HIGHLANDER INTERNATIONAL RECYCLING LIMITED

🌳Matureactive
SC265586 · ltd · incorporated 2004-03-29
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 18.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.59M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 83/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 18.6y

50/100
clean up first

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

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
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
10 officers (5 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
78 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 · accounting standard not declared
Positive net assets
Net assets £1,587,013
Cash YoY
-14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£173k
↓ 14% YoY
Net Worth
£1.6m
↑ 1.4% YoY
Current Assets
£448k
↓ 3.0% YoY
Current Liabilities
—
£0£317k£635k£952k£1.3m£1.6mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.94M£1.85M
Current assets£448.1k£461.8k
Cash£173.3k£201.4k
Debtors£185.7k£192.1k
Net assets£1.59M£1.57M

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-09-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-09-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-09-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-03-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-01-20
    ➕
    BINGHAM, Lewis appointed
    director
  12. 2020-01-20
    ➕
    O'BRIEN, Tracey appointed
    director
  13. 2019-04-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2019-03-30
    🔓
    Charge satisfied #3
  16. 2018-03-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2016-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-04-23
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  20. 2014-04-15
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  21. 2010-12-20
    ➖
    DELFORGE, Marc resigned
    director
  22. 2007-09-21
    ➕
    DELFORGE, Marc appointed
    director
  23. 2007-09-21
    🔒
    Charge registered #1
    Lender: Anthon B Nilsen
  24. 2006-03-31
    ➕
    DUFFY, Stephen Thomas appointed
    director
  25. 2005-05-27
    ➕
    BINGHAM, Margaret appointed
    secretary
  26. 2005-05-27
    ➕
    BINGHAM, Brian appointed
    director
  27. 2005-05-27
    ➖
    BINGHAM, Brian resigned
    secretary
  28. 2005-05-27
    ➖
    BINGHAM, Margaret resigned
    director
  29. 2004-03-29
    🏢
    Company incorporated
    As HIGHLANDER INTERNATIONAL RECYCLING LIMITED
  30. 2004-03-29
    ➕
    BINGHAM, Brian appointed
    secretary
  31. 2004-03-29
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  32. 2004-03-29
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  33. 2004-03-29
    ➕
    BINGHAM, Margaret appointed
    director
  34. 2004-03-29
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  35. 2004-03-29
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Brian Bingham
Individual · British · DOB 05/1965 · age 61
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Stephen Thomas Duffy
Individual · British · DOB 07/1976 · age 50
25–50%
—25-50% shares01/01/2022

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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ENVIROCLEAN (SCOTLAND) LIMITED→
SC176022 · est 1997
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——24628y8459y
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——590061y8459y
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——021y8459y
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————22y8371y
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——£646.8k—15y8361y
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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
Incorporated2004-03-29
Jurisdictionscotland
Primary SIC38320 — SIC 38320

Registered office

7-10 Linwood Avenue
East Kilbride
Glasgow
G74 5NE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23

Officers (5 active · 5 resigned)

BINGHAM, Margaret→
secretary · appointed 2005-05-27
View their other companies + combined net worth →
Active
BINGHAM, Brian→
director · ~61y · appointed 2005-05-27
View their other companies + combined net worth →
Active
BINGHAM, Lewis→
director · ~33y · appointed 2020-01-20
View their other companies + combined net worth →
Active
DUFFY, Stephen Thomas→
director · ~50y · appointed 2006-03-31
View their other companies + combined net worth →
Active
O'BRIEN, Tracey→
director · ~38y · appointed 2020-01-20
View their other companies + combined net worth →
Active
BINGHAM, Brian→
secretary · appointed 2004-03-29 · resigned 2005-05-27
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-03-29 · resigned 2004-03-29
Resigned
BINGHAM, Margaret→
director · ~57y · appointed 2004-03-29 · resigned 2005-05-27
Resigned
DELFORGE, Marc→
director · ~58y · appointed 2007-09-21 · resigned 2010-12-20
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2004-03-29 · resigned 2004-03-29
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge1 property23/04/201430/03/2019
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—15/04/2014—
outstanding
Anthon B Nilsen / Anthon B Nilsen / Anthon B Nilsen Sas
Floating charge1 property21/09/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
change-person-director-company-with-change-date
officers · CH01
2026-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-23