REOWATSON LIMITED
🌳Matureactive
SC511652 · ltd · incorporated 2015-07-27
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
£87.4k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Retail sale of hardware, paints and glass in specialised stores
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 80/100. 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 0.3y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 0.3 years old — likely still in initial term.
- · 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 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 102Positive net assets
Net assets £87,437
Net assets shrinking
Down £30,046 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
£163k
Net Worth
£87k
↓ 26% YoY
Current Assets
£307k
↓ 9.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £108.1k | £167.2k |
| Current assets | £307.1k | £338.0k |
| Cash | £162.9k | — |
| Debtors | £6.6k | — |
| Net assets | £87.4k | £117.5k |
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
1
filing
- • 1 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-21🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2025-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-08-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-04-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-07-27🏢Company incorporatedAs REOWATSON LIMITED
- 2015-07-27➕WATSON, Gary appointeddirector
- 2015-07-27➕WATSON, Wendy appointeddirector
- 2015-07-27📄incorporation-companyincorporation · NEWINC
Owner dependency
86/100
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 "WATSON" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
41/100
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.
- 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gary Watson Individual · Scottish · DOB 02/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/08/2018 |
Mrs Wendy Watson Individual · Scottish · DOB 10/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| SKYE'S FINISHING TOUCHES LTD→ SC374899 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| SKYMOUNT LIMITED→ SC226228 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| SOUTH QUEENSFERRY HEALTHCARE LIMITED→ SC786565 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SPEYSIDE ECO-HEAT LIMITED→ SC418480 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| STRUIE HILL PRESERVES LTD→ SC806658 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| STUFF'D UP LTD→ SC859379 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SUMMIT STRIDE LTD→ SC872021 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SUPRAV FUELS & SHOP LIMITED→ SC814088 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SUPRAV RETAIL LTD→ SC866958 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SWANSONS FRUIT COMPANY LIMITED→ SC249181 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| SWEETS + TREATS LTD→ SC711155 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| TARGET DISCOUNT LIMITED→ SC141884 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
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
Incorporated2015-07-27
Jurisdictionscotland
Primary SIC47520 — Retail sale of hardware, paints and glass in specialised stores
Registered office
Heaton House
4 Gordon Street
Nairn
IV12 4DQ
Scotland
Filing status
Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22
Officers (2 active · 0 resigned)
WATSON, Gary→
Activedirector · ~52y · appointed 2015-07-27
View their other companies + combined net worth →
WATSON, Wendy→
Activedirector · ~54y · appointed 2015-07-27
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 21/01/2026 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-09
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-30