SCOTTISH WATER BUSINESS STREAM LIMITED

🌳Matureactive

SC294924 · ltd · incorporated 2005-12-29

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 5.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 36000

Sector: Water supply & waste

ALSO REGISTERED FOR

46719SIC 46719
82990Other business support service activities n.e.c.

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 5.2y

65/100

clean up first

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

· Oldest live charge is 5.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

28 officers (8 active, 28 linked, 23 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

120 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (72 events)Click to expand

2026-01-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
➕
MONAGHAN, Brian Francis appointed
director
2025-10-01
➖
HYND, Michelle resigned
director
2025-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2025-06-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-30
➕
ALLUM, Helen Catherine appointed
director
2025-05-30
➖
WALLACE, Stuart James resigned
director
2025-01-07
📄
accounts-with-accounts-type-full
accounts · AA
2024-05-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
➕
TAYLOR, Andrew George appointed
director
2024-04-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-17
🔓
Charge satisfied #1
2024-04-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
🔒
Charge registered #2
Lender: Scottish Water Business Stream Holdings Limited
2024-01-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-13
➖
BLACK, Forsyth Rutherford resigned
director
2024-01-03
📄
accounts-with-accounts-type-full
accounts · AA
2024-01-01
➕
MICHIE, Deirdre Elizabeth appointed
director
2024-01-01
➖
RICE, Susan Ilene, Lady resigned
director
2023-10-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-01
➕
GILDER, Lynne appointed
director
2023-05-01
➖
MCDOWALL, Colin James Mccutcheon resigned
director
2022-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-25
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-03-25
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-24
➕
MCLEAN, Niall appointed
secretary
2022-03-24
➖
COTTON, Roger Hamish resigned
secretary
2021-12-17
📄
accounts-with-accounts-type-full
accounts · AA
2021-03-16
🔒
Charge registered #1
Lender: Scottish Water Business Stream Holdings Limited
2021-01-14
➕
BLACK, Forsyth Rutherford appointed
director
2020-03-31
➖
SPOWART, James resigned
director
2019-10-01
➕
HYND, Michelle appointed
director
2019-08-30
➕
MCLAREN, Alexander Douglas appointed
director
2019-07-31
➖
SMITH, Edward John Gerard resigned
director
2018-04-01
➕
WALLACE, Stuart James appointed
director
2017-12-31
➖
MCMILLAN, Amanda Eliza resigned
director
2017-04-01
➕
SPOWART, James appointed
director
2017-01-01
➕
SMITH, Edward John Gerard appointed
director
2016-12-31
➖
MACDIARMID, Donald William resigned
director
2016-04-08
➕
COTTON, Roger Hamish appointed
secretary
2016-01-27
➖
SMITH, Charles resigned
secretary
2015-09-01
➕
MCDOWALL, Colin James Mccutcheon appointed
director
2015-06-01
➖
MERCER, Ronnie Edward resigned
director
2015-06-01
➕
RICE, Susan Ilene, Lady appointed
director

Showing most recent 50 of 72 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

53/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HYND, Michelle resigned 2025-10-01; WALLACE, Stuart James resigned 2025-05-30

Group structure

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

🏛️

Scottish Water Business Stream Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

SCOTTISH WATER BUSINESS STREAM LIMITED

This company · SC294924

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%

Name	Shares	Voting rights	Nature of control	Notified
Scottish Water Business Stream Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	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 →

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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 →

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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.

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Company details

Statusactive

Typeltd

Incorporated2005-12-29

Jurisdictionscotland

Primary SIC36000 — SIC 36000

Registered office

1-3 Lochside Crescent

Edinburgh

EH12 9SE

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-12

Last: 2025-12-29