MDW SCOTLAND LTD

🌳Matureactive
SC206317 · ltd · incorporated 2000-04-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£395.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 76-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 76). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 21.7y

65/100
clean up first

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

  • · Oldest live charge is 21.7 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 (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
71 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 · accounting standard not declared
Positive net assets
Net assets £395,226
Net assets shrinking
Down £79,580 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£395k
↓ 17% YoY
Current Assets
£429k
↓ 15% YoY
Current Liabilities
—
£0£101k£203k£304k£406k£507kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£395.2k£474.8k
Current assets£429.0k£507.1k
Net assets£395.2k£474.8k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-09-09
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-12-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-05-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2018-05-31
    🔓
    Charge satisfied #2
  14. 2017-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-12-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2017-12-01
    ➕
    WATSON, Jeanette White appointed
    director
  17. 2016-10-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-01-01
    ➖
    COUPER, Gordon resigned
    secretary
  19. 2005-04-24
    ➖
    BIRRELL, John resigned
    secretary
  20. 2005-04-24
    ➕
    COUPER, Gordon appointed
    secretary
  21. 2004-12-03
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 2004-09-22
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2001-05-09
    ➖
    WHITE, William Alan resigned
    secretary
  24. 2001-02-16
    ➕
    BIRRELL, John appointed
    secretary
  25. 2000-04-14
    🏢
    Company incorporated
    As MDW SCOTLAND LTD
  26. 2000-04-14
    ➕
    WATSON, Michael Durkin appointed
    director
  27. 2000-04-14
    ➕
    WHITE, William Alan appointed
    secretary
  28. 2000-04-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  29. 2000-04-14
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — 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 76 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 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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 Jeanette White Watson
Individual · British · DOB 04/1955 · age 71
25–50%
—25-50% shares01/01/2025
Mr Michael Durkin Watson
Individual · British · DOB 06/1950 · age 76
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest06/04/2016

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
Incorporated2000-04-14
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

43 Eskbank Road
Bonnyrigg
Midlothian
EH19 3AL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (2 active · 4 resigned)

WATSON, Jeanette White→
director · ~71y · appointed 2017-12-01
View their other companies + combined net worth →
Active
WATSON, Michael Durkin→
director · ~76y · appointed 2000-04-14
View their other companies + combined net worth →
Active
BIRRELL, John→
secretary · appointed 2001-02-16 · resigned 2005-04-24
Resigned
COUPER, Gordon→
secretary · appointed 2005-04-24 · resigned 2011-01-01
Resigned
WHITE, William Alan→
secretary · appointed 2000-04-14 · resigned 2001-05-09
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-04-14 · resigned 2000-04-14
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
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/12/200431/05/2018
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property22/09/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-09
resolution
resolution · RESOLUTIONS
2020-09-09