NW SECURITY GROUP LIMITED

🌳Matureactive
SC177283 · ltd · incorporated 1997-07-16
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£742.8k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
ALSO REGISTERED FOR
  • 62090Other information technology service activities
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 74/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.5y

70/100
ready

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

  • · Oldest live charge is 21.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
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
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £742,833

Key financials

2 years extracted from filed iXBRL accounts
Cash
£418k
Net Worth
£743k
Current Assets
£1.0m
Current Liabilities
—
£0£201k£401k£602k£803k£1.0mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£853.2k—
Current assets£1.00M—
Cash£417.6k—
Debtors£493.4k—
Net assets£742.8k—
Average employees—1700

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
4
filings
  • • 2 resolution
  • • 1 incorporation
  • • 1 capital
Last 180 days
4
filings
  • • 2 resolution
  • • 1 incorporation
  • • 1 capital
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-03-24
    📄
    resolution
    resolution · RESOLUTIONS
  2. 2026-03-24
    📄
    memorandum-articles
    incorporation · MA
  3. 2026-03-24
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-03-24
    📄
    capital-allotment-shares
    capital · SH01
  5. 2025-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-01-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-10
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2017-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2014-06-10
    🔓
    Charge satisfied #1
  18. 2013-12-24
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  19. 2013-12-20
    ➕
    SLOAN, Dionne appointed
    secretary
  20. 2013-12-20
    ➖
    GIBSON & SPEARS DOW & SON resigned
    corporate-secretary
  21. 2006-06-01
    ➖
    KILGOUR, Alexander Thomson resigned
    director
  22. 2004-11-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2004-11-01
    ➕
    BOWYER, Kevin William appointed
    director
  24. 2004-11-01
    ➕
    CROUWEL, Franciscus Albertus appointed
    director
  25. 2004-11-01
    ➕
    KILGOUR, Alexander Thomson appointed
    director
  26. 2004-10-06
    ➖
    VARA, Shailesh Lakhman resigned
    director
  27. 2001-11-21
    ➕
    VARA, Shailesh Lakhman appointed
    director
  28. 1999-10-26
    ➖
    ANSTEAD, Hamilton Douglas resigned
    director
  29. 1997-07-21
    ➕
    ANSTEAD, Hamilton Douglas appointed
    director
  30. 1997-07-16
    🏢
    Company incorporated
    As NW SECURITY GROUP LIMITED
  31. 1997-07-16
    ➕
    KILGOUR, Robert Dow appointed
    director
  32. 1997-07-16
    ➕
    GIBSON & SPEARS DOW & SON appointed
    corporate-secretary
  33. 1997-07-16
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 1997-07-16
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

75/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-23

Group structure

Dow Investments Plc holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Dow Investments Plc
Corporate parent · holds 25-50% shares
significant stake
⬇
NW SECURITY GROUP LIMITED
This company · SC177283

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Franciscus Albertus Crouwel
Individual · Dutch · DOB 02/1969 · age 57
25–50%
—25-50% shares06/04/2016
Mr Kevin Bowyer
Individual · British · DOB 11/1970 · age 56
25–50%
—25-50% shares06/04/2016
Dow Investments Plc
Corporate entity
25–50%
—25-50% shares06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1997-07-16
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

Archibald Hope House Eskmills Park
Station Road
Musselburgh
EH21 7PQ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-04-23OVERDUE
Last: 2025-04-09

Officers (4 active · 5 resigned)

SLOAN, Dionne→
secretary · appointed 2013-12-20
View their other companies + combined net worth →
Active
BOWYER, Kevin William→
director · ~56y · appointed 2004-11-01
View their other companies + combined net worth →
Active
CROUWEL, Franciscus Albertus→
director · ~57y · appointed 2004-11-01
View their other companies + combined net worth →
Active
KILGOUR, Robert Dow→
director · ~69y · appointed 1997-07-16
View their other companies + combined net worth →
Active
GIBSON & SPEARS DOW & SON→
corporate-secretary · appointed 1997-07-16 · resigned 2013-12-20
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1997-07-16 · resigned 1997-07-16
Resigned
ANSTEAD, Hamilton Douglas→
director · ~70y · appointed 1997-07-21 · resigned 1999-10-26
Resigned
KILGOUR, Alexander Thomson→
director · ~67y · appointed 2004-11-01 · resigned 2006-06-01
Resigned
VARA, Shailesh Lakhman→
director · ~66y · appointed 2001-11-21 · resigned 2004-10-06
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property24/12/2013—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/11/200410/06/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

resolution
resolution · RESOLUTIONS
2026-03-24
memorandum-articles
incorporation · MA
2026-03-24
resolution
resolution · RESOLUTIONS
2026-03-24
capital-allotment-shares
capital · SH01
2026-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-26