WATTGEN LTD

💤Zombieactive
SC563943 · ltd · incorporated 2017-04-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
£1.4k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,391
Net assets shrinking
Down £1,570 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1k
↓ 53% YoY
Current Assets
£8k
↓ 30% YoY
Current Liabilities
—
£0£2k£5k£7k£10k£12kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£1.4k£3.0k
Current assets£8.4k£12.0k
Net assets£1.4k£3.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2023-04-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2023-04-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-04-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2023-03-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-08-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-08-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-08-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-08-26
    ➖
    WATT, Brendan resigned
    director
  15. 2020-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-03-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-09-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2018-09-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2017-05-07
    ➕
    GENESE, Benedict John Keirans Morley appointed
    director
  20. 2017-05-07
    ➕
    WATT, Brendan appointed
    director
  21. 2017-04-21
    🏢
    Company incorporated
    As WATTGEN LTD
  22. 2017-04-21
    ➕
    VALAITIS, Peter Anthony appointed
    director
  23. 2017-04-21
    ➖
    VALAITIS, Peter Anthony resigned
    director

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Benedict John Kieran Morley Genese
Individual · British · DOB 05/1968 · age 58
——sig. influencesignificant influence22/04/2017
2 historic (ceased) PSCs
  • Mr Brendan Wattceased 26/08/2020· significant influence
  • Mr Peter Valaitisceased 21/04/2017· 75-100% shares · board control

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

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
Incorporated2017-04-21
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

1 Sunnyside
Dunblane
FK15 9HA
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27

Officers (1 active · 2 resigned)

GENESE, Benedict John Keirans Morley→
director · ~58y · appointed 2017-05-07
View their other companies + combined net worth →
Active
VALAITIS, Peter Anthony→
director · ~76y · appointed 2017-04-21 · resigned 2017-04-21
Resigned
WATT, Brendan→
director · ~38y · appointed 2017-05-07 · resigned 2020-08-26
Resigned

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

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
change-person-director-company-with-change-date
officers · CH01
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
change-account-reference-date-company-previous-extended
accounts · AA01
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-18
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-04-13
gazette-notice-compulsory
gazette · GAZ1
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30