OVO (S) ELECTRICITY LIMITED

💤Zombieactive
04094263 · ltd · incorporated 2000-10-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 35130
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

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

30/100
under pressure

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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
22 officers (1 active, 22 linked, 17 with DOB)
85
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • 3 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
  1. 2026-02-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-02-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-02-18
    CASEY, Vincent resigned
    secretary
  4. 2026-02-18
    CASEY, Vincent Francis resigned
    director
  5. 2026-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2026-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2026-01-01
    BUTTRESS, David resigned
    director
  8. 2025-11-21
    HOUGHTON, Christopher Paul appointed
    director
  9. 2025-11-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2025-09-30
    📄
    legacy
    other · GUARANTEE2
  12. 2025-09-30
    📄
    legacy
    other · AGREEMENT2
  13. 2025-01-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2025-01-14
    🔒
    Charge registered #4
    Lender: Glas Trust Corporation Limited
  15. 2024-10-19
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2024-10-19
    📄
    legacy
    accounts · PARENT_ACC
  17. 2024-09-11
    📄
    legacy
    other · GUARANTEE2
  18. 2024-09-11
    📄
    legacy
    other · AGREEMENT2
  19. 2024-06-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2024-06-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2024-05-31
    BHATIA, Raman resigned
    director
  22. 2024-05-31
    BUTTRESS, David appointed
    director
  23. 2023-10-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  24. 2023-10-04
    📄
    legacy
    accounts · PARENT_ACC
  25. 2023-10-04
    📄
    legacy
    other · AGREEMENT2
  26. 2023-10-04
    📄
    legacy
    other · GUARANTEE2
  27. 2022-09-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2022-03-01
    LETTS, Adrian James resigned
    director
  29. 2022-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  30. 2022-01-10
    CASTELL, William Thomas resigned
    director
  31. 2021-09-03
    BHATIA, Raman appointed
    director
  32. 2021-09-03
    WALTER, David William resigned
    director
  33. 2021-01-18
    CASTELL, William Thomas appointed
    director
  34. 2021-01-18
    FITZPATRICK, Stephen James resigned
    director
  35. 2021-01-15
    KEELING, Anthony Edward resigned
    director
  36. 2020-11-24
    WALTER, David William appointed
    director
  37. 2020-10-01
    🔒
    Charge registered #3
    Lender: Glas Trust Corporation Limited (As Security Agent)
  38. 2020-08-06
    🔒
    Charge registered #2
    Lender: Glas Trust Corporation Limited (As Security Agent)
  39. 2020-01-22
    🔒
    Charge registered #1
    Lender: Glas Trust Corporation Limited (As Security Agent)
  40. 2020-01-16
    FITZPATRICK, Stephen James appointed
    director
  41. 2020-01-16
    LETTS, Adrian James appointed
    director
  42. 2020-01-15
    CASEY, Vincent appointed
    secretary
  43. 2020-01-15
    LAWNS, Peter Grant resigned
    secretary
  44. 2020-01-15
    CASEY, Vincent Francis appointed
    director
  45. 2020-01-15
    FORBES, Stephen Alexander resigned
    director
  46. 2017-09-29
    MORRIS, William Kenneth resigned
    director
  47. 2017-03-20
    FORBES, Stephen Alexander appointed
    director
  48. 2013-12-11
    DONNELLY, Lawrence John Vincent resigned
    director
  49. 2013-12-11
    KEELING, Anthony Edward appointed
    director
  50. 2013-11-29
    MORRIS, William Kenneth appointed
    director
Showing most recent 50 of 69 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
3 director resignations in last 12 months
medium

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.

🏛️
Ovo (S) Energy Services Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
OVO (S) ELECTRICITY LIMITED
This company · 04094263

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%
NameSharesVoting rightsNature of controlNotified
Ovo (S) Energy Services Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control15/01/2020
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.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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.

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
Incorporated2000-10-23
Jurisdictionengland-wales
Primary SIC35130 — SIC 35130

Registered office

Floor 5, Crescent
Temple Back
Redcliffe
BS1 6EZ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-30
Last: 2025-06-16

Officers (1 active · 21 resigned)

HOUGHTON, Christopher Paul
director · ~48y · appointed 2025-11-21
View their other companies + combined net worth →
Active
CASEY, Vincent
secretary · appointed 2020-01-15 · resigned 2026-02-18
Resigned
DONNELLY, Lawrence John Vincent
secretary · appointed 2001-03-26 · resigned 2005-04-18
Resigned
GRAY, Ailsa Mary
secretary · appointed 2005-04-18 · resigned 2009-02-12
Resigned
LAWNS, Peter Grant
secretary · appointed 2009-02-12 · resigned 2020-01-15
Resigned
D.W. COMPANY SERVICES LIMITED
corporate-secretary · appointed 2000-10-23 · resigned 2001-03-26
Resigned
BHATIA, Raman
director · ~48y · appointed 2021-09-03 · resigned 2024-05-31
Resigned
BUTTRESS, David
director · ~50y · appointed 2024-05-31 · resigned 2026-01-01
Resigned
CASEY, Vincent Francis
director · ~43y · appointed 2020-01-15 · resigned 2026-02-18
Resigned
CASTELL, William Thomas
director · ~48y · appointed 2021-01-18 · resigned 2022-01-10
Resigned
CRAWFORD, Douglas James
director · ~61y · appointed 2000-10-23 · resigned 2001-03-26
Resigned
DONNELLY, Lawrence John Vincent
director · ~71y · appointed 2001-11-14 · resigned 2013-12-11
Resigned
FITZPATRICK, Stephen James
director · ~49y · appointed 2020-01-16 · resigned 2021-01-18
Resigned
FORBES, Stephen Alexander
director · ~56y · appointed 2017-03-20 · resigned 2020-01-15
Resigned
KEELING, Anthony Edward
director · ~54y · appointed 2013-12-11 · resigned 2021-01-15
Resigned
LETTS, Adrian James
director · ~53y · appointed 2020-01-16 · resigned 2022-03-01
Resigned
MARTIN, James Henry
director · ~73y · appointed 2001-03-26 · resigned 2001-10-02
Resigned
MORRIS, William Kenneth
director · ~61y · appointed 2013-11-29 · resigned 2017-09-29
Resigned
PHILLIPS-DAVIES, Paul Morton Alistair
director · ~59y · appointed 2001-11-14 · resigned 2013-11-29
Resigned
POLSON, Michael Buchanan
director · ~62y · appointed 2000-10-23 · resigned 2001-03-26
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Glas Trust Corporation
Glas Trust Corporation Limited
A registered charge1 property14/01/2025
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property01/10/2020
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property06/08/2020
outstanding
Glas Trust Corporation (As Security Agent)
Glas Trust Corporation Limited (As Security Agent)
A registered charge1 property22/01/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (140 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-02-19
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-16
termination-director-company-with-name-termination-date
officers · TM01
2026-01-21
appoint-person-director-company-with-name-date
officers · AP01
2025-11-21
accounts-with-accounts-type-dormant
accounts · AA
2025-09-30
legacy
other · GUARANTEE2
2025-09-30
legacy
other · AGREEMENT2
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-16
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-19
legacy
accounts · PARENT_ACC
2024-10-19
legacy
other · GUARANTEE2
2024-09-11
legacy
other · AGREEMENT2
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-27