1ST WATERSIDE LIMITED

🌳Matureactive

04340176 · ltd · incorporated 2001-12-14

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

—

year to Mar 2025

Net worth

£653.5k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Manufacture of other furniture

Sector: Manufacturing

Investor take

Pursue

Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.7y

45/100

under pressure

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

· Oldest live charge is 23.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (6 active, 8 linked, 6 with DOB)

Ownership & PSC

4 active PSC(s) of 4 total, 4 with control declared

Director network

1 connected companies via shared directors

Filing history

89 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £653,509

Cash YoY

-22%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£495k

↓ 22% YoY

Net Worth

£654k

↑ 17% YoY

Current Assets

£582k

↓ 23% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£653.5k	£559.9k
Current assets	£582.0k	£754.0k
Cash	£494.9k	£636.6k
Debtors	£87.2k	£117.5k
Net assets	£653.5k	£559.9k

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

filings

Last 90 days

filings

• 1 persons-with-significant-control
• 1 officers

Last 180 days

filings

• 2 officers
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-02-27
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-26
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-12
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
➕
BAVERSTOCK, Robin appointed
director
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-06-10
🔓
Charge satisfied #1
2021-03-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-02-26
📄
capital-name-of-class-of-shares
capital · SH08
2021-02-26
📄
resolution
resolution · RESOLUTIONS
2021-02-26
📄
memorandum-articles
incorporation · MA
2021-02-26
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2020-12-14
📄
change-person-director-company-with-change-date
officers · CH01
2020-12-14
📄
change-person-director-company-with-change-date
officers · CH01
2020-12-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-08-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2011-01-01
➕
GREEN, Elizabeth appointed
director
2002-08-17
🔒
Charge registered #1
Lender: Lloyds Tsb Bank PLC
2002-04-12
➕
GREEN, Robert James appointed
director
2001-12-14
🏢
Company incorporated
As 1ST WATERSIDE LIMITED
2001-12-14
➕
GREEN, Gary James appointed
secretary
2001-12-14
➕
GREEN, Gary James appointed
director
2001-12-14
➕
GREEN, Jean Amy appointed
director
2001-12-14
➕
WAYNE, Harold appointed
nominee-secretary
2001-12-14
➖
WAYNE, Harold resigned
nominee-secretary
2001-12-14
➕
WAYNE, Yvonne appointed
nominee-director
2001-12-14
➖
WAYNE, Yvonne resigned
nominee-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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

4 active beneficial owners · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Mrs Elizabeth Green Individual · British · DOB 02/1978 · age 48	25–50%	—	25-50% shares	26/02/2026
Mrs Jean Amy Green Individual · British · DOB 05/1950 · age 76	25–50%	—	25-50% shares	07/04/2016
Mr Gary James Green Individual · British · DOB 04/1955 · age 71	25–50%	—	25-50% shares	07/04/2016
Mr Robert James Green Individual · English · DOB 09/1977 · age 49	—	—	sig. influencesignificant influence · firm interest	30/03/2021

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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150DEGREE PRINTS LTD→ 11753641 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
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360 PLANT SERVICES LIMITED→ 09596500 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
4TEK ELECTRONICS LIMITED→ 15665590 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
825.07 LTD→ 11208028 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
A1 MARINE ELECTRONICS LIMITED→ 12981212 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated2001-12-14

Jurisdictionengland-wales

Primary SIC31090 — Manufacture of other furniture

Registered office

Unit 1 Trident Business Park

Shore Road

Hythe

Hampshire

SO45 6GJ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-28

Last: 2025-12-14