COSTAIN UPSTREAM LIMITED
Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 17.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (83 events)Click to expand
- 2025-11-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-03➖WHITE, Samuel Michael resigneddirector
- 2025-07-16📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-05-29📄legacyaccounts · PARENT_ACC
- 2025-05-29📄legacyother · GUARANTEE2
- 2025-05-29📄legacyother · AGREEMENT2
- 2025-04-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-06-19📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-19📄legacyaccounts · PARENT_ACC
- 2024-06-19📄legacyother · AGREEMENT2
- 2024-06-19📄legacyother · GUARANTEE2
- 2024-06-16📄legacyother · AGREEMENT2
- 2023-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-16📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-08-03📄accounts-with-accounts-type-fullaccounts · AA
- 2022-07-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-07-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-07-05➕GEOGHEGAN, Nicole Ann appointedsecretary
- 2022-07-05➖HARRIS, Sharon resignedsecretary
- 2022-03-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-18➕SUTER, Philip Charles Anthony appointeddirector
- 2022-03-18➖HUNTER, Martin David resigneddirector
- 2022-01-04➕WHITE, Samuel Michael appointeddirector
- 2021-12-31➖MAYHEW, Maxine Eleanor, Dr resigneddirector
- 2020-12-18➖ATKINSON, Mark Roger resigneddirector
- 2020-12-18➕HUNTER, Martin David appointeddirector
- 2020-09-01➕HARRIS, Sharon appointedsecretary
- 2020-09-01➖WOOD, Tracey Alison resignedsecretary
- 2020-04-06➕MAYHEW, Maxine Eleanor, Dr appointeddirector
- 2020-04-06➖SHORE, Gerard Nikolas resigneddirector
- 2020-04-06➖VAUGHAN, Alexander John resigneddirector
- 2018-12-07🔓Charge satisfied #2
- 2018-12-07🔓Charge satisfied #1
- 2018-06-30➖HARRIS, Matthew James resigneddirector
- 2017-05-02➕ATKINSON, Mark Roger appointeddirector
- 2017-05-02➕SHORE, Gerard Nikolas appointeddirector
- 2017-02-15➖MACKAY, Frazer Stuart resigneddirector
- 2016-12-31➖KIRKBRIDE, Peter resigneddirector
- 2016-11-30➖GARTON, Jonathan Hugh Leslie resigneddirector
- 2015-05-22➕MACKAY, Frazer Stuart appointeddirector
- 2015-05-22➖WALLACE, Keith resigneddirector
- 2014-04-07➕GARTON, Jonathan Hugh Leslie appointeddirector
- 2014-04-07➕KIRKBRIDE, Peter appointeddirector
- 2014-04-07➕WALLACE, Keith appointeddirector
- 2014-04-03➖CLOSE, Sean Austin resigneddirector
- 2014-04-03➖COOK, Guy Stephen Molyneux resigneddirector
- 2014-04-03➖SHOKER, Satnam Singh resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanGroup structure
Costain Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Costain Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
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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 →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 (2 active · 28 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Floating charge | 1 property | 19/05/2009 | 07/12/2018 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 28/04/2009 | 07/12/2018 |