TEXTILE RECYCLING INTERNATIONAL NEWCO LIMITED

🌿Early-stageactive

15630160 · ltd · incorporated 2024-04-09

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

£3.66M

year to Mar 2025

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 2.0y

0/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Newest facility, 2.0 years old — likely still in initial term.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.
· Not currently profitable — coverage conversation is a harder sell.

Data confidence

Overall: medium (75/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

11 officers (7 active, 11 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

10 connected companies via shared directors

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £816,549

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Turnover	£3.66M
Gross profit	£3.66M
Operating profit	£-816.5k
Profit before tax	£-816.5k
Average employees	2200

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

filings

• 1 confirmation-statement
• 1 officers

Last 90 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 5 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-04-28
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2026-04-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-10
➖
WOODWARD, Michelle resigned
director
2026-04-07
📄
accounts-with-accounts-type-full
accounts · AA
2026-02-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-10
➕
JACKSON, Andrew appointed
director
2025-12-16
➖
HITCHEN, Louisa resigned
director
2025-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-02
➕
MCMURRAY-COLE, Jeremy appointed
director
2025-08-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-01
➕
ORYE, Michael appointed
director
2025-05-27
📄
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-05-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-01
➕
PAGE, Peter appointed
director
2025-05-01
➕
STEWART, James Raeburn appointed
director
2025-04-30
➕
VISTRA COSEC LIMITED appointed
corporate-secretary
2025-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-01
➕
HITCHEN, Louisa appointed
director
2025-02-01
➕
WOODWARD, Michelle appointed
director
2025-01-31
➖
SMITH, Mark Burrows resigned
director
2024-08-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-07-31
➖
WRIGHT, Colin William resigned
director
2024-07-30
📄
change-account-reference-date-company-current-extended
accounts · AA01
2024-05-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-14
📄
capital-allotment-shares
capital · SH01
2024-05-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-09
🔒
Charge registered #3
Lender: Lgt Private Debt (UK) LTD. as Security Agent
2024-05-09
🔒
Charge registered #2
Lender: Lgt Private Debt (UK) LTD.
2024-05-09
🔒
Charge registered #1
Lender: Lgt Private Debt (UK) LTD. as Security Trustee
2024-04-09
🏢
Company incorporated
As TEXTILE RECYCLING INTERNATIONAL NEWCO LIMITED
2024-04-09
➕
CLARK, Matthew Gordon appointed
director
2024-04-09
➕
SMITH, Mark Burrows appointed
director
2024-04-09
➕
WRIGHT, Colin William appointed
director
2024-04-09
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2024-04-09
📄
incorporation-company
incorporation · NEWINC

Owner dependency

60/100

High — earn-out structure required

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

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 65 — succession pressure is live.
+Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HITCHEN, Louisa resigned 2025-12-16; WOODWARD, Michelle resigned 2026-04-10

Group structure

Textile Recycling International Topco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Textile Recycling International Topco Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

TEXTILE RECYCLING INTERNATIONAL NEWCO LIMITED

This company · 15630160

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
Textile Recycling International Topco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	09/04/2024

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 →

Similar companies

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ALLSE CONSULTING LIMITED→ 15724686 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ALPHA CARE RECRUITMENT LTD→ 15942792 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AMAR HOLDINGS (WOLVERHAMPTON) LIMITED→ 01665998 · est 1982 · no financials extracted	—	—	—	—	43y	—	—
AMBERGATE & COMPANY ADVISORY LIMITED→ 15558126 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AMG SITE SERVICES LIMITED→ 15208385 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AMK MANAGEMENT SERVICES LIMITED→ 16925229 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AMREW LIMITED→ 06099124 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
ANDREWS LAW LIMITED→ 12544539 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
ANDY FITTES SERVICES LIMITED→ 11566598 · est 2018 · no financials extracted	—	—	—	—	7y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Incorporated2024-04-09

Jurisdictionengland-wales

Primary SIC70100 — Activities of head offices

Registered office

Beldray Works Beldray Road

Bilston

Wolverhampton

West Midlands

WV14 7NH

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-22

Last: 2026-04-08