EXPRESS POLYMERS (EUROPE) LIMITED
💤Zombieactive
06018327 · ltd · incorporated 2006-12-04
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 Dec 2024
Net worth
£127.3k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 77/100 (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 19.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 105 (micro)Positive net assets
Net assets £127,258
Net assets shrinking
Down £69,312 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£127k
↓ 35% YoY
Current Assets
£229k
↓ 9.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £127.3k | £196.6k |
| Current assets | £229.1k | £252.5k |
| Net assets | £127.3k | £196.6k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-05-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-09📄capital-allotment-sharescapital · SH01
- 2023-09-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-10-29➖ATLEY, Stanley Thomas resignedsecretary
- 2022-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2013-12-13🔓Charge satisfied #1
- 2007-05-24🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2006-12-04🏢Company incorporatedAs EXPRESS POLYMERS (EUROPE) LIMITED
- 2006-12-04➕ATLEY, Leigh Grant appointeddirector
- 2006-12-04➕ATLEY, Stanley Thomas appointedsecretary
- 2006-12-04➕BRISTOL LEGAL SERVICES LIMITED appointedcorporate-secretary
- 2006-12-04➖BRISTOL LEGAL SERVICES LIMITED resignedcorporate-secretary
- 2006-12-04➕BOURSE NOMINEES LIMITED appointedcorporate-director
- 2006-12-04➖BOURSE NOMINEES LIMITED resignedcorporate-director
Owner dependency
85/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
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.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
cleanNo 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 Leigh Grant Atley Individual · British · DOB 01/1971 · age 55 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Energy & utilities · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| COTSWOLD REFRIGERATION LTD→ 15091921 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ECOTRICITY (HECK FEN SOLAR) LIMITED→ 13225224 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| EV FUTURE SOLUTIONS LTD→ 13059715 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| EVENT WATER LTD→ 10545810 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| EWATERSERVICES LIMITED→ 12597109 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FEN DITTON SOLAR AND BATTERY STORAGE LIMITED→ 15334048 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FEN FARM WIND PARK LIMITED→ 05416570 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| FLH WASTE SOLUTIONS LTD→ 14439533 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FOD WASTE CLEARANCE LIMITED→ 16566883 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOREST ESTATE HYDRO LIMITED→ 07988396 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| FORWARD RENEWABLES LTD→ 13717340 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FUSION 66 ELECTRICAL LIMITED→ 10035393 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2006-12-04
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
17 Magdalen Road
Tetbury
GL8 8LG
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21
Officers (1 active · 3 resigned)
ATLEY, Leigh Grant→
Activedirector · ~55y · appointed 2006-12-04
View their other companies + combined net worth →
ATLEY, Stanley Thomas→
Resignedsecretary · appointed 2006-12-04 · resigned 2022-10-29
BRISTOL LEGAL SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2006-12-04 · resigned 2006-12-04
BOURSE NOMINEES LIMITED→
Resignedcorporate-director · appointed 2006-12-04 · resigned 2006-12-04
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 Commercial Finance Limited | Debenture | 1 property | 24/05/2007 | 13/12/2013 |
Recent filings (64 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-22
capital-allotment-shares
capital · SH01
2023-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-18
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-15