DUNAN POWER COMPANY LIMITED

🌳Matureactive
09236361 · ltd · incorporated 2014-09-26
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
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Turnover
year to Dec 2025
Net worth
£1.07M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company with a 81-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -70% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 11.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (84/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,071,851
Cash draining
Cash down 70% YoY
Cash YoY
-70%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£76k
↓ 70% YoY
Net Worth
£1.1m
↑ 6.5% YoY
Current Assets
£349k
↓ 22% YoY
Current Liabilities
£0£214k£429k£643k£857k£1.1mDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£2.69M£2.79M
Current assets£348.8k£445.8k
Cash£75.9k£257.4k
Debtors£272.8k£188.4k
Net assets£1.07M£1.01M

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
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-02-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-02-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2019-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2016-05-05
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  16. 2015-10-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-07-14
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  18. 2015-07-10
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  19. 2015-03-09
    MCKELLAR, James Robert appointed
    secretary
  20. 2014-09-26
    🏢
    Company incorporated
    As DUNAN POWER COMPANY LIMITED
  21. 2014-09-26
    CURTIS, Nicholas Simon appointed
    director
  22. 2014-09-26
    MCCORQUODALE, Hamish Norman appointed
    director
  23. 2014-09-26
    MCKELLAR, James Robert appointed
    director

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
  • +Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Robert Mckellar
Individual · British · DOB 04/1962 · age 64
2550%
25-50% shares06/04/2016

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
Incorporated2014-09-26
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

7 St James's Gardens
Holland Park
London
W11 4RB

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-10
Last: 2025-09-26

Officers (4 active · 0 resigned)

MCKELLAR, James Robert
secretary · appointed 2015-03-09
View their other companies + combined net worth →
Active
CURTIS, Nicholas Simon
director · ~60y · appointed 2014-09-26
View their other companies + combined net worth →
Active
MCCORQUODALE, Hamish Norman
director · ~81y · appointed 2014-09-26
View their other companies + combined net worth →
Active
MCKELLAR, James Robert
director · ~64y · appointed 2014-09-26
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property05/05/2016
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property14/07/2015
outstanding
HSBC
Hsbc Bank PLC
A registered charge10/07/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-10
change-person-director-company-with-change-date
officers · CH01
2020-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-02-27