OVO (S) ELECTRICITY LIMITED
Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 6.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 3 officers
- • 1 address
Corporate timeline (69 events)Click to expand
- 2026-02-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-02-18➖CASEY, Vincent resignedsecretary
- 2026-02-18➖CASEY, Vincent Francis resigneddirector
- 2026-02-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-01➖BUTTRESS, David resigneddirector
- 2025-11-21➕HOUGHTON, Christopher Paul appointeddirector
- 2025-11-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-09-30📄legacyother · GUARANTEE2
- 2025-09-30📄legacyother · AGREEMENT2
- 2025-01-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-14🔒Charge registered #4Lender: Glas Trust Corporation Limited
- 2024-10-19📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-19📄legacyaccounts · PARENT_ACC
- 2024-09-11📄legacyother · GUARANTEE2
- 2024-09-11📄legacyother · AGREEMENT2
- 2024-06-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-31➖BHATIA, Raman resigneddirector
- 2024-05-31➕BUTTRESS, David appointeddirector
- 2023-10-04📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-10-04📄legacyaccounts · PARENT_ACC
- 2023-10-04📄legacyother · AGREEMENT2
- 2023-10-04📄legacyother · GUARANTEE2
- 2022-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-01➖LETTS, Adrian James resigneddirector
- 2022-03-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-10➖CASTELL, William Thomas resigneddirector
- 2021-09-03➕BHATIA, Raman appointeddirector
- 2021-09-03➖WALTER, David William resigneddirector
- 2021-01-18➕CASTELL, William Thomas appointeddirector
- 2021-01-18➖FITZPATRICK, Stephen James resigneddirector
- 2021-01-15➖KEELING, Anthony Edward resigneddirector
- 2020-11-24➕WALTER, David William appointeddirector
- 2020-10-01🔒Charge registered #3Lender: Glas Trust Corporation Limited (As Security Agent)
- 2020-08-06🔒Charge registered #2Lender: Glas Trust Corporation Limited (As Security Agent)
- 2020-01-22🔒Charge registered #1Lender: Glas Trust Corporation Limited (As Security Agent)
- 2020-01-16➕FITZPATRICK, Stephen James appointeddirector
- 2020-01-16➕LETTS, Adrian James appointeddirector
- 2020-01-15➕CASEY, Vincent appointedsecretary
- 2020-01-15➖LAWNS, Peter Grant resignedsecretary
- 2020-01-15➕CASEY, Vincent Francis appointeddirector
- 2020-01-15➖FORBES, Stephen Alexander resigneddirector
- 2017-09-29➖MORRIS, William Kenneth resigneddirector
- 2017-03-20➕FORBES, Stephen Alexander appointeddirector
- 2013-12-11➖DONNELLY, Lawrence John Vincent resigneddirector
- 2013-12-11➕KEELING, Anthony Edward appointeddirector
- 2013-11-29➕MORRIS, William Kenneth appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CASEY, Vincent resigned 2026-02-18; BUTTRESS, David resigned 2026-01-01; CASEY, Vincent Francis resigned 2026-02-18
Group structure
Ovo (S) Energy Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Ovo (S) Energy Services Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 15/01/2020 |
3 historic (ceased) PSCs
- Sse Energy Services Group Limitedceased 15/01/2020· 75-100% shares · 75-100% voting · board control
- Sse Plcceased 14/05/2018· 75-100% shares · 75-100% voting · board control
- Sse Energy Supply Limitedceased 01/04/2018· 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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| AEUK BATTERY PROJECT XXXV LTD→ 15434417 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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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 →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
Registered office
Filing status
Officers (1 active · 21 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 14/01/2025 | — | |
| outstanding | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | 1 property | 01/10/2020 | — | |
| outstanding | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | 1 property | 06/08/2020 | — | |
| outstanding | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | 1 property | 22/01/2020 | — |