SCOTTISH WATER RETAIL LIMITED

💤Zombieactive
SC271640 · ltd · incorporated 2004-08-05
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 Aug 2024
Net worth
£2
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 36000
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2
~ YoY
Current Assets
—
Current Liabilities
—
£0£0£1£1£2£2Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£2£2
Net assets£2£2

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
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-09-01
    ➕
    DINGWALL, Alan appointed
    director
  5. 2024-08-31
    ➖
    STRATHIE, Brian Elliot resigned
    director
  6. 2024-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-07-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-06-30
    ➖
    SCOTT, Alan Philip resigned
    director
  9. 2023-06-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  10. 2023-06-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2023-06-19
    ➕
    HILL, Susan Margaret appointed
    secretary
  12. 2023-06-19
    ➖
    MILNE, Ramsay George Robert resigned
    secretary
  13. 2023-04-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2022-06-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2021-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2020-05-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-01-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2020-01-15
    ➕
    STRATHIE, Brian Elliot appointed
    director
  20. 2019-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2017-09-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2016-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2016-02-02
    ➖
    AXFORD, Thomas James Bernard resigned
    secretary
  24. 2016-02-02
    ➕
    MILNE, Ramsay George Robert appointed
    secretary
  25. 2016-02-02
    ➖
    AXFORD, Thomas James Bernard resigned
    director
  26. 2013-11-15
    ➖
    BANKS, Christopher resigned
    director
  27. 2013-11-15
    ➕
    SCOTT, Alan Philip appointed
    director
  28. 2004-08-05
    🏢
    Company incorporated
    As SCOTTISH WATER RETAIL LIMITED
  29. 2004-08-05
    ➕
    AXFORD, Thomas James Bernard appointed
    secretary
  30. 2004-08-05
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2004-08-05
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2004-08-05
    ➕
    AXFORD, Thomas James Bernard appointed
    director
  33. 2004-08-05
    ➕
    BANKS, Christopher appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Scottish Water is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Scottish Water
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SCOTTISH WATER RETAIL LIMITED
This company · SC271640

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Scottish Water
Corporate entity
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence06/04/2016

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

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ENVIROCLEAN (SCOTLAND) LIMITED→
SC176022 · est 1997
£9.58M
£6.90M–£12.26M
——24628y8459y
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SC040952 · est 1964
£4.90M
£3.53M–£6.28M
——590061y8459y
BARR + WRAY HOLDINGS 2 LIMITED→
SC276252 · est 2004
£1.34M
£963.0k–£1.71M
——021y8459y
BARR + WRAY HOLDINGS LIMITED→
SC175728 · est 1997
£1.34M
£963.0k–£1.71M
——028y8259y
BAILLIE WINDFARM LIMITED→
SC256692 · est 2003 · no financials extracted
————22y8371y
HIGHLANDER INTERNATIONAL RECYCLING LIMITED→
SC265586 · est 2004
——£1.59M—22y8361y
HIGHLANDER SECURITY SHREDDING LTD→
SC395423 · est 2011
——£646.8k—15y8361y
SPRUCE CARPETS LTD.→
SC280302 · est 2005 · no financials extracted
————21y8370y
RELIANCE CONTRACTS GROUP LIMITED→
SC805685 · est 2024 · no financials extracted
————2y——
SCOTTISH WATER LIMITED→
SC207004 · est 2000 · no financials extracted
————25y——
SF ELECTRICAL CONTRACTORS LTD.→
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————10y——
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————13y——
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
Incorporated2004-08-05
Jurisdictionscotland
Primary SIC36000 — SIC 36000

Registered office

The Bridge 6 Buchanan Gate
Stepps
Glasgow
G33 6FB
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05

Officers (2 active · 7 resigned)

HILL, Susan Margaret→
secretary · appointed 2023-06-19
View their other companies + combined net worth →
Active
DINGWALL, Alan→
director · ~53y · appointed 2024-09-01
View their other companies + combined net worth →
Active
AXFORD, Thomas James Bernard→
secretary · appointed 2004-08-05 · resigned 2016-02-02
Resigned
MILNE, Ramsay George Robert→
secretary · appointed 2016-02-02 · resigned 2023-06-19
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-08-05 · resigned 2004-08-05
Resigned
AXFORD, Thomas James Bernard→
director · ~66y · appointed 2004-08-05 · resigned 2016-02-02
Resigned
BANKS, Christopher→
director · ~66y · appointed 2004-08-05 · resigned 2013-11-15
Resigned
SCOTT, Alan Philip→
director · ~60y · appointed 2013-11-15 · resigned 2023-06-30
Resigned
STRATHIE, Brian Elliot→
director · ~63y · appointed 2020-01-15 · resigned 2024-08-31
Resigned

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

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-26
appoint-person-director-company-with-name-date
officers · AP01
2024-09-02
termination-director-company-with-name-termination-date
officers · TM01
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
termination-director-company-with-name-termination-date
officers · TM01
2023-07-11
appoint-person-secretary-company-with-name-date
officers · AP03
2023-06-21
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-06