BYWATERS (LEYTON) LIMITED
🌳Matureactive
00505212 · ltd · incorporated 1952-03-08
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueActive trading company with a 80-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 80). Biggest value-creation lever: Consolidate lender relationships. 16 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
38 live charges · 15 lenders · oldest 48.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 48.0 years old — likely at or near maturity.
- · 15 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)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
0
Lenders & charges
38 charges (38/38 with lender, 38/38 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 12 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
199 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 mortgage
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
3
filings
- • 1 mortgage
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (103 events)Click to expand
- 2026-05-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-26🔓Charge satisfied #32
- 2025-12-31📄accounts-with-accounts-type-groupaccounts · AA
- 2025-01-03📄accounts-with-accounts-type-groupaccounts · AA
- 2024-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-23🔒Charge registered #38Lender: Hsbc UK Bank PLC
- 2024-01-12📄accounts-with-accounts-type-groupaccounts · AA
- 2023-09-13📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-20📄capital-return-purchase-own-sharescapital · SH03
- 2022-12-20📄capital-return-purchase-own-sharescapital · SH03
- 2022-12-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-22📄resolutionresolution · RESOLUTIONS
- 2022-11-22📄resolutionresolution · RESOLUTIONS
- 2022-11-22📄capital-cancellation-sharescapital · SH06
- 2022-11-15📄accounts-with-accounts-type-groupaccounts · AA
- 2021-12-19📄accounts-with-accounts-type-groupaccounts · AA
- 2021-10-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-05➖BROWN, Amanda Jane resigneddirector
- 2021-02-17📄accounts-with-accounts-type-groupaccounts · AA
- 2019-12-05📄accounts-with-accounts-type-groupaccounts · AA
- 2019-08-30🔒Charge registered #37Lender: Hsbc Equipment Finance (UK) LTD
- 2017-11-02➖KHANOM, Muhsima resigneddirector
- 2017-10-19🔒Charge registered #36Lender: Hsbc Equipment Finance (UK) LTD
- 2016-12-10🔓Charge satisfied #25
- 2016-12-10🔓Charge satisfied #21
- 2016-12-10🔓Charge satisfied #20
- 2016-11-21🔒Charge registered #35Lender: Hsbc Asset Finance (UK) LTD
- 2016-04-21🔒Charge registered #34Lender: Hsbc Equipment Finance (UK) LTD
- 2016-04-21🔒Charge registered #33Lender: Hsbc Asset Finance (UK) LTD
- 2015-01-19🔒Charge registered #32Lender: Hsbc Bank PLC
- 2014-10-28🔒Charge registered #31Lender: Hsbc Invoice Finance (UK) LTD
- 2014-10-28🔒Charge registered #30Lender: Hsbc Invoice Finance (UK) LTD
- 2014-07-15🔒Charge registered #29Lender: Hsbc Invoice Finance (UK) Limited
- 2014-07-15🔒Charge registered #28Lender: Hsbc Bank PLC
- 2014-07-15🔒Charge registered #27Lender: Hsbc Bank PLC
- 2014-07-15🔒Charge registered #26Lender: Hsbc Bank PLC
- 2014-07-15🔓Charge satisfied #24
- 2014-07-15🔓Charge satisfied #23
- 2014-07-15🔓Charge satisfied #22
- 2013-08-28➕KHANOM, Muhsima appointeddirector
- 2013-08-05➖HEARNE, John Barry resigneddirector
- 2013-01-02➕GLOVER, John Paul appointeddirector
- 2012-08-01➕HEARNE, John Barry appointeddirector
- 2012-06-30➖PUSEY, Michael John resigneddirector
- 2012-05-21➖BUTCHER, Craig Nicholas resigneddirector
- 2012-03-31➖JOHNSON, Peter Stuart resigneddirector
- 2011-09-19🔒Charge registered #25Lender: Lombard North Central PLC
- 2011-06-09🔓Charge satisfied #19
- 2011-06-08🔓Charge satisfied #18
- 2011-06-08🔓Charge satisfied #17
Showing most recent 50 of 103 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — 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 candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 74 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Stuart Glover Individual · British · DOB 05/1946 · age 80 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Malcolm Neil Gloverceased 11/11/2022· 25-50% shares · 25-50% voting
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.
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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.
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
Incorporated1952-03-08
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
Lea Riverside
Twelvetrees Crescent
Bow
London
E3 3JG
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22
Officers (4 active · 10 resigned)
GLOVER, Helen Muriel→
Activedirector · ~71y · appointed 2007-12-21
View their other companies + combined net worth →
GLOVER, John Paul→
Activedirector · ~45y · appointed 2013-01-02
View their other companies + combined net worth →
Active
GLOVER, Nicholas Mark→
Activedirector · ~68y · appointed 2007-12-21
View their other companies + combined net worth →
GLOVER, John Stuart→
Resignedsecretary · resigned 2007-12-21
WENT, Paul→
Resignedsecretary · appointed 2007-12-21 · resigned 2009-08-03
BLYDE, William David→
Resigneddirector · ~70y · appointed 2008-10-30 · resigned 2009-10-02
BROWN, Amanda Jane→
Resigneddirector · ~59y · appointed 2007-12-21 · resigned 2021-09-05
BUTCHER, Craig Nicholas→
Resigneddirector · ~61y · appointed 2009-12-01 · resigned 2012-05-21
GLOVER, Malcolm Neil→
Resigneddirector · ~78y · resigned 2008-10-23
HEARNE, John Barry→
Resigneddirector · ~73y · appointed 2012-08-01 · resigned 2013-08-05
JOHNSON, Peter Stuart→
Resigneddirector · ~73y · appointed 2009-12-14 · resigned 2012-03-31
KHANOM, Muhsima→
Resigneddirector · ~43y · appointed 2013-08-28 · resigned 2017-11-02
PUSEY, Michael John→
Resigneddirector · ~69y · appointed 2010-08-03 · resigned 2012-06-30
Click a director name to see their full track record across all companies.
Mortgages & charges
38
Total charges
12
Outstanding
1
Active lenders
Status:Lender:38 of 38 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 23/05/2024 | — | |
| outstanding | HSBC Hsbc Equipment Finance (UK) LTD | A registered charge | — | 30/08/2019 | — | |
| outstanding | HSBC Hsbc Equipment Finance (UK) LTD | A registered charge | — | 19/10/2017 | — | |
| outstanding | HSBC Hsbc Asset Finance (UK) LTD / Hsbc Equipment Finance (UK) LTD | A registered charge | — | 21/11/2016 | — | |
| outstanding | HSBC Hsbc Equipment Finance (UK) LTD | A registered charge | 1 property | 21/04/2016 | — | |
| outstanding | HSBC Hsbc Asset Finance (UK) LTD / Hsbc Equipment Fiance (UK) LTD | A registered charge | — | 21/04/2016 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 19/01/2015 | 26/05/2026 | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 28/10/2014 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 28/10/2014 | — | |
| part-satisfied | HSBC Hsbc Invoice Finance (UK) Limited | A registered charge | 1 property | 15/07/2014 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 15/07/2014 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 15/07/2014 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 15/07/2014 | — | |
| satisfied | Lombard North Central Lombard North Central PLC | Debenture | 1 property | 19/09/2011 | 10/12/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 31/05/2011 | 15/07/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 31/05/2011 | 15/07/2014 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 31/05/2011 | 15/07/2014 | |
| satisfied | Lombard North Central Public Company Lombard North Central Public Limited Company | Legal charge | 1 property | 31/05/2011 | 10/12/2016 | |
| satisfied | Lombard North Central Public Company Lombard North Central Public Limited Company | Legal charge | 1 property | 31/05/2011 | 10/12/2016 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Debenture | 1 property | 12/03/2009 | 09/06/2011 | |
| satisfied | Aib Group (UK) T/as Allied Irish Bank (GB) Aib Group (UK) PLC T/as Allied Irish Bank (GB) | Chattel mortgage | 1 property | 10/06/2008 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage of certain equipment | 1 property | 01/04/2008 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage of certain equipment | 1 property | 15/02/2008 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage of certain equipment | 1 property | 28/01/2008 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage of certain equipment | 1 property | 28/01/2008 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage of certain equipment | 1 property | 12/11/2007 | 08/06/2011 | |
| satisfied | Bank of Ireland Business Finance Bank of Ireland Business Finance Limited | Fixed charge over chattels | 1 property | 15/05/2007 | 22/02/2011 | |
| satisfied | Alliance & Leicester Commercial Finance Alliance & Leicester Commercial Finance PLC | Legal charge | 1 property | 30/11/2006 | 22/02/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage debenture | 1 property | 30/11/2006 | 08/06/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 30/11/2006 | 08/06/2011 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) Limited | Fixed charge on purchased debts which fail to vest | 1 property | 02/11/2006 | 22/02/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 31/03/2006 | 08/06/2011 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 05/02/2001 | 22/02/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 27/07/1998 | 22/02/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 20/01/1993 | 22/02/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 17/10/1989 | 23/11/1999 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 22/03/1985 | 22/02/2011 | |
| satisfied | Midland Bank Midland Bank PLC | Floating charge | 1 property | 14/06/1978 | 22/02/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (199 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-26
accounts-with-accounts-type-group
accounts · AA
2025-12-31
accounts-with-accounts-type-group
accounts · AA
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-29
accounts-with-accounts-type-group
accounts · AA
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-22
change-person-director-company-with-change-date
officers · CH01
2023-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-27
capital-return-purchase-own-shares
capital · SH03
2022-12-20
capital-return-purchase-own-shares
capital · SH03
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-06
resolution
resolution · RESOLUTIONS
2022-11-22