GILLETT ENVIRONMENTAL LTD

🌳Matureactive

06740061 · ltd · incorporated 2008-11-03

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 Mar 2025

Net worth

£1.08M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 38210

Sector: Water supply & waste

Investor take

Pursue

Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -49% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 11.4y

30/100

under pressure

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

· Oldest live charge is 11.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

4 officers (3 active, 4 linked, 4 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,084,138

Cash draining

Cash down 49% YoY

Cash YoY

-49%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£237k

↓ 49% YoY

Net Worth

£1.1m

↑ 5.2% YoY

Current Assets

£1.5m

↑ 1.1% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.75M	£1.86M
Current assets	£1.50M	£1.49M
Cash	£237.1k	£462.3k
Debtors	£1.27M	£1.03M
Net assets	£1.08M	£1.03M

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-12-10
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-18
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-20
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-12-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-12-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-12-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-12-06
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-06
📄
change-person-director-company-with-change-date
officers · CH01
2021-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-01-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2021-01-12
📄
gazette-notice-compulsory
gazette · GAZ1
2017-02-24
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2017-01-23
➕
GILLETT, Andrew David Thomas appointed
director
2016-10-17
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2015-03-06
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2014-03-11
➕
GILLETT, Joseph appointed
director
2008-11-04
➖
JACOBS, Yomtov Eliezer resigned
director
2008-11-03
🏢
Company incorporated
As GILLETT ENVIRONMENTAL LTD
2008-11-03
➕
GILLETT, Andrew Thomas appointed
director
2008-11-03
➕
JACOBS, Yomtov Eliezer appointed
director

Owner dependency

98/100

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

+Founder name in company name: Company name contains director surname "GILLETT" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 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.)

Group structure

Gillett Group Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Gillett Group Holdings Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

GILLETT ENVIRONMENTAL LTD

This company · 06740061

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
Gillett Group Holdings Ltd Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	29/04/2020

1 historic (ceased) PSC

Mr Andrew Thomas Gillettceased 29/04/2020· 50-75% shares · 50-75% voting

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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FM WASTE LIMITED→ 11343959 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
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IDATA DESTRUCTION LTD→ 06752938 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
INDUSTRIAL DECONTAMINATION SERVICES (UK) LTD→ 17078464 · est 2026 · no financials extracted	—	—	—	—	—	—	—
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2008-11-03

Jurisdictionengland-wales

Primary SIC38210 — SIC 38210

Registered office

Shorrock House 1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-07-14

Last: 2026-06-30

Officers (3 active · 1 resigned)

GILLETT, Andrew David Thomas→

director · ~46y · appointed 2017-01-23

View their other companies + combined net worth →

Active

GILLETT, Andrew Thomas→

director · ~69y · appointed 2008-11-03

View their other companies + combined net worth →

Active

GILLETT, Joseph→

director · ~38y · appointed 2014-03-11

View their other companies + combined net worth →

Active

JACOBS, Yomtov Eliezer→

director · ~56y · appointed 2008-11-03 · resigned 2008-11-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	HSBC Hsbc Bank PLC	A registered charge	1 property	24/02/2017	—
outstanding	National Westminster Bank National Westminster Bank PLC	A registered charge	1 property	17/10/2016	—
outstanding	National Westminster Bank National Westminster Bank PLC	A registered charge	—	06/03/2015	—

Click column headers to sort. Use filters above to narrow by status and lender.