NORTH ESK WATER COMPANY LIMITED

🌳Matureactive
SC461268 · ltd · incorporated 2013-10-10
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
£33.7k
book net assets
Opportunity
79/100
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
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -53% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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
Positive net assets
Net assets £33,655
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£352
↓ 53% YoY
Net Worth
£34k
~ YoY
Current Assets
£382
↓ 59% YoY
Current Liabilities
£0£7k£13k£20k£27k£34kAug 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£33.7k£33.7k
Current assets£382£926
Cash£352£750
Debtors£30£176
Net assets£33.7k£33.7k

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 (21 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-micro-entity
    accounts · AA
  4. 2023-05-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-05-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2022-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-10-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-07-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-03-01
    KENNEDY, John Anthony Bingham resigned
    director
  15. 2016-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2015-11-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-10-10
    🏢
    Company incorporated
    As NORTH ESK WATER COMPANY LIMITED
  18. 2013-10-10
    KENNEDY, Andrew Bruce appointed
    director
  19. 2013-10-10
    KENNEDY, James Alexander appointed
    director
  20. 2013-10-10
    KENNEDY, Patricia Alice appointed
    director
  21. 2013-10-10
    KENNEDY, John Anthony Bingham appointed
    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
  • +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

73/100
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.
  • secondary12+ year tenure: Director in role 13 years.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Alexander Kennedy
Individual · British · DOB 08/1949 · age 77
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/10/2016

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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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
Incorporated2013-10-10
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: 2026-10-24
Last: 2025-10-10

Officers (3 active · 1 resigned)

KENNEDY, Andrew Bruce
director · ~42y · appointed 2013-10-10
View their other companies + combined net worth →
Active
KENNEDY, James Alexander
director · ~40y · appointed 2013-10-10
View their other companies + combined net worth →
Active
KENNEDY, Patricia Alice
director · ~77y · appointed 2013-10-10
View their other companies + combined net worth →
Active
KENNEDY, John Anthony Bingham
director · ~75y · appointed 2013-10-10 · resigned 2016-03-01
Resigned

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

Recent filings (28 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-24