MITCHELL DRAINAGE AND WASTE SERVICES LIMITED

🌳Matureactive
SC184396 · ltd · incorporated 1998-04-01
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£508.0k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 27.9y

50/100
clean up first

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

  • · Oldest live charge is 27.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 5 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £507,977

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£508k
↑ 28% YoY
Current Assets
£614k
↑ 23% YoY
Current Liabilities
—
£0£123k£246k£368k£491k£614kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£521.0k£409.5k
Current assets£614.0k£498.7k
Net assets£508.0k£398.0k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2023-01-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-04-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2022-04-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2022-04-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-03-31
    ➕
    CLARK, Eric appointed
    secretary
  11. 2022-03-31
    ➖
    WJM SECRETARIES LIMITED resigned
    corporate-secretary
  12. 2022-02-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-04-01
    ➕
    DUFFY, Nicole appointed
    director
  16. 2020-04-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2005-08-17
    🔓
    Charge satisfied #1
  21. 2005-06-30
    ➕
    CLARK, Eric appointed
    director
  22. 2005-06-30
    ➖
    MITCHELL, Sandra resigned
    secretary
  23. 2005-06-30
    ➕
    WJM SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2005-06-30
    ➖
    MITCHELL, Roy resigned
    director
  25. 2005-06-30
    ➖
    MITCHELL, Sandra resigned
    director
  26. 2005-06-30
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  27. 2004-08-31
    ➖
    YOUNG, Tracey resigned
    director
  28. 2001-05-01
    ➕
    YOUNG, Tracey appointed
    director
  29. 1998-06-15
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  30. 1998-05-01
    ➕
    MITCHELL, Sandra appointed
    secretary
  31. 1998-05-01
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  32. 1998-05-01
    ➕
    MITCHELL, Roy appointed
    director
  33. 1998-05-01
    ➕
    MITCHELL, Sandra appointed
    director
  34. 1998-05-01
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-nominee-director
  35. 1998-05-01
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-director
  36. 1998-04-01
    🏢
    Company incorporated
    As MITCHELL DRAINAGE AND WASTE SERVICES LIMITED
  37. 1998-04-01
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  38. 1998-04-01
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-nominee-director
  39. 1998-04-01
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️
Longhaul Spirit Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
MITCHELL DRAINAGE AND WASTE SERVICES LIMITED
This company · SC184396

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
Longhaul Spirit Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1998-04-01
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

76 Hamilton Road
Motherwell
ML1 3BY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (3 active · 8 resigned)

CLARK, Eric→
secretary · appointed 2022-03-31
View their other companies + combined net worth →
Active
CLARK, Eric→
director · ~63y · appointed 2005-06-30
View their other companies + combined net worth →
Active
DUFFY, Nicole→
director · ~48y · appointed 2020-04-01
View their other companies + combined net worth →
Active
MITCHELL, Sandra→
secretary · appointed 1998-05-01 · resigned 2005-06-30
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1998-04-01 · resigned 1998-05-01
Resigned
WJM SECRETARIES LIMITED→
corporate-secretary · appointed 2005-06-30 · resigned 2022-03-31
Resigned
MITCHELL, Roy→
director · ~73y · appointed 1998-05-01 · resigned 2005-06-30
Resigned
MITCHELL, Sandra→
director · ~73y · appointed 1998-05-01 · resigned 2005-06-30
Resigned
YOUNG, Tracey→
director · ~52y · appointed 2001-05-01 · resigned 2004-08-31
Resigned
HMS DIRECTORS LIMITED→
corporate-nominee-director · appointed 1998-04-01 · resigned 1998-05-01
Resigned
HMS SECRETARIES LIMITED→
corporate-nominee-director · appointed 1998-04-01 · resigned 1998-05-01
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property30/06/2005—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property15/06/199817/08/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (98 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-04-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-04-01
appoint-person-secretary-company-with-name-date
officers · AP03
2022-04-01
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-03