A & B WATERS LIMITED

🌳Matureactive
05420028 · ltd · incorporated 2005-04-11
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 12.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
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 · FRS 102
Metric2025-06-302024-06-30
Average employees300400

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2025-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-02
    ➖
    WATERS, Brenda Muriel resigned
    secretary
  5. 2025-10-02
    ➖
    WATERS, Brenda Muriel resigned
    director
  6. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-11-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2018-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-01-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-01-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-04-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-05-23
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  20. 2005-04-11
    🏢
    Company incorporated
    As A & B WATERS LIMITED
  21. 2005-04-11
    ➕
    WATERS, Alan appointed
    director
  22. 2005-04-11
    ➕
    WATERS, Marnel Jane appointed
    director
  23. 2005-04-11
    ➕
    WATERS, Neil Edward James appointed
    director
  24. 2005-04-11
    ➕
    WATERS, Brenda Muriel appointed
    secretary
  25. 2005-04-11
    ➕
    WATERS, Brenda Muriel appointed
    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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — 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 82 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: WATERS, Brenda Muriel resigned 2025-10-02; WATERS, Brenda Muriel resigned 2025-10-02

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Alan Waters
Individual · British · DOB 09/1944 · age 82
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Brenda Muriel Waters
Individual · British · DOB 12/1935 · age 91
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2005-04-11
Jurisdictionengland-wales
Primary SIC46740 — SIC 46740

Registered office

Alderwick James & Co
4 The Sanctuary
23 Oakhill Grove Surbiton
Surrey
KT6 6DU

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-04-25
Last: 2025-04-11

Officers (3 active · 2 resigned)

WATERS, Alan→
director · ~82y · appointed 2005-04-11
View their other companies + combined net worth →
Active
WATERS, Marnel Jane→
director · ~55y · appointed 2005-04-11
View their other companies + combined net worth →
Active
WATERS, Neil Edward James→
director · ~51y · appointed 2005-04-11
View their other companies + combined net worth →
Active
WATERS, Brenda Muriel→
secretary · appointed 2005-04-11 · resigned 2025-10-02
Resigned
WATERS, Brenda Muriel→
director · ~91y · appointed 2005-04-11 · resigned 2025-10-02
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property23/05/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-03
termination-director-company-with-name-termination-date
officers · TM01
2025-12-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-31