IWA GROUP LTD

💤Zombieactive
SC332319 · ltd · incorporated 2007-10-12
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 Sept 2024
Net worth
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Average employees2200

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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-06-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-02-14
    RUDD, Nigel resigned
    director
  8. 2023-11-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2023-10-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2023-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-08-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2022-12-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2022-11-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2022-04-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2022-04-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2022-04-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-04-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2021-10-15
    RUDD, Graham Andrew appointed
    director
  19. 2021-10-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2021-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  21. 2021-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2021-09-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  23. 2013-10-12
    REID, Gerard William resigned
    secretary
  24. 2007-10-12
    🏢
    Company incorporated
    As IWA GROUP LTD
  25. 2007-10-12
    REID, Gerard William appointed
    secretary
  26. 2007-10-12
    RUDD, Nigel 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

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-28

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Graham Andrew Rudd
Individual · British · DOB 11/1982 · age 44
2550%
25–50%25-50% shares · 25-50% voting12/04/2022
3 historic (ceased) PSCs
  • Mr Graham Andrew Ruddceased 13/04/2022· 25-50% shares · 25-50% voting
  • Mr Graham Andrew Ruddceased 13/04/2022· 25-50% shares · 25-50% voting
  • Nigel Ruddceased 14/02/2024· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2007-10-12
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

54 Hope Street
Inverkeithing
Fife
KY11 1LN
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-04-28OVERDUE
Last: 2025-04-14

Officers (1 active · 2 resigned)

RUDD, Graham Andrew
director · ~44y · appointed 2021-10-15
View their other companies + combined net worth →
Active
REID, Gerard William
secretary · appointed 2007-10-12 · resigned 2013-10-12
Resigned
RUDD, Nigel
director · ~72y · appointed 2007-10-12 · resigned 2024-02-14
Resigned

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

Recent filings (75 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
termination-director-company-with-name-termination-date
officers · TM01
2024-06-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-10
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-23
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-11-11
gazette-notice-compulsory
gazette · GAZ1
2023-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-11
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-12-09
gazette-notice-compulsory
gazette · GAZ1
2022-11-29