1862 GREAT ORME WATER LTD

🌿Early-stageactive
14958665 · ltd · incorporated 2023-06-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£-438
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 11070
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 73/100 (strong), bankability 70/100. Same-surname younger director in place — likely family handover, not open to sale. 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, 1 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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £438
Cash YoY
+17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£15k
↑ 17% YoY
Net Worth
-£438
↑ 91% YoY
Current Assets
£16k
Current Liabilities
-£5k-£526£4k£8k£12k£16kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£157£-4.8k
Current assets£16.4k
Cash£14.7k£12.5k
Net assets£-438£-4.8k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2024-09-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-07-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-07-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-07-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  7. 2023-06-24
    🏢
    Company incorporated
    As 1862 GREAT ORME WATER LTD
  8. 2023-06-24
    KILPATRICK, David appointed
    director
  9. 2023-06-24
    KILPATRICK, Jordan appointed
    director
  10. 2023-06-24
    KILPATRICK, Raymond appointed
    director
  11. 2023-06-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.8 years old — management layer unlikely to be developed.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-09-17: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jordan Kilpatrick
Individual · British · DOB 12/1999 · age 27
2550%
25–50%25-50% shares · 25-50% voting24/06/2023
Mr Raymond Kilpatrick
Individual · British · DOB 01/1963 · age 63
2550%
25–50%25-50% shares · 25-50% voting24/06/2023

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
Incorporated2023-06-24
Jurisdictionwales
Primary SIC11070 — SIC 11070

Registered office

The Lighthouse Marine Drive
Great Ormes Head
Llandudno
Conwy
LL30 2XD
Wales

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-07
Last: 2025-06-23

Officers (3 active · 0 resigned)

KILPATRICK, David
director · ~62y · appointed 2023-06-24
View their other companies + combined net worth →
Active
KILPATRICK, Jordan
director · ~27y · appointed 2023-06-24
View their other companies + combined net worth →
Active
KILPATRICK, Raymond
director · ~63y · appointed 2023-06-24
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
certificate-change-of-name-company
change-of-name · CERTNM
2024-09-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-24
change-person-director-company-with-change-date
officers · CH01
2023-07-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-24
change-account-reference-date-company-current-shortened
accounts · AA01
2023-07-12
incorporation-company
incorporation · NEWINC
2023-06-24