J.W. GRIEVE BORDER GAS LIMITED
🌳Matureactive
SC234387 · ltd · incorporated 2002-07-22
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
ALSO REGISTERED FOR
- 68201Renting and operating of Housing Association real estate
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 22.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 22.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
67 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 1400 | 1200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 signals 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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-10-01➕GRIEVE, Finlay Waldie appointeddirector
- 2020-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-07-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-04-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-05-26➖GRIERSON, Robert resigneddirector
- 2006-05-17➕GRIERSON, Robert appointeddirector
- 2005-06-17🔓Charge satisfied #1
- 2005-03-30🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2004-07-09🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2003-08-15🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-07-22🏢Company incorporatedAs J.W. GRIEVE BORDER GAS LIMITED
- 2002-07-22➕GRIEVE, Sandra appointedsecretary
- 2002-07-22➕GRIEVE, John William appointeddirector
- 2002-07-22➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-07-22➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-07-22➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-07-22➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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 "GRIEVE" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. 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 24 years. Very long tenure is a classic succession signal.
- 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John William Grieve Individual · British · DOB 03/1958 · age 68 | 25–50% | — | 25-50% shares | 01/07/2016 |
Mrs Sandra Grieve Individual · British · DOB 12/1959 · age 67 | 25–50% | — | 25-50% shares | 01/07/2016 |
4 historic (ceased) PSCs
- Mrs Sandra Grieveceased 09/07/2024· 25-50% shares
- Mr John William Grieveceased 09/07/2024· 25-50% shares
- Mr John William Grieveceased 09/07/2024· 25-50% shares
- Mrs Sandra Grieveceased 09/07/2024· 25-50% shares
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 →Similar companies
Active · Construction · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| IAN LAW (BUILDERS) LIMITED→ 04861033 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| IGLO PROPERTIES LTD→ 10587682 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| INDICA PROPERTIES LTD→ 10119219 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| J RICHARDSON GROUNDWORKS LTD→ 10670210 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| J S CRAWFORD PROPERTIES (BERWICK) LTD→ 09726119 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| J TINLIN JOINERY LTD→ SC726232 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| J. A. WILSON CONTRACTORS LTD→ SC410204 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| JACK BRUNSDON & SON LIMITED→ 00818979 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| JAG ELECTRICAL KELSO LTD→ SC807787 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMES SLATER ELECTRICAL SERVICES LTD→ 16532950 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JB CLARK ELECTRICAL LTD→ 12008875 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| JEDFOREST JOINERY LTD→ SC524677 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2002-07-22
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
The School House
Ashkirk
Selkirk
Borders
TD7 4NY
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22
Officers (3 active · 3 resigned)
Active
GRIEVE, Finlay Waldie→
Activedirector · ~36y · appointed 2020-10-01
View their other companies + combined net worth →
GRIEVE, John William→
Activedirector · ~68y · appointed 2002-07-22
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-07-22 · resigned 2002-07-22
GRIERSON, Robert→
Resigneddirector · ~70y · appointed 2006-05-17 · resigned 2016-05-26
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-07-22 · resigned 2002-07-22
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 30/03/2005 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 09/07/2004 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 15/08/2003 | 17/06/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (67 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21