BLUEWATER (GRANGEMOUTH 1) LIMITED

🏛️Establishedactive

SC616769 · ltd · incorporated 2018-12-21

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 5.3y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Strong opportunity: property-backed borrower 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. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 5.3y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 5.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

5 officers (5 active, 5 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

8 connected companies via shared directors

Filing history

28 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-12-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-29
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-19
🔓
Charge satisfied #1
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-12
🔓
Charge satisfied #2
2024-11-01
🔒
Charge registered #4
Lender: Handelsbanken PLC
2024-11-01
🔒
Charge registered #3
Lender: Handelsbanken PLC
2023-12-21
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-02
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2021-03-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-16
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2020-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-06-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-05-29
➕
QUINN, Fraser John appointed
director
2019-05-29
➕
QUINN, Gavin Matthew appointed
director
2019-05-29
➕
QUINN, Marc Lowson appointed
director
2018-12-21
🏢
Company incorporated
As BLUEWATER (GRANGEMOUTH 1) LIMITED
2018-12-21
➕
QUINN, Anne appointed
director
2018-12-21
➕
QUINN, John Pollock appointed
director

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Bluewater Holdings Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Bluewater Holdings Llp

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

BLUEWATER (GRANGEMOUTH 1) LIMITED

This company · SC616769

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Bluewater Holdings Llp Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	21/12/2018

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

8 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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2018-12-21

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

20 Barnton Street

Stirling

Stirlingshire

FK8 1NE

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-03

Last: 2025-12-20