1ST DIRECT DRAINAGE LIMITED

💤Zombieactive
10095462 · ltd · incorporated 2016-03-31
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
£387.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. 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).

Data confidence

Overall: medium (79/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £387,734
Cash YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£412k
↑ 1.4% YoY
Net Worth
£388k
↑ 8.4% YoY
Current Assets
£430k
↑ 3.0% YoY
Current Liabilities
£0£86k£172k£258k£344k£430kMar 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£387.7k£357.7k
Current assets£430.0k£417.5k
Cash£411.8k£406.2k
Net assets£387.7k£357.7k

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
4
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-04-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-08-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-03-31
    🏢
    Company incorporated
    As 1ST DIRECT DRAINAGE LIMITED
  14. 2016-03-31
    MABEY, Stuart Edward appointed
    director
  15. 2016-03-31
    MABEY, Stuart Edward appointed
    director
  16. 2016-03-31
    MABEY, Stuart Edward resigned
    director
  17. 2016-03-31
    📄
    incorporation-company
    incorporation · NEWINC

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 62 — 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 62. 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stuart Edward Mabey
Individual · British · DOB 08/1964 · age 62
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

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 →
🔒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
Incorporated2016-03-31
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

The Old Wheel House
31/37 Church Street
Reigate
Surrey
RH2 0AD
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30

Officers (1 active · 1 resigned)

MABEY, Stuart Edward
director · ~62y · appointed 2016-03-31
View their other companies + combined net worth →
Active
MABEY, Stuart Edward
director · ~62y · appointed 2016-03-31 · resigned 2016-03-31
Resigned

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

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
appoint-person-director-company-with-name-date
officers · AP01
2026-04-17
termination-director-company-with-name-termination-date
officers · TM01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-09