BLUESTONE ENERGY LTD

🏛️Establishedactive
11673645 · ltd · incorporated 2018-11-13
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 Nov 2024
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 76/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 6 lenders · oldest 6.7y

35/100
too messy

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

  • · Oldest live charge is 6.7 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 9 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
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
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Average employees18001400

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

🔒Filing-note intelligence

3 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

Last 30 days
1
filing
  • 1 mortgage
Last 90 days
2
filings
  • 2 mortgage
Last 180 days
4
filings
  • 3 mortgage
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2026-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-05-06
    🔒
    Charge registered #7
    Lender: Nucleus Cash Flow FINANCE6 Limited
  3. 2026-04-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-04-18
    🔓
    Charge satisfied #6
  5. 2025-12-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-11-27
    🔒
    Charge registered #6
    Lender: Crumlin Capital Limited
  7. 2025-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-05-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-05-09
    WHITE, Freddy appointed
    director
  11. 2025-05-09
    MACPHERSON, Andrew John resigned
    director
  12. 2025-05-09
    ROBERTSON, David Alan resigned
    director
  13. 2025-05-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2025-02-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2025-02-19
    🔓
    Charge satisfied #3
  16. 2024-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2024-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-07-26
    🔒
    Charge registered #5
    Lender: Agp Sustainable Real Assets Limited
  19. 2024-07-26
    🔒
    Charge registered #4
    Lender: Agp Sustainable Real Assets Limited
  20. 2024-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2024-06-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2024-06-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2024-06-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2024-03-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2024-03-28
    🔒
    Charge registered #3
    Lender: Ampyr Idea Assetco UK LTD
  26. 2024-02-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  27. 2024-02-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  28. 2024-02-26
    📄
    capital-allotment-shares
    capital · SH01
  29. 2023-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  30. 2023-08-31
    🔓
    Charge satisfied #2
  31. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  32. 2023-02-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  33. 2023-01-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  34. 2021-11-16
    🔒
    Charge registered #2
    Lender: Emc Finance LTD
  35. 2021-05-31
    WHITE, Joseph Patrick appointed
    director
  36. 2021-05-31
    JONES, Nigel resigned
    director
  37. 2021-02-17
    MACPHERSON, Andrew John appointed
    director
  38. 2020-05-07
    🔓
    Charge satisfied #1
  39. 2019-10-15
    ROBERTSON, David Alan appointed
    director
  40. 2019-09-24
    🔒
    Charge registered #1
    Lender: Castle Property Group Limited
  41. 2019-08-15
    ROBERTSON, David Alan resigned
    director
  42. 2019-06-01
    JONES, Nigel appointed
    director
  43. 2019-06-01
    ROBERTSON, David Alan appointed
    director
  44. 2019-03-22
    WHITE, Susan Ann appointed
    director
  45. 2019-03-22
    WHITE, Joseph Patrick resigned
    director
  46. 2019-03-15
    JOSE, Lee Edward resigned
    director
  47. 2018-11-13
    🏢
    Company incorporated
    As BLUESTONE ENERGY LTD
  48. 2018-11-13
    JOSE, Lee Edward appointed
    director
  49. 2018-11-13
    WHITE, Joseph Patrick appointed
    director

Owner dependency

73/100
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 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — WHITE, Freddy (same surname) appointed 2025-05-09. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Susan Ann White
Individual · British · DOB 03/1956 · age 70
5075%
50–75%board control50-75% shares · 50-75% voting · board control22/03/2019
Mr David Alan Robertson
Individual · British · DOB 03/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control08/10/2019
3 historic (ceased) PSCs
  • Mr Nigel Jonesceased 06/05/2022· 25-50% shares · 25-50% voting · board control
  • Mr Joseph Patrick Whiteceased 22/03/2019· 75-100% shares · 75-100% voting · board control
  • Mr Lee Edward Joseceased 15/03/2019· 50-75% shares · 50-75% 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

9 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
Incorporated2018-11-13
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

35th Floor (Leaf B) Tower 42 25 Old Broad Street
London
EC2N 1HQ
England

Filing status

Accounts
Next due: 2026-08-29
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (3 active · 6 resigned)

WHITE, Freddy
director · ~46y · appointed 2025-05-09
View their other companies + combined net worth →
Active
WHITE, Joseph Patrick
director · ~74y · appointed 2021-05-31
View their other companies + combined net worth →
Active
WHITE, Susan Ann
director · ~70y · appointed 2019-03-22
View their other companies + combined net worth →
Active
JONES, Nigel
director · ~42y · appointed 2019-06-01 · resigned 2021-05-31
Resigned
JOSE, Lee Edward
director · ~61y · appointed 2018-11-13 · resigned 2019-03-15
Resigned
MACPHERSON, Andrew John
director · ~58y · appointed 2021-02-17 · resigned 2025-05-09
Resigned
ROBERTSON, David Alan
director · ~58y · appointed 2019-10-15 · resigned 2025-05-09
Resigned
ROBERTSON, David Alan
director · ~58y · appointed 2019-06-01 · resigned 2019-08-15
Resigned
WHITE, Joseph Patrick
director · ~74y · appointed 2018-11-13 · resigned 2019-03-22
Resigned

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

Mortgages & charges

7
Total charges
3
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Nucleus Cash Flow FINANCE6
Nucleus Cash Flow FINANCE6 Limited
A registered charge06/05/2026
satisfied
Crumlin Capital
Crumlin Capital Limited
A registered charge27/11/202518/04/2026
outstanding
Agp Sustainable Real Assets
Agp Sustainable Real Assets Limited
A registered charge26/07/2024
outstanding
Agp Sustainable Real Assets
Agp Sustainable Real Assets Limited
A registered charge26/07/2024
satisfied
Ampyr Idea Assetco UK
Ampyr Idea Assetco UK LTD
A registered charge28/03/202419/02/2025
satisfied
Emc Finance
Emc Finance LTD
A registered charge16/11/202131/08/2023
satisfied
Castle Property Group
Castle Property Group Limited
A registered charge24/09/201907/05/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-12
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-12
termination-director-company-with-name-termination-date
officers · TM01
2025-05-13
appoint-person-director-company-with-name-date
officers · AP01
2025-05-13
termination-director-company-with-name-termination-date
officers · TM01
2025-05-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-29
change-person-director-company-with-change-date
officers · CH01
2024-06-21
change-person-director-company-with-change-date
officers · CH01
2024-06-21