ADMIRAL WASTE RECYCLING AND MAINTENANCE LIMITED

💤Zombieactive
10645323 · ltd · incorporated 2017-03-01
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
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Turnover
year to Mar 2025
Net worth
£874
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Special-situation opportunity
Distressed energy with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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 (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
20 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
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £874
Net assets shrinking
Down £3,913 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£874
↓ 82% YoY
Current Assets
£30k
↑ 12% YoY
Current Liabilities
£0£6k£12k£18k£24k£30kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£29.8k£31.9k
Current assets£29.8k£26.6k
Net assets£874£4.8k

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
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
2
filings
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-30
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-08-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-03-08
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2017-03-01
    🏢
    Company incorporated
    As ADMIRAL WASTE RECYCLING AND MAINTENANCE LIMITED
  13. 2017-03-01
    KITFORM LIMITED appointed
    corporate-secretary
  14. 2017-03-01
    DOLLERY, Steven Shaun appointed
    director
  15. 2017-03-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 60 — approaching natural succession window.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-14

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven Shaun Dollery
Individual · British · DOB 10/1966 · age 60
75100%
75-100% shares01/03/2017

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

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 →
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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
Incorporated2017-03-01
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

23a The Precinct, London Road
Waterlooville
Hampshire
PO7 7DT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-14OVERDUE
Last: 2025-02-28

Officers (2 active · 0 resigned)

KITFORM LIMITED
corporate-secretary · appointed 2017-03-01
View their other companies + combined net worth →
Active
DOLLERY, Steven Shaun
director · ~60y · appointed 2017-03-01
View their other companies + combined net worth →
Active

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

Recent filings (20 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-14