ALEXANDER STEEL LIMITED

🌳Matureactive

05316200 · ltd · incorporated 2004-12-17

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

76/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 38320

Sector: Water supply & waste

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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

Confirmed no charges registered

Directors & officers

7 officers (2 active, 7 linked, 3 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

68 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-30
Total assets	—	£903.8k
Current assets	—	£689.6k
Cash	—	£318.6k
Debtors	—	£65.0k
Net assets	—	£883.3k
Average employees	1100	—

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 confirmation-statement
• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-01-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
📄
change-person-director-company-with-change-date
officers · CH01
2023-07-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-15
📄
change-person-director-company-with-change-date
officers · CH01
2021-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-12-12
➕
LOWTHIAN, Daniel Peter appointed
director
2019-11-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-09-30
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-04-01
📄
change-person-director-company-with-change-date
officers · CH01
2019-04-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2012-11-01
➖
MSC SECRETARY LIMITED resigned
corporate-secretary
2005-05-24
➖
LOWTHIAN, Leonard resigned
secretary
2005-05-24
➕
MSC SECRETARY LIMITED appointed
corporate-secretary
2005-05-24
➖
LOWTHIAN, Susan resigned
director
2005-05-23
➕
LOWTHIAN, Leonard appointed
director
2004-12-21
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2004-12-21
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director
2004-12-17
🏢
Company incorporated
As ALEXANDER STEEL LIMITED
2004-12-17
➕
LOWTHIAN, Leonard appointed
secretary
2004-12-17
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2004-12-17
➕
LOWTHIAN, Susan appointed
director
2004-12-17
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director

Owner dependency

76/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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
Mr Leonard Lowthian Individual · British · DOB 09/1969 · age 57	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	17/12/2016

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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1 WAY RECYCLING LIMITED→ 06836934 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
7 ELECTRICAL ENERGY SOLUTIONS LTD→ 14322180 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
A.K.S. AIR CONDITIONING (HOLDINGS) LIMITED→ 14836817 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACC RENEWABLE ENERGY LTD→ 12734555 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
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AINTREE SCRAP RECYCLERS LIMITED→ 09740057 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ALL RUBBISH CLEARANCE LTD→ 15891533 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ALLGREEN ENERGY→ 13257195 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ALS METALS LTD→ 11079019 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
AMIANTE ABATEMENT SOLUTIONS LTD→ 15544657 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AMIANTO SERVICES LIMITED→ 08426593 · est 2013 · no financials extracted	—	—	—	—	13y	—	—

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

🔒Tailored diligence questions

6 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

Incorporated2004-12-17

Jurisdictionengland-wales

Primary SIC38320 — SIC 38320

Registered office

Unit 212 39 Fleet Street

Liverpool

L1 4AR

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-31

Last: 2025-12-17

Officers (2 active · 5 resigned)

LOWTHIAN, Daniel Peter→

director · ~27y · appointed 2019-12-12

View their other companies + combined net worth →

Active

LOWTHIAN, Leonard→

director · ~57y · appointed 2005-05-23

View their other companies + combined net worth →

Active

LOWTHIAN, Leonard→

secretary · appointed 2004-12-17 · resigned 2005-05-24

Resigned

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2004-12-17 · resigned 2004-12-21

Resigned

MSC SECRETARY LIMITED→

corporate-secretary · appointed 2005-05-24 · resigned 2012-11-01

Resigned

LOWTHIAN, Susan→

director · ~55y · appointed 2004-12-17 · resigned 2005-05-24

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2004-12-17 · resigned 2004-12-21

Resigned

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

Recent filings (68 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-20

change-person-director-company-with-change-date

officers · CH01

2026-01-19

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-12-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-08-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-05-03

change-person-director-company-with-change-date

officers · CH01

2024-01-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-07-18

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-01-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-12-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-07-13

change-person-director-company-with-change-date

officers · CH01

2022-06-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-12-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-09-30