WCS DRAINAGE LIMITED

🌿Early-stageactive
SC722959 · ltd · incorporated 2022-02-11
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 Feb 2025
Net worth
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Site preparation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

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
3 connected companies via shared directors
54
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28

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 (9 events)Click to expand
  1. 2025-04-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-06-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-05-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-11
    🏢
    Company incorporated
    As WCS DRAINAGE LIMITED
  7. 2022-02-11
    BRUCE, Henry Colin appointed
    director
  8. 2022-02-11
    DAVIDSON, William Andrew appointed
    director
  9. 2022-02-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-24

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Andrew Davidson
Individual · British · DOB 11/1960 · age 66
2550%
25–50%board control25-50% shares · 25-50% voting · board control11/02/2022
Mr Henry Colin Bruce
Individual · Scottish · DOB 08/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control11/02/2022

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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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.

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Company details

Statusactive
Typeltd
Incorporated2022-02-11
Jurisdictionscotland
Primary SIC43120 — Site preparation

Registered office

Unit 6 Block 15 Clydesmill Industrial Estate
Cambuslang
Glasgow
G32 8RG
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-02-24OVERDUE
Last: 2025-02-10

Officers (2 active · 0 resigned)

BRUCE, Henry Colin
director · ~58y · appointed 2022-02-11
View their other companies + combined net worth →
Active
DAVIDSON, William Andrew
director · ~66y · appointed 2022-02-11
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-dormant
accounts · AA
2024-12-12
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
gazette-notice-compulsory
gazette · GAZ1
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-10
incorporation-company
incorporation · NEWINC
2022-02-11