WATES SECOND LAND LIMITED
🌳Matureactive
00933274 · ltd · incorporated 1968-06-05
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: dormant / non-trading with exceptional profile and acceptable with review structure.
Opportunity 80/100 (exceptional), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
14 live charges · 8 lenders · oldest 55.7y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 55.7 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
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
0
Lenders & charges
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
28 officers (3 active, 28 linked, 18 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
21 connected companies via shared directors
90
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (87 events)Click to expand
- 2025-04-17📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-04-17📄legacyaccounts · PARENT_ACC
- 2025-04-17📄legacyother · AGREEMENT2
- 2025-04-17📄legacyother · GUARANTEE2
- 2025-02-03➖WATES, Timothy Andrew De Burgh resigneddirector
- 2025-02-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-12➕WAINWRIGHT, Philip Michael appointeddirector
- 2022-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-16➖ALLEN, David Owen resigneddirector
- 2022-03-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-04-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-06-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-12-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-15➖LEACH, Martin Geoffrey resigneddirector
- 2019-03-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-12-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-12-03➖ALLEN, David Owen resignedsecretary
- 2018-03-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-01-04➕ALLEN, David Owen appointedsecretary
- 2016-01-04➖DAVIES, David Huw resignedsecretary
- 2016-01-04➕ALLEN, David Owen appointeddirector
- 2016-01-04➖DAVIES, David Huw resigneddirector
- 2015-10-22➕BOWEN, David Alexander appointeddirector
- 2015-10-22➖JARRETT, John Michael resigneddirector
- 2013-11-01➕LEACH, Martin Geoffrey appointeddirector
- 2007-12-31➕DAVIES, David Huw appointedsecretary
- 2007-12-31➖STYANT, Terry Ann resignedsecretary
- 2007-10-01➖HEWITT, Cara Louise resigneddirector
- 2007-10-01➕JARRETT, John Michael appointeddirector
- 2006-06-30➖PHIPPS, Paul David resigneddirector
- 2006-05-30➖DAVIES, David Huw resignedsecretary
- 2006-05-30➕STYANT, Terry Ann appointedsecretary
- 2005-12-31➖ANDREWS, Timothy William resigneddirector
- 2005-12-31➕HEWITT, Cara Louise appointeddirector
- 2005-12-31➕WATES, Timothy Andrew De Burgh appointeddirector
- 2005-12-16➕BROCKLEBANK, David Michael appointeddirector
- 2005-02-01➕DAVIES, David Huw appointedsecretary
- 2005-02-01➖HOULTON, Jonathan Charles Bennett resignedsecretary
- 2005-02-01➕DAVIES, David Huw appointeddirector
- 2005-02-01➖HOULTON, Jonathan Charles Bennett resigneddirector
- 2004-01-14➕ANDREWS, Timothy William appointeddirector
- 2002-04-30➖GAME, Ashley resignedsecretary
- 2002-04-30➕HOULTON, Jonathan Charles Bennett appointedsecretary
- 2001-12-12➕PHIPPS, Paul David appointeddirector
- 2001-12-12➖TULLAH, Neville resigneddirector
- 2001-01-22➕HOULTON, Jonathan Charles Bennett appointeddirector
- 2001-01-22➕TULLAH, Neville appointeddirector
Showing most recent 50 of 87 events
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 58 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Wates Developments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Wates Developments Limited
Corporate parent · holds 75-100% shares · board control
⬇
WATES SECOND LAND LIMITED
This company · 00933274
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 |
|---|---|---|---|---|
Wates Developments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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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|---|---|---|---|---|---|---|---|
| 174 EWELL ROAD MANAGEMENT COMPANY LIMITED→ 09724574 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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| 178 EWELL ROAD LIMITED→ 07572626 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| 18 BEAUFORT ROAD RTM COMPANY LIMITED→ 14086687 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 18 CEDARS ROAD RESIDENTS COMPANY LIMITED→ 04727199 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| 18 ELLERTON ROAD LTD→ 11702133 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 18 GILDERS ROAD FREEHOLD LIMITED→ 13529713 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 18 LANGDALE ROAD RTM COMPANY LIMITED→ 11348624 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 18 NORTH ROAD FREEHOLD LIMITED→ 08528213 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 18 RAVENSCAR ROAD (FREEHOLD) COMPANY LIMITED→ 08486497 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| 18 THORKHILL ROAD MANAGEMENT LIMITED→ 11130523 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 18 TREMADOC ROAD LTD→ 14343955 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1968-06-05
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company
Registered office
Wates House
Station Approach
Leatherhead
Surrey
KT22 7SW
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-12
Last: 2025-12-29
Officers (3 active · 25 resigned)
BOWEN, David Alexander→
Activedirector · ~59y · appointed 2015-10-22
View their other companies + combined net worth →
BROCKLEBANK, David Michael→
Activedirector · ~56y · appointed 2005-12-16
View their other companies + combined net worth →
WAINWRIGHT, Philip Michael→
Activedirector · ~61y · appointed 2022-12-12
View their other companies + combined net worth →
ALLEN, David Owen→
Resignedsecretary · appointed 2016-01-04 · resigned 2018-12-03
DAVIES, David Huw→
Resignedsecretary · appointed 2007-12-31 · resigned 2016-01-04
DAVIES, David Huw→
Resignedsecretary · appointed 2005-02-01 · resigned 2006-05-30
GAME, Ashley→
Resignedsecretary · appointed 2000-10-02 · resigned 2002-04-30
HOULTON, Jonathan Charles Bennett→
Resignedsecretary · appointed 2002-04-30 · resigned 2005-02-01
HOULTON, Jonathan Charles Bennett→
Resignedsecretary · appointed 2000-06-30 · resigned 2000-10-02
MACKIE, William Graham→
Resignedsecretary · appointed 1994-04-29 · resigned 2000-06-30
SAREEN, Narinder Singh→
Resignedsecretary · resigned 1994-04-29
STYANT, Terry Ann→
Resignedsecretary · appointed 2006-05-30 · resigned 2007-12-31
ALLEN, David Owen→
Resigneddirector · ~54y · appointed 2016-01-04 · resigned 2022-08-16
ANDREWS, Timothy William→
Resigneddirector · ~58y · appointed 2004-01-14 · resigned 2005-12-31
DAVIES, David Huw→
Resigneddirector · ~70y · appointed 2005-02-01 · resigned 2016-01-04
GAIR, William Cortis→
Resigneddirector · ~84y · resigned 1992-01-31
HEWITT, Cara Louise→
Resigneddirector · ~54y · appointed 2005-12-31 · resigned 2007-10-01
HOULTON, Jonathan Charles Bennett→
Resigneddirector · ~65y · appointed 2001-01-22 · resigned 2005-02-01
JARRETT, John Michael→
Resigneddirector · ~65y · appointed 2007-10-01 · resigned 2015-10-22
KINALLY, Gerard Roland→
Resigneddirector · resigned 1993-12-29
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
4
Outstanding
1
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank , Midland Bank PLC, | Debenture | 1 property | 27/03/1995 | 05/10/2000 | |
| satisfied | Tesco Stores Tesco Stores Limited | Legal charge | 1 property | 17/09/1990 | 13/02/1996 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 22/01/1986 | 13/02/1996 | |
| satisfied | Bank of America of National Trust and Savings Association | Legal charge | 2 properties | 28/12/1984 | 12/03/1987 | |
| outstanding | Midland Bank Midland Bank PLC | Memorandum of deposit of deed | 1 property | 19/06/1984 | — | |
| satisfied | Juant Investments Juant Investments Limited | Legal charge | 1 property | 12/10/1983 | 13/02/1996 | |
| outstanding | Midland Bank Midland Bank PLC | Memorandum of deposit deeds | 1 property | 07/03/1983 | — | |
| outstanding | Midland Bank Midland Bank PLC | Memorandum of deposit of deeds | 1 property | 03/03/1982 | — | |
| outstanding | Midland Bank Midland Bank PLC | Memorandum of deposit of deeds | 1 property | 03/03/1982 | — | |
| satisfied | Santander Abbey National Building Society | Deed of consolidation | 1 property | 07/08/1975 | 13/02/1996 | |
| satisfied | Santander Abbey National Building Society | Collateral mortgage | 1 property | 07/08/1975 | 13/02/1996 | |
| satisfied | Church Commissioners for England | Deed of substituted security | 1 property | 15/01/1975 | 13/02/1996 | |
| satisfied | Mrs. R.M. Wykeham-Martin | Memo of deposit | 1 property | 26/11/1973 | 28/11/1996 | |
| satisfied | Santander Abbey National Building Society | Charge registered pursuant to an order of court dated 17TH dec '70 | 1 property | 29/09/1970 | 13/02/1996 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (161 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-02
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-04-17
legacy
accounts · PARENT_ACC
2025-04-17
legacy
other · AGREEMENT2
2025-04-17
legacy
other · GUARANTEE2
2025-04-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-31
accounts-with-accounts-type-dormant
accounts · AA
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-dormant
accounts · AA
2023-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-03
appoint-person-director-company-with-name-date
officers · AP01
2022-12-20
termination-director-company-with-name-termination-date
officers · TM01
2022-08-19
accounts-with-accounts-type-dormant
accounts · AA
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-04