BORDER PLASTICS RECYCLING LIMITED

💤Zombieactive
12903188 · ltd · incorporated 2020-09-24
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 Dec 2025
Net worth
£959.3k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. 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

1 live charge · oldest 0.8y

10/100
under pressure

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

  • · Newest facility, 0.8 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
41 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £959,297
Cash YoY
+59%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£237k
↑ 59% YoY
Net Worth
£959k
↑ 6.1% YoY
Current Assets
£716k
↑ 20% YoY
Current Liabilities
£0£192k£384k£576k£767k£959kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£1.08M£1.03M
Current assets£715.6k£594.4k
Cash£237.3k£149.4k
Debtors£462.4k£355.1k
Net assets£959.3k£904.4k

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 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-09-01
    🔒
    Charge registered #1
    Lender: Close Brothers Limited (The “Security Trustee”)
  4. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-12-20
    STRAFFORD, Charlotte Suzanne Christina resigned
    director
  7. 2024-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  10. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  11. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  12. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  13. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  14. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  15. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  16. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2022-10-26
    📄
    capital-cancellation-shares
    capital · SH06
  18. 2022-10-20
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2022-09-22
    📄
    capital-cancellation-shares
    capital · SH06
  20. 2022-09-15
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2022-04-21
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2022-04-21
    📄
    capital-cancellation-shares
    capital · SH06
  23. 2022-04-21
    📄
    capital-cancellation-shares
    capital · SH06
  24. 2020-09-24
    🏢
    Company incorporated
    As BORDER PLASTICS RECYCLING LIMITED
  25. 2020-09-24
    STRAFFORD, Adam James appointed
    director
  26. 2020-09-24
    STRAFFORD, Charlotte Suzanne Christina appointed
    director

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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Adam James Strafford
Individual · British · DOB 06/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control24/09/2020

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
Incorporated2020-09-24
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320

Registered office

Charnwood House
Harcourt Way
Leicester
LE19 1WP
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (1 active · 1 resigned)

STRAFFORD, Adam James
director · ~42y · appointed 2020-09-24
View their other companies + combined net worth →
Active
STRAFFORD, Charlotte Suzanne Christina
director · ~40y · appointed 2020-09-24 · resigned 2024-12-20
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Close Brothers
Close Brothers Limited (The “Security Trustee”)
A registered charge01/09/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (41 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-12
capital-cancellation-shares
capital · SH06
2022-10-26
capital-cancellation-shares
capital · SH06
2022-10-26
capital-cancellation-shares
capital · SH06
2022-10-26
capital-cancellation-shares
capital · SH06
2022-10-26
capital-cancellation-shares
capital · SH06
2022-10-26
capital-cancellation-shares
capital · SH06
2022-10-26