CLEARWATER SECURITIES LIMITED

💤Zombieactive
01798113 · ltd · incorporated 1984-03-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£-493.0k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

18 live charges · 4 lenders · oldest 41.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 41.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £493,001

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£493k
~ YoY
Current Assets
£9k
↓ 7.9% YoY
Current Liabilities
—
-£493k-£392k-£292k-£191k-£91k£10kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£-492.4k£-491.6k
Current assets£9.0k£9.7k
Net assets£-493.0k£-492.2k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-01-06
    ➕
    BROADBENT, Ian David appointed
    director
  3. 2026-01-06
    ➖
    BROADBENT, Ian David resigned
    director
  4. 2026-01-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2026-01-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-01-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-02-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-01-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2016-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 1996-01-12
    ➖
    BROADBENT, David Ernest resigned
    director
  19. 1996-01-12
    ➕
    BROADBENT, Ian David appointed
    director
  20. 1995-09-21
    ➕
    BROADBENT, Lorraine appointed
    secretary
  21. 1995-09-21
    ➖
    DOUGLASS, Ernest Richard resigned
    secretary
  22. 1994-11-15
    🔓
    Charge satisfied #18
  23. 1989-08-24
    🔒
    Charge registered #18
    Lender: Chancery Securities PLC
  24. 1987-03-06
    🔒
    Charge registered #17
    Lender: Close Brothers Limited
  25. 1986-12-10
    🔒
    Charge registered #16
    Lender: Close Brothers Limited
  26. 1986-10-30
    🔒
    Charge registered #15
    Lender: Close Brothers Limited
  27. 1986-10-09
    🔒
    Charge registered #14
    Lender: Close Brothers Limited
  28. 1986-09-03
    🔒
    Charge registered #13
    Lender: Close Brothers Limited
  29. 1986-04-16
    🔒
    Charge registered #12
    Lender: Close Brothers Limited
  30. 1985-12-13
    🔒
    Charge registered #11
    Lender: Close Brothers Limited
  31. 1985-11-15
    🔒
    Charge registered #10
    Lender: Close Brothers Limited
  32. 1985-10-14
    🔒
    Charge registered #9
    Lender: Close Brothers Limited
  33. 1985-09-17
    🔒
    Charge registered #8
    Lender: Close Brothers Limited.
  34. 1985-07-16
    🔒
    Charge registered #7
    Lender: Close Brothers LTD
  35. 1985-05-14
    🔒
    Charge registered #6
    Lender: Close Brothers LTD
  36. 1985-04-12
    🔒
    Charge registered #5
    Lender: Close Brothers LTD
  37. 1985-02-07
    🔒
    Charge registered #4
    Lender: Close Brothers Limited
  38. 1984-12-07
    🔒
    Charge registered #3
    Lender: Close Brothers Limited.
  39. 1984-11-08
    🔒
    Charge registered #2
    Lender: Close Brothers Limited
  40. 1984-09-21
    🔒
    Charge registered #1
    Lender: Close Brothers Limited
  41. 1984-03-07
    🏢
    Company incorporated
    As CLEARWATER SECURITIES LIMITED

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
17 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Ernest Broadbent
Individual · British · DOB 07/1943 · age 83
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mr Ian David Broadbent
Individual · British · DOB 07/1968 · age 58
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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 →

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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
Incorporated1984-03-07
Jurisdictionengland-wales
Primary SIC64921 — Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

Registered office

Wensley House
28 Hebden Road
Scunthorpe
South Humberside
DN15 8DT

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (2 active · 3 resigned)

BROADBENT, Lorraine→
secretary · appointed 1995-09-21
View their other companies + combined net worth →
Active
BROADBENT, Ian David→
director · ~58y · appointed 2026-01-06
View their other companies + combined net worth →
Active
DOUGLASS, Ernest Richard→
secretary · resigned 1995-09-21
Resigned
BROADBENT, David Ernest→
director · ~83y · resigned 1996-01-12
Resigned
BROADBENT, Ian David→
director · ~58y · appointed 1996-01-12 · resigned 2026-01-06
Resigned

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

Mortgages & charges

18
Total charges
17
Outstanding
1
Active lenders
Status:Lender:18 of 18 shown
TypeProperties
satisfied
Chancery Securities
Chancery Securities PLC
Debenture1 property24/08/198915/11/1994
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property06/03/1987—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed1 property10/12/1986—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property30/10/1986—
outstanding
Close Brothers
Close Brothers Limited
Deed of sub-mortgage1 property09/10/1986—
outstanding
Close Brothers
Close Brothers Limited
Supplemental mortgage deed1 property03/09/1986—
outstanding
Close Brothers
Close Brothers Limited
Supplemental mortgage deed1 property16/04/1986—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property13/12/1985—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property15/11/1985—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property14/10/1985—
outstanding
Close Brothers
Close Brothers Limited.
Supplemental deed of sub-mortgage1 property17/09/1985—
outstanding
Close Brothers
Close Brothers LTD
Supplemental deed of sub-mortgage1 property16/07/1985—
outstanding
Close Brothers
Close Brothers LTD
Supplemental deed of sub-mortgage1 property14/05/1985—
outstanding
Close Brothers
Close Brothers LTD
Supplemental deed of sub-mortgage1 property12/04/1985—
outstanding
Close Brothers
Close Brothers Limited
Supplemental deed of sub-mortgage1 property07/02/1985—
outstanding
Close Brothers
Close Brothers Limited.
Deed of sub-mortgage1 property07/12/1984—
outstanding
Close Brothers
Close Brothers Limited
Deed of sub-mortgage1 property08/11/1984—
outstanding
Close Brothers
Close Brothers Limited
Debenture1 property21/09/1984—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
appoint-person-director-company-with-name-date
officers · AP01
2026-01-06
termination-director-company-with-name-termination-date
officers · TM01
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-21