KINGPIN RECYCLING LIMITED
🏛️Establishedactive
11578988 · ltd · incorporated 2018-09-20
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 Jun 2025
Net worth
£-260.8k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 69/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -58% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (78/100)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
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £260,806
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£24k
↓ 58% YoY
Net Worth
-£261k
↓ 769% YoY
Current Assets
£522k
↑ 49% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £-34.9k | £40.3k |
| Current assets | £522.1k | £350.3k |
| Cash | £23.8k | £56.7k |
| Debtors | £488.4k | £288.4k |
| Net assets | £-260.8k | £-30.0k |
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
0
filings
Last 180 days
3
filings
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-04-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-20➖CARTWRIGHT, Deborah Alison resigneddirector
- 2026-04-20➖CARTWRIGHT, Mark James resigneddirector
- 2026-02-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-09-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-19➖DONNELLY, Eugene Brendan resigneddirector
- 2025-03-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-07-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-19📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-09-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-02-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-02➕MCBRIDE, Patrick, Mr. appointeddirector
- 2022-08-02➕O'CALLAGHAN, Michael, Mr. appointeddirector
- 2022-08-02➕DONNELLY, Eugene Brendan appointeddirector
- 2022-02-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-21📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-21📄change-person-director-company-with-change-dateofficers · CH01
- 2022-02-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-20🏢Company incorporatedAs KINGPIN RECYCLING LIMITED
- 2018-09-20➕CARTWRIGHT, Deborah Alison appointeddirector
- 2018-09-20➕CARTWRIGHT, Mark James appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CARTWRIGHT, Deborah Alison resigned 2026-04-20; CARTWRIGHT, Mark James resigned 2026-04-20; DONNELLY, Eugene Brendan resigned 2025-09-19
Group structure
Markorah Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Markorah Limited
Corporate parent · holds 75-100% shares
⬇
KINGPIN RECYCLING LIMITED
This company · 11578988
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Markorah Limited Corporate entity | 75–100% | — | 75-100% shares | 02/08/2022 |
2 historic (ceased) PSCs
- Mr Mark James Cartwrightceased 13/06/2024· 25-50% shares · 25-50% voting · board control
- Mrs Deborah Alison Cartwrightceased 02/08/2022· 25-50% shares · 25-50% voting · board control
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
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2018-09-20
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
Unit A9 Wem Industrial Estate
Soulton Road
Wem
Shropshire
SY4 5SD
United Kingdom
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-03
Last: 2025-09-19
Officers (2 active · 3 resigned)
MCBRIDE, Patrick, Mr.→
Activedirector · ~55y · appointed 2022-08-02
View their other companies + combined net worth →
O'CALLAGHAN, Michael, Mr.→
Activedirector · ~50y · appointed 2022-08-02
View their other companies + combined net worth →
CARTWRIGHT, Deborah Alison→
Resigneddirector · ~62y · appointed 2018-09-20 · resigned 2026-04-20
CARTWRIGHT, Mark James→
Resigneddirector · ~61y · appointed 2018-09-20 · resigned 2026-04-20
DONNELLY, Eugene Brendan→
Resigneddirector · ~59y · appointed 2022-08-02 · resigned 2025-09-19
Click a director name to see their full track record across all companies.
Recent filings (31 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
termination-director-company-with-name-termination-date
officers · TM01
2025-09-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-07-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-26
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-09-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-23