MCKINSTRY METAL RECYCLING LIMITED

🏛️Establishedactive
NI645645 · ltd · incorporated 2017-05-08
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.8y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
65/100
Strong
🔔
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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 65/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

3 live charges · oldest 7.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees9700

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-07-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-07-01
    MCKINSTRY, Bradley appointed
    director
  5. 2025-07-01
    RUTLEDGE, Arran appointed
    director
  6. 2025-04-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-03-31
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
  8. 2024-12-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2024-08-05
    📄
    memorandum-articles
    incorporation · MA
  10. 2024-08-05
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2024-07-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-07-29
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
  13. 2024-05-16
    MCKINSTRY, Mark Edward resigned
    director
  14. 2024-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2023-12-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2023-01-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2021-12-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2020-11-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2019-12-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2019-05-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2018-08-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2018-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2018-07-25
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
  24. 2017-05-08
    🏢
    Company incorporated
    As MCKINSTRY METAL RECYCLING LIMITED
  25. 2017-05-08
    MCKINSTRY, Darren William appointed
    director
  26. 2017-05-08
    MCKINSTRY, Mark Edward appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder name in company name: Company name contains director surname "MCKINSTRY" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-21

Group structure

Aldamar Holdings Ltd. is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aldamar Holdings Ltd.
Corporate parent · holds 75-100% shares · board control
ultimate parent
MCKINSTRY METAL RECYCLING LIMITED
This company · NI645645

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
Aldamar Holdings Ltd.
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control24/01/2018
1 historic (ceased) PSC
  • Mlc Legal Nominees Limitedceased 05/06/2018· 75-100% shares · 75-100% voting

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

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
Incorporated2017-05-08
Jurisdictionnorthern-ireland
Primary SIC38320 — SIC 38320

Registered office

81-83 Belfast Road
Nutts Corner
Crumlin
County Antrim
BT29 4TL
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-21OVERDUE
Last: 2025-05-07

Officers (3 active · 1 resigned)

MCKINSTRY, Bradley
director · ~28y · appointed 2025-07-01
View their other companies + combined net worth →
Active
MCKINSTRY, Darren William
director · ~52y · appointed 2017-05-08
View their other companies + combined net worth →
Active
RUTLEDGE, Arran
director · ~50y · appointed 2025-07-01
View their other companies + combined net worth →
Active
MCKINSTRY, Mark Edward
director · ~56y · appointed 2017-05-08 · resigned 2024-05-16
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland (As Security Trustee)
A registered charge31/03/2025
outstanding
The Governor and Company of the Bank of Ireland (As Security Trustee)
A registered charge1 property29/07/2024
outstanding
The Governor and Company of the Bank of Ireland (As Security Trustee)
A registered charge25/07/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-23
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-03
accounts-with-accounts-type-small
accounts · AA
2024-12-16
memorandum-articles
incorporation · MA
2024-08-05
resolution
resolution · RESOLUTIONS
2024-08-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-31
termination-director-company-with-name-termination-date
officers · TM01
2024-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-10
accounts-with-accounts-type-small
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-11
accounts-with-accounts-type-small
accounts · AA
2023-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09