LANCASHIRE WASTE RECYCLING LIMITED

📈Growthactive

07383636 · ltd · incorporated 2010-09-22

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 38320

Sector: Water supply & waste

Investor take

Pursue

Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 67/100. 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

11 live charges · 6 lenders · oldest 13.6y

45/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 13.6 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (77/100)

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

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

3 officers (1 active, 3 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

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 →

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

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 · FRS 102

Profitable

Profit before tax £2,632,245

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	2025-02-28	2024-02-28
Profit before tax	£2.63M	£1.87M
Average employees	26	2100

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2026-01-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-30
🔓
Charge satisfied #7
2025-11-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-11-28
📄
accounts-with-accounts-type-full
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-full
accounts · AA
2022-11-30
📄
accounts-with-accounts-type-full
accounts · AA
2022-05-27
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-27
🔓
Charge satisfied #10
2021-11-30
📄
accounts-with-accounts-type-full
accounts · AA
2021-01-19
📄
accounts-with-accounts-type-full
accounts · AA
2019-11-27
📄
accounts-with-accounts-type-group
accounts · AA
2019-11-18
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-11-18
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-06-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-06-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-05-10
📄
change-person-director-company-with-change-date
officers · CH01
2019-05-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-04-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-04-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-04-09
🔓
Charge satisfied #11
2019-03-15
➖
MELLOR, Paul resigned
secretary
2019-03-15
➖
MELLOR, Paul resigned
director
2018-02-22
🔒
Charge registered #11
Lender: Npif Nw Debt LP Acting by North West Loans Npif Gp Limited as the General Partner of Npif Nw Debt LP Acting by Fw Capital Limited
2014-03-27
🔒
Charge registered #10
Lender: Lancashire County Developments (Investments) Limited
2013-12-23
🔒
Charge registered #9
Lender: Rbs Invoice Finance Limited
2013-09-19
🔓
Charge satisfied #4
2013-09-19
🔓
Charge satisfied #3
2013-09-19
🔓
Charge satisfied #2
2013-09-19
🔓
Charge satisfied #1
2013-06-17
🔓
Charge satisfied #6
2013-06-04
🔒
Charge registered #8
Lender: National Westminster Bank PLC
2013-06-04
🔒
Charge registered #7
Lender: Close Brothers Limited
2013-04-26
🔒
Charge registered #6
Lender: Rbs Invoice Finance Limited
2013-04-10
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2013-03-01
➕
ENTWISLE, James appointed
director
2013-02-15
🔒
Charge registered #4
Lender: Close Brothers Limited
2013-02-15
🔒
Charge registered #3
Lender: Close Brothers Limited
2013-02-15
🔒
Charge registered #2
Lender: Close Brothers Limited
2012-12-07
🔒
Charge registered #1
Lender: Pallisterco Limited
2010-09-22
🏢
Company incorporated
As LANCASHIRE WASTE RECYCLING LIMITED
2010-09-22
➕
MELLOR, Paul appointed
secretary
2010-09-22
➕
MELLOR, Paul appointed
director

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 13 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Lancashire Waste Recycling (Holdings)Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Lancashire Waste Recycling (Holdings)Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

LANCASHIRE WASTE RECYCLING LIMITED

This company · 07383636

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
Lancashire Waste Recycling (Holdings)Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/09/2019

2 historic (ceased) PSCs

Mr James Entwisleceased 20/09/2019· 75-100% shares · 75-100% voting
Mr Paul Anthony Mellorceased 15/03/2019· 50-75% shares · 50-75% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Energy & utilities · FY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ENVIROFUEL (SRF) LTD→ 07732679 · est 2011	£998.1k £718.6k–£1.28M	—	—	25	14y	82	62y
HORNBY'S DRAINAGE LTD→ 09433274 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
INDUSTRIAL PROCESSES AUTOMATION SERVICES LTD→ 13139245 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
INGLEMERE METALS (BLACKPOOL) LIMITED→ 09960624 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
J & F DRAINAGE LIMITED→ 08916021 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
JACKSON SKIP & RECYCLING LIMITED→ 05772766 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
KEARON EXPORT-IMPORT LTD→ 07548465 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
LANZHERON LTD→ 13134118 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
M.C.S.AMBLER LIMITED→ 13926960 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
MAINSTREAM WATER SERVICES LTD→ 11396877 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
NATIONWIDE ENERGY & POWER LIMITED→ 09032451 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
PALMERS HEATING UK LTD→ 10946094 · est 2017 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated2010-09-22

Jurisdictionengland-wales

Primary SIC38320 — SIC 38320

Registered office

Rees House, Burn Hall Industrial Estate

Venture Road

Fleetwood

Lancashire

FY7 8RS

United Kingdom

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-05-13

Last: 2026-04-29

Officers (1 active · 2 resigned)

ENTWISLE, James→

director · ~62y · appointed 2013-03-01

View their other companies + combined net worth →

Active

MELLOR, Paul→

secretary · appointed 2010-09-22 · resigned 2019-03-15

Resigned

MELLOR, Paul→

director · ~69y · appointed 2010-09-22 · resigned 2019-03-15

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
satisfied	Npif Nw Debt LP Acting by North West Loans Npif Gp as the General Partner of Npif Nw Debt LP Acting by Fw Capital Npif Nw Debt LP Acting by North West Loans Npif Gp Limited as the General Partner of Npif Nw Debt LP Acting by Fw Capital Limited	A registered charge	2 properties	22/02/2018	09/04/2019
satisfied	Lancashire County Developments (Investments) Lancashire County Developments (Investments) Limited	A registered charge	1 property	27/03/2014	27/05/2022
outstanding	NatWest Group Rbs Invoice Finance Limited	A registered charge	1 property	23/12/2013	—
outstanding	National Westminster Bank National Westminster Bank PLC	A registered charge	1 property	04/06/2013	—
satisfied	Close Brothers Close Brothers Limited	A registered charge	1 property	04/06/2013	30/01/2026
satisfied	NatWest Group Rbs Invoice Finance Limited	A registered charge	1 property	26/04/2013	17/06/2013
outstanding	National Westminster Bank National Westminster Bank PLC	A registered charge	1 property	10/04/2013	—
satisfied	Close Brothers Close Brothers Limited	Security assignment	1 property	15/02/2013	19/09/2013
satisfied	Close Brothers Close Brothers Limited	Debenture	1 property	15/02/2013	19/09/2013
satisfied	Close Brothers Close Brothers Limited	Legal charge	1 property	15/02/2013	19/09/2013
satisfied	Pallisterco Pallisterco Limited	Legal charge	1 property	07/12/2012	19/09/2013

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

Recent filings (69 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-05-05

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-30

accounts-with-accounts-type-full

accounts · AA

2025-11-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-29

accounts-with-accounts-type-full

accounts · AA

2024-11-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-29

accounts-with-accounts-type-full

accounts · AA

2023-11-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-02

accounts-with-accounts-type-full

accounts · AA

2022-11-30

mortgage-satisfy-charge-full

mortgage · MR04

2022-05-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-29

accounts-with-accounts-type-full

accounts · AA

2021-11-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-04-29

accounts-with-accounts-type-full

accounts · AA

2021-01-19

confirmation-statement-with-updates

confirmation-statement · CS01

2020-06-01