H & M RECYCLING LTD

🏛️Establishedactive
12988894 · ltd · incorporated 2020-11-02
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 Mar 2025
Net worth
£-82.5k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38320SIC 38320
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.8y

10/100
under pressure

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

  • · Newest facility, 1.8 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £82,521
Cash draining
Cash down 91% YoY
Cash YoY
-91%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 91% YoY
Net Worth
-£83k
↓ 2008% YoY
Current Assets
£69k
↑ 99% YoY
Current Liabilities
-£83k-£52k-£22k£8k£39k£69kMar 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£-62.9k£2.1k
Current assets£68.9k£34.6k
Cash£2.2k£25.6k
Debtors£62.8k£1.8k
Net assets£-82.5k£-3.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-12-09
    🔓
    Charge satisfied #1
  4. 2025-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2025-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2025-03-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2025-03-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-03-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2024-10-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2024-10-07
    🔒
    Charge registered #1
    Lender: Bibby Financial Services Limited
  14. 2024-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-05-29
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  18. 2020-11-02
    🏢
    Company incorporated
    As H & M RECYCLING LTD
  19. 2020-11-02
    HARRISON, Henry Patrick Richard appointed
    director
  20. 2020-11-02
    MEDFORTH, Edward Charles Sherry appointed
    director
  21. 2020-11-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited 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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

H & M Waste Management Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
H & M Waste Management Group Ltd
Corporate parent · holds 75-100% shares
ultimate parent
H & M RECYCLING LTD
This company · 12988894

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
H & M Waste Management Group Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting12/03/2025
2 historic (ceased) PSCs
  • Mr Edward Charles Sherry Medforthceased 12/03/2025· 25-50% shares · 25-50% voting · board control
  • Mr Henry Patrick Richard Harrisonceased 12/03/2025· 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.

🔒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

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
Incorporated2020-11-02
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Main Street
Flixton
Scarborough
North Yorkshire
YO11 3UD
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (2 active · 0 resigned)

HARRISON, Henry Patrick Richard
director · ~29y · appointed 2020-11-02
View their other companies + combined net worth →
Active
MEDFORTH, Edward Charles Sherry
director · ~28y · appointed 2020-11-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Bibby Financial Services
Bibby Financial Services Limited
A registered charge07/10/202409/12/2025

Recent filings (21 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-03-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13