THE WATERFRONT COMPANY (OBAN) LIMITED

📉Decliningactive
SC295986 · ltd · incorporated 2006-01-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · medium confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: growth → declining
  • · Investment thesis: growth_story → unclassified
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
What changed my view
Last 30 days

Picture worsened over the last 30 days — 1 negative signal vs 0 positive.

  • ↓Lifecycle stage: growth → declining
  • ·Investment thesis: growth_story → unclassified
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
£36.0k
year to Mar 2026
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Leverage-led grower 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. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 20.3y

50/100
clean up first

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

  • · Oldest live charge is 20.3 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: high (88/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 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
🔒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 · accounting standard not declared
Profitable
Profit before tax £10,545
Revenue decline
Turnover down 74% YoY
Turnover YoY
-74%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-312024-03-31
Turnover£36.0k£136.0k£30.0k
Gross profit£36.0k£136.0k£30.0k
Operating profit£14.3k——
Profit before tax£10.5k£109.9k£2.4k
Average employees100100100

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 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-08-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2021-08-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-03-31
    ➖
    SLOAN, Paul Gerrard resigned
    director
  10. 2021-03-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-03-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2017-10-28
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  18. 2017-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-09-30
    ➖
    SCOTT, Roderick James resigned
    director
  20. 2016-09-30
    ➕
    SLOAN, Paul Gerrard appointed
    director
  21. 2006-05-08
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  22. 2006-03-27
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  23. 2006-01-24
    🏢
    Company incorporated
    As THE WATERFRONT COMPANY (OBAN) LIMITED
  24. 2006-01-24
    ➕
    SCOTT, Susan Linda appointed
    secretary
  25. 2006-01-24
    ➕
    MACLACHLAINN, Calum Eoghann appointed
    director
  26. 2006-01-24
    ➕
    SCOTT, Roderick James appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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.)

Group structure

Tob Property Management & Investments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Tob Property Management & Investments Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
THE WATERFRONT COMPANY (OBAN) LIMITED
This company · SC295986

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
Tob Property Management & Investments Ltd
Corporate entity
75–100%
—75-100% shares09/08/2021
2 historic (ceased) PSCs
  • Mr Calum Eoghann Maclachlainnceased 09/08/2021· 75-100% shares
  • Mr Paul Gerrard Sloanceased 31/03/2021· 25-50% shares

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

9 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
Incorporated2006-01-24
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

No.1 The Pier
Oban
Argyll
PA34 4LW

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (2 active · 2 resigned)

SCOTT, Susan Linda→
secretary · appointed 2006-01-24
View their other companies + combined net worth →
Active
MACLACHLAINN, Calum Eoghann→
director · ~63y · appointed 2006-01-24
View their other companies + combined net worth →
Active
SCOTT, Roderick James→
director · ~66y · appointed 2006-01-24 · resigned 2016-09-30
Resigned
SLOAN, Paul Gerrard→
director · ~59y · appointed 2016-09-30 · resigned 2021-03-31
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—28/10/2017—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property08/05/2006—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property27/03/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-08-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-31