FRESCO ENVIRONMENTAL LTD

💤Zombieactive
09507044 · ltd · incorporated 2015-03-24
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 Mar 2025
Net worth
£3.48M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38210SIC 38210
  • 38320SIC 38320
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 11.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 3 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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £3,480,944
Cash YoY
+3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.8m
↑ 2.8% YoY
Net Worth
£3.5m
↑ 28% YoY
Current Assets
£2.9m
↑ 11% YoY
Current Liabilities
—
£0£696k£1.4m£2.1m£2.8m£3.5mMar 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
Total assets£3.81M£2.92M
Current assets£2.90M£2.60M
Cash£1.81M£1.76M
Debtors£1.07M£833.7k
Net assets£3.48M£2.72M

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

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 (22 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-12-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-12-01
    🔓
    Charge satisfied #1
  6. 2022-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-12-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-01-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-07-26
    ➖
    HEAPS, Lee Michael resigned
    director
  13. 2018-07-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2017-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-06-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-06-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2015-05-19
    🔒
    Charge registered #1
    Lender: Bibby Financial Services LTD (As Security Trustee)
  19. 2015-03-24
    🏢
    Company incorporated
    As FRESCO ENVIRONMENTAL LTD
  20. 2015-03-24
    ➕
    HEAPS, Glynis Karen appointed
    secretary
  21. 2015-03-24
    ➕
    HEAPS, Glynis Karen appointed
    director
  22. 2015-03-24
    ➕
    HEAPS, Lee Michael 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 58 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lee Michael Heaps
Individual · British · DOB 02/1988 · age 38
25–50%
—25-50% shares06/04/2016
Ms Glynis Karen Heaps
Individual · British · DOB 05/1968 · age 58
25–50%
—25-50% shares06/04/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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 →
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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
Incorporated2015-03-24
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Fresco Centre
Everite Road
Widnes
Cheshire
WA8 8PT
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24

Officers (2 active · 1 resigned)

HEAPS, Glynis Karen→
secretary · appointed 2015-03-24
View their other companies + combined net worth →
Active
HEAPS, Glynis Karen→
director · ~58y · appointed 2015-03-24
View their other companies + combined net worth →
Active
HEAPS, Lee Michael→
director · ~38y · appointed 2015-03-24 · resigned 2018-07-26
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
Bibby Financial Services
Bibby Financial Services LTD (As Security Trustee)
A registered charge—19/05/201501/12/2023

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-24