ALLAN WATER CONSTRUCTION LIMITED

💤Zombieactive
SC324512 · ltd · incorporated 2007-05-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 18.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
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

4 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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-04-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-03-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-04-27
    📄
    accounts-with-accounts-type-dormant
    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. 2016-06-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2016-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-06-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-05-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-06-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-04-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-04-02
    ➖
    STIRLING, Ian Cruickshank resigned
    director
  17. 2009-05-01
    ➕
    BAXTER, James appointed
    secretary
  18. 2009-05-01
    ➖
    STIRLING, Ian Cruickshank resigned
    secretary
  19. 2007-12-12
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  20. 2007-08-09
    ➕
    STIRLING, David Charles appointed
    director
  21. 2007-08-09
    ➕
    STIRLING, Ian Cruickshank appointed
    secretary
  22. 2007-08-09
    ➖
    DALGLEN SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  23. 2007-08-09
    ➕
    STIRLING, Ian Cruickshank appointed
    director
  24. 2007-08-09
    ➖
    DALGLEN DIRECTORS LIMITED resigned
    corporate-nominee-director
  25. 2007-05-29
    🏢
    Company incorporated
    As ALLAN WATER CONSTRUCTION LIMITED
  26. 2007-05-29
    ➕
    DALGLEN SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2007-05-29
    ➕
    DALGLEN DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple 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.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Charles Stirling
Individual · British · DOB 08/1971 · age 55
——board controlboard control · 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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———————
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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2007-05-29
Jurisdictionscotland
Primary SIC41100 — Development of building projects

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: 2026-05-31
Last: 2025-05-17

Officers (2 active · 4 resigned)

BAXTER, James→
secretary · appointed 2009-05-01
View their other companies + combined net worth →
Active
STIRLING, David Charles→
director · ~55y · appointed 2007-08-09
View their other companies + combined net worth →
Active
STIRLING, Ian Cruickshank→
secretary · appointed 2007-08-09 · resigned 2009-05-01
Resigned
DALGLEN SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2007-05-29 · resigned 2007-08-09
Resigned
STIRLING, Ian Cruickshank→
director · ~84y · appointed 2007-08-09 · resigned 2010-04-02
Resigned
DALGLEN DIRECTORS LIMITED→
corporate-nominee-director · appointed 2007-05-29 · resigned 2007-08-09
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property12/12/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
accounts-with-accounts-type-dormant
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-17
accounts-with-accounts-type-dormant
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-dormant
accounts · AA
2023-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-dormant
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-02
accounts-with-accounts-type-small
accounts · AA
2021-03-30
accounts-with-accounts-type-small
accounts · AA
2020-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-06
accounts-with-accounts-type-small
accounts · AA
2019-05-01