GEOTHERMAL ENGINEERING LIMITED

🌳Matureactive

06663174 · ltd · incorporated 2008-08-04

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

ALSO REGISTERED FOR

42220SIC 42220
43130SIC 43130

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 8.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

12 officers (5 active, 12 linked, 10 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

20 connected companies via shared directors

Filing history

88 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-12-31	2024-12-31
Average employees	16	1300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 incorporation
• 1 mortgage

Last 180 days

filings

• 1 accounts
• 1 incorporation
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2026-05-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-24
📄
memorandum-articles
incorporation · MA
2026-04-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-07
🔒
Charge registered #3
Lender: Abn Amro Hybrid Capital B.V.
2025-09-12
📄
memorandum-articles
incorporation · MA
2025-09-12
📄
resolution
resolution · RESOLUTIONS
2025-09-12
📄
capital-name-of-class-of-shares
capital · SH08
2025-09-12
📄
capital-name-of-class-of-shares
capital · SH08
2025-09-12
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-12
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-10
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-09-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-10
📄
capital-allotment-shares
capital · SH01
2025-08-27
➕
ELLISON, Simon James appointed
secretary
2025-08-27
➕
CHENG, Andre An-Chun appointed
director
2025-08-27
➕
CLAYTON, Matthew Thomas appointed
director
2025-08-27
➖
KENNINGTON, Susan Mary resigned
secretary
2025-08-27
➖
BRIDGLAND, David Vernon resigned
director
2025-08-27
➖
POE, David resigned
director
2025-08-27
➖
WILSON, Antony John resigned
director
2025-08-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-30
➕
VAN LIMBORGH, Jules appointed
director
2024-04-30
➖
PATEL, Anish Nagin resigned
director
2024-01-24
➖
BEYNON, Jonathan, Dr resigned
director
2024-01-24
➕
WILSON, Antony John appointed
director
2023-03-27
🔓
Charge satisfied #2
2023-02-24
➕
PATEL, Anish Nagin appointed
director
2020-06-02
➖
LEDINGHAM, Peter resigned
director
2020-01-21
🔒
Charge registered #2
Lender: Thrive Renewables PLC
2019-12-06
🔓
Charge satisfied #1
2017-07-21
🔒
Charge registered #1
Lender: Abundance Security Trustee Limited
2010-01-01
➕
BEYNON, Jonathan, Dr appointed
director
2009-08-28
➕
LEDINGHAM, Peter appointed
director
2009-08-28
➕
POE, David appointed
director
2009-06-25
➕
BRIDGLAND, David Vernon appointed
director
2008-08-04
🏢
Company incorporated
As GEOTHERMAL ENGINEERING LIMITED
2008-08-04
➕
LAW, Ryan appointed
director
2008-08-04
➕
KENNINGTON, Susan Mary appointed
secretary

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

4 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: KENNINGTON, Susan Mary resigned 2025-08-27; BRIDGLAND, David Vernon resigned 2025-08-27; POE, David resigned 2025-08-27

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Cx Geothermal Ltd

Corporate parent · holds 50-75% shares · board control

majority

🏛️

Thrive Renewables Plc

Corporate parent · holds 25-50% shares

significant stake

⬇

GEOTHERMAL ENGINEERING LIMITED

This company · 06663174

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Cx Geothermal Ltd Corporate entity	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	27/08/2025
Thrive Renewables Plc Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	27/08/2025

1 historic (ceased) PSC

Mr Ryan Lawceased 27/08/2025· 50-75% shares · 50-75% voting · board control · significant influence

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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CORNWALL WASTE CARE LTD.→ 11712644 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
DAVIES DRAINAGE SOLUTIONS LTD→ 14415509 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
DSW ENVIRONMENTAL LTD→ 10113826 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
FAIRVIEW FARM LIMITED→ 07698719 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
FERRY FARM COMMUNITY SOLAR PROJECT C.I.C.→ 09646669 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
FRESH EARTH TECHNOLOGIES LTD→ 10678514 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
GLEBE QUARRY LIMITED→ 03486842 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
GLOBAL ENERGY (U.K.) LIMITED→ 03566956 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
GOOD OLD FURNITURE AVAILABLE (GOFA)→ 05407823 · est 2005 · no financials extracted	—	—	—	—	21y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated2008-08-04

Jurisdictionengland-wales

Primary SIC35110 — SIC 35110

Registered office

United Downs Industrial Estate

St Day

Redruth

Cornwall

TR16 5HY

England

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-08-14

Last: 2025-07-31