SCOTTISH WATERWAYS TRUST

⚰️Wound downdissolved

SC434185 · private-limited-guarant-nsc-limited-exemption · incorporated 2012-10-05

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 9.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

50/100

Worth a look

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What this business does

Primary activity: Sports and recreation education

Sector: Education

ALSO REGISTERED FOR

85520Cultural education
86900Other human health activities
93290Other amusement and recreation activities n.e.c.

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 60/100. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 9.9y

65/100

clean up first

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

· Oldest live charge is 9.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

19 officers (3 active, 19 linked, 18 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

5 connected companies via shared directors

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

50/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (62 events)Click to expand

2022-08-17
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2022-08-17
🏁
Company dissolved
2022-05-17
⚠️
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2021-04-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-04-08
🔓
Charge satisfied #1
2019-12-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-12-05
📄
resolution
resolution · RESOLUTIONS
2019-03-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-03-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-20
➖
CROCKART, Mike resigned
director
2019-02-20
➖
MCMILLAN, Shona Morag resigned
director
2019-02-20
➖
ROBERTSON, Derek Alexander resigned
director
2019-02-20
➖
SHERIDAN, Laura-Jane resigned
director
2019-02-04
➕
CROCKART, Mike appointed
director
2019-02-04
➕
MCMILLAN, Shona Morag appointed
director
2019-02-04
➕
ROBERTSON, Derek Alexander appointed
director
2019-02-04
➕
SHERIDAN, Laura-Jane appointed
director
2019-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-02-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-11-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-11-26
➖
SIMPSON, Faith resigned
director
2018-10-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-10-04
➖
MURRAY, Diana Mary resigned
director
2018-09-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-09-05
📄
accounts-with-accounts-type-full
accounts · AA
2018-08-30
➖
MONAGHAN, Bernadette resigned
director
2018-07-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-06-12
➖
DEWHURST, David Herald resigned
director
2017-09-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-07-03
📄
accounts-with-accounts-type-full
accounts · AA
2017-06-22
➖
CHRISTIE, Nicola Jane resigned
director
2017-01-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-01-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-01-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-11-29
➕
FORD, Claire appointed
director
2016-11-29
➕
GORMAN, Dave appointed
director
2016-11-29
➖
CHRISTIE, Nicola Jane resigned
secretary
2016-11-29
➕
MONAGHAN, Bernadette appointed
director
2016-11-29
➕
SIMPSON, Faith appointed
director
2016-11-29
➖
TOGNERI, Martin Peter resigned
director
2016-09-07
➖
EAGLESHAM, David James resigned
director
2016-07-20
🔒
Charge registered #1
Lender: Historic Environment Scotland
2015-12-02
➖
HENDRY, Tam resigned
director
2013-12-04
➖
HUME, John Robert, Professor resigned
director
2013-12-04
➖
MILLS, Harold Hernshaw resigned
director
2013-12-03
➕
MARTIN, Ross Bruce appointed
director

Showing most recent 50 of 62 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 high ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2022-08-17

2 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-08-17: gazette-dissolved-liquidation; 2022-05-17: liquidation-voluntary-members-return-of-final-meeting-scotland

🔒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 · Education & training · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ARGYLE BRIDGE LIMITED→ SC277898 · est 2005	—	—	£73.6k	—	21y	83	67y
C.T.T.S. (MANAGEMENT) LIMITED→ SC273935 · est 2004	—	—	—	900	21y	83	64y
COLINTON NURSERIES LIMITED→ SC245941 · est 2003	—	—	—	2100	23y	83	75y
EARLY DAYS NURSERY LIMITED→ SC199638 · est 1999	—	—	£123.3k	—	26y	83	79y
LITTLE MONKEYS LIMITED→ SC219838 · est 2001	—	—	—	113	24y	83	61y
THE LEITH SCHOOL OF ART→ SC111089 · est 1988 · no financials extracted	—	—	—	—	38y	83	76y
TRAINING FOR CARE→ SC100529 · est 1986	—	—	—	9	39y	83	77y
CABER ENTERPRISES LIMITED→ SC207157 · est 2000	—	—	—	2	26y	82	59y
DALRY 183 LTD→ SC224473 · est 2001	—	—	£13.1k	—	24y	82	68y
FIRST ADVENTURES LIMITED→ SC260386 · est 2003	—	—	£1.20M	—	22y	82	74y
HEADSTART NURSERY SCHOOLS LIMITED→ SC319219 · est 2007	—	—	—	—	19y	82	61y
LEAPS & BOUNDS NURSERY LIMITED→ SC294605 · est 2005	—	—	—	4300	20y	82	60y

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

Statusdissolved

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2012-10-05

Jurisdictionscotland

Primary SIC85510 — Sports and recreation education

Registered office

First Floor Quay 2

Fountainbridge

Edinburgh

EH3 9QG

Filing status

Accounts

Next due: —

Last made up to: 2018-03-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 16 resigned)

FORD, Claire→

director · ~43y · appointed 2016-11-29

View their other companies + combined net worth →

Active

GORMAN, Dave→

director · ~57y · appointed 2016-11-29

View their other companies + combined net worth →

Active

MARTIN, Ross Bruce→

director · ~63y · appointed 2013-12-03

View their other companies + combined net worth →

Active

CHRISTIE, Nicola Jane→

secretary · appointed 2012-10-05 · resigned 2016-11-29

Resigned

BIGGAR, John Morrison Hay→

director · ~75y · appointed 2012-10-05 · resigned 2013-01-18

Resigned

CHRISTIE, Nicola Jane→

director · ~63y · appointed 2012-10-05 · resigned 2017-06-22

Resigned

CROCKART, Mike→

director · ~60y · appointed 2019-02-04 · resigned 2019-02-20

Resigned

DEWHURST, David Herald→

director · ~62y · appointed 2013-12-03 · resigned 2018-06-12

Resigned

EAGLESHAM, David James→

director · ~80y · appointed 2012-10-05 · resigned 2016-09-07

Resigned

HENDRY, Tam→

director · ~69y · appointed 2013-12-03 · resigned 2015-12-02

Resigned

HUME, John Robert, Professor→

director · ~87y · appointed 2012-10-05 · resigned 2013-12-04

Resigned

MCMILLAN, Shona Morag→

director · ~63y · appointed 2019-02-04 · resigned 2019-02-20

Resigned

MILLS, Harold Hernshaw→

director · ~88y · appointed 2012-10-05 · resigned 2013-12-04

Resigned

MONAGHAN, Bernadette→

director · ~64y · appointed 2016-11-29 · resigned 2018-08-30

Resigned

MURRAY, Diana Mary→

director · ~74y · appointed 2012-10-05 · resigned 2018-10-04

Resigned

ROBERTSON, Derek Alexander→

director · ~62y · appointed 2019-02-04 · resigned 2019-02-20

Resigned

SHERIDAN, Laura-Jane→

director · ~43y · appointed 2019-02-04 · resigned 2019-02-20

Resigned

SIMPSON, Faith→

director · ~55y · appointed 2016-11-29 · resigned 2018-11-26

Resigned

TOGNERI, Martin Peter→

director · ~70y · appointed 2013-12-03 · resigned 2016-11-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Historic Environment Scotland	A registered charge	1 property	20/07/2016	08/04/2021

Recent filings (54 total)

gazette-dissolved-liquidation

gazette · GAZ2

2022-08-17

liquidation-voluntary-members-return-of-final-meeting-scotland

insolvency · LIQ13(Scot)

2022-05-17

mortgage-satisfy-charge-full

mortgage · MR04

2021-04-08

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2019-12-10

resolution

resolution · RESOLUTIONS

2019-12-05

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

officers · TM01

2019-03-12

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

officers · TM01

2019-03-12

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

officers · TM01

2019-02-21

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

officers · TM01

2019-02-21

appoint-person-director-company-with-name-date

officers · AP01

2019-02-04

appoint-person-director-company-with-name-date

officers · AP01

2019-02-04

appoint-person-director-company-with-name-date

officers · AP01

2019-02-04

appoint-person-director-company-with-name-date

officers · AP01

2019-02-04

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

officers · TM01

2018-11-28

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

officers · TM01

2018-10-08