THE NORTH ESK RESERVOIR COMPANY LIMITED

🌳Matureactive
SC456844 · ltd · incorporated 2013-08-15
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-31.3k
book net assets
Opportunity
78/100
Strong
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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
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 declared
Negative net assets
Liabilities exceed assets by £31,313
Net assets shrinking
Down £88,164 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£31k
↓ 155% YoY
Current Assets
—
Current Liabilities
—
-£31k-£14k£4k£22k£39k£57kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£-31.3k£56.9k
Current assets—£7.5k
Net assets£-31.3k£56.9k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2020-09-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-29
    ➕
    KENNEDY, James Alexander appointed
    director
  12. 2019-04-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-03-01
    ➕
    KENNEDY, Patricia Alice appointed
    director
  17. 2016-03-01
    ➖
    KENNEDY, John Anthony Bingham resigned
    director
  18. 2016-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2014-10-17
    ➖
    JONES, Michael resigned
    director
  20. 2013-11-29
    ➕
    KENNEDY, John Anthony Bingham appointed
    director
  21. 2013-08-15
    🏢
    Company incorporated
    As THE NORTH ESK RESERVOIR COMPANY LIMITED
  22. 2013-08-15
    ➕
    JONES, Michael appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 James Alexander Kennedy
Individual · British · DOB 07/1986 · age 40
——sig. influencesignificant influence01/09/2020
1 historic (ceased) PSC
  • Mrs Patricia Alice Kennedyceased 01/09/2020· significant influence · trust interest · firm interest

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

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
Incorporated2013-08-15
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Newhall House
Carlops
Penicuik
Midlothian
EH26 9LY

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06

Officers (2 active · 2 resigned)

KENNEDY, James Alexander→
director · ~40y · appointed 2019-04-29
View their other companies + combined net worth →
Active
KENNEDY, Patricia Alice→
director · ~77y · appointed 2016-03-01
View their other companies + combined net worth →
Active
JONES, Michael→
director · ~89y · appointed 2013-08-15 · resigned 2014-10-17
Resigned
KENNEDY, John Anthony Bingham→
director · ~75y · appointed 2013-11-29 · resigned 2016-03-01
Resigned

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

Recent filings (34 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-09-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-02