MAINLINE SALVAGE & RECOVERY LTD

🌳Matureactive
10172977 · ltd · incorporated 2016-05-10
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£2.31M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 38310
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38320SIC 38320
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
26 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
75
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 £2,314,938
Net assets shrinking
Down £15,637 YoY
Cash YoY
+57%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.2m
↑ 57% YoY
Net Worth
£2.3m
~ YoY
Current Assets
£1.5m
~ YoY
Current Liabilities
—
£0£466k£932k£1.4m£1.9m£2.3mMar 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£2.34M£2.40M
Current assets£1.54M£1.55M
Cash£1.16M£741.3k
Debtors£237.0k£231.2k
Net assets£2.31M£2.33M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-12-31
    📄
    accounts-amended-with-made-up-date
    accounts · AAMD
  4. 2024-01-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-04-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2019-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2019-05-01
    ➕
    SMITH, Ian Mark appointed
    director
  13. 2018-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-03-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-01-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2016-05-10
    🏢
    Company incorporated
    As MAINLINE SALVAGE & RECOVERY LTD
  17. 2016-05-10
    ➕
    SMITH, Jamie Lee appointed
    director

Owner dependency

79/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

51/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 Ian Mark Smith
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control08/05/2021
Mr Jamie Lee Smith
Individual · British · DOB 07/1991 · age 35
25–50%
—25-50% shares03/05/2017

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

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.

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Company details

Statusactive
Typeltd
Incorporated2016-05-10
Jurisdictionengland-wales
Primary SIC38310 — SIC 38310

Registered office

Hudson Industrial Estate
Dixon Street
Wolverhampton
WV2 2DB
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14

Officers (2 active · 0 resigned)

SMITH, Ian Mark→
director · ~59y · appointed 2019-05-01
View their other companies + combined net worth →
Active
SMITH, Jamie Lee→
director · ~35y · appointed 2016-05-10
View their other companies + combined net worth →
Active

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

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
accounts-amended-with-made-up-date
accounts · AAMD
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-21