MORGAN WATT ENTERPRISES LIMITED
💤Zombieactive
SC267723 · ltd · incorporated 2004-05-11
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-17.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 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
3 live charges · 2 lenders · oldest 21.9y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
53 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 declaredNegative net assets
Liabilities exceed assets by £17,726
Net assets shrinking
Down £18,909 YoY
Cash YoY
-17%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1k
↓ 17% YoY
Net Worth
-£18k
↓ 1598% YoY
Current Assets
£29k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £252.6k | £259.7k |
| Current assets | £29.3k | £29.1k |
| Cash | £1.1k | £1.3k |
| Debtors | £28.3k | £27.9k |
| Net assets | £-17.7k | £1.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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 (24 events)Click to expand
- 2026-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-11-25📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2016-05-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-11-26🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2004-07-01➖MILTON, Bruce resignednominee-director
- 2004-06-28🔒Charge registered #2Lender: Carlsberg UK (Scotland) Limited
- 2004-06-23🔒Charge registered #1Lender: Carlsberg UK (Scotland) Limited
- 2004-05-11🏢Company incorporatedAs MORGAN WATT ENTERPRISES LIMITED
- 2004-05-11➕MASSON GLENNIE LLP appointedcorporate-secretary
- 2004-05-11➕WATT, Kenneth appointeddirector
- 2004-05-11➕MILTON, Bruce appointednominee-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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "WATT" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kenneth Watt Individual · British · DOB 05/1964 · age 62 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 →Similar companies
Active · Hospitality · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| M BOX ABERDEEN LIMITED→ SC674442 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| M-ARDOE TRADECO LTD→ SC694094 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MAN YEE ABERDEEN LIMITED→ SC704043 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MARKET ARMS LIMITED→ SC264621 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| MAWM LTD→ SC804808 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MID INVESTMENTS LTD→ SC813133 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MILO SUN LIMITED→ SC722437 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| MISTRAL INVESTMENTS LTD→ SC464671 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| MOJO COFFEE & FOOD HOUSE LTD→ SC850854 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MPFA LIMITED→ SC833000 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NARGILE LEISURE LIMITED→ SC244465 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| NATHAN HOTEL LIMITED→ SC853937 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2004-05-11
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-25
Last: 2025-05-11
Officers (2 active · 1 resigned)
MASSON GLENNIE LLP→
Activecorporate-secretary · appointed 2004-05-11
View their other companies + combined net worth →
WATT, Kenneth→
Activedirector · ~62y · appointed 2004-05-11
View their other companies + combined net worth →
MILTON, Bruce→
Resignednominee-director · ~69y · appointed 2004-05-11 · resigned 2004-07-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
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 | 26/11/2007 | — | |
| outstanding | Carlsberg UK (Scotland) Carlsberg UK (Scotland) Limited | Standard security | 1 property | 28/06/2004 | — | |
| outstanding | Carlsberg UK (Scotland) Carlsberg UK (Scotland) Limited | Bond & floating charge | 1 property | 23/06/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-15