DRAIN REPAIR SERVICES LIMITED

🌿Early-stageactive
15484402 · ltd · incorporated 2024-02-12
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 Feb 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 37000
Sector: Water supply & waste
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 69). 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 (73/100).

Data confidence

Overall: medium (70/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 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
12 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
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · IFRS
Metric2025-02-28
Average employees100

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
0
filings
Last 180 days
3
filings
  • 1 accounts
  • 1 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-04-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-03-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-01-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-08-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-05-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2024-05-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2024-02-12
    🏢
    Company incorporated
    As DRAIN REPAIR SERVICES LIMITED
  11. 2024-02-12
    MORRIS, John Noel appointed
    director
  12. 2024-02-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Young company: Only 2.4 years old — management layer unlikely to be developed.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Noel Morris
Individual · British · DOB 12/1957 · age 69
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/02/2024

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

9 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
Incorporated2024-02-12
Jurisdictionengland-wales
Primary SIC37000 — SIC 37000

Registered office

Unit 9 Cirencester Office Park
Tetbury Road
Cirencester
Gloucester
GL7 6JJ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11

Officers (1 active · 0 resigned)

MORRIS, John Noel
director · ~69y · appointed 2024-02-12
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-14
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
gazette-notice-compulsory
gazette · GAZ1
2026-01-13
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
change-person-director-company-with-change-date
officers · CH01
2025-07-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
gazette-notice-compulsory
gazette · GAZ1
2025-05-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-14
incorporation-company
incorporation · NEWINC
2024-02-12