CAMWATER LIMITED

🌳Matureactive
SC150410 · ltd · incorporated 1994-04-22
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£148.6k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
ALSO REGISTERED FOR
  • 43320Joinery installation
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -83% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 31.8y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 31.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 5 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £148,567
Cash draining
Cash down 83% YoY
Cash YoY
-83%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£25k
↓ 83% YoY
Net Worth
£149k
↑ 14% YoY
Current Assets
£270k
↓ 21% YoY
Current Liabilities
—
£0£68k£137k£205k£273k£342kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£194.6k£218.7k
Current assets£270.1k£341.8k
Cash£25.1k£148.4k
Debtors£200.7k£144.8k
Net assets£148.6k£130.1k

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-12-11
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  8. 2019-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-04-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2019-04-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2018-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-11-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-03-04
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  17. 2006-05-31
    ➕
    COWIE, Kaye appointed
    secretary
  18. 2006-05-31
    ➕
    COWIE, Ian James appointed
    director
  19. 2006-05-31
    ➕
    COWIE, Kaye appointed
    director
  20. 2006-05-31
    ➖
    CAMPBELL, Margaret Catherine resigned
    secretary
  21. 2006-05-31
    ➖
    CAMPBELL, Gordon Alexander resigned
    director
  22. 2006-05-31
    ➖
    CAMPBELL, Margaret Catherine resigned
    director
  23. 2005-04-01
    ➕
    CAMPBELL, Margaret Catherine appointed
    secretary
  24. 2005-03-31
    ➖
    HAY, Julia Audrey resigned
    secretary
  25. 2005-03-31
    ➖
    HAY, Julia Audrey resigned
    director
  26. 2001-06-01
    ➖
    BROWN, Cheryl Catherine resigned
    secretary
  27. 2001-06-01
    ➕
    HAY, Julia Audrey appointed
    secretary
  28. 2001-06-01
    ➕
    HAY, Julia Audrey appointed
    director
  29. 1999-02-17
    ➖
    WATSON, Melville Forsyth resigned
    secretary
  30. 1999-02-01
    ➕
    BROWN, Cheryl Catherine appointed
    secretary
  31. 1994-07-14
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 1994-04-26
    ➕
    WATSON, Melville Forsyth appointed
    secretary
  33. 1994-04-26
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  34. 1994-04-26
    ➕
    CAMPBELL, Gordon Alexander appointed
    director
  35. 1994-04-26
    ➕
    CAMPBELL, Margaret Catherine appointed
    director
  36. 1994-04-26
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-nominee-director
  37. 1994-04-22
    🏢
    Company incorporated
    As CAMWATER LIMITED
  38. 1994-04-22
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  39. 1994-04-22
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 32 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Kaye Cowie
Individual · British · DOB 04/1964 · age 62
25–50%
—25-50% shares06/04/2016
Mr Ian James Cowie
Individual · British · DOB 03/1960 · age 66
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1994-04-22
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Leithfield
Oldmeldrum
Inverurie
Aberdeenshire
AB51 0BN

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (3 active · 9 resigned)

COWIE, Kaye→
secretary · appointed 2006-05-31
View their other companies + combined net worth →
Active
COWIE, Ian James→
director · ~66y · appointed 2006-05-31
View their other companies + combined net worth →
Active
COWIE, Kaye→
director · ~62y · appointed 2006-05-31
View their other companies + combined net worth →
Active
BROWN, Cheryl Catherine→
secretary · appointed 1999-02-01 · resigned 2001-06-01
Resigned
CAMPBELL, Margaret Catherine→
secretary · appointed 2005-04-01 · resigned 2006-05-31
Resigned
HAY, Julia Audrey→
secretary · appointed 2001-06-01 · resigned 2005-03-31
Resigned
WATSON, Melville Forsyth→
secretary · appointed 1994-04-26 · resigned 1999-02-17
Resigned
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1994-04-22 · resigned 1994-04-26
Resigned
CAMPBELL, Gordon Alexander→
director · ~81y · appointed 1994-04-26 · resigned 2006-05-31
Resigned
CAMPBELL, Margaret Catherine→
director · ~79y · appointed 1994-04-26 · resigned 2006-05-31
Resigned
HAY, Julia Audrey→
director · ~58y · appointed 2001-06-01 · resigned 2005-03-31
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-nominee-director · appointed 1994-04-22 · resigned 1994-04-26
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—04/03/2015—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property14/07/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-25
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2020-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-22