GLJ RECYCLING LIMITED
Opportunity 70/100 (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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).
Refinance opportunity
7 live charges · 5 lenders · oldest 18.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Profit before tax | £158.1k | £178.5k |
| Average employees | 3800 | 3400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 signals 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
Corporate timeline (28 events)Click to expand
- 2025-05-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-05📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-10-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-11🔒Charge registered #7Lender: Hsbc UK Bank PLC
- 2022-09-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-27🔒Charge registered #6Lender: Hsbc Invoice Finance (UK) LTD
- 2022-07-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-27🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2022-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-26🔓Charge satisfied #2
- 2021-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2020-09-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-06-03📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-11📄accounts-with-accounts-type-fullaccounts · AA
- 2018-05-31📄accounts-with-accounts-type-fullaccounts · AA
- 2017-06-08📄accounts-with-accounts-type-fullaccounts · AA
- 2016-12-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-12-08🔒Charge registered #4Lender: Hsbc Bank PLC
- 2014-01-29🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2012-10-02🔓Charge satisfied #1
- 2012-06-12🔒Charge registered #2Lender: National Westminster Bank PLC
- 2011-09-06➖JONES, Pauline Ann resignedsecretary
- 2007-12-03🔒Charge registered #1Lender: Hsbc Bank PLC
- 2007-08-17🏢Company incorporatedAs GLJ RECYCLING LIMITED
- 2007-08-17➕JONES, Gareth Lyndon appointeddirector
- 2007-08-17➕JONES, Pauline Ann appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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
1 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Ej Industries Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ej Industries Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 17/08/2016 |
Mr Gareth Lyndon Jones Individual · British · DOB 06/1983 · age 43 | — | — | sig. influencesignificant influence | 17/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 11/10/2022 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 27/09/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 27/06/2022 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/12/2016 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | 1 property | 29/01/2014 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 12/06/2012 | 26/04/2022 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 03/12/2007 | 02/10/2012 |