FD WASTE SOLUTIONS LTD

🌿Early-stageactive
15227572 · ltd · incorporated 2023-10-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2025
Net worth
£1.2k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. 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 -53% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,154
Net assets shrinking
Down £2,738 YoY
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 53% YoY
Net Worth
£1k
↓ 70% YoY
Current Assets
£1k
↓ 53% YoY
Current Liabilities
£0£778£2k£2k£3k£4kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£1.2k£3.9k
Current assets£1.1k£2.4k
Cash£1.1k£2.4k
Net assets£1.2k£3.9k

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
0
filings
Last 90 days
2
filings
  • 1 accounts
  • 1 capital
Last 180 days
2
filings
  • 1 accounts
  • 1 capital
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-05-15
    📄
    capital-allotment-shares
    capital · SH01
  3. 2025-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-01-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-01-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-11-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-11-17
    FARRELL, Matthew appointed
    director
  9. 2023-10-23
    🏢
    Company incorporated
    As FD WASTE SOLUTIONS LTD
  10. 2023-10-23
    DURBIN, Daniel Paul appointed
    director
  11. 2023-10-23
    📄
    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.
  • +Young company: Only 2.7 years old — management layer unlikely to be developed.

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

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Daniel Paul Durbin
Individual · English · DOB 03/1983 · age 43
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/10/2023
Mr Matthew Farrell
Individual · English · DOB 01/1983 · age 43
sig. influencesignificant influence · trust interest · firm interest01/01/2025

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2023-10-23
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

76 Mond Road
Widnes
Cheshire
WA8 7NA
United Kingdom

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (2 active · 0 resigned)

DURBIN, Daniel Paul
director · ~43y · appointed 2023-10-23
View their other companies + combined net worth →
Active
FARRELL, Matthew
director · ~43y · appointed 2023-11-17
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-15
capital-allotment-shares
capital · SH01
2026-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-04
gazette-filings-brought-up-to-date
gazette · DISS40
2025-01-08
gazette-notice-compulsory
gazette · GAZ1
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-01-04
appoint-person-director-company-with-name-date
officers · AP01
2023-11-19
incorporation-company
incorporation · NEWINC
2023-10-23