WATSON DEVELOPMENTS LIMITED

🌳Matureactive
NI628887 · ltd · incorporated 2015-01-23
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Average employees00

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 (22 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-08-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-08-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2020-08-18
    ➕
    WATSON, Conor appointed
    director
  11. 2020-08-18
    ➕
    WATSON, Declan appointed
    director
  12. 2019-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2017-11-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-10-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2017-07-01
    ➖
    WATSON, Francis resigned
    director
  18. 2017-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2017-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2015-01-23
    🏢
    Company incorporated
    As WATSON DEVELOPMENTS LIMITED
  21. 2015-01-23
    ➕
    WATSON, Philomena appointed
    director
  22. 2015-01-23
    ➕
    WATSON, Francis appointed
    director

Owner dependency

88/100
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 "WATSON" — strong identity link between founder and business.
  • +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

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-06

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Philomena Watson
Individual · Irish · DOB 06/1944 · age 82
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Francis Watsonceased 01/07/2017· 25-50% shares · 25-50% voting · board control

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

8 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
Incorporated2015-01-23
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

1-3 The Square
Cloughey
Newtownards
County Down
BT22 1HR
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-02-06OVERDUE
Last: 2025-01-23

Officers (3 active · 1 resigned)

WATSON, Conor→
director · ~52y · appointed 2020-08-18
View their other companies + combined net worth →
Active
WATSON, Declan→
director · ~56y · appointed 2020-08-18
View their other companies + combined net worth →
Active
WATSON, Philomena→
director · ~82y · appointed 2015-01-23
View their other companies + combined net worth →
Active
WATSON, Francis→
director · ~85y · appointed 2015-01-23 · resigned 2017-07-01
Resigned

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

Recent filings (28 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-30
change-person-director-company-with-change-date
officers · CH01
2024-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-21
appoint-person-director-company-with-name-date
officers · AP01
2020-08-20
appoint-person-director-company-with-name-date
officers · AP01
2020-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-21