DEWAR ASSOCIATES LTD.

🌳Matureactive
SC155244 · ltd · incorporated 1995-01-06
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
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 31.4y 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 Oct 2025
Net worth
£95.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

1 live charge · oldest 31.4y

65/100
clean up first

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

  • · Oldest live charge is 31.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
78 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 · FRS 105 (micro)
Positive net assets
Net assets £95,318

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£95k
↑ 3.0% YoY
Current Assets
£218k
↓ 3.6% YoY
Current Liabilities
—
£0£45k£91k£136k£181k£227kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-10-312024-10-31
Total assets£97.8k£105.1k
Current assets£218.4k£226.6k
Net assets£95.3k£92.6k

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-06-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-11-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-06-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-01-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-06-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-06-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2000-03-01
    ➕
    DEWAR, Anne Flora appointed
    secretary
  17. 2000-03-01
    ➕
    DEWAR, Anne Flora appointed
    director
  18. 2000-03-01
    ➖
    TURNER, David resigned
    secretary
  19. 2000-03-01
    ➖
    TURNER, David resigned
    director
  20. 1995-02-07
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  21. 1995-01-06
    🏢
    Company incorporated
    As DEWAR ASSOCIATES LTD.
  22. 1995-01-06
    ➕
    DEWAR, Michael George appointed
    director
  23. 1995-01-06
    ➕
    TURNER, David appointed
    secretary
  24. 1995-01-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 1995-01-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  26. 1995-01-06
    ➕
    TURNER, David appointed
    director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "DEWAR" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Michael George Dewar
Individual · British · DOB 08/1953 · age 73
25–50%
50–75%50-75% shares · 50-75% voting06/04/2016

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 →

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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
Incorporated1995-01-06
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Second Floor Airbles House
270 Airbles Road
Motherwell
ML1 3AT
United Kingdom

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06

Officers (3 active · 3 resigned)

DEWAR, Anne Flora→
secretary · appointed 2000-03-01
View their other companies + combined net worth →
Active
DEWAR, Anne Flora→
director · ~69y · appointed 2000-03-01
View their other companies + combined net worth →
Active
DEWAR, Michael George→
director · ~73y · appointed 1995-01-06
View their other companies + combined net worth →
Active
TURNER, David→
secretary · appointed 1995-01-06 · resigned 2000-03-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1995-01-06 · resigned 1995-01-06
Resigned
TURNER, David→
director · ~78y · appointed 1995-01-06 · resigned 2000-03-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property07/02/1995—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-24