R.F. WATTERS ROOFING AND BUILDING CONTRACTORS LIMITED

🌳Matureactive
SC229587 · ltd · incorporated 2002-03-25
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 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
Average employees1200-1100

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
6
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
7
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-03-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2026-03-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-21
    ➕
    WATTERS, Bryan Peter appointed
    director
  12. 2021-09-21
    ➖
    WATTERS, Bryan resigned
    director
  13. 2021-09-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-09-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-03-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2021-03-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-03-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2020-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-03-12
    ➕
    WATTERS, Bryan appointed
    director
  20. 2020-03-12
    ➖
    WATTERS, Garry Mark resigned
    director
  21. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2013-04-22
    ➕
    WATTERS, Louise Anne appointed
    director
  23. 2013-04-22
    ➖
    WATTERS, Sandra resigned
    secretary
  24. 2013-04-22
    ➕
    WATTERS, Garry Mark appointed
    director
  25. 2013-04-22
    ➖
    WATTERS, Sandra Elizabeth resigned
    director
  26. 2011-01-13
    ➖
    WATTERS, Robert Francis resigned
    director
  27. 2011-01-13
    ➕
    WATTERS, Sandra Elizabeth appointed
    director
  28. 2004-11-21
    ➖
    WATTERS, Garry Mark resigned
    secretary
  29. 2004-11-21
    ➕
    WATTERS, Sandra appointed
    secretary
  30. 2002-03-25
    🏢
    Company incorporated
    As R.F. WATTERS ROOFING AND BUILDING CONTRACTORS LIMITED
  31. 2002-03-25
    ➕
    WATTERS, Garry Mark appointed
    secretary
  32. 2002-03-25
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  33. 2002-03-25
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  34. 2002-03-25
    ➕
    WATTERS, Robert Francis appointed
    director
  35. 2002-03-25
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  36. 2002-03-25
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

81/100
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 "WATTERS" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 24 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
Miss Louise Anne Watters
Individual · British · DOB 08/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting02/03/2017
Mr Bryan Peter Watters
Individual · British · DOB 07/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting02/03/2017
1 historic (ceased) PSC
  • Mr Garry Mark Wattersceased 12/03/2020· 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

6 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
Incorporated2002-03-25
Jurisdictionscotland
Primary SIC43910 — Roofing activities

Registered office

18 Dellingburn Street
Greenock
PA15 4TW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (2 active · 8 resigned)

WATTERS, Bryan Peter→
director · ~51y · appointed 2021-09-21
View their other companies + combined net worth →
Active
WATTERS, Louise Anne→
director · ~48y · appointed 2013-04-22
View their other companies + combined net worth →
Active
WATTERS, Garry Mark→
secretary · appointed 2002-03-25 · resigned 2004-11-21
Resigned
WATTERS, Sandra→
secretary · appointed 2004-11-21 · resigned 2013-04-22
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-03-25 · resigned 2002-03-25
Resigned
WATTERS, Bryan→
director · ~51y · appointed 2020-03-12 · resigned 2021-09-21
Resigned
WATTERS, Garry Mark→
director · ~55y · appointed 2013-04-22 · resigned 2020-03-12
Resigned
WATTERS, Robert Francis→
director · ~74y · appointed 2002-03-25 · resigned 2011-01-13
Resigned
WATTERS, Sandra Elizabeth→
director · ~78y · appointed 2011-01-13 · resigned 2013-04-22
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-03-25 · resigned 2002-03-25
Resigned

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

Recent filings (81 total)

change-person-director-company-with-change-date
officers · CH01
2026-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-31
change-person-director-company-with-change-date
officers · CH01
2026-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-10