PWP HOLDINGS LIMITED

🌳Matureactive
SC177994 · ltd · incorporated 1997-08-15
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 28.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£179.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

4 live charges · 2 lenders · oldest 28.3y

50/100
clean up first

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

  • · Oldest live charge is 28.3 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: 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 102
Positive net assets
Net assets £179,232
Cash YoY
+9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£72k
↑ 9.0% YoY
Net Worth
£179k
↑ 1.6% YoY
Current Assets
£73k
↑ 8.8% YoY
Current Liabilities
—
£0£36k£72k£108k£143k£179kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Total assets£179.2k£176.3k
Current assets£73.4k£67.5k
Cash£72.0k£66.1k
Debtors£1.4k£1.4k
Net assets£179.2k£176.3k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-08-07
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  2. 2025-08-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2025-06-30
    ➕
    ARMSTRONG, Michael Robert appointed
    secretary
  4. 2025-06-30
    ➖
    AITKEN, Janet resigned
    secretary
  5. 2025-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-12-04
    🔓
    Charge satisfied #4
  9. 2023-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-05-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2019-05-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-04-17
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2019-04-17
    📄
    capital-return-purchase-own-shares
    capital · SH03
  18. 2019-03-29
    ➖
    LINDSAY, Douglas Edwin resigned
    director
  19. 2018-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2017-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2011-02-24
    ➖
    POTTIE, Fraser Fletcher resigned
    director
  22. 2009-07-01
    ➕
    LINDSAY, Douglas Edwin appointed
    director
  23. 2007-05-17
    ➖
    WILSON, John Stewart resigned
    director
  24. 1999-10-21
    🔓
    Charge satisfied #1
  25. 1999-04-21
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  26. 1999-02-16
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  27. 1998-03-18
    🔒
    Charge registered #2
    Lender: Tsb Bank Scotland PLC
  28. 1998-02-16
    🔒
    Charge registered #1
    Lender: Tsb Bank Scotland PLC
  29. 1998-01-22
    ➕
    ARMSTRONG, Michael Robert appointed
    director
  30. 1998-01-22
    ➕
    SMITH, Alan James appointed
    director
  31. 1998-01-22
    ➕
    AITKEN, Janet appointed
    secretary
  32. 1998-01-22
    ➖
    BURNESS SOLICITORS resigned
    corporate-nominee-secretary
  33. 1998-01-22
    ➕
    POTTIE, Fraser Fletcher appointed
    director
  34. 1998-01-22
    ➕
    WILSON, John Stewart appointed
    director
  35. 1998-01-22
    ➖
    WJB (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  36. 1997-08-15
    🏢
    Company incorporated
    As PWP HOLDINGS LIMITED
  37. 1997-08-15
    ➕
    BURNESS SOLICITORS appointed
    corporate-nominee-secretary
  38. 1997-08-15
    ➕
    WJB (DIRECTORS) LIMITED appointed
    corporate-nominee-director

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

76/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 28 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Robert Armstrong
Individual · British · DOB 09/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Alan James Smith
Individual · British · DOB 05/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Douglas Edwin Lindsayceased 28/03/2019· 25-50% shares · 25-50% voting

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
Incorporated1997-08-15
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

19b Graham Street
Edinburgh
EH6 5QN

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15

Officers (3 active · 6 resigned)

ARMSTRONG, Michael Robert→
secretary · appointed 2025-06-30
View their other companies + combined net worth →
Active
ARMSTRONG, Michael Robert→
director · ~64y · appointed 1998-01-22
View their other companies + combined net worth →
Active
SMITH, Alan James→
director · ~67y · appointed 1998-01-22
View their other companies + combined net worth →
Active
AITKEN, Janet→
secretary · appointed 1998-01-22 · resigned 2025-06-30
Resigned
BURNESS SOLICITORS→
corporate-nominee-secretary · appointed 1997-08-15 · resigned 1998-01-22
Resigned
LINDSAY, Douglas Edwin→
director · ~64y · appointed 2009-07-01 · resigned 2019-03-29
Resigned
POTTIE, Fraser Fletcher→
director · ~80y · appointed 1998-01-22 · resigned 2011-02-24
Resigned
WILSON, John Stewart→
director · ~78y · appointed 1998-01-22 · resigned 2007-05-17
Resigned
WJB (DIRECTORS) LIMITED→
corporate-nominee-director · appointed 1997-08-15 · resigned 1998-01-22
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/04/199904/12/2023
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property16/02/1999—
outstanding
Lloyds Banking Group
Tsb Bank Scotland PLC
Standard security1 property18/03/1998—
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Bond & floating charge1 property16/02/199821/10/1999
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (115 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-19
appoint-person-secretary-company-with-name-date
officers · AP03
2025-08-07
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-02
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-26