A & P WATSON LIMITED
🌳Matureactive
NI623923 · ltd · incorporated 2014-04-07
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 11.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£646.0k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
3 live charges · oldest 11.4y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 11.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £645,994
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£646k
↑ 8.2% YoY
Current Assets
£68k
↑ 37% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £646.0k | £597.2k |
| Current assets | £67.7k | £49.4k |
| Net assets | £646.0k | £597.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-06-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-18🔓Charge satisfied #3
- 2023-05-18🔓Charge satisfied #2
- 2023-05-18🔓Charge satisfied #1
- 2022-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-05-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-08-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-04-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-26📄change-person-director-company-with-change-dateofficers · CH01
- 2015-02-17➕WATSON, Andrea Caroline appointeddirector
- 2015-02-11🔒Charge registered #3Lender: Ulster Bank Limited
- 2014-12-30🔒Charge registered #2Lender: Ulster Bank Limited
- 2014-12-30🔒Charge registered #1Lender: Ulster Bank Limited
- 2014-04-07🏢Company incorporatedAs A & P WATSON LIMITED
- 2014-04-07➕WATSON, William Paul appointedsecretary
- 2014-04-07➕WATSON, William Paul appointeddirector
Owner dependency
81/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "WATSON" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr William Paul Watson Individual · British · DOB 12/1976 · age 50 | 75–100% | — | 75-100% shares | 07/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| GRANAGH CONSTRUCTION LTD→ NI625225 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| GRAND MANOR GROUP LTD→ NI734346 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GRANSHA PROPERTIES LIMITED→ NI714226 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| GRB LIMITED→ NI729382 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GREEN GABLES APARTMENTS MANAGEMENT COMPANY LIMITED→ NI073179 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2014-04-07
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
18 Alan Close
Newcastle
County Down
BT33 0TA
Northern Ireland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05
Officers (3 active · 0 resigned)
WATSON, William Paul→
Activesecretary · appointed 2014-04-07
View their other companies + combined net worth →
WATSON, Andrea Caroline→
Activedirector · ~46y · appointed 2015-02-17
View their other companies + combined net worth →
WATSON, William Paul→
Activedirector · ~50y · appointed 2014-04-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Ulster Bank Limited | A registered charge | 2 properties | 11/02/2015 | 18/05/2023 | |
| satisfied | NatWest Group Ulster Bank Limited | A registered charge | — | 30/12/2014 | 18/05/2023 | |
| satisfied | NatWest Group Ulster Bank Limited | A registered charge | 1 property | 30/12/2014 | 18/05/2023 |
Recent filings (35 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-18
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-18
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-18
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-09