BROSTERS ENVIRONMENTAL LIMITED

💤Zombieactive
09552812 · ltd · incorporated 2015-04-21
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
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38210SIC 38210
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 57/100. 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

7 live charges · 3 lenders · oldest 11.0y

15/100
under pressure

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

  • · Oldest live charge is 11.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
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£504k£1.0m£1.5m£2.0m£2.5mMar 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£3.64M
Current assets£407.8k
Cash£27.6k
Debtors£318.4k
Net assets£2.52M
Average employees11

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
1
filing
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-12-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-09-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-02-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-11-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-11-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-11-10
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  9. 2023-11-10
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  10. 2023-09-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-09-22
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  12. 2023-04-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2022-10-28
    📄
    legacy
    miscellaneous · ANNOTATION
  14. 2022-10-28
    📄
    legacy
    miscellaneous · ANNOTATION
  15. 2022-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2022-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2022-10-28
    🔓
    Charge satisfied #2
  18. 2022-10-28
    🔓
    Charge satisfied #1
  19. 2022-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2021-07-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2021-07-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2021-06-16
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  23. 2021-06-16
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  24. 2020-10-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  25. 2019-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  26. 2017-06-19
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 2015-05-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 2015-04-21
    🏢
    Company incorporated
    As BROSTERS ENVIRONMENTAL LIMITED
  29. 2015-04-21
    BROSTER, David Andrew appointed
    director

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "BROSTER" — strong identity link between founder and business.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • 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

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Andrew Broster
Individual · British · DOB 11/1975 · age 51
75100%
75-100% shares06/04/2016

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 →

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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
Incorporated2015-04-21
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

7 Bolton Road
Ashton-In-Makerfield
Wigan
WN4 8AA
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-05
Last: 2026-04-21

Officers (1 active · 0 resigned)

BROSTER, David Andrew
director · ~51y · appointed 2015-04-21
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
5
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge10/11/2023
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge1 property10/11/2023
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge22/09/2023
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge2 properties16/06/2021
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge16/06/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property19/06/201728/10/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge11/05/201528/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-12
legacy
miscellaneous · ANNOTATION
2022-10-28
legacy
miscellaneous · ANNOTATION
2022-10-28