BLUEWATER (GLENROTHES 1) LIMITED

🌳Matureactive

SC373830 · ltd · incorporated 2010-03-01

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 15.0y old — refinance window within 12 months

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

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 74-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 15.0y

70/100

ready

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

· Oldest live charge is 15.0 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (61/100)

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

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

8 officers (6 active, 8 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

14 connected companies via shared directors

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 6 officers
• 1 confirmation-statement

Last 180 days

filings

• 6 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-04-15
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-01
🔒
Charge registered #3
Lender: Handelsbanken PLC
2024-11-01
🔒
Charge registered #2
Lender: Handelsbanken PLC
2024-03-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-08-26
🔓
Charge satisfied #1
2011-06-25
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2010-03-01
🏢
Company incorporated
As BLUEWATER (GLENROTHES 1) LIMITED
2010-03-01
➕
QUINN, John Pollock appointed
secretary
2010-03-01
➕
QUINN, Anne appointed
director
2010-03-01
➕
QUINN, Fraser John appointed
director
2010-03-01
➕
QUINN, Gavin Matthew appointed
director
2010-03-01
➕
QUINN, John Pollock appointed
director
2010-03-01
➕
QUINN, Marc Lowson appointed
director
2010-03-01
➕
BRIAN REID LTD. appointed
corporate-secretary
2010-03-01
➖
BRIAN REID LTD. resigned
corporate-secretary
2010-03-01
➕
MABBOTT, Stephen George appointed
director
2010-03-01
➖
MABBOTT, Stephen George resigned
director

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 16 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.)

Group structure

Bluewater Holdings Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Bluewater Holdings Llp

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BLUEWATER (GLENROTHES 1) LIMITED

This company · SC373830

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Bluewater Holdings Llp Corporate entity	75–100%	—	75-100% shares	06/04/2016

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 →

Similar companies

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JS PROPERTY (SCOTLAND) LIMITED→ SC265091 · est 2004	£838.4k £712.6k–£964.1k	—	£838.4k	—	22y	82	66y
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CHURCH STREET INVESTMENTS (INVERNESS) LIMITED→ SC296811 · est 2006	£472.3k £401.4k–£543.1k	—	£472.3k	—	20y	82	67y
R & H PROPERTIES LTD.→ SC197981 · est 1999	£447.6k £380.5k–£514.8k	—	£447.6k	—	26y	82	66y
DIS INVESTMENTS LIMITED→ SC228996 · est 2002	£372.7k £316.8k–£428.6k	—	£372.7k	—	24y	82	64y
CHINA PALACE (GLASGOW) LIMITED→ SC309502 · est 2006	£232.6k £197.7k–£267.5k	—	£232.6k	—	19y	81	64y
A. MCCALLUM (PROPERTIES) LIMITED→ SC148001 · est 1993	£168.8k £143.5k–£194.1k	—	£168.8k	—	32y	82	60y
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ALPHA EQUITIES LIMITED→ SC331034 · est 2007	£105.8k £89.9k–£121.6k	—	£105.8k	—	18y	83	63y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2010-03-01

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Dickson Middleton

20 Barnton Street

Stirling

FK8 1NE

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-15

Last: 2026-03-01