FAULDS GAS SERVICES LTD
Opportunity 67/100 (strong), bankability 70/100. 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 -67% 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £-67.5k | £-30.0k |
| Current assets | £35.0k | £15.4k |
| Cash | £776 | £2.3k |
| Debtors | £34.2k | £13.1k |
| Net assets | £-67.5k | £-30.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 persons-with-significant-control
- • 1 address
- • 1 officers
- • 3 persons-with-significant-control
- • 3 officers
- • 1 address
- • 3 persons-with-significant-control
- • 3 officers
- • 1 address
Corporate timeline (26 events)Click to expand
- 2026-04-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-04-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-17📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-01➖FAULDS, Gary resigneddirector
- 2026-02-01➕BENSON, Danny appointeddirector
- 2026-01-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-09➖BENDORIS, Ashley resigneddirector
- 2024-12-17📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-17📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-18➕BENDORIS, Ashley appointeddirector
- 2024-03-18📄capital-allotment-sharescapital · SH01
- 2024-03-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-06📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-09-05📄gazette-notice-compulsorygazette · GAZ1
- 2021-10-08🏢Company incorporatedAs FAULDS GAS SERVICES LTD
- 2021-10-08➕FAULDS, Gary appointeddirector
- 2021-10-08📄incorporation-companyincorporation · NEWINC
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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BENDORIS, Ashley resigned 2025-07-09; FAULDS, Gary resigned 2026-03-01
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Danny Benson Individual · British · DOB 11/1970 · age 56 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/03/2026 |
1 historic (ceased) PSC
- Mr Gary Fauldsceased 01/03/2026· 75-100% shares · 75-100% voting · board control
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.
See pricing →Similar companies
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8 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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.