ANDREW'S RECYCLING LIMITED

🌳Matureactive
08438393 · ltd · incorporated 2013-03-11
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 8.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 38210
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38320SIC 38320
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 8.4y

85/100
ready

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

  • · Oldest live charge is 8.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees4400

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
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-04-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-01-07
    🔓
    Charge satisfied #1
  10. 2020-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-17
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2019-07-16
    📄
    capital-allotment-shares
    capital · SH01
  13. 2019-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-01-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-12-23
    ➕
    CUTCHEY, Tara Charlotte appointed
    secretary
  19. 2017-12-23
    ➕
    CUTCHEY, Tara Charlotte appointed
    director
  20. 2017-12-23
    ➖
    CUTCHEY, Christopher John resigned
    director
  21. 2017-12-23
    🔒
    Charge registered #1
    Lender: Catalyst Recycling Limited
  22. 2013-10-01
    ➕
    CUTCHEY, Christopher John appointed
    director
  23. 2013-10-01
    ➖
    HARRIS, Darren resigned
    director
  24. 2013-03-11
    🏢
    Company incorporated
    As ANDREW'S RECYCLING LIMITED
  25. 2013-03-11
    ➕
    CUTCHEY, Andrew appointed
    director
  26. 2013-03-11
    ➕
    HARRIS, Darren appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Andrew James Cutchey
Individual · British · DOB 12/1973 · age 53
50–75%
50–75%board control50-75% shares · 50-75% voting · board control23/12/2017
1 historic (ceased) PSC
  • Mr Christopher John Cutcheyceased 23/12/2017· 75-100% shares · 75-100% voting · board control

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

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————7y——
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10265062 · est 2016 · no financials extracted
————9y——
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15750978 · est 2024 · no financials extracted
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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
Incorporated2013-03-11
Jurisdictionengland-wales
Primary SIC38210 — SIC 38210

Registered office

1607 Pershore Road
Stirchley
Birmingham
West Midlands
B30 2JF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-23
Last: 2026-04-09

Officers (3 active · 2 resigned)

CUTCHEY, Tara Charlotte→
secretary · appointed 2017-12-23
View their other companies + combined net worth →
Active
CUTCHEY, Andrew→
director · ~53y · appointed 2013-03-11
View their other companies + combined net worth →
Active
CUTCHEY, Tara Charlotte→
director · ~49y · appointed 2017-12-23
View their other companies + combined net worth →
Active
CUTCHEY, Christopher John→
director · ~80y · appointed 2013-10-01 · resigned 2017-12-23
Resigned
HARRIS, Darren→
director · ~52y · appointed 2013-03-11 · resigned 2013-10-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Catalyst Recycling
Catalyst Recycling Limited
A registered charge2 properties23/12/201707/01/2021

Recent filings (51 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-22
change-person-director-company-with-change-date
officers · CH01
2026-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-05
mortgage-satisfy-charge-full
mortgage · MR04
2021-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-02