SOUTH WEST DRAINAGE SERVICES IRELAND LTD
- 43210Electrical installation
- 43220Plumbing, heat and air-conditioning installation
- 43320Joinery installation
Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 1.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.7 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £101.8k | £192.8k |
| Current assets | £79.8k | £63.6k |
| Net assets | £4.8k | £26.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (22 events)Click to expand
- 2024-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-26🔒Charge registered #1Lender: Close Brothers Limited (The “Security Trustee”)
- 2024-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-23➕CRONE, Morgan appointeddirector
- 2023-10-23➖MCVEIGH, Junior resigneddirector
- 2023-10-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-01➖CRONE, Morgan resigneddirector
- 2023-09-01➕MCVEIGH, Junior appointeddirector
- 2023-03-31📄capital-alter-shares-subdivisioncapital · SH02
- 2023-03-31📄resolutionresolution · RESOLUTIONS
- 2023-02-07📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-01-26📄legacycapital · SH20
- 2023-01-26⚠️legacyinsolvency · CAP-SS
- 2023-01-26📄resolutionresolution · RESOLUTIONS
- 2023-01-08📄capital-name-of-class-of-sharescapital · SH08
- 2022-09-30🏢Company incorporatedAs SOUTH WEST DRAINAGE SERVICES IRELAND LTD
- 2022-09-30➕CRONE, Morgan appointeddirector
- 2022-09-30📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-01-26: legacy
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Morgan Crone Individual · British · DOB 06/1964 · age 62 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/09/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Energy & utilities · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LCC POWER LIMITED→ NI608111 · est 2011 | £63.79M £45.93M–£81.65M | £166.23M | — | 3200 | 14y | 93 | 76y |
| T. MET LIMITED→ NI036781 · est 1999 | £3.51M £2.53M–£4.49M | — | — | 104 | 26y | 85 | 67y |
| JUSTFARMENERGY LIMITED→ NI057923 · est 2006 | £586.1k £422.0k–£750.2k | — | — | 1 | 20y | 82 | 58y |
| BELFAST GAS TRANSMISSION LIMITED→ NI026420 · est 1992 · no financials extracted | — | — | — | — | 34y | 83 | 77y |
| BROWNLOW HEAT TRANSFER LIMITED→ NI041271 · est 2001 | — | — | £940.0k | — | 24y | 83 | 66y |
| ENVIRONMENTAL DAMAGE MANAGEMENT LIMITED→ NI604204 · est 2010 | — | — | £164.0k | — | 15y | 83 | 61y |
| EVERGREEN NATURAL ENERGY LTD→ NI606676 · est 2011 | — | — | £3.05M | — | 15y | 83 | 60y |
| MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY→ NI045625 · est 2003 · no financials extracted | — | — | — | — | 23y | 83 | 58y |
| PREMIAIR REFRIGERATION & AIR CONDITIONING LIMITED→ NI057476 · est 2005 · no financials extracted | — | — | — | — | 20y | 83 | 70y |
| PREMIER TRANSMISSION FINANCING PUBLIC LIMITED COMPANY→ NI053751 · est 2005 · no financials extracted | — | — | — | — | 21y | 83 | 58y |
| PREMIER TRANSMISSION HOLDINGS LIMITED→ NI053757 · est 2005 · no financials extracted | — | — | — | — | 21y | 83 | 58y |
| A.C. POWERLINES LTD→ NI037382 · est 1999 | — | — | £1.32M | — | 26y | 82 | 64y |
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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 26/09/2024 | — |