99P RECYCLING LIMITED

💤Zombieactive

06090301 · ltd · incorporated 2007-02-08

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 Mar 2025

Net worth

—

book net assets

Opportunity

77/100

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 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 4.5y

35/100

under pressure

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

· Charge age ~4.5 years — mid-life; refi window approaching.
· 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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

9 officers (2 active, 9 linked, 7 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

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

100

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 · FRS 102

Metric	2025-03-30	2024-03-30
Average employees	12	800

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

filing

• 1 address

Last 180 days

filings

• 1 address
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-02-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-03-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-18
📄
change-person-director-company-with-change-date
officers · CH01
2024-03-18
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-13
🔓
Charge satisfied #1
2023-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-05
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2021-10-31
➖
FLAHERTY, Mark resigned
director
2021-10-01
➕
FLAHERTY, Mark appointed
director
2021-01-12
📄
capital-allotment-shares
capital · SH01
2020-12-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-04-20
➖
XIONG, Yu, Prof resigned
director
2019-11-29
➕
XIONG, Yu, Prof appointed
director
2009-02-16
➕
LI, Ming Yuan appointed
secretary
2009-02-16
➖
GENG, Ruichen resigned
secretary
2007-11-01
➕
WU, Xiachen appointed
director
2007-11-01
➖
GENG, Ruichen resigned
director
2007-11-01
➖
LI, Jun resigned
director
2007-11-01
➖
LI, Mingyuan resigned
director
2007-09-13
➖
PAN, Yi resigned
director
2007-02-08
🏢
Company incorporated
As 99P RECYCLING LIMITED
2007-02-08
➕
GENG, Ruichen appointed
secretary
2007-02-08
➕
GENG, Ruichen appointed
director
2007-02-08
➕
LI, Jun appointed
director
2007-02-08
➕
LI, Mingyuan appointed
director
2007-02-08
➕
PAN, Yi appointed
director

Owner dependency

85/100

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.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100

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.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Mingyuan Li Individual · British · DOB 10/1977 · age 49	25–50%	25–50%	25-50% shares · 25-50% voting	01/11/2018
Mrs Xiachen Wu Individual · British · DOB 07/1984 · age 42	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	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

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161 DRAINAGE LTD→ 13566354 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
360 ENERGY SERVICES LTD→ 15622548 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
37 DEGREES CLIMATE CONTROL LIMITED→ 11783200 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
A D E WASTE MANAGEMENT SERVICES LIMITED→ 11036923 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
A N U UTILITIES LTD→ 13273882 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
A.J.MAN & VAN LTD→ 12677157 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AA REMOVALS LTD→ 15194568 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ABBA DELIGHT LIMITED→ 16929556 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ABBEY SKIP HIRE LTD→ 07499819 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
ABC FINANCIAL LTD→ 15996395 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ABLE GAS HEATING LTD→ 10366249 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
AC AND VENT SOLUTIONS LIMITED→ 14383983 · est 2022 · no financials extracted	—	—	—	—	3y	—	—

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

Incorporated2007-02-08

Jurisdictionengland-wales

Primary SIC38320 — SIC 38320

Registered office

Ivy Mill Business Center, 2/13 Crown Street

Failsworth

Manchester

M35 9BG

England

Filing status

Accounts

Next due: 2026-12-30

Last made up to: 2025-03-30

Confirmation statement

Next due: 2026-09-27

Last: 2025-09-13

Officers (2 active · 7 resigned)

LI, Ming Yuan→

secretary · appointed 2009-02-16

View their other companies + combined net worth →

Active

WU, Xiachen→

director · ~42y · appointed 2007-11-01

View their other companies + combined net worth →

Active

GENG, Ruichen→

secretary · appointed 2007-02-08 · resigned 2009-02-16

Resigned

FLAHERTY, Mark→

director · ~42y · appointed 2021-10-01 · resigned 2021-10-31

Resigned

GENG, Ruichen→

director · ~45y · appointed 2007-02-08 · resigned 2007-11-01

Resigned

LI, Jun→

director · ~54y · appointed 2007-02-08 · resigned 2007-11-01

Resigned

LI, Mingyuan→

director · ~49y · appointed 2007-02-08 · resigned 2007-11-01

Resigned

PAN, Yi→

director · ~43y · appointed 2007-02-08 · resigned 2007-09-13

Resigned

XIONG, Yu, Prof→

director · ~45y · appointed 2019-11-29 · resigned 2020-04-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	National Westminster Bank National Westminster Bank PLC	A registered charge	—	05/11/2021	13/06/2023

Recent filings (73 total)

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

address · AD01

2026-02-05

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

accounts · AA

2025-12-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-18

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

accounts · AA

2025-02-12

change-account-reference-date-company-previous-shortened

accounts · AA01

2024-11-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-20

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

persons-with-significant-control · PSC04

2024-03-19

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

persons-with-significant-control · PSC04

2024-03-18

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

address · AD01

2024-03-18

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

officers · CH01

2024-03-18

change-person-secretary-company-with-change-date

officers · CH03

2024-03-18

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

accounts · AA

2023-12-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-27

mortgage-satisfy-charge-full

mortgage · MR04

2023-06-13

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

accounts · AA

2023-03-31