LOW WATERS DEVELOPMENTS LTD

🌳Matureactive
SC248637 · ltd · incorporated 2003-04-30
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£33.9k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). 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 (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.6y

50/100
clean up first

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

  • · Oldest live charge is 22.6 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 (77/100)

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 (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 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 105 (micro)
Positive net assets
Net assets £33,907

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£34k
↑ 2.9% YoY
Current Assets
£111k
↑ 13% YoY
Current Liabilities
—
£0£22k£44k£66k£88k£111kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£499.2k£498.2k
Current assets£110.6k£98.1k
Net assets£33.9k£32.9k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-04-10
    🔓
    Charge satisfied #1
  5. 2024-01-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-01-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-01-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-11-21
    ➖
    STEEL, Elizabeth Hunter resigned
    director
  10. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-03-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-11-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2020-10-10
    ➕
    STEEL, Roderick John appointed
    director
  15. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-10-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2006-01-16
    🔒
    Charge registered #2
    Lender: W & A.B. Richardson Limited
  20. 2003-10-11
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 2003-04-30
    🏢
    Company incorporated
    As LOW WATERS DEVELOPMENTS LTD
  22. 2003-04-30
    ➕
    STEEL, Rhona Jean Richardson appointed
    secretary
  23. 2003-04-30
    ➕
    STEEL, Rhona Jean Richardson appointed
    director
  24. 2003-04-30
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2003-04-30
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  26. 2003-04-30
    ➕
    STEEL, Elizabeth Hunter appointed
    director
  27. 2003-04-30
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  28. 2003-04-30
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

84/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 63. 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 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
NameSharesVoting rightsNature of controlNotified
Ms Rhona Jean Richardson Steel
Individual · British · DOB 04/1967 · age 59
——sig. influencesignificant influence21/04/2023
1 historic (ceased) PSC
  • Mrs Elizabeth Hunter Steelceased 21/11/2023· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BLAVEN LIMITED→
SC160238 · est 1995
£1.94M
£1.65M–£2.24M
—£1.94M—30y8373y
GLENVICASKILL DEVELOPMENTS LIMITED→
SC235334 · est 2002
£658.2k
£559.5k–£756.9k
—£658.2k—23y8282y
GEDDES PROPERTIES (NAIRN) LIMITED→
SC141250 · est 1992
£538.2k
£457.5k–£618.9k
—£538.2k—33y8265y
FINDHORN SALMON FISHINGS LIMITED→
SC030593 · est 1955
£291.2k
£247.5k–£334.9k
—£291.2k—71y8277y
FAIRFIELD PROPERTIES (INVERNESS) LTD.→
SC244714 · est 2003
£217.0k
£184.5k–£249.6k
—£217.0k—23y8275y
NORTHLANDS PROPERTIES LIMITED→
SC195787 · est 1999
£214.5k
£182.3k–£246.6k
—£214.5k—27y8359y
CRUACHAN FLATS LIMITED→
SC242899 · est 2003
£148.1k
£125.9k–£170.3k
—£148.1k—23y8277y
BELVOIR LETTINGS (MORAY) LTD→
SC302163 · est 2006
£124.4k
£105.7k–£143.0k
—£124.4k—20y8267y
CAMERON HARRIS LTD.→
SC241344 · est 2002
£93.0k
£79.0k–£106.9k
—£93.0k—23y8278y
KINELLAN BUILDING LTD→
SC331246 · est 2007
£59.5k
£50.5k–£68.4k
—£59.5k—18y8272y
EDINBANE ESTATE WIND FARM LIMITED→
SC166590 · est 1996
£41.1k
£34.9k–£47.2k
—£41.1k—29y8377y
FORBES ENTERPRISES LTD.→
SC187106 · est 1998
£19.9k
£16.9k–£22.9k
—£19.9k—27y8277y
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
Incorporated2003-04-30
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4 Howford Road
Nairn
IV12 5QP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11

Officers (3 active · 3 resigned)

STEEL, Rhona Jean Richardson→
secretary · appointed 2003-04-30
View their other companies + combined net worth →
Active
STEEL, Rhona Jean Richardson→
director · ~59y · appointed 2003-04-30
View their other companies + combined net worth →
Active
STEEL, Roderick John→
director · ~63y · appointed 2020-10-10
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-04-30 · resigned 2003-04-30
Resigned
STEEL, Elizabeth Hunter→
director · ~86y · appointed 2003-04-30 · resigned 2023-11-21
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2003-04-30 · resigned 2003-04-30
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
outstanding
W & A.B. Richardson
W & A.B. Richardson Limited
Standard security1 property16/01/2006—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property11/10/200310/04/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-10
termination-director-company-with-name-termination-date
officers · TM01
2024-01-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-07