NEIL WAUGH LIMITED

🌳Matureactive
SC515749 · ltd · incorporated 2015-09-16
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 Sept 2025
Net worth
£306.7k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Strong 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: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 1.9y

50/100
clean up first

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

  • · Newest facility, 1.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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 (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
26 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 £306,747
Net assets shrinking
Down £14,653 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£307k
↓ 4.6% YoY
Current Assets
£28k
↓ 64% YoY
Current Liabilities
—
£0£64k£129k£193k£257k£321kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-30
Total assets£306.7k£321.4k
Current assets£28.4k£78.5k
Net assets£306.7k£321.4k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-07-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-07-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  5. 2024-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2021-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-15
    ➕
    WAUGH, Michelle Yvonne appointed
    director
  13. 2018-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-05-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-09-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2015-09-16
    🏢
    Company incorporated
    As NEIL WAUGH LIMITED
  18. 2015-09-16
    ➕
    WAUGH, Michelle Yvonne appointed
    secretary
  19. 2015-09-16
    ➕
    WAUGH, Neil appointed
    director

Owner dependency

81/100
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
  • +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 "WAUGH" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

41/100
Moderate signal

Some 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

clean
No 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Neil Waugh
Individual · British · DOB 03/1979 · age 47
75–100%
—75-100% shares15/09/2016
Mrs Michelle Yvonne Waugh
Individual · British · DOB 11/1980 · age 46
25–50%
—25-50% shares01/12/2021

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 →

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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
Incorporated2015-09-16
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

4 Westcroft Close
Memsie
Fraserburgh
Aberdeenshire
AB43 7BF
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09

Officers (3 active · 0 resigned)

WAUGH, Michelle Yvonne→
secretary · appointed 2015-09-16
View their other companies + combined net worth →
Active
WAUGH, Michelle Yvonne→
director · ~46y · appointed 2018-09-15
View their other companies + combined net worth →
Active
WAUGH, Neil→
director · ~47y · appointed 2015-09-16
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property03/07/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-17