WATSON HALE LTD

🏛️Establishedactive
SC621929 · ltd · incorporated 2019-02-20
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.
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£16.3k
book net assets
Opportunity
69/100
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
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 6.6y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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
7 charges (7/7 with lender, 7/7 with type)
90
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
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £16,331
Cash draining
Cash down 76% YoY
Cash YoY
-76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£496
↓ 76% YoY
Net Worth
£16k
↑ 39% YoY
Current Assets
£3k
↑ 22% YoY
Current Liabilities
—
£0£3k£7k£10k£13k£16kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£299.3k£288.7k
Current assets£2.5k£2.1k
Cash£496£2.1k
Debtors£2.0k—
Net assets£16.3k£11.8k

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
  • • 2 mortgage
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-02-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-02-12
    🔒
    Charge registered #7
    Lender: Paragon Bank PLC
  3. 2025-12-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-12-08
    🔒
    Charge registered #6
    Lender: Aldermore Bank PLC
  5. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-08-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-08-16
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  9. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-06-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-06-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-06-24
    🔒
    Charge registered #4
    Lender: Paragon Bank PLC
  15. 2021-06-24
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  16. 2020-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-08-06
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  18. 2020-02-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2020-01-30
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  20. 2019-10-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2019-10-24
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  22. 2019-02-20
    🏢
    Company incorporated
    As WATSON HALE LTD
  23. 2019-02-20
    ➕
    WATSON, James Ure appointed
    director
  24. 2019-02-20
    ➕
    WATSON, Julie Barbara appointed
    director
  25. 2019-02-20
    📄
    incorporation-company
    incorporation · NEWINC

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 7 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

1 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Ure Watson
Individual · British · DOB 04/1970 · age 56
25–50%
25–50%board control25-50% shares · 25-50% voting · board control20/02/2019
Julie Barbara Watson
Individual · British · DOB 01/1971 · age 55
25–50%
25–50%board control25-50% shares · 25-50% voting · board control20/02/2019

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

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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.

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
Incorporated2019-02-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

2 Buchley Farm Cottages
Bishopbriggs
Glasgow
G64 3QN
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-19
Last: 2025-09-05

Officers (2 active · 0 resigned)

WATSON, James Ure→
director · ~56y · appointed 2019-02-20
View their other companies + combined net worth →
Active
WATSON, Julie Barbara→
director · ~55y · appointed 2019-02-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property12/02/2026—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge6 properties08/12/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property16/08/2024—
outstanding
Paragon
Paragon Bank PLC / Paragon Mortgages (2010) Limited
A registered charge1 property24/06/2021—
outstanding
Paragon
Paragon Bank PLC / Paragon Mortgages (2010) Limited
A registered charge—24/06/2021—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property30/01/2020—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property24/10/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-28