FULCRUM PIPELINES LIMITED
🌳Matureactive
06006362 · ltd · incorporated 2006-11-22
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 35220
Sector: Electricity, gas & energy
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
8 live charges · 6 lenders · oldest 13.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
25 officers (3 active, 25 linked, 15 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
145 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 address
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (77 events)Click to expand
- 2026-01-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-29📄accounts-with-accounts-type-fullaccounts · AA
- 2025-10-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-10🔒Charge registered #8Lender: Bayford & Co LTD (As Security Trustee)
- 2025-04-02📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-08-18📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-25🔒Charge registered #7Lender: Bayford & Co LTD
- 2024-03-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-28🔒Charge registered #6Lender: Lloyds Bank PLC
- 2023-10-26📄accounts-with-accounts-type-fullaccounts · AA
- 2023-08-15📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-07-27📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2023-04-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-05🔒Charge registered #5Lender: Bayford & Co LTD as Security Agent
- 2023-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-09📄memorandum-articlesincorporation · MA
- 2022-12-09📄resolutionresolution · RESOLUTIONS
- 2022-12-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-02🔒Charge registered #4Lender: Bayford & Co LTD as Security Agent
- 2022-11-30➕FULCRUM UTILITY SERVICES LIMITED appointedcorporate-director
- 2022-11-30📄appoint-corporate-director-company-with-name-dateofficers · AP02
- 2022-03-31➖CUTLER, Jennifer Louise resigneddirector
- 2022-03-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-30➕JAGER, Jonathan appointeddirector
- 2022-03-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-24➖DUGDALE, Terry Michael resigneddirector
- 2021-10-28📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-10➕CUTLER, Jennifer Louise appointeddirector
- 2021-01-05➖HARRIS, Daren resigneddirector
- 2020-12-01🔒Charge registered #3Lender: Lloyds Bank PLC
- 2019-09-30➖HARRISON, Martin John resigneddirector
- 2019-07-01➕DUGDALE, Terry Michael appointeddirector
- 2019-06-30➖GRIFFITHS, Hazel Jayne resigneddirector
- 2019-06-24➕HARRIS, Daren appointeddirector
- 2019-03-20➖FOSTER, Ian resigneddirector
- 2019-03-20➕GRIFFITHS, Hazel Jayne appointeddirector
- 2017-08-01➕FOSTER, Ian appointeddirector
- 2017-07-31➖DONNACHIE, Martin Thomas resigneddirector
- 2016-02-08🔓Charge satisfied #1
- 2014-12-11➕HARRISON, Martin John appointeddirector
- 2014-06-03➖WATTS, Mark Irvine John resigneddirector
- 2014-01-28➖GREEN, Marcus Conrad resigneddirector
- 2013-10-08➕DONNACHIE, Martin Thomas appointeddirector
- 2013-06-28🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2013-05-21➖SPELLMAN, John Ashley resigneddirector
- 2013-01-29🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2011-03-25➕GREEN, Marcus Conrad appointeddirector
- 2011-03-18➖CLARKE, Paul Lee resigneddirector
Showing most recent 50 of 77 events
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 low7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Fulcrum Utility Assets Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Fulcrum Utility Assets Limited
Corporate parent · holds 75-100% shares · board control
⬇
FULCRUM PIPELINES LIMITED
This company · 06006362
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 |
|---|---|---|---|---|
Fulcrum Utility Assets Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/11/2020 |
2 historic (ceased) PSCs
- Fulcrum Utility Investments Limitedceased 12/11/2020· 75-100% shares · 75-100% voting · board control
- Fulcrum Utility Services Limitedceased 06/04/2016· 75-100% shares · 75-100% voting · significant influence
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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|---|---|---|---|---|---|---|---|
| ENVIROTECH INDUSTRIES LIMITED→ 06895308 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| EQUIP SOLUTIONS LTD→ 16170731 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ERRIS DRAINAGE REPAIRS LTD→ 15598661 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EVOLVE PROJECT DEVELOPMENTS LTD→ 15455587 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EYREFORCE REMOVALS & LOGISTICS LTD→ 15338778 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FAWKES RECYCLING NATIONAL LIMITED→ 17071034 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FIRST CHOICE AIR CONDITIONING LIMITED→ 10950222 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FULL CIRCLE PACKAGING LIMITED→ 09671014 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| FURY ENERGY LTD→ 12420605 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| FURY POWER LIMITED→ 12420884 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| GEOFFREY RIPLEY & SON BUS & COACH SALES LTD→ 06346797 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| GLASS RECYCLING (UK) COLLECTIONS LIMITED→ 10474139 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2006-11-22
Jurisdictionengland-wales
Primary SIC35220 — SIC 35220
Registered office
4 Europa Court
Europa Court
Sheffield
S9 1XE
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09
Officers (3 active · 22 resigned)
TMF CORPORATE ADMINISTRATION SERVICES LIMITED→
Activecorporate-secretary · appointed 2010-10-29
View their other companies + combined net worth →
JAGER, Jonathan→
Activedirector · ~53y · appointed 2022-03-30
View their other companies + combined net worth →
FULCRUM UTILITY SERVICES LIMITED→
Activecorporate-director · appointed 2022-11-30
View their other companies + combined net worth →
BAKER, Helen Alice→
Resignedsecretary · appointed 2006-11-22 · resigned 2007-11-09
COCKBURN, Emma Suzanne→
Resignedsecretary · appointed 2007-10-19 · resigned 2008-09-26
DURRANT, Andrew Peter→
Resignedsecretary · appointed 2006-11-22 · resigned 2007-10-19
FORWARD, David Charles→
Resignedsecretary · appointed 2007-11-09 · resigned 2010-07-08
RAYNER, Heather Maria→
Resignedsecretary · appointed 2008-09-26 · resigned 2010-07-08
MAWLAW SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2010-07-08 · resigned 2010-10-29
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-11-22 · resigned 2006-11-22
CLARKE, Paul Lee→
Resigneddirector · ~59y · appointed 2010-08-24 · resigned 2011-03-18
CUTLER, Jennifer Louise→
Resigneddirector · ~49y · appointed 2021-03-10 · resigned 2022-03-31
DONNACHIE, Martin Thomas→
Resigneddirector · ~57y · appointed 2013-10-08 · resigned 2017-07-31
DUGDALE, Terry Michael→
Resigneddirector · ~53y · appointed 2019-07-01 · resigned 2022-01-24
FOSTER, Ian→
Resigneddirector · ~60y · appointed 2017-08-01 · resigned 2019-03-20
GREEN, Marcus Conrad→
Resigneddirector · ~55y · appointed 2011-03-25 · resigned 2014-01-28
GRIFFITHS, Hazel Jayne→
Resigneddirector · ~44y · appointed 2019-03-20 · resigned 2019-06-30
HARRIS, Daren→
Resigneddirector · ~62y · appointed 2019-06-24 · resigned 2021-01-05
HARRISON, Martin John→
Resigneddirector · ~57y · appointed 2014-12-11 · resigned 2019-09-30
MURRAY, Stephen John→
Resigneddirector · ~66y · appointed 2010-04-01 · resigned 2010-07-08
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
7
Outstanding
4
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bayford & Co (As Security Trustee) Bayford & Co LTD (As Security Trustee) | A registered charge | 1 property | 10/10/2025 | — | |
| outstanding | Bayford & Co Bayford & Co LTD | A registered charge | — | 25/04/2024 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 28/02/2024 | — | |
| outstanding | Bayford & Co as Security Agent Bayford & Co LTD as Security Agent | A registered charge | — | 05/04/2023 | — | |
| outstanding | Bayford & Co as Security Agent Bayford & Co LTD as Security Agent | A registered charge | — | 02/12/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 01/12/2020 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 28/06/2013 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Debenture | 1 property | 29/01/2013 | 08/02/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (145 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-16
accounts-with-accounts-type-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-15
change-account-reference-date-company-previous-extended
accounts · AA01
2025-04-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-10
accounts-with-accounts-type-full
accounts · AA
2024-08-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-full
accounts · AA
2023-10-26
change-sail-address-company-with-old-address-new-address
address · AD02
2023-08-15
change-corporate-secretary-company-with-change-date
officers · CH04
2023-07-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-06
accounts-with-accounts-type-full
accounts · AA
2023-01-06