BENDALL METAL RECYCLING LTD
🌳Matureactive
07589475 · ltd · incorporated 2011-04-04
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
£1.63M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
ALSO REGISTERED FOR
- 49410Freight transport by road
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 4.7y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.7 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 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
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,628,602
Very low cash
Cash position: £9
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£9
~ YoY
Net Worth
£1.6m
↑ 15% YoY
Current Assets
£1.9m
↑ 12% 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 | £2.38M | £2.46M |
| Current assets | £1.91M | £1.70M |
| Cash | £9 | £9 |
| Debtors | £733.2k | £701.8k |
| Net assets | £1.63M | £1.41M |
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
0
filings
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
3
filings
- • 2 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-05-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-05🔓Charge satisfied #2
- 2026-02-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-26🔒Charge registered #3Lender: Allica Bank Limited
- 2025-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-08🔓Charge satisfied #1
- 2023-03-07📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-28🔒Charge registered #2Lender: Santander UK PLC
- 2021-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-06🔒Charge registered #1Lender: United Trust Bank LTD
- 2021-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-10-15➕THOMAS, Lucy appointeddirector
- 2013-01-25➕BENDALL, Robert David appointeddirector
- 2013-01-25➖BENDALL, Hadyn resigneddirector
- 2011-04-04🏢Company incorporatedAs BENDALL METAL RECYCLING LTD
- 2011-04-04➕BENDALL, Hadyn appointeddirector
- 2011-04-04➕KAHAN, Barbara appointeddirector
- 2011-04-04➖KAHAN, Barbara resigneddirector
Owner dependency
73/100
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.
- +Founder name in company name: Company name contains director surname "BENDALL" — strong identity link between founder and business.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- secondaryStable-but-static management: Company is 15 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert David Bendall Individual · British · DOB 01/1985 · age 41 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 01/04/2022 |
Mrs Lucy Thomas Individual · British · DOB 07/1977 · age 49 | 25–50% | — | 25-50% shares | 01/09/2016 |
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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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
Incorporated2011-04-04
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000
Registered office
21 Highnam Business Ctr
Highnam
Gloucester
Gloucestershire
GL2 8DN
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-24
Last: 2025-10-10
Officers (2 active · 2 resigned)
BENDALL, Robert David→
Activedirector · ~41y · appointed 2013-01-25
View their other companies + combined net worth →
THOMAS, Lucy→
Activedirector · ~49y · appointed 2014-10-15
View their other companies + combined net worth →
BENDALL, Hadyn→
Resigneddirector · ~84y · appointed 2011-04-04 · resigned 2013-01-25
KAHAN, Barbara→
Resigneddirector · ~95y · appointed 2011-04-04 · resigned 2011-04-04
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Allica Bank Allica Bank Limited | A registered charge | 1 property | 26/02/2026 | — | |
| satisfied | Santander Santander UK PLC | A registered charge | — | 28/01/2022 | 05/05/2026 | |
| satisfied | United Trust Bank United Trust Bank LTD | A registered charge | — | 06/10/2021 | 08/08/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (49 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-08
change-person-director-company-with-change-date
officers · CH01
2023-03-07
change-person-director-company-with-change-date
officers · CH01
2023-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-03