CLEARWATER BIDCO LIMITED
🌳Matureactive
SC517451 · ltd · incorporated 2015-10-08
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed dormant / non-trading — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
11 live charges · 5 lenders · oldest 10.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 10.5 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
20 officers (3 active, 20 linked, 19 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
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
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (82 events)Click to expand
- 2026-01-09📄accounts-with-accounts-type-groupaccounts · AA
- 2025-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-18🔓Charge satisfied #11
- 2025-09-18🔓Charge satisfied #9
- 2025-09-18🔓Charge satisfied #8
- 2025-08-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-26🔓Charge satisfied #10
- 2025-07-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-24🔒Charge registered #11Lender: Bank of Montreal as Agent
- 2025-06-18📄accounts-with-accounts-type-groupaccounts · AA
- 2025-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09➖BROWN, Andrew Donald, Dr resigneddirector
- 2025-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-21➖STRACHAN, Vincent James resigneddirector
- 2024-10-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-10-09➖PINSENT MASONS SECRETARIAL LIMITED resignedcorporate-secretary
- 2024-07-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-12➕HENNEBERRY, Nicole Rachel appointeddirector
- 2024-07-12➖BERGMAN, Darryl Andrew resigneddirector
- 2024-01-26📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-27📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-12-27📄legacycapital · SH20
- 2023-12-27⚠️legacyinsolvency · CAP-SS
- 2023-12-27📄resolutionresolution · RESOLUTIONS
- 2023-12-27📄capital-allotment-sharescapital · SH01
- 2022-06-01➕BERGMAN, Darryl Andrew appointeddirector
- 2022-05-31➖FORTNEY, Teresa Helen Joyce resigneddirector
- 2022-01-25➕KELLY, Telaina appointeddirector
- 2022-01-25➕FORTNEY, Teresa Helen Joyce appointeddirector
- 2022-01-25➖KALUTYCZ, William Dion resigneddirector
- 2022-01-25➖MCINTYRE, Michael George resigneddirector
- 2022-01-25➖SIGUT, Craig Steven resigneddirector
- 2022-01-25➕STRACHAN, Vincent James appointeddirector
- 2021-10-02🔓Charge satisfied #7
- 2021-10-02🔓Charge satisfied #6
- 2021-10-02🔓Charge satisfied #5
- 2021-08-13🔒Charge registered #10Lender: Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
- 2021-08-13🔒Charge registered #9Lender: Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
- 2021-08-13🔒Charge registered #8Lender: Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
- 2021-02-16🔓Charge satisfied #4
- 2021-02-16🔓Charge satisfied #3
- 2021-02-11🔓Charge satisfied #2
- 2021-02-11🔓Charge satisfied #1
Showing most recent 50 of 82 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-12-27: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BY PB LIMITED→ SC792979 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CASTLECROWN LIMITED→ SC221208 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CHALMERS-WATSON ARDTARAIG LTD.→ SC626352 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| CHARTERHOUSE GENERAL PARTNERS (SCOTLAND) LIMITED→ SC222907 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CLAIRMONTS TRUSTEES LIMITED→ SC156969 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| CLYDESMILL PROPERTY HOLDINGS LIMITED→ SC552185 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| COCO AAAL INVESTMENTS LIMITED→ SC860282 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COETZER HOLDING LTD→ SC860246 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COMPUTERSHARE COMPANY NOMINEES LIMITED→ SC167175 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| CORE PARTNERS (GP) LIMITED→ SC315888 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| CORRAN (ST ANDREWS) LTD→ SC689400 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| COUNTYVIEW LIMITED→ SC170141 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
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
Incorporated2015-10-08
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
C/O Dwf Llp
2 Semple Street
Edinburgh
EH3 8BL
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-21
Last: 2025-10-07
Officers (3 active · 17 resigned)
HENNEBERRY, Nicole Rachel→
Activedirector · ~45y · appointed 2024-07-12
View their other companies + combined net worth →
KELLY, Telaina→
Activedirector · ~52y · appointed 2022-01-25
View their other companies + combined net worth →
MITCHELITIS, Shaun Francis→
Activedirector · ~40y · appointed 2019-07-02
View their other companies + combined net worth →
PINSENT MASONS SECRETARIAL LIMITED→
Resignedcorporate-secretary · appointed 2015-10-08 · resigned 2024-10-09
ASHMORE, John→
Resigneddirector · ~62y · appointed 2015-10-23 · resigned 2017-05-26
BERGMAN, Darryl Andrew→
Resigneddirector · ~62y · appointed 2022-06-01 · resigned 2024-07-12
BROWN, Andrew Donald, Dr→
Resigneddirector · ~60y · appointed 2020-04-21 · resigned 2025-04-09
FORTNEY, Teresa Helen Joyce→
Resigneddirector · ~63y · appointed 2022-01-25 · resigned 2022-05-31
FORTNEY, Teresa Helen Joyce→
Resigneddirector · ~63y · appointed 2016-06-29 · resigned 2021-01-25
HOLLIS, Michael Theodore→
Resigneddirector · ~60y · appointed 2015-10-23 · resigned 2019-07-02
KALUTYCZ, William Dion→
Resigneddirector · ~62y · appointed 2021-01-25 · resigned 2022-01-25
KAVANAGH, David John→
Resigneddirector · ~73y · appointed 2015-10-08 · resigned 2015-10-23
KELLY, Telaina→
Resigneddirector · ~52y · appointed 2018-05-03 · resigned 2021-01-25
MALCOLM, Lee→
Resigneddirector · ~52y · appointed 2019-07-02 · resigned 2020-01-31
MCINTYRE, Michael George→
Resigneddirector · ~59y · appointed 2021-01-25 · resigned 2022-01-25
NAUSS, William Alexander→
Resigneddirector · ~40y · appointed 2017-05-26 · resigned 2019-07-02
SIGUT, Craig Steven→
Resigneddirector · ~47y · appointed 2017-05-26 · resigned 2022-01-25
SMITH, Ian David→
Resigneddirector · ~63y · appointed 2015-10-08 · resigned 2015-10-23
STRACHAN, Vincent James→
Resigneddirector · ~58y · appointed 2022-01-25 · resigned 2024-11-21
WIGHT, Robert Derek→
Resigneddirector · ~71y · appointed 2015-10-08 · resigned 2016-06-29
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
0
Outstanding
0
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bank of Montreal as Agent | A registered charge | 1 property | 24/07/2025 | 18/09/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 26/08/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 18/09/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 18/09/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Wells Fargo Bank, N.A., Canadian Branch and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 31/08/2016 | 16/02/2021 | |
| satisfied | Wells Fargo Bank, N.A., Canadian Branch and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 31/08/2016 | 16/02/2021 | |
| satisfied | Ge Canada Finance Holding Company and Its Successors in Title, Permitted Assigns and Permitted Transferees | A registered charge | — | 29/12/2015 | 11/02/2021 | |
| satisfied | Ge Canada Finance Holding Company as Agent | A registered charge | 1 property | 26/10/2015 | 11/02/2021 |
Recent filings (89 total)
accounts-with-accounts-type-group
accounts · AA
2026-01-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-30
accounts-with-accounts-type-group
accounts · AA
2025-06-18
termination-director-company-with-name-termination-date
officers · TM01
2025-04-10
change-person-director-company-with-change-date
officers · CH01
2025-02-27
change-person-director-company-with-change-date
officers · CH01
2025-02-27
change-person-director-company-with-change-date
officers · CH01
2025-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-18
termination-director-company-with-name-termination-date
officers · TM01
2024-12-18
termination-secretary-company-with-name-termination-date
officers · TM02
2024-10-10