AREERA LTD
💤Zombieactive
12574362 · ltd · incorporated 2020-04-27
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
69/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 5.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
57 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
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
5
filings
- • 2 mortgage
- • 1 resolution
- • 1 incorporation
Last 90 days
17
filings
- • 3 mortgage
- • 2 capital
- • 2 persons-with-significant-control
Last 180 days
17
filings
- • 3 mortgage
- • 2 capital
- • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-06-03📄resolutionresolution · RESOLUTIONS
- 2026-06-03📄memorandum-articlesincorporation · MA
- 2026-06-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-03🔓Charge satisfied #1
- 2026-06-03🔓Charge satisfied #3
- 2026-05-29📄capital-allotment-sharescapital · SH01
- 2026-05-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-05-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-05-12➖GLYNNE, Nicholas Harvey resigneddirector
- 2026-05-12➖MYERS, Daniel Richard resigneddirector
- 2026-05-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-05-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-12🔒Charge registered #4Lender: Fyi Growth L.P. Acting by Its General Partner Fyi Growth Gp Limited
- 2026-04-29📄capital-allotment-sharescapital · SH01
- 2026-04-11📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-04-11📄legacyaccounts · PARENT_ACC
- 2026-04-11📄legacyother · GUARANTEE2
- 2026-04-11📄legacyother · AGREEMENT2
- 2025-01-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-01-07📄legacyaccounts · PARENT_ACC
- 2025-01-07📄legacyother · AGREEMENT2
- 2025-01-07📄legacyother · GUARANTEE2
- 2024-04-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-06📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2021-05-06🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2021-03-03🔒Charge registered #1Lender: Buy It Direct LTD
- 2020-12-29➕THOMPSON, Craig Michael appointeddirector
- 2020-12-29➖O'SHEA, Ciaran resignedsecretary
- 2020-12-29➕GLYNNE, Nicholas Harvey appointeddirector
- 2020-12-29➕MYERS, Daniel Richard appointeddirector
- 2020-12-29➖O'SHEA, Ciaran resigneddirector
- 2020-12-29🔒Charge registered #3Lender: Buy It Direct LTD
- 2020-04-27🏢Company incorporatedAs AREERA LTD
- 2020-04-27➕O'SHEA, Ciaran appointedsecretary
- 2020-04-27➕O'SHEA, Ciaran appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GLYNNE, Nicholas Harvey resigned 2026-05-12; MYERS, Daniel Richard resigned 2026-05-12
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Areera Recycling Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Areera Recycling Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
AREERA LTD
This company · 12574362
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 |
|---|---|---|---|---|
Areera Recycling Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 12/05/2026 |
2 historic (ceased) PSCs
- Buy It Direct Ltdceased 12/05/2026· 75-100% shares
- Mr Ciaran O'Sheaceased 29/12/2020· 75-100% shares · 75-100% voting · board control
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
Active · Energy & utilities · HX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANDANIA CIVIL ENGINEERING SERVICES LTD.→ 04231135 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| AVA RECYCLING LTD→ 11156822 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CLEANMET LIMITED→ 00787531 · est 1964 · no financials extracted | — | — | — | — | 62y | — | — |
| DOODSON ELECTRICAL LIMITED→ 10910963 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| EARTHWORKS GRAB & HAULAGE LTD→ 16769506 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EFFECTIVE COOLING LTD→ 12197976 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ELLETE WASTE LTD→ 15158895 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ENERGYCLOUD SOCIAL ENTERPRISE CIC→ 16387434 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| EVY BROKERS LIMITED→ 15681561 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FLOWPRO DRAINAGE LIMITED→ 15116460 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GEKKO WASTE MANAGEMENT LTD→ 14433484 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| GROUND FLOOR→ 01867571 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
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
Incorporated2020-04-27
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000
Registered office
Ashday Works Elland Road
Elland
Halifax
HX5 9JD
England
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-21
Last: 2026-04-07
Officers (1 active · 4 resigned)
THOMPSON, Craig Michael→
Activedirector · ~55y · appointed 2020-12-29
View their other companies + combined net worth →
O'SHEA, Ciaran→
Resignedsecretary · appointed 2020-04-27 · resigned 2020-12-29
GLYNNE, Nicholas Harvey→
Resigneddirector · ~60y · appointed 2020-12-29 · resigned 2026-05-12
MYERS, Daniel Richard→
Resigneddirector · ~64y · appointed 2020-12-29 · resigned 2026-05-12
O'SHEA, Ciaran→
Resigneddirector · ~44y · appointed 2020-04-27 · resigned 2020-12-29
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Fyi Growth L.P. Acting by Its General Partner Fyi Growth Gp / Delta Equity Fund Iv Partnership Acting by Its General Partner Delta Management Partners Iv / Blackburne Asset Holdings / Anticus Partners Fyi Growth L.P. Acting by Its General Partner Fyi Growth Gp Limited / Delta Equity Fund Iv Limited Partnership Acting by Its General Partner Delta Management Partners Iv Limited / Blackburne Asset Holdings Limited / Anticus Partners Limited | A registered charge | — | 12/05/2026 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 06/05/2021 | — | |
| satisfied | Buy It Direct Buy It Direct LTD | A registered charge | 1 property | 03/03/2021 | 03/06/2026 | |
| satisfied | Buy It Direct Buy It Direct LTD | A registered charge | — | 29/12/2020 | 03/06/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (57 total)
resolution
resolution · RESOLUTIONS
2026-06-03
memorandum-articles
incorporation · MA
2026-06-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-03
capital-allotment-shares
capital · SH01
2026-05-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-12
termination-director-company-with-name-termination-date
officers · TM01
2026-05-12
termination-director-company-with-name-termination-date
officers · TM01
2026-05-12
capital-allotment-shares
capital · SH01
2026-04-29
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-04-11
legacy
accounts · PARENT_ACC
2026-04-11
legacy
other · GUARANTEE2
2026-04-11