BUTLERS WASTE MANAGEMENT LTD

💤Zombieactive
05116560 · ltd · incorporated 2004-04-30
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Oct 2025
Net worth
£353.8k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 20.8y

45/100
under pressure

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

  • · Oldest live charge is 20.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
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
74 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £353,849
Net assets shrinking
Down £4,332 YoY
Cash YoY
-35%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£131k
↓ 35% YoY
Net Worth
£354k
↓ 1.2% YoY
Current Assets
£291k
↓ 13% YoY
Current Liabilities
£0£89k£178k£268k£357k£446kOct 2023Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-312023-10-31
Total assets£585.3k£490.8k£606.6k
Current assets£290.9k£334.2k£445.9k
Cash£131.3k£202.2k£246.5k
Debtors£159.6k£132.0k£199.4k
Net assets£353.8k£358.2k£417.4k

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
1
filing
  • 1 accounts
Last 90 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-02-17
    BUTLER, Clifford resigned
    director
  5. 2024-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-03-15
    BUTLER, Kevin appointed
    director
  9. 2022-02-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2020-02-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2019-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-06-26
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2019-06-17
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  17. 2019-06-17
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2019-06-13
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  19. 2019-06-13
    📄
    capital-name-of-class-of-shares
    capital · SH08
  20. 2019-06-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2005-10-06
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  22. 2004-05-05
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  23. 2004-05-05
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  24. 2004-04-30
    🏢
    Company incorporated
    As BUTLERS WASTE MANAGEMENT LTD
  25. 2004-04-30
    BUTLER, Anne appointed
    secretary
  26. 2004-04-30
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  27. 2004-04-30
    BUTLER, Clifford appointed
    director
  28. 2004-04-30
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "BUTLER" — strong identity link between founder and business.

Succession & seller-readiness

55/100
Strong succession signal

Multiple 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Butlers Waste Management Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Butlers Waste Management Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BUTLERS WASTE MANAGEMENT LTD
This company · 05116560

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
Butlers Waste Management Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/12/2019
2 historic (ceased) PSCs
  • Mr Clifford Butlerceased 01/12/2019· 50-75% shares · 50-75% voting
  • Mrs Anne Butlerceased 01/12/2018· 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 →

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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
Incorporated2004-04-30
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Ebenezer House
Ryecroft
Newcastle
Staffs
ST5 2BE

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-05-14
Last: 2026-04-30

Officers (2 active · 3 resigned)

BUTLER, Anne
secretary · appointed 2004-04-30
View their other companies + combined net worth →
Active
BUTLER, Kevin
director · ~51y · appointed 2023-03-15
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD
corporate-nominee-secretary · appointed 2004-04-30 · resigned 2004-05-05
Resigned
BUTLER, Clifford
director · ~75y · appointed 2004-04-30 · resigned 2025-02-17
Resigned
FORM 10 DIRECTORS FD LTD
corporate-nominee-director · appointed 2004-04-30 · resigned 2004-05-05
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property06/10/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (74 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-10
termination-director-company-with-name-termination-date
officers · TM01
2025-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
appoint-person-director-company-with-name-date
officers · AP01
2023-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-30