S & P FILTERS (NORTHERN) LIMITED

🌳Matureactive

07440229 · ltd · incorporated 2010-11-15

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 77/100 (strong), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 10.3y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 10.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (5 active, 7 linked, 6 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

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

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

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 · accounting standard unknown

Metric	2024-12-31	2023-12-31
Average employees	200	300

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

filings

Last 90 days

filings

• 2 confirmation-statement

Last 180 days

filings

• 2 confirmation-statement
• 2 gazette

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2026-04-15
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-14
📄
gazette-notice-compulsory
gazette · GAZ1
2025-06-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-24
➕
LEE, Mary Patricia appointed
director
2024-12-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-24
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-01
➕
LEE, Billy Martin appointed
director
2022-02-01
➕
LEE, Edward Brien appointed
director
2022-02-01
➕
LEE, Patrick Anthony appointed
director
2016-04-05
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2016-03-31
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2015-10-04
➖
MOULSDALE, Robert Alan resigned
secretary
2010-11-15
🏢
Company incorporated
As S & P FILTERS (NORTHERN) LIMITED
2010-11-15
➕
LEE, Patrick appointed
director
2010-11-15
➕
MOULSDALE, Robert Alan appointed
secretary
2010-11-15
➕
KAHAN, Barbara appointed
director
2010-11-15
➖
KAHAN, Barbara resigned
director

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Patrick Lee Individual · British · DOB 07/1971 · age 55	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Mary Patricia Lee Individual · British · DOB 08/1969 · age 57	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Mrs Mary Patricia Leeceased 16/11/2023· 25-50% shares · 25-50% 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 →

Similar companies

Active · Energy & utilities · CA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
G & A M LAWSON LIMITED→ 02753264 · est 1992	£9.06M £6.52M–£11.59M	£16.25M	—	9300	33y	95	90y
A & A RECYCLING SERVICES LIMITED→ 04269422 · est 2001 · no financials extracted	—	—	—	—	24y	83	65y
CHANDLERS COUNTRY PROPERTIES LIMITED→ 04377155 · est 2002	—	—	—	400	24y	83	82y
AVS CUMBRIA METALS LIMITED→ 04512850 · est 2002	—	—	£409.3k	—	23y	82	65y
EDEN RECYCLING CUMBRIA LTD→ 06644095 · est 2008	—	—	£133.6k	—	17y	82	59y
FREE FOR ALL COMMUNITY RECYCLING LTD→ 04967831 · est 2003 · no financials extracted	—	—	—	—	22y	81	84y
HOLME CROFT RESIDENTS LIMITED→ 04132833 · est 2000	—	—	£7.3k	—	25y	81	81y
AD WASTE TRANSFER LIMITED→ 06725951 · est 2008	—	—	—	2	17y	80	77y
CLAY FLATTS AUTOSPARES LIMITED→ 04800224 · est 2003	—	—	—	200	23y	80	81y
DUMFRIES RECYCLING LTD→ 05765458 · est 2006	—	—	£20.1k	—	20y	80	65y
EQUITIX ESI CHP (WREXHAM) LIMITED→ 10000763 · est 2016 · no financials extracted	—	—	—	—	10y	80	59y
NORTHERN WASTE MANAGEMENT LTD→ 09188500 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2010-11-15

Jurisdictionengland-wales

Primary SIC38110 — SIC 38110

Registered office

Dalmar House Barras Lane Estate

Dalston

Carlisle

CA5 7NY

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-06-16

Last: 2026-06-02