LIBATT RECYCLING LTD
🏛️Establishedactive
13363779 · ltd · incorporated 2021-04-28
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
£-2.63M
book net assets
Opportunity
79/100
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 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 1.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.6 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (71/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £2,631,559
Key financials
1 year extracted from filed iXBRL accountsCash
£23k
Net Worth
-£2.6m
Current Assets
£691k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 |
|---|---|
| Total assets | £2.33M |
| Current assets | £690.6k |
| Cash | £22.8k |
| Debtors | £667.8k |
| Net assets | £-2.63M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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
4
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 miscellaneous
Last 180 days
4
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 miscellaneous
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-05-12📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-14📄legacymiscellaneous · RPCH01
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-20🔒Charge registered #2Lender: Close Brothers Limited
- 2025-04-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-28🔒Charge registered #1Lender: Close Brothers Limited (The “Security Trustee”)
- 2024-04-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-29➕STANBURY, Alexander George Basil appointeddirector
- 2023-01-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-20📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-04-28🏢Company incorporatedAs LIBATT RECYCLING LTD
- 2021-04-28➕BRUNDLE, Robin Charles appointeddirector
- 2021-04-28📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Recyclus Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Recyclus Group Ltd
Corporate parent · holds 75-100% shares
⬇
LIBATT RECYCLING LTD
This company · 13363779
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 |
|---|---|---|---|---|
Recyclus Group Ltd Corporate entity | 75–100% | — | 75-100% shares · firm interest | 28/04/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| FRIENDS RECYCLING LIMITED→ 16664597 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| KONNECT UTILITIES LIMITED→ 10381187 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LCG PIPELINES LTD→ 11311098 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| LIENE & EDGARS LTD→ 16481603 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| LTS WASTE MANAGEMENT LTD→ 12940188 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2021-04-28
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
Libatt Recycling Lincoln Street
Heath Town
Wolverhampton
WV10 0DX
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-11
Last: 2026-04-27
Officers (2 active · 0 resigned)
BRUNDLE, Robin Charles→
Activedirector · ~64y · appointed 2021-04-28
View their other companies + combined net worth →
STANBURY, Alexander George Basil→
Activedirector · ~48y · appointed 2024-01-29
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | — | 20/08/2025 | — | |
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 28/11/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (17 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-15
change-person-director-company-with-change-date
officers · CH01
2026-05-12
legacy
miscellaneous · RPCH01
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-17
appoint-person-director-company-with-name-date
officers · AP01
2024-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-06