CITY METALS RECYCLING LTD
💤Zombieactive
07719785 · ltd · incorporated 2011-07-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.33M
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 8.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 £1,329,094
Cash YoY
+246%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£152k
↑ 246% YoY
Net Worth
£1.3m
↑ 20% YoY
Current Assets
£4.5m
↓ 26% YoY
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 |
|---|---|---|
| Total assets | £2.54M | £2.60M |
| Current assets | £4.51M | £6.08M |
| Cash | £151.6k | £43.8k |
| Debtors | £2.34M | £3.68M |
| Net assets | £1.33M | £1.11M |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2025-09-17📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-07-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-07🔒Charge registered #6Lender: Bibby Financial Services LTD (As Security Trustee)
- 2024-12-23📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-09-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-10🔓Charge satisfied #4
- 2024-08-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-09🔒Charge registered #5Lender: Bibby Financial Services LTD (As Security Trustee)
- 2024-07-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-19➖SIMPSON, Russell Bruce resigneddirector
- 2023-12-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-04🔓Charge satisfied #3
- 2023-11-30🔒Charge registered #4Lender: Abn Amro Asset Based Finance N.V.
- 2023-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2022-10-20📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-07-19📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-07-01➕RICE, John Franklin appointedsecretary
- 2022-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-19➖BEARFIELD, Andrew Paul resigneddirector
- 2022-05-09➕SIMPSON, Russell Bruce appointeddirector
- 2022-04-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-02➕BEARFIELD, Andrew Paul appointeddirector
- 2021-02-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-07-03🔓Charge satisfied #2
- 2020-07-03🔓Charge satisfied #1
- 2020-05-29🔒Charge registered #3Lender: Ultimate Finance Limited
- 2018-10-02🔒Charge registered #2Lender: Aib Group (UK) PLC T/a Allied Irish Bank (GB)
- 2018-06-25🔒Charge registered #1Lender: Aib Group (UK) PLC
- 2011-07-27🏢Company incorporatedAs CITY METALS RECYCLING LTD
- 2011-07-27➕DAVISON, Jake Curt Patrick appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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 15 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jake Curt Patrick Davison Individual · British · DOB 06/1989 · age 37 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence | 27/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| ADVANCED UTILITY SERVICES LTD→ 15256327 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AJ TECHNICAL SERVICES LTD→ 17112858 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BEATTHEHEAT LIMITED→ 06422805 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| BRAVA LTD→ 13824874 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| CAP WASTE LIMITED→ 09292832 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CDC WASTE MANAGEMENT LTD→ 14946519 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CLEAR IT WASTE SERVICES LTD→ 11789672 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| CLEAR OFF LTD→ 13719358 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CLEAR PIPE LIMITED→ 06415812 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| CLEARANCECO LTD→ 15248568 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CLOUDNINE LIMITED→ 10418085 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CONSTRUCTION RESOURCE RECYCLING LTD→ 16913879 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2011-07-27
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
23 Thames Road
Barking
IG11 0HN
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-14
Last: 2026-04-30
Officers (2 active · 2 resigned)
RICE, John Franklin→
Activesecretary · appointed 2022-07-01
View their other companies + combined net worth →
DAVISON, Jake Curt Patrick→
Activedirector · ~37y · appointed 2011-07-27
View their other companies + combined net worth →
BEARFIELD, Andrew Paul→
Resigneddirector · ~58y · appointed 2021-02-02 · resigned 2022-05-19
SIMPSON, Russell Bruce→
Resigneddirector · ~53y · appointed 2022-05-09 · resigned 2024-07-19
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Financial Services LTD (As Security Trustee) | A registered charge | — | 07/07/2025 | — | |
| outstanding | Bibby Financial Services Bibby Financial Services LTD (As Security Trustee) | A registered charge | 4 properties | 09/08/2024 | — | |
| satisfied | Abn Amro Asset Based Finance N.V. | A registered charge | 1 property | 30/11/2023 | 10/09/2024 | |
| satisfied | Ultimate Finance Ultimate Finance Limited | A registered charge | 1 property | 29/05/2020 | 04/12/2023 | |
| satisfied | Aib Group (UK) T/a Allied Irish Bank (GB) Aib Group (UK) PLC T/a Allied Irish Bank (GB) | A registered charge | — | 02/10/2018 | 03/07/2020 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | — | 25/06/2018 | 03/07/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (59 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-30
accounts-with-accounts-type-medium
accounts · AA
2025-09-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
accounts-with-accounts-type-medium
accounts · AA
2024-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-09
termination-director-company-with-name-termination-date
officers · TM01
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-04
accounts-with-accounts-type-full
accounts · AA
2023-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
change-account-reference-date-company-current-extended
accounts · AA01
2022-10-20
appoint-person-secretary-company-with-name-date
officers · AP03
2022-07-19