WATER GEMS (ALBA) LIMITED

🌳Matureactive
SC346168 · ltd · incorporated 2008-07-24
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 13.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 13.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Average employees27002800

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
4
filings
  • • 2 persons-with-significant-control
  • • 2 officers
Last 90 days
4
filings
  • • 2 persons-with-significant-control
  • • 2 officers
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-04-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-04-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-04-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-01-28
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  8. 2024-01-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2024-01-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-01-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2023-12-31
    ➕
    BOOTH, Stuart Alan appointed
    director
  12. 2023-12-31
    ➕
    REID, Struan Robert George appointed
    director
  13. 2023-12-31
    ➕
    URQUHART, Heath Glen appointed
    director
  14. 2023-12-31
    ➖
    BENGE, Margaret Anne Mcculloch resigned
    director
  15. 2023-12-31
    ➖
    BENGE, Nicholas David resigned
    director
  16. 2023-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2023-12-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2023-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2023-12-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2023-12-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2023-12-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2023-09-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2023-09-01
    🔓
    Charge satisfied #1
  24. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2013-04-16
    ➖
    CLARK, Kevin resigned
    director
  28. 2013-04-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 2010-06-22
    ➖
    LOWNDES, John Samuel resigned
    director
  30. 2008-10-08
    ➕
    CLARK, Kevin appointed
    director
  31. 2008-10-08
    ➕
    LOWNDES, John Samuel appointed
    director
  32. 2008-08-05
    ➖
    1924 NOMINEES LTD resigned
    corporate-secretary
  33. 2008-08-05
    ➖
    1924 DIRECTORS LIMITED resigned
    corporate-director
  34. 2008-08-04
    ➕
    BENGE, Margaret Anne Mcculloch appointed
    director
  35. 2008-08-04
    ➕
    BENGE, Nicholas David appointed
    director
  36. 2008-07-24
    🏢
    Company incorporated
    As WATER GEMS (ALBA) LIMITED
  37. 2008-07-24
    ➕
    1924 NOMINEES LTD appointed
    corporate-secretary
  38. 2008-07-24
    ➕
    1924 DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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 Heath Glen Urquhart
Individual · New Zealander · DOB 01/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting · firm interest31/12/2023
Mr Stuart Alan Booth
Individual · British · DOB 09/1986 · age 40
25–50%
25–50%board control25-50% shares · 25-50% voting · board control31/12/2023
Mr Struan Robert George Reid
Individual · British · DOB 09/1980 · age 46
25–50%
25–50%board control25-50% shares · 25-50% voting · board control31/12/2023
1 historic (ceased) PSC
  • Mr Nicholas David Bengeceased 31/12/2023· 50-75% shares · 50-75% voting · board control · significant influence · trust interest · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2008-07-24
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

2a East Craigie Farm Dalmeny Estate
South Queensferry
Edinburgh
Midlothian
EH30 9TQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13

Officers (3 active · 6 resigned)

BOOTH, Stuart Alan→
director · ~40y · appointed 2023-12-31
View their other companies + combined net worth →
Active
REID, Struan Robert George→
director · ~46y · appointed 2023-12-31
View their other companies + combined net worth →
Active
URQUHART, Heath Glen→
director · ~49y · appointed 2023-12-31
View their other companies + combined net worth →
Active
1924 NOMINEES LTD→
corporate-secretary · appointed 2008-07-24 · resigned 2008-08-05
Resigned
BENGE, Margaret Anne Mcculloch→
director · ~73y · appointed 2008-08-04 · resigned 2023-12-31
Resigned
BENGE, Nicholas David→
director · ~65y · appointed 2008-08-04 · resigned 2023-12-31
Resigned
CLARK, Kevin→
director · ~61y · appointed 2008-10-08 · resigned 2013-04-16
Resigned
LOWNDES, John Samuel→
director · ~46y · appointed 2008-10-08 · resigned 2010-06-22
Resigned
1924 DIRECTORS LIMITED→
corporate-director · appointed 2008-07-24 · resigned 2008-08-05
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property11/04/201301/09/2023

Recent filings (70 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-14
change-person-director-company-with-change-date
officers · CH01
2026-04-14
change-person-director-company-with-change-date
officers · CH01
2026-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-29
change-sail-address-company-with-old-address-new-address
address · AD02
2024-01-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-12
termination-director-company-with-name-termination-date
officers · TM01
2023-12-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-31