WILLIAM WAUGH (EDINBURGH) LIMITED

🌳Matureactive

SC075659 · ltd · incorporated 1981-07-27

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 43.2y old — refinance window within 12 months

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

—

year to Aug 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

ALSO REGISTERED FOR

38320SIC 38320

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 43.2y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 43.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (85/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

10 officers (5 active, 10 linked, 6 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

114 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-08-31	2024-08-31	2023-08-31
Average employees	23	2200	2100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-23
➕
YOUNG, Simon Fraser appointed
director
2024-04-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-12-12
➕
WAUGH, Louise Alison appointed
director
2023-12-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-28
➖
WRIGHT, Peter Crawford resigned
director
2023-08-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
📄
accounts-with-accounts-type-small
accounts · AA
2022-01-13
📄
change-person-director-company-with-change-date
officers · CH01
2021-05-28
📄
accounts-with-accounts-type-small
accounts · AA
2020-06-01
📄
accounts-with-accounts-type-small
accounts · AA
2019-04-05
📄
accounts-with-accounts-type-small
accounts · AA
2018-04-13
📄
accounts-with-accounts-type-small
accounts · AA
2018-01-22
📄
change-person-secretary-company-with-change-date
officers · CH03
2017-06-06
📄
accounts-with-accounts-type-small
accounts · AA
2016-08-01
➕
WRIGHT, Peter Crawford appointed
director
2014-11-05
➖
WAUGH, David John resigned
director
2010-02-10
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2007-10-29
➕
WAUGH, Alan Martin appointed
secretary
2007-10-29
➖
GOURLAY, Ellen resigned
secretary
2000-10-20
➕
PRITCHARD, David Mark appointed
director
1998-09-01
➕
GOURLAY, Ellen appointed
secretary
1998-09-01
➖
WHITE, William Harrison resigned
secretary
1991-11-30
➖
ARNOLD, Joseph Alexander resigned
director
1984-01-09
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1983-05-05
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1981-07-27
🏢
Company incorporated
As WILLIAM WAUGH (EDINBURGH) LIMITED

Owner dependency

81/100

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "WAUGH" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+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

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
primary20+ year tenure: Director in role 26 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Nikkord Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

Nikkord Limited

Corporate parent · holds 50-75% shares

majority

⬇

WILLIAM WAUGH (EDINBURGH) LIMITED

This company · SC075659

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
Nikkord Limited Corporate entity	50–75%	—	50-75% shares	06/04/2016

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 · Energy & utilities · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CATCHMENT TAY LIMITED→ SC186492 · est 1998	£33.06M £23.80M–£42.31M	—	—	0	28y	80	61y
DALTON GROUP LIMITED→ SC088385 · est 1984	£6.78M £4.88M–£8.68M	—	—	6500	42y	82	39y
AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996	£2.98M £2.14M–£3.81M	£11.23M	—	3600	30y	85	64y
BENMORE ESTATE LIMITED→ SC192048 · est 1998	—	—	£18.74M	—	27y	83	66y
ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991	—	—	—	100	34y	82	68y
FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002	—	—	—	54	24y	82	64y
GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009	—	—	£753.6k	—	17y	82	59y
GREENSPAN ELECTRIC CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y
GREENSPAN ELECTRIC ST. FERGUS LIMITED→ SC366660 · est 2009	—	—	£228.8k	—	16y	82	59y
NIKKORD LIMITED→ SC085773 · est 1983	—	—	—	2	42y	82	59y
SCOTTISH WATER BUSINESS STREAM LIMITED→ SC294924 · est 2005 · no financials extracted	—	—	—	—	20y	82	62y
STRATHMORE ESTATES DEVELOPMENT LIMITED→ SC266274 · est 2004	—	—	—	200	22y	82	69y

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.

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Company details

Statusactive

Typeltd

Incorporated1981-07-27

Jurisdictionscotland

Primary SIC38110 — SIC 38110

Registered office

12 West Harbour Road

Edinburgh

EH5 1PH

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2027-03-14

Last: 2026-02-28