ARMSTRONG WASTE MANAGEMENT LIMITED
💤Zombieactive
SC109950 · ltd · incorporated 1988-03-17
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 37/100. Strong seller-intent signal (63/100, director aged 82). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
11 live charges · 7 lenders · oldest 36.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 36.9 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
14 officers (1 active, 14 linked, 10 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
141 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 dissolution
Last 180 days
3
filings
- • 1 dissolution
- • 1 gazette
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
- 2026-04-08📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2026-03-03📄gazette-notice-compulsorygazette · GAZ1
- 2025-01-14📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-09📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-01➖THOMSON, Andrena resignedsecretary
- 2023-07-01➖ARMSTRONG, Janet Mary resigneddirector
- 2023-03-20📄accounts-with-accounts-type-smallaccounts · AA
- 2022-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-27➖ARMSTRONG, Barbara Helen resigneddirector
- 2022-09-27➖ARMSTRONG, John Johnston resigneddirector
- 2022-06-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-06-15➖THOMSON, Andrea resignedsecretary
- 2022-05-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-22📄accounts-with-accounts-type-smallaccounts · AA
- 2021-12-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-07📄accounts-with-accounts-type-smallaccounts · AA
- 2021-03-31➖ARMSTRONG, Joyce resigneddirector
- 2021-01-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-12-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-12-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-29➕THOMSON, Andrea appointedsecretary
- 2020-12-29➕THOMSON, Andrena appointedsecretary
- 2020-12-24➖WINTER, Brian resignedsecretary
- 2020-12-24➖WINTER, Brian resigneddirector
- 2019-06-21➖CONCHIE, George Samuel resigneddirector
- 2019-06-21➖RAE, Michael George resigneddirector
- 2018-06-13🔓Charge satisfied #9
- 2018-06-13🔓Charge satisfied #7
- 2018-06-13🔓Charge satisfied #6
- 2018-05-25🔒Charge registered #11Lender: Aib Group (UK) PLC
- 2018-05-15🔒Charge registered #10Lender: Aib Group (UK) PLC
- 2014-04-07➕ARMSTRONG, Joyce appointeddirector
- 2013-09-20➕ARMSTRONG, Barbara Helen appointeddirector
- 2013-09-20➕ARMSTRONG, Janet Mary appointeddirector
- 2013-09-20➕ARMSTRONG, John Johnston appointeddirector
- 2013-02-27🔒Charge registered #9Lender: The Co-Operative Bank PLC
- 2013-02-21🔒Charge registered #8Lender: The Co-Operative Bank PLC
- 2013-02-21🔒Charge registered #7Lender: The Co-Operative Bank PLC
- 2013-02-21🔓Charge satisfied #5
- 2013-02-18🔓Charge satisfied #3
- 2013-02-07🔒Charge registered #6Lender: The Co-Operative Bank PLC
- 2008-08-15🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2008-06-16🔒Charge registered #4Lender: John Andrew Armstrong
- 2007-11-05➖HUNTER, Janet Mary resigneddirector
- 2006-09-01➕CONCHIE, George Samuel appointeddirector
Showing most recent 50 of 61 events
Owner dependency
100/100
Critical — business is the founderThe 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 name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
- +Founder age: Director aged approximately 82 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-12-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Johnston Armstrong Individual · British · DOB 01/1970 · age 56 | 25–50% | — | 25-50% shares | 06/04/2016 |
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
Active · Energy & utilities · DG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 2DM DRUM LIMITED→ SC413475 · est 2011 | — | — | — | 0 | 14y | 80 | 62y |
| BLANTYRE HYDRO LIMITED→ SC481408 · est 2014 · no financials extracted | — | — | — | — | 11y | 80 | 71y |
| CHARLESFIELD AD LIMITED→ SC484797 · est 2014 | — | — | £2.67M | — | 11y | 80 | 66y |
| HIGH MILTON GREEN ENERGY LTD.→ SC394930 · est 2011 | — | — | £168.6k | — | 15y | 80 | 77y |
| SJM PIPELINE INSPECTIONS LIMITED→ SC329584 · est 2007 | — | — | £170.9k | — | 18y | 80 | 67y |
| GLENQUICKEN ENG. LTD→ SC526347 · est 2016 | — | — | — | 2 | 10y | 79 | 71y |
| KNOCKNAIN DEVELOPMENTS LIMITED→ SC388517 · est 2010 | — | — | — | 200 | 15y | 79 | 65y |
| MILNE WRIGHT LTD→ SC513692 · est 2015 | — | — | — | 0 | 10y | 79 | 67y |
| PULARYAN BURN HYDRO LIMITED→ SC438583 · est 2012 | — | — | £17.5k | — | 13y | 79 | 72y |
| SOS DRAINS LIMITED→ SC339576 · est 2008 · no financials extracted | — | — | — | — | 18y | 79 | 61y |
| THE FURNITURE PROJECT (STRANRAER) LTD.→ SC176908 · est 1997 · no financials extracted | — | — | — | — | 28y | 79 | 92y |
| TINWALD POWER LIMITED→ SC463193 · est 2013 | — | — | — | 100 | 12y | 79 | 65y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1988-03-17
Jurisdictionscotland
Primary SIC38110 — SIC 38110
Registered office
Unit 2 Downs Way Industrial Estate
Heathhall
Dumfries
DG1 3RS
Scotland
Filing status
Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (1 active · 13 resigned)
Active
ARMSTRONG, Joyce→
Resignedsecretary · resigned 2005-05-20
THOMSON, Andrea→
Resignedsecretary · appointed 2020-12-29 · resigned 2022-06-15
THOMSON, Andrena→
Resignedsecretary · appointed 2020-12-29 · resigned 2023-07-01
WINTER, Brian→
Resignedsecretary · appointed 2005-05-20 · resigned 2020-12-24
ARMSTRONG, Barbara Helen→
Resigneddirector · ~60y · appointed 2013-09-20 · resigned 2022-09-27
ARMSTRONG, Janet Mary→
Resigneddirector · ~60y · appointed 2013-09-20 · resigned 2023-07-01
ARMSTRONG, John Johnston→
Resigneddirector · ~56y · appointed 2013-09-20 · resigned 2022-09-27
ARMSTRONG, Joyce→
Resigneddirector · ~83y · appointed 2014-04-07 · resigned 2021-03-31
ARMSTRONG, Joyce→
Resigneddirector · ~83y · resigned 2005-05-20
CONCHIE, George Samuel→
Resigneddirector · ~56y · appointed 2006-09-01 · resigned 2019-06-21
HUNTER, Janet Mary→
Resigneddirector · ~60y · resigned 2007-11-05
RAE, Michael George→
Resigneddirector · ~60y · appointed 1999-09-14 · resigned 2019-06-21
WINTER, Brian→
Resigneddirector · ~69y · appointed 2003-08-28 · resigned 2020-12-24
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
4
Outstanding
3
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 25/05/2018 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | — | 15/05/2018 | — | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 27/02/2013 | 13/06/2018 | |
| outstanding | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 21/02/2013 | — | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 21/02/2013 | 13/06/2018 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Floating charge | 1 property | 07/02/2013 | 13/06/2018 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 15/08/2008 | 21/02/2013 | |
| outstanding | John Andrew Armstrong | Standard security | 1 property | 16/06/2008 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/06/1995 | 18/02/2013 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture floating charge | 1 property | 23/05/1990 | 04/09/1995 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 23/06/1989 | 12/12/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (141 total)
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-04-08
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-small
accounts · AA
2025-01-14
accounts-with-accounts-type-small
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
termination-director-company-with-name-termination-date
officers · TM01
2023-07-31
termination-secretary-company-with-name-termination-date
officers · TM02
2023-07-26
accounts-with-accounts-type-small
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-10
termination-director-company-with-name-termination-date
officers · TM01
2022-10-03
termination-director-company-with-name-termination-date
officers · TM01
2022-10-03
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-27