NATHANS WASTE SAVERS LIMITED

🌳Matureactive
SC140595 · ltd · incorporated 1992-10-07
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
£23.10M
year to Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 57/100. 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 (77/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 7.7y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 7.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
21 officers (5 active, 21 linked, 15 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
139 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £384,610

Key financials

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

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Turnover£23.10M
Gross profit£4.98M
Operating profit£1.38M
Profit before tax£384.6k
Average employees29900

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
0
filings
Last 90 days
1
filing
  • • 1 officers
Last 180 days
4
filings
  • • 3 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
  1. 2026-04-28
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  2. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-10
    ➖
    WOODWARD, Michelle resigned
    director
  4. 2026-03-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2026-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2026-02-10
    ➕
    JACKSON, Andrew appointed
    director
  7. 2025-12-16
    ➖
    HITCHEN, Louisa resigned
    director
  8. 2025-12-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-12-02
    ➕
    MCMURRAY-COLE, Jeremy appointed
    director
  11. 2025-10-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2025-08-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2025-08-01
    ➕
    ORYE, Michael appointed
    director
  14. 2025-05-26
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  15. 2025-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2025-05-01
    ➕
    FLORENCE, Alan appointed
    director
  17. 2025-04-30
    ➕
    VISTRA COSEC LIMITED appointed
    corporate-secretary
  18. 2025-02-10
    📄
    accounts-with-accounts-type-group
    accounts · AA
  19. 2025-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2025-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2025-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2025-02-01
    ➕
    WOODWARD, Michelle appointed
    director
  23. 2025-01-31
    ➖
    BURROWS SMITH, Mark resigned
    director
  24. 2025-01-31
    ➕
    HITCHEN, Louisa appointed
    director
  25. 2024-11-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  26. 2024-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2024-10-01
    ➖
    WILSON, Andrew Neil resigned
    director
  28. 2024-07-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  29. 2024-06-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  30. 2024-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2024-05-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  32. 2024-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  33. 2024-05-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  34. 2024-05-09
    🔒
    Charge registered #4
    Lender: Lgt Private Debt (UK) LTD. as Security Agent
  35. 2024-05-09
    🔒
    Charge registered #3
    Lender: Lgt Private Debt (UK) LTD as Security Agent
  36. 2024-03-27
    📄
    resolution
    resolution · RESOLUTIONS
  37. 2024-03-21
    ➕
    BURROWS SMITH, Mark appointed
    director
  38. 2024-03-21
    ➖
    ELLIOTT, Trevor John resigned
    director
  39. 2024-03-21
    ➖
    HALLWORTH, Ryan resigned
    director
  40. 2019-11-14
    ➖
    SCAIFE, Andrew John resigned
    director
  41. 2019-05-20
    ➖
    ROBINSON, Andrew Phillip resigned
    director
  42. 2018-10-29
    🔒
    Charge registered #2
    Lender: Glas Trust Corporation Limited (As Security Agent)
  43. 2018-10-29
    🔒
    Charge registered #1
    Lender: Glas Trust Corporation Limited (As Security Agent)
  44. 2018-10-16
    ➖
    O'BRIEN, Brendan Henry resigned
    secretary
  45. 2018-10-16
    ➕
    ELLIOTT, Trevor John appointed
    director
  46. 2018-10-16
    ➖
    ELLIOTT, Trevor John resigned
    director
  47. 2018-10-16
    ➕
    HALLWORTH, Ryan appointed
    director
  48. 2018-10-16
    ➖
    O'BRIEN, Brendan Henry resigned
    director
  49. 2018-10-16
    ➕
    ROBINSON, Andrew Phillip appointed
    director
  50. 2018-10-16
    ➕
    SCAIFE, Andrew John appointed
    director
Showing most recent 50 of 65 events

Owner dependency

48/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.

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 Newco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Textile Recycling International Newco Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
NATHANS WASTE SAVERS LIMITED
This company · SC140595

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
Textile Recycling International Newco Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting08/05/2024
3 historic (ceased) PSCs
  • Glas Trust Corporation Limitedceased 08/05/2024· 75-100% shares
  • Textile Recycling International Limitedceased 29/10/2018· 75-100% shares · 75-100% voting · board control
  • Mr Brendan Henry O'Brienceased 22/10/2018· significant influence · trust interest

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

7 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
Incorporated1992-10-07
Jurisdictionscotland
Primary SIC38320 — SIC 38320

Registered office

13 Winchester Avenue
Denny
FK6 6QE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-21
Last: 2025-10-07

Officers (5 active · 16 resigned)

VISTRA COSEC LIMITED→
corporate-secretary · appointed 2025-04-30
View their other companies + combined net worth →
Active
FLORENCE, Alan→
director · ~58y · appointed 2025-05-01
View their other companies + combined net worth →
Active
JACKSON, Andrew→
director · ~53y · appointed 2026-02-10
View their other companies + combined net worth →
Active
MCMURRAY-COLE, Jeremy→
director · ~48y · appointed 2025-12-02
View their other companies + combined net worth →
Active
ORYE, Michael→
director · ~54y · appointed 2025-08-01
View their other companies + combined net worth →
Active
O'BRIEN, Brendan Henry→
secretary · appointed 2008-02-27 · resigned 2018-10-16
Resigned
O'BRIEN, Brendan Sylvester→
secretary · appointed 1999-09-07 · resigned 2008-02-27
Resigned
O'BRIEN, Brendan Henry→
secretary · appointed 1992-10-07 · resigned 1999-09-07
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1992-10-07 · resigned 1992-10-07
Resigned
BURROWS SMITH, Mark→
director · ~59y · appointed 2024-03-21 · resigned 2025-01-31
Resigned
ELLIOTT, Trevor John→
director · ~59y · appointed 2018-10-16 · resigned 2024-03-21
Resigned
ELLIOTT, Trevor John→
director · ~59y · appointed 2000-02-07 · resigned 2018-10-16
Resigned
HALLWORTH, Ryan→
director · ~43y · appointed 2018-10-16 · resigned 2024-03-21
Resigned
HITCHEN, Louisa→
director · ~37y · appointed 2025-01-31 · resigned 2025-12-16
Resigned
O'BRIEN, Brendan Henry→
director · ~57y · appointed 1999-09-07 · resigned 2018-10-16
Resigned
O'BRIEN, Brendan Sylvester→
director · ~80y · appointed 1992-10-07 · resigned 1996-10-31
Resigned
ROBINSON, Andrew Phillip→
director · ~59y · appointed 2018-10-16 · resigned 2019-05-20
Resigned
SCAIFE, Andrew John→
director · ~50y · appointed 2018-10-16 · resigned 2019-11-14
Resigned
WILSON, Andrew Neil→
director · ~60y · appointed 2018-10-16 · resigned 2024-10-01
Resigned
WOODWARD, Michelle→
director · ~55y · appointed 2025-02-01 · resigned 2026-04-10
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lgt Private Debt (UK) . as Security Agent
Lgt Private Debt (UK) LTD. as Security Agent
A registered charge8 properties09/05/2024—
outstanding
Lgt Private Debt (UK) as Security Agent
Lgt Private Debt (UK) LTD as Security Agent
A registered charge—09/05/2024—
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property29/10/2018—
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property29/10/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (139 total)

change-corporate-secretary-company-with-change-date
officers · CH04
2026-04-28
termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
accounts-with-accounts-type-full
accounts · AA
2026-03-31
appoint-person-director-company-with-name-date
officers · AP01
2026-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
appoint-person-director-company-with-name-date
officers · AP01
2025-08-22
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-05-26
appoint-person-director-company-with-name-date
officers · AP01
2025-05-07
accounts-with-accounts-type-group
accounts · AA
2025-02-10
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
2025-02-05