INTELLIGENT BUSINESS WATER LTD
🌿Early-stageactive
SC712747 · ltd · incorporated 2021-10-20
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£249.8k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 36000
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -77% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 0.5y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 0.5 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
42 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £249,752
Net assets shrinking
Down £2,759 YoY
Cash draining
Cash down 77% YoY
Cash YoY
-77%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£39k
↓ 77% YoY
Net Worth
£250k
↓ 1.1% YoY
Current Assets
£798k
↑ 69% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £271.5k | £292.5k |
| Current assets | £798.4k | £473.1k |
| Cash | £39.0k | £169.8k |
| Debtors | £759.3k | £303.3k |
| Net assets | £249.8k | £252.5k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 mortgage
Last 180 days
6
filings
- • 2 mortgage
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-02-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-10🔒Charge registered #2Lender: Juice Ventures Limited
- 2026-01-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-22📄accounts-with-accounts-type-smallaccounts · AA
- 2025-11-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-30🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2025-08-13📄capital-name-of-class-of-sharescapital · SH08
- 2025-08-12📄memorandum-articlesincorporation · MA
- 2025-08-12📄resolutionresolution · RESOLUTIONS
- 2024-11-21📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-15➕GILROY, Fraser appointeddirector
- 2024-01-15➕MCDADE, Thomas Kraig appointeddirector
- 2024-01-15➖ALEMANNO, Daniela resigneddirector
- 2024-01-15➖GILROY, Fiona resigneddirector
- 2024-01-09📄capital-allotment-sharescapital · SH01
- 2023-12-15📄capital-allotment-sharescapital · SH01
- 2023-08-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-19📄accounts-with-accounts-type-smallaccounts · AA
- 2022-09-09➕GILROY, Fiona appointeddirector
- 2022-09-09➖GILROY, Fraser resigneddirector
- 2022-06-14➕ALEMANNO, Daniela appointeddirector
- 2021-10-20🏢Company incorporatedAs INTELLIGENT BUSINESS WATER LTD
- 2021-10-20➕GILROY, Fraser appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas Kraig Mcdade Individual · British · DOB 04/1986 · age 40 | — | — | sig. influencesignificant influence | 15/01/2024 |
Mr Fraser Gilroy Individual · Scottish · DOB 04/1983 · age 43 | — | — | sig. influencesignificant influence | 15/01/2024 |
4 historic (ceased) PSCs
- Mrs Fiona Gilroyceased 15/01/2024· significant influence
- Intelligent Interim Solutions Limitedceased 31/03/2023· 75-100% shares · firm interest
- Mr Fraser Gilroyceased 09/09/2022· significant influence
- Intelligent Interim Solutions Ltdceased 21/10/2021· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Energy & utilities · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRAIDENHILL FARM WIND LIMITED→ SC313706 · est 2006 | — | — | — | 200 | 19y | 83 | 59y |
| DIVERSE INVESTMENTS SCOTLAND LTD→ SC311596 · est 2006 | — | — | £3.15M | — | 19y | 83 | 62y |
| KARIS TECHNICAL SERVICES LTD.→ SC350406 · est 2008 | — | — | £65.9k | — | 17y | 82 | 62y |
| RICHARDSON OILS UNLIMITED→ SC238121 · est 2002 · no financials extracted | — | — | — | — | 23y | 81 | 61y |
| ALBEC METAL COMPANY LIMITED→ SC211104 · est 2000 | — | — | — | — | 25y | 80 | 65y |
| AQUA PROJECTS LIMITED→ SC234073 · est 2002 | — | — | £27.5k | — | 23y | 80 | 65y |
| AUCHNOTROCH WIND ENERGY LTD.→ SC430889 · est 2012 | — | — | £961.9k | — | 13y | 80 | 62y |
| AUTORECYCLING LIMITED→ SC360646 · est 2009 | — | — | £79.5k | — | 16y | 80 | 63y |
| BARR ENVIRONMENTAL LIMITED→ SC162876 · est 1996 · no financials extracted | — | — | — | — | 30y | 80 | 65y |
| DIRECT COOLING & HEATING SERVICES LTD.→ SC176081 · est 1997 | — | — | — | — | 28y | 80 | 60y |
| ENVIROSAN LIMITED→ SC179932 · est 1997 | — | — | £553.4k | — | 28y | 80 | 62y |
| GREENBANK TURBINES LTD→ SC393995 · est 2011 | — | — | — | 0 | 15y | 80 | 69y |
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
Incorporated2021-10-20
Jurisdictionscotland
Primary SIC36000 — SIC 36000
Registered office
Atrium Business Centre
North Caldeen Road
Coatbridge
ML5 4EF
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24
Officers (2 active · 3 resigned)
GILROY, Fraser→
Activedirector · ~43y · appointed 2024-01-15
View their other companies + combined net worth →
MCDADE, Thomas Kraig→
Activedirector · ~40y · appointed 2024-01-15
View their other companies + combined net worth →
ALEMANNO, Daniela→
Resigneddirector · ~39y · appointed 2022-06-14 · resigned 2024-01-15
GILROY, Fiona→
Resigneddirector · ~44y · appointed 2022-09-09 · resigned 2024-01-15
GILROY, Fraser→
Resigneddirector · ~43y · appointed 2021-10-20 · resigned 2022-09-09
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Juice Ventures Juice Ventures Limited | A registered charge | 1 property | 10/02/2026 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 30/10/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (42 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-20
accounts-with-accounts-type-small
accounts · AA
2025-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-04
capital-name-of-class-of-shares
capital · SH08
2025-08-13
memorandum-articles
incorporation · MA
2025-08-12
resolution
resolution · RESOLUTIONS
2025-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-small
accounts · AA
2024-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-28