WATER AT WORK LIMITED
⚰️Wound downdissolved
SC119721 · ltd · incorporated 1989-08-23
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 33.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 33.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
21 officers (2 active, 21 linked, 15 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
156 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2016-08-02📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2016-08-02🏁Company dissolved
- 2016-05-17📄gazette-notice-voluntarygazette · GAZ1(A)
- 2016-05-06📄dissolution-application-strike-off-companydissolution · DS01
- 2016-02-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-02-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-02-05➕MACPHERSON, Brian Richard appointeddirector
- 2016-02-05➖PLOUVIN, Olivier resigneddirector
- 2016-02-05➖SHAPIRA, Yariv resigneddirector
- 2015-09-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-05-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-06-21➕MACLAY MURRAY & SPENS LLP appointedcorporate-secretary
- 2013-06-21➖SF SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2013-06-21📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2013-06-21📄appoint-corporate-secretary-company-with-nameofficers · AP04
- 2013-06-21📄termination-secretary-company-with-nameofficers · TM02
- 2013-05-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-09-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-04-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-09-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-04-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-01-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2011-01-11⚠️legacyinsolvency · CAP-SS
- 2011-01-11📄legacycapital · SH20
- 2011-01-11📄resolutionresolution · RESOLUTIONS
- 2010-09-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-04-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-12-22➖CUNIA, Gadi resigneddirector
- 2008-12-22➕SHAPIRA, Yariv appointeddirector
- 2008-10-03➖HOWIE, William resigneddirector
- 2008-04-25➖KITLEY, Robert Gowan resigneddirector
- 2008-03-04➕HOWIE, William appointeddirector
- 2007-09-21➖BRINDLEY, Philippa Lucy resigneddirector
- 2007-09-21➕PLOUVIN, Olivier appointeddirector
- 2007-02-12➕KITLEY, Robert Gowan appointeddirector
- 2006-09-30➕BRINDLEY, Philippa Lucy appointeddirector
- 2006-04-30➖GUTTINGER, Antoine Jean Yves resigneddirector
- 2004-06-19🔓Charge satisfied #4
- 2004-05-20➖HARVEY, Kristine resignedsecretary
- 2004-05-20➕SF SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2004-04-24➖HECKER, Michael resigneddirector
- 2004-01-29➕CUNIA, Gadi appointeddirector
- 2004-01-29➕GUTTINGER, Antoine Jean Yves appointeddirector
- 2004-01-29➕HECKER, Michael appointeddirector
- 2004-01-29➖KITLEY, Robert Gowan resigneddirector
- 2004-01-29➖STEPHENS, Richard Wayne resigneddirector
Showing most recent 50 of 76 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 37 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
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2016-08-02
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-01-11: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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|---|---|---|---|---|---|---|---|
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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
Statusdissolved
Typeltd
Incorporated1989-08-23
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
Quartermile One
15 Lauriston Place
Edinburgh
EH3 9EP
Filing status
Accounts
Next due: —
Last made up to: 2014-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 19 resigned)
MACLAY MURRAY & SPENS LLP→
Activecorporate-secretary · appointed 2013-06-21
View their other companies + combined net worth →
MACPHERSON, Brian Richard→
Activedirector · ~55y · appointed 2016-02-05
View their other companies + combined net worth →
DUFFY, Emma→
Resignedsecretary · resigned 1997-02-06
HARVEY, Kristine→
Resignedsecretary · appointed 2003-04-01 · resigned 2004-05-20
HURLEY, Caroline Margaret Mary→
Resignedsecretary · appointed 1997-02-06 · resigned 1997-11-14
STORDY, Lawrence John→
Resignedsecretary · appointed 1997-11-14 · resigned 2003-01-27
SF SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-05-20 · resigned 2013-06-21
ALLEN, Stewart Ernest→
Resigneddirector · ~67y · appointed 1998-03-18 · resigned 2003-01-27
BRINDLEY, Philippa Lucy→
Resigneddirector · ~53y · appointed 2006-09-30 · resigned 2007-09-21
CUNIA, Gadi→
Resigneddirector · ~56y · appointed 2004-01-29 · resigned 2008-12-22
DUFFY, John→
Resigneddirector · ~80y · resigned 1997-02-06
GUTTINGER, Antoine Jean Yves→
Resigneddirector · ~52y · appointed 2004-01-29 · resigned 2006-04-30
HECKER, Michael→
Resigneddirector · ~65y · appointed 2004-01-29 · resigned 2004-04-24
HOWIE, William→
Resigneddirector · ~70y · appointed 2008-03-04 · resigned 2008-10-03
KITLEY, Robert Gowan→
Resigneddirector · ~62y · appointed 2007-02-12 · resigned 2008-04-25
KITLEY, Robert Gowan→
Resigneddirector · ~62y · appointed 2001-01-25 · resigned 2004-01-29
LARSON, Stephen Lawrence→
Resigneddirector · ~68y · appointed 1997-02-06 · resigned 1998-03-19
PLOUVIN, Olivier→
Resigneddirector · ~63y · appointed 2007-09-21 · resigned 2016-02-05
SCHICKLI, Dillon→
Resigneddirector · ~73y · appointed 1998-05-06 · resigned 2003-01-27
SHAPIRA, Yariv→
Resigneddirector · ~71y · appointed 2008-12-22 · resigned 2016-02-05
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Toronto-Dominion Bank as Security Agent | Standard security | 1 property | 13/11/2000 | 26/03/2003 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 13/11/2000 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 24/10/2000 | 19/06/2004 | |
| satisfied | The Toronto-Dominion Bank as Security Agent for the Banks | Floating charge | 1 property | 13/05/1998 | 26/03/2003 | |
| satisfied | The Toronto-Dominion Bank for Itself and as Trustee for the Banks | Bond & floating charge | 1 property | 13/05/1998 | 26/03/2003 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 29/06/1992 | 27/02/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (156 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-08-02
gazette-notice-voluntary
gazette · GAZ1(A)
2016-05-17
dissolution-application-strike-off-company
dissolution · DS01
2016-05-06
termination-director-company-with-name-termination-date
officers · TM01
2016-02-18
termination-director-company-with-name-termination-date
officers · TM01
2016-02-18
appoint-person-director-company-with-name-date
officers · AP01
2016-02-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-14
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-15
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-30
change-registered-office-address-company-with-date-old-address
address · AD01
2013-06-21
appoint-corporate-secretary-company-with-name
officers · AP04
2013-06-21
termination-secretary-company-with-name
officers · TM02
2013-06-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-05-16