GROUNDWATER TAIT LIMITED

🌳Matureactive

SC350683 · ltd · incorporated 2008-10-31

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

£260.5k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -44% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 14.9y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 14.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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

Lenders & charges

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

Directors & officers

5 officers (5 active, 5 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

53 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £260,520

Net assets shrinking

Down £1,788 YoY

Cash draining

Cash down 44% YoY

Cash YoY

-44%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£152k

↓ 44% YoY

Net Worth

£261k

~ YoY

Current Assets

£291k

↓ 14% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31
Total assets	£280.5k	£285.0k
Current assets	£290.7k	£339.6k
Cash	£151.9k	£269.8k
Debtors	£38.5k	£15.8k
Net assets	£260.5k	£262.3k

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-11-06
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-07
🔓
Charge satisfied #2
2023-03-07
🔓
Charge satisfied #1
2022-10-31
📄
capital-allotment-shares
capital · SH01
2022-10-31
📄
capital-allotment-shares
capital · SH01
2022-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-04-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-04-01
➕
TAIT, Erlend James Groundwater appointed
director
2022-04-01
➕
WATSON, Kazia Jane appointed
director
2022-03-29
📄
memorandum-articles
incorporation · MA
2022-03-29
📄
resolution
resolution · RESOLUTIONS
2022-03-29
📄
capital-name-of-class-of-shares
capital · SH08
2021-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-01-07
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2011-06-09
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2008-10-31
🏢
Company incorporated
As GROUNDWATER TAIT LIMITED
2008-10-31
➕
TAIT, Olivia Jane appointed
secretary
2008-10-31
➕
TAIT, Erlend John appointed
director
2008-10-31
➕
TAIT, Olivia Jane appointed
director

Owner dependency

88/100

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "TAIT" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

43/100

Moderate signal

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

SIGNALS

primaryFamily succession underway: Not a takeover target — TAIT, Erlend James Groundwater (same surname) appointed 2022-04-01. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Erlend John Tait Individual · British · DOB 06/1952 · age 74	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Mrs Olivia Jane Tait Individual · British · DOB 01/1959 · age 67	25–50%	25–50%	25-50% shares · 25-50% voting	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.

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Similar companies

Active · Construction · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JOHN GUNN & SONS LIMITED→ SC029399 · est 1953	£19.24M £13.75M–£24.74M	—	—	4400	73y	82	56y
A&W SINCLAIR LTD→ SC277910 · est 2005	—	—	£4.40M	—	21y	82	70y
ALFRED FLETT LIMITED→ SC184541 · est 1998	—	—	—	4600	28y	82	65y
BRIAN BRASS LIMITED→ SC332317 · est 2007	—	—	£144.4k	—	18y	82	70y
CAITHNESS SCAFFOLDING CONTRACTORS LIMITED→ SC177351 · est 1997	—	—	£1.05M	—	28y	82	72y
DUNMORE PROPERTY LIMITED→ SC385260 · est 2010	—	—	£113.2k	—	15y	82	74y
G & R SUTHERLAND LTD.→ SC230181 · est 2002	—	—	£443.0k	—	24y	82	61y
HEARTLAND HOME SERVICES LIMITED→ SC130330 · est 1991	—	—	£27.5k	—	35y	82	75y
HUGH SIMPSON (CONTRACTORS) LIMITED→ SC067751 · est 1979	—	—	£11.00M	—	47y	82	66y
JOHN MACKAY LTD→ SC262414 · est 2004	—	—	£3.77M	—	22y	82	65y
M MACKAY SERVICES LTD→ SC877710 · est 2026 · no financials extracted	—	—	—	—	—	—	—
NORTH COAST PROPERTIES→ SC555507 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2008-10-31

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Ranganoust

Orphir

Orkney

KW17 2RB

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-11-14

Last: 2025-10-31

Officers (5 active · 0 resigned)

TAIT, Olivia Jane→

secretary · appointed 2008-10-31

View their other companies + combined net worth →

Active

TAIT, Erlend James Groundwater→

director · ~37y · appointed 2022-04-01

View their other companies + combined net worth →

Active

TAIT, Erlend John→

director · ~74y · appointed 2008-10-31

View their other companies + combined net worth →

Active

TAIT, Olivia Jane→

director · ~67y · appointed 2008-10-31

View their other companies + combined net worth →

Active

WATSON, Kazia Jane→

director · ~41y · appointed 2022-04-01

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)	A registered charge	—	07/01/2016	07/03/2023
	satisfied	Virgin Money Clydesdale Bank PLC	Standard security	1 property	09/06/2011	07/03/2023