ANDY WATT JOINERY LIMITED
🌳Matureactive
SC475888 · ltd · incorporated 2014-04-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 11.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£13.2k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 11.0y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 11.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £13,173
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£13k
↑ 91% YoY
Current Assets
£8k
↓ 32% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £15.5k | £15.3k |
| Current assets | £8.0k | £11.7k |
| Net assets | £13.2k | £6.9k |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-01-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-10-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-25🔓Charge satisfied #1
- 2023-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-05➖WATT, Jack Andrew resigneddirector
- 2023-01-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-04-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-01-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-21📄legacymiscellaneous · RP04CS01
- 2019-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-01-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-05-01➕WATT, Jack Andrew appointeddirector
- 2015-04-28🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2014-04-23🏢Company incorporatedAs ANDY WATT JOINERY LIMITED
- 2014-04-23➕WATT, Andrew Graeme appointeddirector
- 2014-04-23➕WATT, Kay appointeddirector
Owner dependency
81/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "WATT" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Graeme Watt Individual · British · DOB 04/1971 · age 55 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 24/04/2016 |
1 historic (ceased) PSC
- Mrs Kay Wattceased 05/04/2024· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A & R DRYWALLS LTD→ SC482487 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| A MORRIS ROOFING LIMITED→ SC572573 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| A R PLASTERING LTD→ SC344231 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| A.R.F JOINERY LIMITED→ SC478418 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ALCORE CONSTRUCTION NORTH EAST LIMITED→ SC506611 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ANDYANDERSON LTD→ SC777068 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AROSSCOATINGS LTD→ SC843636 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPECT PROPERTY PRO SERVICES LTD→ SC800198 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ATC (HEAT) LTD→ SC440240 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| AURORA BLU LIMITED→ SC827717 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AURORA ELECTRICALS (SCOTLAND) LIMITED→ SC536193 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AUSTEN'S ENERGY LTD→ SC812882 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2014-04-23
Jurisdictionscotland
Primary SIC43320 — Joinery installation
Registered office
Copsewood
Montgarrie
Alford
Aberdeenshire
AB33 8AP
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23
Officers (2 active · 1 resigned)
WATT, Andrew Graeme→
Activedirector · ~55y · appointed 2014-04-23
View their other companies + combined net worth →
Active
WATT, Jack Andrew→
Resigneddirector · ~26y · appointed 2017-05-01 · resigned 2023-04-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 28/04/2015 | 25/10/2023 |
Recent filings (35 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-29
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-25
termination-director-company-with-name-termination-date
officers · TM01
2023-04-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-18
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-25
change-person-director-company-with-change-date
officers · CH01
2022-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-17