2 RECYCLING HOLDINGS LIMITED

💤Zombieactive
11582386 · ltd · incorporated 2018-09-21
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
not disclosed
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 7.5y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
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
10 connected companies via shared directors
75
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-09-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-07-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-02-03
    📄
    memorandum-articles
    incorporation · MA
  4. 2024-02-03
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2024-01-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-01-03
    📄
    auditors-resignation-company
    auditors · AUD
  7. 2022-07-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2021-08-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2020-09-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2020-01-08
    CATTELL, Nicholas James appointed
    director
  11. 2020-01-08
    SCOTT, Stephen James resigned
    director
  12. 2020-01-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-01-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-03-26
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2018-12-17
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2018-12-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-12-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-11-30
    🔒
    Charge registered #2
    Lender: Igf Business Credit Limited
  19. 2018-11-30
    🔒
    Charge registered #1
    Lender: Corpacq Limited
  20. 2018-11-07
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  21. 2018-09-21
    🏢
    Company incorporated
    As 2 RECYCLING HOLDINGS LIMITED
  22. 2018-09-21
    SCOTT, Stephen James appointed
    director
  23. 2018-09-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Corpacq Finance Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Corpacq Finance Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
2 RECYCLING HOLDINGS LIMITED
This company · 11582386

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%
NameSharesVoting rightsNature of controlNotified
Corpacq Finance Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/09/2018

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
Incorporated2018-09-21
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Corpacq House
1 Goose Green
Altrincham
Cheshire
WA14 1DW
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (1 active · 1 resigned)

CATTELL, Nicholas James
director · ~52y · appointed 2020-01-08
View their other companies + combined net worth →
Active
SCOTT, Stephen James
director · ~48y · appointed 2018-09-21 · resigned 2020-01-08
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Igf Business Credit
Igf Business Credit Limited
A registered charge4 properties30/11/2018
outstanding
Corpacq
Corpacq Limited
A registered charge30/11/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-03
accounts-with-accounts-type-full
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
accounts-with-accounts-type-full
accounts · AA
2024-07-17
memorandum-articles
incorporation · MA
2024-02-03
resolution
resolution · RESOLUTIONS
2024-02-03
accounts-with-accounts-type-full
accounts · AA
2024-01-04
auditors-resignation-company
auditors · AUD
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-full
accounts · AA
2022-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-full
accounts · AA
2021-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-30
accounts-with-accounts-type-full
accounts · AA
2020-09-24