WESTWATER ESTATES LIMITED

🌳Matureactive
SC288351 · ltd · incorporated 2005-08-02
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (60/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 20.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 20.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (89/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2023Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-312023-08-31
Average employees300300300

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-03-27
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2023-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-03-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2023-03-27
    🔓
    Charge satisfied #3
  11. 2023-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-01-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2008-11-26
    🔓
    Charge satisfied #1
  19. 2008-10-13
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  20. 2007-08-22
    🔒
    Charge registered #2
    Lender: Trustees of Lord Ramsays 1982 Guernsey Settlement
  21. 2006-02-21
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  22. 2005-09-06
    ➕
    LAIRD, Simon William David appointed
    secretary
  23. 2005-09-06
    ➕
    ALEXANDER, Michael Cyril appointed
    director
  24. 2005-09-06
    ➕
    LAIRD, Mark Charles appointed
    director
  25. 2005-09-06
    ➕
    LAIRD, Simon William David appointed
    director
  26. 2005-09-06
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  27. 2005-09-06
    ➖
    HUTCHESON, Iain Henderson resigned
    director
  28. 2005-08-02
    🏢
    Company incorporated
    As WESTWATER ESTATES LIMITED
  29. 2005-08-02
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  30. 2005-08-02
    ➕
    THORNTONS WS appointed
    corporate-secretary
  31. 2005-08-02
    ➖
    THORNTONS WS resigned
    corporate-secretary
  32. 2005-08-02
    ➕
    HUTCHESON, Iain Henderson appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Simon William David Laird
Individual · British · DOB 12/1966 · age 60
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence30/06/2016
Mr Michael Cyril Alexander
Individual · British · DOB 01/1967 · age 59
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence30/06/2016
Mr Mark Charles Laird
Individual · British · DOB 12/1971 · age 55
25–50%
25–50%sig. influence50-75% shares · 50-75% voting · significant influence · firm interest30/06/2016

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

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
Incorporated2005-08-02
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

East Memus Office
East Memus
By Forfar
DD8 3TY

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-16
Last: 2025-08-02

Officers (4 active · 3 resigned)

LAIRD, Simon William David→
secretary · appointed 2005-09-06
View their other companies + combined net worth →
Active
ALEXANDER, Michael Cyril→
director · ~59y · appointed 2005-09-06
View their other companies + combined net worth →
Active
LAIRD, Mark Charles→
director · ~55y · appointed 2005-09-06
View their other companies + combined net worth →
Active
LAIRD, Simon William David→
director · ~60y · appointed 2005-09-06
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2005-08-02 · resigned 2005-09-06
Resigned
THORNTONS WS→
corporate-secretary · appointed 2005-08-02 · resigned 2005-08-02
Resigned
HUTCHESON, Iain Henderson→
director · ~64y · appointed 2005-08-02 · resigned 2005-09-06
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property13/10/200827/03/2023
outstanding
Trustees of Lord Ramsays 1982 Guernsey Settlement
Standard security1 property22/08/2007—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/02/200626/11/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-27
change-person-director-company-with-change-date
officers · CH01
2023-03-27
change-person-secretary-company-with-change-date
officers · CH03
2023-03-27
change-person-director-company-with-change-date
officers · CH01
2023-03-27
change-person-director-company-with-change-date
officers · CH01
2023-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-26