VARWELL LIMITED

🌳Matureactive
SC056124 · ltd · incorporated 1974-08-02
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 51.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£29.0k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 87-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 87). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 51.0y

70/100
ready

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

  • · Oldest live charge is 51.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
8 officers (4 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
103 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £28,953

Key financials

2 years extracted from filed iXBRL accounts
Cash
£252
Net Worth
£29k
↑ 6.5% YoY
Current Assets
£3k
Current Liabilities
—
£0£6k£12k£17k£23k£29kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£29.0k£76.2k
Current assets£3.3k—
Cash£252—
Debtors£3.0k—
Net assets£29.0k£27.2k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2019-11-26
    🔓
    Charge satisfied #2
  9. 2019-11-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2019-11-20
    🔓
    Charge satisfied #1
  11. 2019-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-05-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2018-05-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2018-04-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2017-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 1994-06-08
    ➕
    BLACKWELL, Arlene June appointed
    secretary
  19. 1994-06-08
    ➕
    BLACKWELL, John Robert appointed
    director
  20. 1994-06-08
    ➖
    MACDONALDS resigned
    corporate-secretary
  21. 1993-04-30
    🔓
    Charge satisfied #4
  22. 1992-07-09
    ➕
    BLACKWELL, Arlene June appointed
    director
  23. 1992-07-09
    ➕
    MACDONALDS appointed
    corporate-secretary
  24. 1992-06-06
    ➖
    MOTHERWELL, William resigned
    director
  25. 1992-04-29
    ➖
    MOTHERWELL, William resigned
    secretary
  26. 1992-04-02
    ➖
    GILMOUR, William Mcintosh resigned
    secretary
  27. 1992-04-02
    ➕
    MOTHERWELL, William appointed
    secretary
  28. 1987-10-09
    🔒
    Charge registered #4
    Lender: Morris & Spottiswood LTD
  29. 1984-05-07
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  30. 1975-04-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  31. 1974-08-02
    🏢
    Company incorporated
    As VARWELL LIMITED

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 87 — 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 87 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 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 ·
Charge satisfaction-then-recreation pattern
medium

Multiple 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%
NameSharesVoting rightsNature of controlNotified
Mr Brian Sidney Blackwell
Individual · British · DOB 11/1939 · age 87
75–100%
—75-100% shares01/05/2018
1 historic (ceased) PSC
  • Mr John Robert Blackwellceased 28/04/2018· significant influence

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

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
Incorporated1974-08-02
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

The Briars
Station Road
Rhu
Argyll,
G84 8LW

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20

Officers (4 active · 4 resigned)

BLACKWELL, Arlene June→
secretary · appointed 1994-06-08
View their other companies + combined net worth →
Active
BLACKWELL, Arlene June→
director · ~86y · appointed 1992-07-09
View their other companies + combined net worth →
Active
BLACKWELL, Brian Sidney→
director · ~87y
View their other companies + combined net worth →
Active
BLACKWELL, John Robert→
director · ~61y · appointed 1994-06-08
View their other companies + combined net worth →
Active
GILMOUR, William Mcintosh→
secretary · resigned 1992-04-02
Resigned
MOTHERWELL, William→
secretary · appointed 1992-04-02 · resigned 1992-04-29
Resigned
MACDONALDS→
corporate-secretary · appointed 1992-07-09 · resigned 1994-06-08
Resigned
MOTHERWELL, William→
director · ~87y · resigned 1992-06-06
Resigned

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
TypeProperties
satisfied
Morris & Spottiswood
Morris & Spottiswood LTD
Standard security1 property09/10/198730/04/1993
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/05/198426/11/2019
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/04/197520/11/2019

Recent filings (103 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-21
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-30
mortgage-satisfy-charge-full
mortgage · MR04
2019-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-21
mortgage-satisfy-charge-full
mortgage · MR04
2019-11-20