A.J. WATERS SALISBURY LTD

🌳Matureactive
04352045 · ltd · incorporated 2002-01-11
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
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Average employees3300

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-10-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-02-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-03-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-04-12
    ➖
    WATERS, Mary resigned
    secretary
  16. 2013-04-12
    ➖
    WATERS, Mary resigned
    director
  17. 2002-01-15
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  18. 2002-01-15
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  19. 2002-01-12
    ➕
    WATERS, Andrew appointed
    director
  20. 2002-01-12
    ➕
    WATERS, Anthony John appointed
    director
  21. 2002-01-12
    ➕
    WATERS, Stephen appointed
    director
  22. 2002-01-12
    ➕
    WATERS, Mary appointed
    secretary
  23. 2002-01-12
    ➕
    WATERS, Mary appointed
    director
  24. 2002-01-11
    🏢
    Company incorporated
    As A.J. WATERS SALISBURY LTD
  25. 2002-01-11
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  26. 2002-01-11
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "WATERS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — 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 81 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen Waters
Individual · British · DOB 11/1971 · age 55
50–75%
—50-75% shares20/10/2022
Mr Andrew Waters
Individual · British · DOB 12/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting20/10/2022
1 historic (ceased) PSC
  • Mr Anthony John Watersceased 20/10/2022· 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.

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
Incorporated2002-01-11
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112

Registered office

Unit 1 And 2 Norton Enterprise Park
Whittle Road
Salisbury
Wiltshire
SP2 7YS
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (3 active · 4 resigned)

WATERS, Andrew→
director · ~48y · appointed 2002-01-12
View their other companies + combined net worth →
Active
WATERS, Anthony John→
director · ~81y · appointed 2002-01-12
View their other companies + combined net worth →
Active
WATERS, Stephen→
director · ~55y · appointed 2002-01-12
View their other companies + combined net worth →
Active
WATERS, Mary→
secretary · appointed 2002-01-12 · resigned 2013-04-12
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2002-01-11 · resigned 2002-01-15
Resigned
WATERS, Mary→
director · ~79y · appointed 2002-01-12 · resigned 2013-04-12
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2002-01-11 · resigned 2002-01-15
Resigned

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

Recent filings (72 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-08