THE WATER ROW COMPANY LTD

🌿Early-stageactive

SC784384 · ltd · incorporated 2023-09-29

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

🔒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: SIC 64992

Sector: Financial & insurance

ALSO REGISTERED FOR

68201Renting and operating of Housing Association real estate
68209Other letting and operating of own or leased real estate

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

6 officers (5 active, 6 linked, 6 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

12 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

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-12-08
📄
accounts-with-accounts-type-small
accounts · AA
2025-10-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-13
➖
HOGG, Donalda resigned
director
2025-06-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-14
➕
MINA, Andrea Lindsay appointed
director
2025-01-15
📄
accounts-with-accounts-type-small
accounts · AA
2024-05-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-15
➕
TREARTY, Brian appointed
director
2024-02-15
➕
HOGG, Donalda appointed
director
2023-12-22
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2023-11-29
➕
STIRLING, Jacqueline appointed
director
2023-11-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-03
➕
GRAHAM, Robert appointed
director
2023-09-29
🏢
Company incorporated
As THE WATER ROW COMPANY LTD
2023-09-29
➕
WILLIAMSON, Avril appointed
director
2023-09-29
📄
incorporation-company
incorporation · NEWINC

Owner dependency

60/100

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 68 — succession pressure is live.
+Young company: Only 2.6 years old — management layer unlikely to be developed.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Govan Housing Association Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Govan Housing Association Ltd

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

ultimate parent

⬇

THE WATER ROW COMPANY LTD

This company · SC784384

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
Govan Housing Association Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	29/09/2023

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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2023-09-29

Jurisdictionscotland

Primary SIC64992 — SIC 64992

Registered office

246 Edmiston Drive

Glasgow

G51 2YU

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-12

Last: 2025-09-28