A & D WATT PLUMBING & HEATING LIMITED
🌳Matureactive
SC298239 · ltd · incorporated 2006-03-06
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£51.2k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
PursueStrong opportunity: asset-holding vehicle with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -88% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £51,220
Net assets shrinking
Down £46,258 YoY
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 88% YoY
Net Worth
£51k
↓ 47% YoY
Current Assets
£116k
↓ 24% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £93.6k | £137.4k |
| Current assets | £115.9k | £151.7k |
| Cash | £1.8k | £15.5k |
| Debtors | £87.9k | £110.6k |
| Net assets | £51.2k | £97.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
2
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-03-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-14📄change-person-director-company-with-change-dateofficers · CH01
- 2016-12-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-17📄change-person-director-company-with-change-dateofficers · CH01
- 2006-03-06🏢Company incorporatedAs A & D WATT PLUMBING & HEATING LIMITED
- 2006-03-06➕WATT, Carol appointedsecretary
- 2006-03-06➕WATT, Alastair Gordon appointeddirector
- 2006-03-06➕WATT, Archibald Douglas appointeddirector
Owner dependency
99/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "WATT" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 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
cleanNo 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 Archibald Douglas Watt Individual · British · DOB 10/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Alastair Gordon Watt Individual · British · DOB 05/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 1 STOP RENEWABLES WIND ENERGY LTD→ SC388793 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 345 INTERIOR PROJECTS LTD→ SC822207 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A J C CIVILS LTD→ SC272770 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| A-OMEGA CONSTRUCTION LTD→ SC473237 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ACCESS SYSTEMS NETWORK LIMITED→ SC803807 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACHAGORM LIMITED→ SC292679 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| AJAHS LTD→ SC463637 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ALAN FLEMING PLASTERING SERVICES LIMITED→ SC469996 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ALEXANDER LEONARD LIMITED→ SC053636 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| ALL AREAS SCAFFOLDING SOLUTIONS LTD→ SC884182 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALL SERV NETWORKS LTD→ SC759676 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALLAN PLUMBING & HEATING LTD→ SC659060 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2006-03-06
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
R A Clement Associates
5 Argyll Square
Oban
PA34 4AZ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06
Officers (3 active · 0 resigned)
Active
WATT, Alastair Gordon→
Activedirector · ~54y · appointed 2006-03-06
View their other companies + combined net worth →
WATT, Archibald Douglas→
Activedirector · ~58y · appointed 2006-03-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (51 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-16