200619/10/2023
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property24/06/200519/10/2023

Recent filings (89 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-small
accounts · AA
2024-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-full
accounts · AA
2024-03-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-01
change-person-secretary-company-with-change-date
officers · CH03
2024-03-01
change-person-director-company-with-change-date
officers · CH01
2024-03-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-07
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-19