ALLAN WATER LIMITED

🌳Matureactive
SC090988 · ltd · incorporated 1984-12-17
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
—
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 86102Medical nursing home activities
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 32/100. Strong seller-intent signal (83/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 39.5y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 39.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
13 officers (3 active, 13 linked, 10 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
127 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31
Average employees00

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

🔒Filing-note intelligence

3 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-04-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-03-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-04-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2021-03-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2020-07-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2019-05-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2018-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-05-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-05-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-12-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2015-12-23
    🔓
    Charge satisfied #6
  13. 2015-12-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-12-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2015-12-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2015-11-30
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  17. 2015-11-27
    🔒
    Charge registered #7
    Lender: Bank of Scotland PLC
  18. 2015-11-09
    ➕
    BAXTER, James appointed
    director
  19. 2015-11-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2014-09-22
    🔓
    Charge satisfied #4
  21. 2012-08-17
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  22. 2012-05-25
    🔒
    Charge registered #4
    Lender: Trustees of Andrew Fleming and Sons
  23. 2010-04-02
    ➖
    STIRLING, Elizabeth Carol resigned
    director
  24. 2010-04-02
    ➖
    STIRLING, Ian Cruickshank resigned
    director
  25. 2009-05-01
    ➕
    BAXTER, James appointed
    secretary
  26. 2009-05-01
    ➖
    STIRLING, Ian Cruickshank resigned
    secretary
  27. 2007-04-04
    ➕
    STIRLING, David Charles appointed
    director
  28. 2007-04-04
    ➖
    COWLING, Elaine Maitland resigned
    director
  29. 2007-04-04
    ➕
    STIRLING, Elizabeth Carol appointed
    director
  30. 2007-04-04
    ➕
    STIRLING, Ian Cruickshank appointed
    director
  31. 2007-04-04
    ➖
    STIRLING, Jamie Murrie Cruikshank resigned
    director
  32. 2006-07-31
    ➖
    STIRLING, David Charles resigned
    director
  33. 2006-07-27
    ➕
    COWLING, Elaine Maitland appointed
    director
  34. 2002-07-23
    ➖
    DAVIDSON, Jean Mcdowall resigned
    secretary
  35. 2002-07-23
    ➕
    STIRLING, Ian Cruickshank appointed
    secretary
  36. 2002-07-23
    ➖
    DAVIDSON, Jean Mcdowall resigned
    director
  37. 2002-07-23
    ➖
    GORRIE, Isabella Russell resigned
    director
  38. 2002-07-23
    ➖
    GORRIE, Marshall resigned
    director
  39. 2002-07-23
    ➕
    STIRLING, David Charles appointed
    director
  40. 2002-07-23
    ➕
    STIRLING, Jamie Murrie Cruikshank appointed
    director
  41. 1992-05-15
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  42. 1992-03-30
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  43. 1988-01-01
    ➕
    DAVIDSON, Jean Mcdowall appointed
    director
  44. 1986-10-17
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  45. 1984-12-17
    🏢
    Company incorporated
    As ALLAN WATER LIMITED

Owner dependency

83/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 41 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

1 med · 1 low
Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Charles Stirling
Individual · British · DOB 08/1971 · age 55
—75–100%board controlsig. influence75-100% voting · board control · significant influence · firm interest06/04/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated1984-12-17
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

24b Kenilworth Road
Bridge Of Allan
Stirling
FK9 4DU

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-12-02
Last: 2025-11-18

Officers (3 active · 10 resigned)

BAXTER, James→
secretary · appointed 2009-05-01
View their other companies + combined net worth →
Active
BAXTER, James→
director · ~68y · appointed 2015-11-09
View their other companies + combined net worth →
Active
STIRLING, David Charles→
director · ~55y · appointed 2007-04-04
View their other companies + combined net worth →
Active
DAVIDSON, Jean Mcdowall→
secretary · resigned 2002-07-23
Resigned
STIRLING, Ian Cruickshank→
secretary · appointed 2002-07-23 · resigned 2009-05-01
Resigned
COWLING, Elaine Maitland→
director · ~67y · appointed 2006-07-27 · resigned 2007-04-04
Resigned
DAVIDSON, Jean Mcdowall→
director · ~71y · appointed 1988-01-01 · resigned 2002-07-23
Resigned
GORRIE, Isabella Russell→
director · ~98y · resigned 2002-07-23
Resigned
GORRIE, Marshall→
director · ~106y · resigned 2002-07-23
Resigned
STIRLING, David Charles→
director · ~55y · appointed 2002-07-23 · resigned 2006-07-31
Resigned
STIRLING, Elizabeth Carol→
director · ~79y · appointed 2007-04-04 · resigned 2010-04-02
Resigned
STIRLING, Ian Cruickshank→
director · ~84y · appointed 2007-04-04 · resigned 2010-04-02
Resigned
STIRLING, Jamie Murrie Cruikshank→
director · ~50y · appointed 2002-07-23 · resigned 2007-04-04
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property30/11/201523/12/2015
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property27/11/2015—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property17/08/2012—
satisfied
Trustees of Andrew Fleming and Sons
Standard security1 property25/05/201222/09/2014
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/05/1992—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/03/1992—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property17/10/1986—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (127 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-20
accounts-with-accounts-type-small
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-small
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-small
accounts · AA
2023-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-small
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
accounts-with-accounts-type-small
accounts · AA
2021-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-09
accounts-with-accounts-type-small
accounts · AA
2020-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-09
accounts-with-accounts-type-small
accounts · AA
2019-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-10