A J T RECYCLING LIMITED

💤Zombieactive
07180962 · ltd · incorporated 2010-03-06
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Nov 2025
Net worth
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 46770
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 11.6y

45/100
under pressure

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

  • · Oldest live charge is 11.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (86/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
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
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Nov 2023Nov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-11-302024-11-302023-11-30
Average employees1415001500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-12-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2020-04-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2020-04-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-04-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-04-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2019-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-06-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-06-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-01-15
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  17. 2014-12-11
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  18. 2010-03-06
    🏢
    Company incorporated
    As A J T RECYCLING LIMITED
  19. 2010-03-06
    THOMAS, Andrew John 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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong 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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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
NameSharesVoting rightsNature of controlNotified
Mr Andrew John Thomas
Individual · British · DOB 08/1962 · age 64
5075%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Andrew John Thomas Jnr
Individual · British · DOB 07/1982 · age 44
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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 →

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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
Incorporated2010-03-06
Jurisdictionengland-wales
Primary SIC46770 — SIC 46770

Registered office

24 Lammas Street
Carmarthen
Dyfed
SA31 3AL

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06

Officers (1 active · 0 resigned)

THOMAS, Andrew John
director · ~64y · appointed 2010-03-06
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property15/01/2015
outstanding
Barclays
Barclays Bank PLC
A registered charge11/12/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-12-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-04-07
change-person-director-company-with-change-date
officers · CH01
2020-04-07