J. WAUGH ELECTRICAL SERVICES LTD.

🌳Matureactive
SC277878 · ltd · incorporated 2004-12-30
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£2.1k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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: Cash flow review and working-capital discipline. Cash down -81% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
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 £2,053
Cash draining
Cash down 81% YoY
Cash YoY
-81%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
↓ 81% YoY
Net Worth
£2k
↑ 1225% YoY
Current Assets
£81k
↓ 36% YoY
Current Liabilities
—
£0£25k£50k£75k£101k£126kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£21.0k£45.7k
Current assets£81.0k£125.7k
Cash£8.4k£43.0k
Debtors£48.3k£62.5k
Net assets£2.1k£155

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-03-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2016-02-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-01-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-04-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-04-06
    ➕
    WAUGH, Katrina appointed
    director
  15. 2015-01-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2006-12-31
    ➕
    WAUGH, Katrina appointed
    secretary
  18. 2006-12-31
    ➖
    RANKIN, Anna Duthie resigned
    secretary
  19. 2004-12-30
    🏢
    Company incorporated
    As J. WAUGH ELECTRICAL SERVICES LTD.
  20. 2004-12-30
    ➕
    WAUGH, Jamie Wishart appointed
    director
  21. 2004-12-30
    ➕
    RANKIN, Anna Duthie appointed
    secretary
  22. 2004-12-30
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  23. 2004-12-30
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  24. 2004-12-30
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  25. 2004-12-30
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

91/100
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 "WAUGH" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jamie Wishart Waugh
Individual · British · DOB 07/1981 · age 45
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Katrina Waugh
Individual · British · DOB 09/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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SCOTNET (INTERNATIONAL) LTD.→
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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
Incorporated2004-12-30
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

Parklands
Toddlehills
Peterhead
Aberdeenshire
AB42 3LU

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-13
Last: 2025-12-30

Officers (3 active · 3 resigned)

WAUGH, Katrina→
secretary · appointed 2006-12-31
View their other companies + combined net worth →
Active
WAUGH, Jamie Wishart→
director · ~45y · appointed 2004-12-30
View their other companies + combined net worth →
Active
WAUGH, Katrina→
director · ~49y · appointed 2015-04-06
View their other companies + combined net worth →
Active
RANKIN, Anna Duthie→
secretary · appointed 2004-12-30 · resigned 2006-12-31
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-12-30 · resigned 2004-12-30
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-12-30 · resigned 2004-12-30
Resigned

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

Recent filings (56 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-07