WATSON PHYSIOTHERAPY LIMITED

🏛️Establishedactive
SC582871 · ltd · incorporated 2017-12-01
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£754
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

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
Confirmed no charges registered
85
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
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
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 £754
Cash draining
Cash down 47% YoY
Cash YoY
-47%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 47% YoY
Net Worth
£754
↑ 204% YoY
Current Assets
£11k
↑ 1.2% YoY
Current Liabilities
—
£0£2k£4k£7k£9k£11kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.1k£822
Current assets£10.9k£10.8k
Cash£2.5k£4.6k
Debtors£8.5k£6.2k
Net assets£754£248

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
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-10-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-10-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-10-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2020-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-06-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-12-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-12-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2017-12-01
    🏢
    Company incorporated
    As WATSON PHYSIOTHERAPY LIMITED
  19. 2017-12-01
    ➕
    WATSON, Graeme Robert appointed
    director
  20. 2017-12-01
    ➕
    WATSON, Nicola Claire appointed
    director

Owner dependency

86/100
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 "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 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
NameSharesVoting rightsNature of controlNotified
Mrs Nicola Claire Watson
Individual · British · DOB 01/1981 · age 45
25–50%
—25-50% shares13/12/2018
Mr Graeme Robert Watson
Individual · British · DOB 03/1979 · age 47
25–50%
—25-50% shares01/12/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Healthcare & medical · PA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ARGYLL AND BUTE CARE AND REPAIR→
SC221948 · est 2001
———1324y8381y
CRISIS→
SC166079 · est 1996 · no financials extracted
————29y8383y
MID ARGYLL YOUTH DEVELOPMENT SERVICES→
SC396832 · est 2011 · no financials extracted
————15y8374y
THE HAVEN KILMACOLM→
SC252971 · est 2003
——£639.0k—22y8379y
THE RUBY TRUST→
SC231679 · est 2002
——£28.2k—24y8372y
ABBEY LABORATORY LIMITED→
SC227760 · est 2002
——£5.0k—24y8261y
ABDUL HALEEM LIMITED→
SC343438 · est 2008
——£1.68M—17y8259y
ARGYLL HOMECARE LIMITED→
SC275774 · est 2004
———230021y8259y
COMPLETE DENTISTRY LIMITED→
SC343834 · est 2008
——£244.7k—17y8259y
RAM 211 LIMITED→
SC384523 · est 2010
———2115y8268y
CATCH SCOTLAND LTD→
SC386586 · est 2010
——£345.6k—15y8182y
CROSSROADS (NORTH ARGYLL) CARE ATTENDANT SCHEME→
SC231988 · est 2002 · no financials extracted
————24y8183y
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
Incorporated2017-12-01
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

C/O Gmh Chartered Accountants Pavilion 3, Suite 2,
St James Business Park, Linwood Road
Paisley
PA3 3BB
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-08
Last: 2025-11-24

Officers (2 active · 0 resigned)

WATSON, Graeme Robert→
director · ~47y · appointed 2017-12-01
View their other companies + combined net worth →
Active
WATSON, Nicola Claire→
director · ~45y · appointed 2017-12-01
View their other companies + combined net worth →
Active

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

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-26
change-person-director-company-with-change-date
officers · CH01
2024-10-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-24
change-person-director-company-with-change-date
officers · CH01
2024-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06