BWA (HOLDINGS) LIMITED

🌳Matureactive

SC404782 · ltd · incorporated 2011-08-04

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 · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

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

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Activities of other holding companies n.e.c.

Sector: Financial & insurance

Investor take

Pursue

Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

8 live charges · 7 lenders · oldest 14.7y

45/100

clean up first

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

· Oldest live charge is 14.7 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (82/100)

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

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

15 officers (1 active, 15 linked, 15 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

8 connected companies via shared directors

Filing history

103 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £20,100

Turned profitable

Returned to profit this year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Profit before tax	£20.1k	£-350.8k
Average employees	1	100

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

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-07
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-28
📄
accounts-with-accounts-type-full
accounts · AA
2023-09-01
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-04-24
📄
memorandum-articles
incorporation · MA
2023-04-24
📄
resolution
resolution · RESOLUTIONS
2023-04-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-24
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-18
➖
BENNETT, Peter Kenway resigned
director
2023-04-18
➖
MAAS, Brent Richard resigned
director
2023-04-18
🔒
Charge registered #8
Lender: Cynergy Business Finance Limited
2023-02-13
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-09-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-07
➕
MAAS, Brent Richard appointed
director
2022-09-01
➖
SIMONS, Richard Francis resigned
director
2022-03-22
📄
accounts-with-accounts-type-small
accounts · AA
2022-02-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-28
🔓
Charge satisfied #6
2022-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-24
🔓
Charge satisfied #7
2022-02-24
🔓
Charge satisfied #2
2021-08-04
➖
MUTTER, Gary James resigned
director
2020-06-03
➖
DEVLIN, Joseph resigned
director
2020-06-03
➖
RATNESER, Rajiv Virendra resigned
director
2018-11-19
🔓
Charge satisfied #4
2018-11-19
🔓
Charge satisfied #5
2018-10-26
🔒
Charge registered #7
Lender: National Australia Bank Limited as Security Agent
2018-10-26
🔒
Charge registered #6
Lender: National Australia Bank Limited as Security Agent
2016-12-15
➖
DOCKRAY, Thomas John resigned
director
2016-12-15
➕
RATNESER, Rajiv Virendra appointed
director
2016-09-30
➖
BEATTIE, William resigned
director
2016-03-02
🔒
Charge registered #4
Lender: National Australia Bank Limited Abn
2016-02-29
🔒
Charge registered #5
Lender: National Australia Bank Limited
2016-02-01
➕
BENNETT, Peter Kenway appointed
director
2016-01-29
➖
GALLAGHER, Kevin Thomas resigned
director
2015-12-01
➖
BERGOMI, Massimo Camillo Giovanni resigned
director
2015-06-05
➕
BERGOMI, Massimo Camillo Giovanni appointed
director
2015-06-05
➕
DEVLIN, Joseph appointed
director
2015-06-05
➖
MAAS, Brent Richard resigned
director
2015-06-05
➕
SIMONS, Richard Francis appointed
director
2015-03-23
➕
MAAS, Brent Richard appointed
director
2015-03-23
➖
SIFORD, Neil Edward resigned
director
2014-12-08
➖
BOWTELL, Gary Norman resigned
director

Showing most recent 50 of 65 events

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

68/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 15 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 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.

Group structure

Bwa Nexus Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Bwa Nexus Ltd

Corporate parent

⬇

BWA (HOLDINGS) LIMITED

This company · SC404782

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
Bwa Nexus Ltd Corporate entity	—	75–100%	75-100% voting	18/04/2023

2 historic (ceased) PSCs

Mr Brent Richard Maasceased 18/04/2023· significant influence
Mr Richard Francis Simonsceased 01/09/2022· 75-100% voting · significant influence

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 · Holding company · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MICROTECH GROUP LIMITED→ SC372953 · est 2010	£9.91M £8.43M–£11.40M	—	£9.91M	—	16y	83	63y
CHARLES BUYERS HOLDINGS LIMITED→ SC655650 · est 2020	£2.80M £2.38M–£3.22M	—	£2.80M	—	6y	79	72y
ASPECT SURVEYS LIMITED→ SC357302 · est 2009	£2.37M £2.02M–£2.73M	—	£2.37M	—	17y	81	65y
BRIDGEND HOLDINGS LIMITED→ SC175640 · est 1997	£1.25M £1.06M–£1.44M	—	£1.25M	—	29y	81	81y
DALS PROPERTIES LIMITED→ SC267787 · est 2004	£810.2k £688.6k–£931.7k	—	£810.2k	—	22y	80	64y
CBGB HOLDINGS LIMITED→ SC334703 · est 2007	£741.6k £630.4k–£852.9k	—	£741.6k	—	18y	80	64y
KL HOLDINGS LIMITED→ SC147187 · est 1993	£209.5k £178.1k–£240.9k	—	£209.5k	—	32y	82	70y
CASTLEHILL RESIDENTIAL LETTINGS LIMITED→ SC355876 · est 2009	£142.6k £121.2k–£164.0k	—	£142.6k	—	17y	82	58y
HEATHERGEMS LIMITED→ SC047180 · est 1970	£130.3k £110.8k–£149.9k	—	£130.3k	—	56y	83	72y
CALEBRIDGE LIMITED→ SC201077 · est 1999	£81.1k £68.9k–£93.2k	—	£81.1k	—	26y	82	67y
JKDP LTD.→ SC368818 · est 2009	£68.6k £58.3k–£78.8k	—	£68.6k	—	16y	80	66y
COLLENNAN LTD.→ SC249864 · est 2003	£50.7k £43.1k–£58.3k	—	£50.7k	—	23y	80	79y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2011-08-04

Jurisdictionscotland

Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

3 Riverside Way

Irvine

Ayrshire

KA11 5DJ

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-08-18

Last: 2025-08-04

Officers (1 active · 14 resigned)

WELSH, Martin James→

director · ~62y · appointed 2011-08-04

View their other companies + combined net worth →

Active

BEATTIE, William→

director · ~74y · appointed 2014-09-04 · resigned 2016-09-30

Resigned

BENNETT, Peter Kenway→

director · ~60y · appointed 2016-02-01 · resigned 2023-04-18

Resigned

BERGOMI, Massimo Camillo Giovanni→

director · ~55y · appointed 2015-06-05 · resigned 2015-12-01

Resigned

BOWTELL, Gary Norman→

director · ~68y · appointed 2014-09-04 · resigned 2014-12-08

Resigned

DEVLIN, Joseph→

director · ~75y · appointed 2015-06-05 · resigned 2020-06-03

Resigned

DOCKRAY, Thomas John→

director · ~47y · appointed 2014-12-08 · resigned 2016-12-15

Resigned

GALLAGHER, Kevin Thomas→

director · ~61y · appointed 2014-09-04 · resigned 2016-01-29

Resigned

MAAS, Brent Richard→

director · ~50y · appointed 2022-09-07 · resigned 2023-04-18

Resigned

MAAS, Brent Richard→

director · ~50y · appointed 2015-03-23 · resigned 2015-06-05

Resigned

MUTTER, Gary James→

director · ~60y · appointed 2014-09-04 · resigned 2021-08-04

Resigned

RATNESER, Rajiv Virendra→

director · ~57y · appointed 2016-12-15 · resigned 2020-06-03

Resigned

SIFORD, Neil Edward→

director · ~62y · appointed 2014-09-04 · resigned 2015-03-23

Resigned

SIMONS, Richard Francis→

director · ~58y · appointed 2015-06-05 · resigned 2022-09-01

Resigned

WELSH, John Bain→

director · ~84y · appointed 2011-10-07 · resigned 2014-09-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Cynergy Business Finance Cynergy Business Finance Limited	A registered charge	—	18/04/2023	—
satisfied	National Australia Bank as Security Agent National Australia Bank Limited as Security Agent	A registered charge	3 properties	26/10/2018	24/02/2022
satisfied	National Australia Bank as Security Agent National Australia Bank Limited as Security Agent	A registered charge	—	26/10/2018	28/02/2022
satisfied	National Australia Bank Abn National Australia Bank Limited Abn	A registered charge	—	02/03/2016	19/11/2018
satisfied	National Australia Bank National Australia Bank Limited	A registered charge	—	29/02/2016	19/11/2018
satisfied	Maven Capital Partners UK Maven Capital Partners UK LLP	Bond & floating charge	1 property	24/05/2012	11/09/2014
satisfied	Lloyds Banking Group Lloyds Tsb Commercial Finance Limited	Bond & floating charge	1 property	07/10/2011	24/02/2022
satisfied	John Bain Welsh & Another	Bond & floating charge	1 property	07/10/2011	17/09/2014

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

accounts-with-accounts-type-full

accounts · AA

2026-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-10

accounts-with-accounts-type-full

accounts · AA

2025-03-07

confirmation-statement-with-updates

confirmation-statement · CS01

2024-10-10

accounts-with-accounts-type-full

accounts · AA

2024-06-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-17

accounts-with-accounts-type-full

accounts · AA

2023-09-01

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2023-05-23

memorandum-articles

incorporation · MA

2023-04-24

resolution

resolution · RESOLUTIONS

2023-04-24

termination-director-company-with-name-termination-date

officers · TM01

2023-04-24

termination-director-company-with-name-termination-date

officers · TM01

2023-04-24

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2023-04-24

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-04-24

accounts-with-accounts-type-full

accounts · AA

2023-02-13