B.F.A. RECYCLING LIMITED

🌳Matureactive

05243221 · ltd · incorporated 2004-09-28

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 17.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£4.19M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 38320

Sector: Water supply & waste

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 17.2y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 17.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

7 officers (5 active, 7 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

72 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £4,190,961

Net assets shrinking

Down £109,690 YoY

Cash YoY

+19%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.1m

↑ 19% YoY

Net Worth

£4.2m

↓ 2.6% YoY

Current Assets

£2.0m

↑ 21% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£4.85M	£4.88M
Current assets	£2.02M	£1.67M
Cash	£1.15M	£963.5k
Debtors	£685.8k	£554.4k
Net assets	£4.19M	£4.30M

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-24
📄
accounts-with-accounts-type-medium
accounts · AA
2024-11-20
📄
accounts-with-accounts-type-medium
accounts · AA
2023-12-11
📄
accounts-with-accounts-type-full
accounts · AA
2023-09-05
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-05
📄
change-person-director-company-with-change-date
officers · CH01
2023-05-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-22
➕
HALEY, Lauren appointed
director
2023-05-22
➕
HALEY, Sam appointed
director
2023-05-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-04-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-10
📄
change-person-director-company-with-change-date
officers · CH01
2021-09-10
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2018-12-18
📄
accounts-with-accounts-type-full
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-small
accounts · AA
2014-10-13
🔒
Charge registered #3
Lender: Lloyds Bank PLC
2009-03-04
🔒
Charge registered #2
Lender: Lloyds Tsb Bank PLC
2009-03-04
🔒
Charge registered #1
Lender: Lloyds Tsb Bank PLC
2005-04-01
➕
HOLDER, Daniel appointed
director
2004-09-28
🏢
Company incorporated
As B.F.A. RECYCLING LIMITED
2004-09-28
➕
HALEY, Karen appointed
secretary
2004-09-28
➕
HALEY, Terry appointed
director
2004-09-28
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
2004-09-28
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
2004-09-28
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
2004-09-28
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — HALEY, Lauren (same surname) appointed 2023-05-22. Pattern consistent with intra-family handover.
primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

clean

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Terry Haley Individual · British · DOB 03/1958 · age 68	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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Company details

Statusactive

Typeltd

Incorporated2004-09-28

Jurisdictionengland-wales

Primary SIC38320 — SIC 38320

Registered office

55 Loudoun Road

London

NW8 0DL

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-12

Last: 2025-09-28