NATIONWIDE RENEWABLES LTD
Opportunity 70/100 (strong), bankability 75/100. 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).
Data confidence
Overall: medium (70/100)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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 |
|---|---|
| Total assets | £421.8k |
| Current assets | £515.7k |
| Cash | £477.9k |
| Debtors | £37.9k |
| Net assets | £412.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 2 officers
- • 2 officers
Corporate timeline (28 events)Click to expand
- 2026-05-06➕EL-GHAMARI, Yousuf appointeddirector
- 2026-05-06➖BULGASIM, Haitem resigneddirector
- 2026-05-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-05-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-12-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-22➖BULGASIM, Hani resigneddirector
- 2025-06-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-11📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2024-05-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-07-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2017-09-06➖ABBAS, Zulfqar resigneddirector
- 2016-11-07➕ABBAS, Zulfqar appointeddirector
- 2016-11-07➕BULGASIM, Hani appointeddirector
- 2016-10-31🏢Company incorporatedAs NATIONWIDE RENEWABLES LTD
- 2016-10-31➕BULGASIM, Haitem 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: BULGASIM, Haitem resigned 2026-05-06; BULGASIM, Hani resigned 2025-10-22
Group structure
Right First Time Group 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 |
|---|---|---|---|---|
Right First Time Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 12/12/2025 |
5 historic (ceased) PSCs
- Mr Haitem Bulgasimceased 12/12/2025· 75-100% shares · 75-100% voting
- Mr Hani Bulgasimceased 22/10/2025· 25-50% shares · 25-50% voting
- Mr Hani Bulgasimceased 06/11/2019· 25-50% shares · 25-50% voting
- Mr Haitem Bulgasimceased 09/11/2018· 25-50% shares · 25-50% voting
- Mr Zulfqar Abbasceased 06/09/2017· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 3 resigned)
Click a director name to see their full track record across all companies.