WAVERLEY STEAM NAVIGATION CO. LIMITED

🌳Matureactive

SC050789 · ltd · incorporated 1972-06-14

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 50100

Sector: Transportation & storage

Investor take

Pursue

Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 81). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 48.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 48.7 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (58/100)

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

No iXBRL financials extracted

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

43 officers (9 active, 43 linked, 38 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

199 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (96 events)Click to expand

2025-07-16
📄
accounts-with-accounts-type-group
accounts · AA
2024-07-10
📄
accounts-with-accounts-type-group
accounts · AA
2024-05-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-08
➕
BEVERIDGE, John Mackenzie appointed
director
2023-12-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-14
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-07-05
📄
accounts-with-accounts-type-group
accounts · AA
2023-02-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-02-09
➖
LONG, Andrew Victor resigned
director
2022-06-30
📄
accounts-with-accounts-type-group
accounts · AA
2022-06-27
📄
statement-of-companys-objects
change-of-constitution · CC04
2022-06-27
📄
memorandum-articles
incorporation · MA
2022-06-27
📄
resolution
resolution · RESOLUTIONS
2022-06-01
📄
memorandum-articles
incorporation · MA
2022-06-01
📄
statement-of-companys-objects
change-of-constitution · CC04
2021-07-28
📄
accounts-with-accounts-type-group
accounts · AA
2021-07-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-07-01
➕
LONG, Andrew Victor appointed
director
2021-06-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-24
➕
SMITH, Colin James, Dr appointed
director
2021-02-09
📄
mortgage-charge-whole-cease-and-release-with-charge-number
mortgage · MR05
2020-12-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-12-08
➕
BEECROFT, Gregory David appointed
director
2020-09-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-09-09
➖
MARSHALL, Cameron Graham resigned
director
2019-04-03
➕
PETERS, Derek Neil Irving appointed
director
2019-03-21
➕
MARSHALL, Cameron Graham appointed
director
2018-12-13
➖
EMERY, Victor Reginald resigned
director
2018-12-13
➖
MEGORAN, John Hugh resigned
director
2018-12-13
➖
SHANKLAND, Ian Graham resigned
director
2018-12-13
➖
SINCLAIR, William Lawrie resigned
director
2018-12-13
➖
TAYLOR, George Alister resigned
director
2017-09-12
➕
EMERY, Victor Reginald appointed
director
2017-09-12
➖
KELLS, David William resigned
director
2014-09-30
➖
JAMES, Nicolas John resigned
director
2014-07-22
➖
MCMILLAN, James Stewart resigned
director
2014-06-19
➕
MCMILLAN, James Stewart appointed
director
2014-06-19
➕
MEGORAN, John Hugh appointed
director
2014-06-19
➕
SINCLAIR, William Lawrie appointed
director
2014-06-19
➕
TAYLOR, George Alister appointed
director
2014-06-10
➖
SYLVESTER, John Terrence resigned
director
2014-03-28
➖
RAMSAY, Ian resigned
director
2013-11-01
➖
MACLEOD, Iain Macintyre resigned
director
2013-10-31
➕
DOCHERTY, Deryk John appointed
director
2013-10-09
➖
REID, Gordon resigned
director
2013-04-20
➕
SHANKLAND, Ian Graham appointed
director
2013-04-20
➕
SYLVESTER, John Terrence appointed
director
2013-02-20
➖
ALLEN, Myra Helen Frances resigned
director
2012-11-16
➖
HOGG, Frederick Graeme resigned
director
2012-11-12
➕
KELLS, David William appointed
director

Showing most recent 50 of 96 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-8 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

80/100

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 27 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Paddle Steamer Preservation Society holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

Paddle Steamer Preservation Society

Corporate parent · holds 50-75% shares

majority

⬇

WAVERLEY STEAM NAVIGATION CO. LIMITED

This company · SC050789

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Paddle Steamer Preservation Society Corporate entity	50–75%	50–75%	50-75% shares · 50-75% voting	18/08/2016

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 →

Similar companies

Active · Transport & logistics · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CARNTYNE TRANSPORT COMPANY LIMITED→ SC032077 · est 1957	£18.37M £13.78M–£22.96M	—	—	342	69y	88	89y
STEDER GROUP (UK) LIMITED→ SC514277 · est 2015	£13.09M £9.82M–£16.37M	—	—	64	10y	85	59y
TBR GLOBAL LIMITED→ SC466687 · est 2014	£7.53M £5.65M–£9.42M	—	—	23	12y	83	63y
ACCIDON'T LIMITED→ SC196265 · est 1999	£1.85M £1.38M–£2.31M	—	—	8	27y	82	61y
AIR CHARTER SCOTLAND LIMITED→ SC303971 · est 2006	—	—	£574.2k	—	19y	83	65y
B & G CONTRACTS LIMITED→ SC254571 · est 2003	—	—	£600.0k	—	22y	83	71y
GARELOCHHEAD MINIBUSES & COACHES LTD.→ SC203633 · est 2000	—	—	—	3400	26y	83	60y
ABBEY COACHES LTD.→ SC215576 · est 2001	—	—	—	2000	25y	82	73y
ALBATRANS (UK) LIMITED→ SC250946 · est 2003	—	—	£3.84M	—	22y	82	69y
ALEXANDER MARITIME LTD.→ SC276276 · est 2004	—	—	£3.8k	—	21y	82	71y
AMS SCOTLAND LIMITED→ SC312105 · est 2006	—	—	—	1100	19y	82	78y
AVIATION WEST LIMITED→ SC130129 · est 1991	—	—	£74.5k	—	35y	82	73y

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.

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Company details

Statusactive

Typeltd

Incorporated1972-06-14

Jurisdictionscotland

Primary SIC50100 — SIC 50100

Registered office

Waverley Terminal

36 Lancefield Quay

Glasgow

G3 8HA

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31