H. N. RECYCLING LIMITED

🌳Matureactive

SC397897 · ltd · incorporated 2011-04-15

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£21.1k

book net assets

Opportunity

80/100

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

Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -72% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

37 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £21,103

Net assets shrinking

Down £25,777 YoY

Cash draining

Cash down 72% YoY

Cash YoY

-72%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£19k

↓ 72% YoY

Net Worth

£21k

↓ 55% YoY

Current Assets

£52k

↓ 67% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£21.1k	£48.9k
Current assets	£51.5k	£155.9k
Cash	£19.0k	£68.7k
Debtors	£32.6k	£87.2k
Net assets	£21.1k	£46.9k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-25
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-08-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-08-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-11-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-12
📄
change-person-director-company-with-change-date
officers · CH01
2015-12-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-04-15
🏢
Company incorporated
As H. N. RECYCLING LIMITED
2011-04-15
➕
CHRISTOFFERSEN, Hans Josef appointed
director
2011-04-15
➕
CHRISTOFFERSEN, Niels Eric appointed
director

Owner dependency

96/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

89/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 15 years.
secondaryStable-but-static management: Company is 15 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Hans Josef Christoffersen Individual · British · DOB 06/1979 · age 47	25–50%	25–50%	25-50% shares · 25-50% voting	30/06/2016
Mr Neils Eric Christoffersen Individual · British · DOB 10/1949 · age 77	25–50%	25–50%	25-50% shares · 25-50% voting	30/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

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Company details

Statusactive

Typeltd

Incorporated2011-04-15

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

22 Backbrae Street

Kilsyth

Glasgow

North Lanarkshire

G65 0NH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-29

Last: 2026-04-15

Officers (2 active · 0 resigned)

CHRISTOFFERSEN, Hans Josef→

director · ~47y · appointed 2011-04-15

View their other companies + combined net worth →

Active

CHRISTOFFERSEN, Niels Eric→

director · ~77y · appointed 2011-04-15

View their other companies + combined net worth →

Active

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