WATSON AND LYALL LIMITED
Company number SC091377 · Monitor this company
Executive summary
Watson and Lyall Limited presents significant investment risk following a 93.6% decline in net assets during 2024, leaving equity at just £42,197 against total liabilities of approximately £308,555. The disposal of over £1 million in property assets, combined with an unexplained shortfall between sale proceeds and cash retained in the business, raises material concerns about value extraction or undisclosed losses. While the company maintains a long operating history and compliant filing record, its reliance on a demand-repayable overdraft for working capital and the opacity around related-party transactions with its 75%+ corporate shareholder (Fountainbank Limited) warrant substantial further investigation before any investment commitment.
Shareholders' funds
£42,197
Balance sheet as at 2024-12-31
What it does
The principal activity of the company continued to be that of building and maintenance contractors.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1985-01-25
- Employees
- 19 (2025 accounts · was 20 in 2024)
- Registered office
- Dryden Road, Bilston Glen Industrial Estate, Loanhead, Midlothian, EH20 9LZ
- Postcode
- EH20 9LZ
- Capital
- 6,100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 3 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-08-17
- Next due by
- 2027-08-31
Nature of business (SIC)
- 43390 Other building completion and finishing
Officers 3 current · 5 resigned
Group structure
Controlled by FOUNTAINBANK LIMITED — since 2016-04-06
From persons-with-significant-control filings on the public register.
Contact details
- Website
- watsonandlyall.co.uk
- Phone
- 01314409744
Previous company names
| Name | Date changed |
|---|---|
| JUMBO CONSTRUCTION LIMITED | 1989-02-16 |
Previous registered addresses 4
| Address | Changed on |
|---|---|
| UNIT 29 PEFFER INDUSTRIAL ESTATE, PEFFER PLACE, EDINBURGH, EH16 4BB | 2003-09-17 |
| 11 WEST TOLLCROSS, EDINBURGH, EH3 9QN | 1995-06-01 |
| 9 CRAIGLEITH HILL GARDENS, EDINBURGH, EH4 2JB | 1989-06-27 |
| 38 BRUNTSFIELD PLACE, EDINBURGH, EH10 4HJ | 1987-04-09 |
Among its peers
Among the biggest employers
of 122 similar companies in EH, with 19 staff. 2nd oldest of its local peers.
Competitors Edinburgh
This company ranks 41 among other building completion and finishing in Edinburgh.
The class of 1985
49%
of the 15,386 companies incorporated in 1985 are still active today; 42% have since been dissolved.
A fact about the year, not a forecast for this company.
Businesses that transport or deal in waste must register with the Environment Agency. You can check this company on the official register of waste carriers, brokers and dealers.