DRAIN TRACE LIMITED
💤Zombieactive
05098232 · ltd · incorporated 2004-04-07
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 Mar 2025
Net worth
£662.4k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
ALSO REGISTERED FOR
- 43290Other construction installation
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 85/100. 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).
🏦
Refinance opportunity
1 live charge · oldest 17.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
67 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £662,384
Cash YoY
+52%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£430k
↑ 52% YoY
Net Worth
£662k
↑ 17% YoY
Current Assets
£769k
↑ 25% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.18M | £1.23M |
| Current assets | £768.8k | £614.1k |
| Cash | £429.7k | £282.5k |
| Debtors | £339.1k | £331.6k |
| Net assets | £662.4k | £565.2k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-05-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-10-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-30➕BROADBENT, Nicholas Wesley appointeddirector
- 2021-07-30➖CARTER, Tracy resignedsecretary
- 2021-07-30➖CARTER, David resigneddirector
- 2021-07-30➖CARTER, Jordan Joseph resigneddirector
- 2021-07-30➖CARTER, Tracy resigneddirector
- 2021-07-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-07-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-07-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-07-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-04-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-03-01🔓Charge satisfied #1
- 2020-12-04➖STREETS, Karl Daniel resigneddirector
- 2020-12-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-06-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-12-13➕CARTER, Jordan Joseph appointeddirector
- 2018-12-13➕STREETS, Karl Daniel appointeddirector
- 2008-08-21🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2004-06-16➕CARTER, Tracy appointeddirector
- 2004-04-07🏢Company incorporatedAs DRAIN TRACE LIMITED
- 2004-04-07➕CARTER, Tracy appointedsecretary
- 2004-04-07➕CARTER, David appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
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.
- secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Broadbent West Yorkshire Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Broadbent West Yorkshire Ltd
Corporate parent · holds 75-100% shares · board control
⬇
DRAIN TRACE LIMITED
This company · 05098232
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Broadbent West Yorkshire Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/07/2021 |
2 historic (ceased) PSCs
- Mr David Robert Carterceased 30/07/2021· 25-50% shares · 25-50% voting · board control
- Mrs Tracy Carterceased 30/07/2021· 25-50% shares · 25-50% 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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 24/7 WASTEWATER MANAGEMENT LTD→ 14139305 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 36J GROUP LTD→ 15647275 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AVIORA DEVELOPMENTS LTD.→ 11364076 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BLACKTHORN RECYCLING LTD.→ 05186112 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BOWER SKIP HIRE LIMITED→ 06837426 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| CENTURY POWER LIMITED→ 15750726 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| COMMERCIAL WASTE CLEARANCE LTD→ 16260726 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CPH AIR LTD→ 12534349 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| DISTRIBUTION JOINTING SERVICES LTD→ 14422324 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ECOVIA ENERGY DEVELOPMENTS LTD→ 16334210 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ECOVIA ENERGY SOLUTIONS LTD→ 16886403 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FPWM LIMITED→ 08814338 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2004-04-07
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000
Registered office
Unit 1c Spa Fields Industrial Estate, New Street
Slaithwaite
Huddersfield
West Yorkshire
HD7 5BB
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05
Officers (1 active · 5 resigned)
BROADBENT, Nicholas Wesley→
Activedirector · ~43y · appointed 2021-07-30
View their other companies + combined net worth →
CARTER, Tracy→
Resignedsecretary · appointed 2004-04-07 · resigned 2021-07-30
CARTER, David→
Resigneddirector · ~61y · appointed 2004-04-07 · resigned 2021-07-30
CARTER, Jordan Joseph→
Resigneddirector · ~33y · appointed 2018-12-13 · resigned 2021-07-30
CARTER, Tracy→
Resigneddirector · ~60y · appointed 2004-06-16 · resigned 2021-07-30
STREETS, Karl Daniel→
Resigneddirector · ~38y · appointed 2018-12-13 · resigned 2020-12-04
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 21/08/2008 | 01/03/2021 |
Recent filings (67 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-10
termination-director-company-with-name-termination-date
officers · TM01
2021-07-30
termination-director-company-with-name-termination-date
officers · TM01
2021-07-30
termination-secretary-company-with-name-termination-date
officers · TM02
2021-07-30
appoint-person-director-company-with-name-date
officers · AP01
2021-07-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-07-30