FREELENDING CIC
🌳Matureactive
06749438 · ltd · incorporated 2008-11-14
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
—
year to Nov 2024
Net worth
£-464
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
ALSO REGISTERED FOR
- 63110Data processing, hosting and related activities
- 72200Research and experimental development on social sciences and humanities
- 77299Renting and leasing of other personal and household goods
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
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, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £464
Very low cash
Cash position: £88
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£88
~ YoY
Net Worth
-£464
~ YoY
Current Assets
£88
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-464 | £-461 |
| Current assets | £88 | £88 |
| Cash | £88 | £88 |
| Net assets | £-464 | £-461 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 gazette
- • 1 confirmation-statement
Last 180 days
7
filings
- • 5 address
- • 1 gazette
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-05-19📄gazette-notice-compulsorygazette · GAZ1
- 2026-04-07📍default-companies-house-service-address-applied-pscaddress · RP10
- 2026-04-07📍default-companies-house-service-address-applied-officeraddress · RP09
- 2026-04-07📍default-companies-house-service-address-applied-officeraddress · RP09
- 2026-04-07📍default-companies-house-service-address-applied-officeraddress · RP09
- 2026-04-07📍default-companies-house-registered-office-address-appliedaddress · RP05
- 2025-04-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-08-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-25📄gazette-notice-compulsorygazette · GAZ1
- 2022-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-11📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2019-09-11📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2019-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-11-14🏢Company incorporatedAs FREELENDING CIC
- 2008-11-14➕CROSLAND, Paul appointedsecretary
- 2008-11-14➕CROSLAND, Paul Edward appointeddirector
- 2008-11-14➕JOHNSON, Edmund Charles appointeddirector
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Edward Crosland Individual · British · DOB 08/1966 · age 60 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Edmund Charles Johnson Individual · British · DOB 09/1962 · age 64 | 25–50% | — | 25-50% 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
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|---|---|---|---|---|---|---|---|
| BRYDON ELECTRICAL LIMITED→ 11170354 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CARDIFF COOLING LIMITED→ 15535084 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CASTELL CLYD LTD→ 16177624 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CILFYNYDD BESS LIMITED→ 14469856 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CLEAN IT CARDIFF RUBBISH REMOVALS AND RECYCLING LTD→ 13381663 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CMS WASTE MANAGEMENT LIMITED→ 15421841 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| COEDCAE FARM ENERGY LIMITED→ 16549911 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CRISTAL WASHROOM SERVICES LTD→ 07359949 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CRUX CREW LTD→ 17093376 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CST ELECTRICAL & COOLING LIMITED→ 10855902 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| DANSCO UTILITIES LIMITED→ 11443619 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DARLOW LLOYD & SONS LIMITED→ 01132524 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2008-11-14
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
06749438 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-05-13
Last: 2026-04-29
Officers (3 active · 0 resigned)
Active
CROSLAND, Paul Edward→
Activedirector · ~60y · appointed 2008-11-14
View their other companies + combined net worth →
JOHNSON, Edmund Charles→
Activedirector · ~64y · appointed 2008-11-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (63 total)
gazette-notice-compulsory
gazette · GAZ1
2026-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-10
default-companies-house-service-address-applied-psc
address · RP10
2026-04-07
default-companies-house-service-address-applied-officer
address · RP09
2026-04-07
default-companies-house-service-address-applied-officer
address · RP09
2026-04-07
default-companies-house-service-address-applied-officer
address · RP09
2026-04-07
default-companies-house-registered-office-address-applied
address · RP05
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
gazette-filings-brought-up-to-date
gazette · DISS40
2023-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31