PROGRESSIVE WASTE SOLUTIONS LTD

🏛️Establishedactive

SC600469 · ltd · incorporated 2018-06-20

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£-188.8k

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

ALSO REGISTERED FOR

38210SIC 38210

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

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, 2 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

1 connected companies via shared directors

Filing history

24 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £188,752

Cash draining

Cash down 62% YoY

Cash YoY

-62%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£18k

↓ 62% YoY

Net Worth

-£189k

↓ 70% YoY

Current Assets

£370k

↓ 4.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£-52.6k	£72.4k
Current assets	£370.2k	£386.5k
Cash	£17.6k	£45.9k
Debtors	£352.6k	£340.6k
Net assets	£-188.8k	£-111.1k

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

🔒Filing-note intelligence

2 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

filings

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2026-03-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-05
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-05
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-05
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-03-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-29
📄
change-person-director-company-with-change-date
officers · CH01
2021-01-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-10-11
📄
capital-allotment-shares
capital · SH01
2018-06-20
🏢
Company incorporated
As PROGRESSIVE WASTE SOLUTIONS LTD
2018-06-20
➕
DICK, Craig appointed
director
2018-06-20
➕
SMITH, Duncan Bryce appointed
director
2018-06-20
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

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.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Duncan Bryce Smith Individual · British · DOB 02/1981 · age 45	25–50%	—	25-50% shares	01/01/2019
Mr Craig Dick Individual · Scottish · DOB 07/1985 · age 41	25–50%	—	25-50% shares	01/01/2019

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 →

Similar companies

Active · Energy & utilities · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NWH GROUP LIMITED→ SC335165 · est 2007	£11.16M £8.04M–£14.29M	—	—	35600	18y	84	61y
DALTON GROUP LIMITED→ SC088385 · est 1984	£6.78M £4.88M–£8.68M	—	—	6500	41y	82	39y
AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996	£2.98M £2.14M–£3.81M	£11.23M	—	3600	29y	85	64y
BENMORE ESTATE LIMITED→ SC192048 · est 1998	—	—	£18.74M	—	27y	83	66y
BINN RENEWABLE ENERGY LIMITED→ SC375446 · est 2010 · no financials extracted	—	—	—	—	16y	83	81y
CALEDONIAN ALLOYS LIMITED→ SC162625 · est 1996 · no financials extracted	—	—	—	—	30y	83	71y
HOME BASICS (TWEEDDALE) COMPANY LIMITED→ SC234746 · est 2002 · no financials extracted	—	—	—	—	23y	83	79y
AAIRECOOL TECHNICAL SERVICES LIMITED→ SC135544 · est 1991	—	—	—	700	34y	82	72y
ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991	—	—	—	100	34y	82	68y
FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002	—	—	—	54	24y	82	64y
GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009	—	—	£753.6k	—	17y	82	59y
GREENSPAN ELECTRIC CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y

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

Incorporated2018-06-20

Jurisdictionscotland

Primary SIC38110 — SIC 38110

Registered office

Unit 10 / 11 The Clippens, Straiton

Straiton Road

Loanhead

Midlothian

EH20 9NS

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31

Officers (2 active · 0 resigned)

DICK, Craig→

director · ~41y · appointed 2018-06-20

View their other companies + combined net worth →

Active

SMITH, Duncan Bryce→

director · ~45y · appointed 2018-06-20

View their other companies + combined net worth →

Active

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

Recent filings (24 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-03-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-24

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-03-27

confirmation-statement-with-updates

confirmation-statement · CS01

2024-01-15

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-10-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-11-09

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2022-10-05

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2022-10-05

withdrawal-of-a-person-with-significant-control-statement

persons-with-significant-control · PSC09

2022-10-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-28

confirmation-statement-with-updates

confirmation-statement · CS01

2021-12-31

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-08-06