HENDRY RAMSAY WATERS (WORLDWIDE) LIMITED

🌳Matureactive
SC240062 · ltd · incorporated 2002-11-25
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£192.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 01700
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Asset-holding vehicle with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.9y

70/100
ready

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

  • · Oldest live charge is 22.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

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
11 officers (3 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
76 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £192,144

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£192k
↑ 45% YoY
Current Assets
£287k
↓ 8.4% YoY
Current Liabilities
—
£0£63k£126k£188k£251k£314kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£199.1k£148.5k
Current assets£287.5k£313.9k
Net assets£192.1k£132.6k

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 (38 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-06-01
    ➖
    MAYGLOTHLING, Margaret Joy resigned
    director
  6. 2022-11-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-01-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-01-13
    ➕
    BEAL, Charles Edward appointed
    director
  10. 2020-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-05-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-03-25
    ➖
    LAING, Caroline resigned
    director
  13. 2019-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-05-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2017-05-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2017-05-03
    ➕
    LAING, Caroline appointed
    director
  19. 2017-05-03
    ➕
    MAYGLOTHLING, Margaret Joy appointed
    director
  20. 2016-06-03
    🔓
    Charge satisfied #2
  21. 2016-05-03
    ➕
    ELLIOT, Donald George appointed
    secretary
  22. 2016-05-03
    ➖
    ELLIOT & COMPANY WS resigned
    corporate-secretary
  23. 2016-04-07
    ➖
    MUIR, David resigned
    director
  24. 2014-12-23
    ➕
    MUIR, David appointed
    director
  25. 2014-12-18
    ➖
    CARMICHAEL, Ian Ronald resigned
    director
  26. 2009-05-22
    🔓
    Charge satisfied #1
  27. 2009-03-06
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  28. 2009-02-18
    ➕
    ELLIOT & COMPANY WS appointed
    corporate-secretary
  29. 2009-02-18
    ➖
    MACROBERTS - (FIRM) resigned
    corporate-nominee-secretary
  30. 2008-10-20
    ➕
    CARMICHAEL, Ian Ronald appointed
    director
  31. 2008-10-20
    ➖
    HENDRY, David Buchan resigned
    director
  32. 2003-06-10
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  33. 2003-02-10
    ➕
    WATERS, Vernon Peter appointed
    director
  34. 2003-02-10
    ➕
    HENDRY, David Buchan appointed
    director
  35. 2003-02-10
    ➖
    MACROBERTS CORPORATE SERVICES LIMITED resigned
    corporate-nominee-director
  36. 2002-11-25
    🏢
    Company incorporated
    As HENDRY RAMSAY WATERS (WORLDWIDE) LIMITED
  37. 2002-11-25
    ➕
    MACROBERTS - (FIRM) appointed
    corporate-nominee-secretary
  38. 2002-11-25
    ➕
    MACROBERTS CORPORATE SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

98/100
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 "WATERS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

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 75 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 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Vernon Peter Waters
Individual · British · DOB 04/1951 · age 75
75–100%
—75-100% 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

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
Incorporated2002-11-25
Jurisdictionscotland
Primary SIC01700 — SIC 01700

Registered office

6 Atholl Crescent
Perth
PH1 5JN

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-18
Last: 2025-07-04

Officers (3 active · 8 resigned)

ELLIOT, Donald George→
secretary · appointed 2016-05-03
View their other companies + combined net worth →
Active
BEAL, Charles Edward→
director · ~52y · appointed 2021-01-13
View their other companies + combined net worth →
Active
WATERS, Vernon Peter→
director · ~75y · appointed 2003-02-10
View their other companies + combined net worth →
Active
ELLIOT & COMPANY WS→
corporate-secretary · appointed 2009-02-18 · resigned 2016-05-03
Resigned
MACROBERTS - (FIRM)→
corporate-nominee-secretary · appointed 2002-11-25 · resigned 2009-02-18
Resigned
CARMICHAEL, Ian Ronald→
director · ~68y · appointed 2008-10-20 · resigned 2014-12-18
Resigned
HENDRY, David Buchan→
director · ~65y · appointed 2003-02-10 · resigned 2008-10-20
Resigned
LAING, Caroline→
director · ~79y · appointed 2017-05-03 · resigned 2020-03-25
Resigned
MAYGLOTHLING, Margaret Joy→
director · ~64y · appointed 2017-05-03 · resigned 2023-06-01
Resigned
MUIR, David→
director · ~45y · appointed 2014-12-23 · resigned 2016-04-07
Resigned
MACROBERTS CORPORATE SERVICES LIMITED→
corporate-nominee-director · appointed 2002-11-25 · resigned 2003-02-10
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property06/03/200903/06/2016
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property10/06/200322/05/2009

Recent filings (76 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-10
termination-director-company-with-name-termination-date
officers · TM01
2023-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-08
appoint-person-director-company-with-name-date
officers · AP01
2021-01-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-21
termination-director-company-with-name-termination-date
officers · TM01
2020-05-21