COMBINED DRIER TECHNOLOGY LIMITED
🏛️Establishedactive
10461527 · ltd · incorporated 2016-11-03
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£57.0k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
PursueAsset-holding vehicle with a 81-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (60/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 6.6y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
1 charges (1/1 with lender, 1/1 with type)
90
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
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
65
Adequate — check latest filings for context.
Acquirability
75
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 · accounting standard not declaredPositive net assets
Net assets £56,988
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£13k
↓ 84% YoY
Net Worth
£57k
↑ 82% YoY
Current Assets
£82k
↓ 22% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £167.2k | £177.5k |
| Current assets | £81.8k | £104.3k |
| Cash | £13.0k | £81.1k |
| Debtors | £68.7k | £23.2k |
| Net assets | £57.0k | £31.3k |
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 mortgage
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-07-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-07-07🔓Charge satisfied #1
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-11-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-12-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-12-16🔒Charge registered #1Lender: Santander UK PLC
- 2019-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-12📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-01-22📄gazette-notice-compulsorygazette · GAZ1
- 2018-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-11📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2017-11-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-10-23➕BRIDGES, Luke Stanley appointeddirector
- 2016-11-03🏢Company incorporatedAs COMBINED DRIER TECHNOLOGY LIMITED
- 2016-11-03➕WARD, Andreya appointeddirector
Owner dependency
78/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Luke Stanley Bridges Individual · British · DOB 06/1975 · age 51 | 25–50% | — | 25-50% shares | 01/11/2020 |
Mr Andreya Ward Individual · British · DOB 05/1945 · age 81 | 25–50% | — | 25-50% shares | 03/11/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| BOX CLEARANCE LTD→ 14118661 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BPUWL 29 LIMITED→ 14917678 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CDS LEAK RESOLVE LTD→ 17032030 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CELAENO SOLAR LTD→ 13033184 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CHANNEL GREEN ENERGY LTD→ 13454957 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CHILLER TECHNICAL SOLUTIONS LIMITED→ 04213194 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CLAIM REPAIRS LIMITED→ 16180121 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CLINIPOWER LIMITED→ 08186804 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| COBRA CASTLE SOLAR FARM LIMITED→ 14136596 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| COLLECTECO LIMITED→ 06744583 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| COMMERCIAL WASTE MANAGEMENT LTD→ 16763207 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COMMERCIAL WASTE SOLUTIONS LTD→ 16763171 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2016-11-03
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000
Registered office
Filwood Green Business Park 1
Filwood Park Lane
Bristol
BS4 1ET
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09
Officers (2 active · 0 resigned)
BRIDGES, Luke Stanley→
Activedirector · ~51y · appointed 2017-10-23
View their other companies + combined net worth →
WARD, Andreya→
Activedirector · ~81y · appointed 2016-11-03
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC | A registered charge | — | 16/12/2019 | 07/07/2026 |
Recent filings (27 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-11-17