BLUEWATER (STIRLING 4) LIMITED

🌳Matureactive

SC373831 · ltd · incorporated 2010-03-01

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

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

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 74-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

13 live charges · 4 lenders · oldest 15.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 15.9 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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

No iXBRL financials extracted

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

8 officers (6 active, 8 linked, 6 with DOB)

Ownership & PSC

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

Director network

14 connected companies via shared directors

Filing history

72 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-02
🔓
Charge satisfied #12
2025-04-15
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-15
📄
resolution
resolution · RESOLUTIONS
2025-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-19
🔓
Charge satisfied #8
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-12
🔓
Charge satisfied #10
2024-11-12
🔓
Charge satisfied #9
2024-11-01
🔒
Charge registered #13
Lender: Handelsbanken PLC
2024-11-01
🔒
Charge registered #12
Lender: Handelsbanken PLC
2024-11-01
🔒
Charge registered #11
Lender: Handelsbanken PLC
2024-03-01
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-04-04
🔒
Charge registered #10
Lender: The Royal Bank of Scotland PLC
2016-05-11
🔒
Charge registered #9
Lender: The Royal Bank of Scotland PLC
2016-05-11
🔓
Charge satisfied #3
2016-05-11
🔓
Charge satisfied #7
2016-05-11
🔓
Charge satisfied #6
2016-05-11
🔓
Charge satisfied #5
2016-05-11
🔓
Charge satisfied #4
2016-05-11
🔓
Charge satisfied #2
2016-05-03
🔒
Charge registered #8
Lender: The Royal Bank of Scotland PLC
2011-08-10
🔓
Charge satisfied #1
2011-07-08
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2011-07-07
🔒
Charge registered #7
Lender: Hsbc Bank PLC
2011-07-07
🔒
Charge registered #6
Lender: Hsbc Bank PLC
2011-07-07
🔒
Charge registered #5
Lender: Hsbc Bank PLC
2011-07-07
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2011-06-25
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2010-06-04
🔒
Charge registered #1
Lender: Hsbc Private Bank (UK) Limited
2010-03-01
🏢
Company incorporated
As BLUEWATER (STIRLING 4) LIMITED
2010-03-01
➕
QUINN, John Pollock appointed
secretary
2010-03-01
➕
QUINN, Anne appointed
director
2010-03-01
➕
QUINN, Fraser John appointed
director
2010-03-01
➕
QUINN, Gavin Matthew appointed
director
2010-03-01
➕
QUINN, John Pollock appointed
director
2010-03-01
➕
QUINN, Marc Lowson appointed
director
2010-03-01
➕
BRIAN REID LTD. appointed
corporate-secretary

Showing most recent 50 of 53 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 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

83/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 16 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

2 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Name changed recently

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-04-15: certificate-change-of-name-company

Group structure

Bluewater Holdings Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Bluewater Holdings Llp

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BLUEWATER (STIRLING 4) LIMITED

This company · SC373831

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
Bluewater Holdings Llp Corporate entity	75–100%	—	75-100% shares	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 →

Similar companies

Active · Property · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLUEWATER (GLENROTHES 2) LIMITED→ SC373839 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
BO'NESS SELF STORAGE CO LTD→ SC861778 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BONSYDE PROPERTIES LTD→ SC464619 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
BREW SHARE LIMITED→ SC649660 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
BROWN FAMILY INVESTMENTS LTD→ SC651188 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
BROXBURN RENTALS LTD→ SC859778 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BRUCE FAITH LIMITED→ SC372037 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
BWJ PROPERTY LIMITED→ SC462466 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
CAIRN HOTELS (BRIDGE OF ALLAN) LIMITED (THE)→ SC064846 · est 1978 · no financials extracted	—	—	—	—	47y	—	—
CALADAIL LTD→ SC715311 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
CALEDONIAN FALKIRK LIMITED→ SC801606 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
CALEDONIAN PROPERTY (SCOTLAND) LTD→ SC747343 · est 2022 · no financials extracted	—	—	—	—	3y	—	—

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.

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🔒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

Incorporated2010-03-01

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Dickson Middleton

20 Barnton Street

Stirling

FK8 1NE

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-15

Last: 2026-03-01