BLACK SWAN ENERGY LTD

💤Zombieactive
14810556 · ltd · incorporated 2023-04-18
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
year to Apr 2025
Net worth
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: SIC 35140
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 68310Real estate agencies
  • 96090Other service activities n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
90
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-02-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-11-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-11-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-09-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-08-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2025-07-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2025-06-25
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  8. 2025-06-25
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  9. 2025-06-24
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  10. 2025-01-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2024-07-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2024-07-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2023-04-18
    🏢
    Company incorporated
    As BLACK SWAN ENERGY LTD
  14. 2023-04-18
    RALUY AYATS, Jorge appointed
    secretary
  15. 2023-04-18
    RALUY AYATS, Jorge appointed
    director
  16. 2023-04-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-01

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jorge Raluy Ayats
Individual · Spanish · DOB 07/1962 · age 64
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/04/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2023-04-18
Jurisdictionengland-wales
Primary SIC35140 — SIC 35140

Registered office

128 City Road
London
EC1V 2NX

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-01OVERDUE
Last: 2025-04-17

Officers (2 active · 0 resigned)

RALUY AYATS, Jorge
secretary · appointed 2023-04-18
View their other companies + combined net worth →
Active
RALUY AYATS, Jorge
director · ~64y · appointed 2023-04-18
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-05
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-18
gazette-notice-compulsory
gazette · GAZ1
2025-09-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
gazette-notice-compulsory
gazette · GAZ1
2025-07-08
default-companies-house-service-address-applied-officer
address · RP09
2025-06-25
default-companies-house-service-address-applied-officer
address · RP09
2025-06-25
default-companies-house-registered-office-address-applied
address · RP05
2025-06-24
accounts-with-accounts-type-dormant
accounts · AA
2025-01-17
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
gazette-notice-compulsory
gazette · GAZ1
2024-07-09
incorporation-company
incorporation · NEWINC
2023-04-18