SHETLAND AEROGENERATORS LIMITED

🌳Matureactive
SC136227 · ltd · incorporated 1992-01-28
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£15.50M
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 76-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 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 · 4 lenders · oldest 25.6y

35/100
too messy

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

  • · Oldest live charge is 25.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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
11 officers (8 active, 11 linked, 8 with DOB)
85
Ownership & PSC
0 active PSC(s) of 5 total, 5 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
132 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
85
Strong succession / seller-readiness signals.
Risk profile
77
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 £15,504,655
Cash YoY
+15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7.4m
↑ 15% YoY
Net Worth
£16m
↑ 6.1% YoY
Current Assets
£12m
↑ 18% YoY
Current Liabilities
—
£0£3.1m£6.2m£9.3m£12m£16mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£15.82M£14.95M
Current assets£11.73M£9.92M
Cash£7.44M£6.45M
Debtors£4.29M£3.47M
Net assets£15.50M£14.61M

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-14
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2024-08-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-06-18
    ➕
    BIRNIE, Craig appointed
    director
  6. 2024-01-09
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  7. 2024-01-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2024-01-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2024-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2024-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2023-12-18
    ➕
    WARD, Sarah appointed
    director
  15. 2023-12-18
    ➖
    WARD, Sandra resigned
    director
  16. 2023-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-02-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2020-02-20
    ➕
    WARD, Sandra appointed
    director
  22. 2019-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2016-03-30
    🔒
    Charge registered #7
    Lender: Lombard North Central PLC
  24. 2016-03-01
    ➕
    WARD, Lisa appointed
    director
  25. 2015-02-27
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  26. 2011-09-21
    🔓
    Charge satisfied #5
  27. 2009-05-16
    🔓
    Charge satisfied #4
  28. 2009-05-16
    🔓
    Charge satisfied #3
  29. 2009-05-16
    🔓
    Charge satisfied #2
  30. 2009-05-16
    🔓
    Charge satisfied #1
  31. 2003-05-07
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  32. 2002-12-23
    🔒
    Charge registered #4
    Lender: Orix Ireland Limited
  33. 2002-08-29
    🔒
    Charge registered #3
    Lender: Orix Ireland Limited
  34. 2001-11-30
    ➕
    THOMSON, David Henry appointed
    director
  35. 2000-12-12
    🔒
    Charge registered #2
    Lender: Orix Ireland Limited
  36. 2000-11-27
    🔒
    Charge registered #1
    Lender: Orix Ireland Limited
  37. 1992-01-28
    🏢
    Company incorporated
    As SHETLAND AEROGENERATORS LIMITED
  38. 1992-01-28
    ➕
    THOMSON, Michael Henry appointed
    secretary
  39. 1992-01-28
    ➕
    THOMSON, Gilbert Dennis appointed
    director
  40. 1992-01-28
    ➕
    THOMSON, Michael Henry appointed
    director
  41. 1992-01-28
    ➕
    WARD, Angus appointed
    director
  42. 1992-01-28
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  43. 1992-01-28
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  44. 1992-01-28
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  45. 1992-01-28
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-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
  • -7 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

🔒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

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
Incorporated1992-01-28
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

10 Charlotte Street
Lerwick
Isle Of Shetland
ZE1 0JL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (8 active · 3 resigned)

THOMSON, Michael Henry→
secretary · appointed 1992-01-28
View their other companies + combined net worth →
Active
BIRNIE, Craig→
director · ~44y · appointed 2024-06-18
View their other companies + combined net worth →
Active
THOMSON, David Henry→
director · ~50y · appointed 2001-11-30
View their other companies + combined net worth →
Active
THOMSON, Gilbert Dennis→
director · ~76y · appointed 1992-01-28
View their other companies + combined net worth →
Active
THOMSON, Michael Henry→
director · ~71y · appointed 1992-01-28
View their other companies + combined net worth →
Active
WARD, Angus→
director · ~71y · appointed 1992-01-28
View their other companies + combined net worth →
Active
WARD, Lisa→
director · ~38y · appointed 2016-03-01
View their other companies + combined net worth →
Active
WARD, Sarah→
director · ~43y · appointed 2023-12-18
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1992-01-28 · resigned 1992-01-28
Resigned
WARD, Sandra→
director · ~70y · appointed 2020-02-20 · resigned 2023-12-18
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1992-01-28 · resigned 1992-01-28
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Lombard North Central
Lombard North Central PLC
A registered charge—30/03/2016—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—27/02/2015—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property07/05/200321/09/2011
satisfied
Orix Ireland
Orix Ireland Limited
Standard security1 property23/12/200216/05/2009
satisfied
Orix Ireland
Orix Ireland Limited
Standard security1 property29/08/200216/05/2009
satisfied
Orix Ireland
Orix Ireland Limited
Standard security1 property12/12/200016/05/2009
satisfied
Orix Ireland
Orix Ireland Limited
Bond & floating charge1 property27/11/200016/05/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
resolution
resolution · RESOLUTIONS
2024-08-14
appoint-person-director-company-with-name-date
officers · AP01
2024-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-09
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-01-09
termination-director-company-with-name-termination-date
officers · TM01
2024-01-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
appoint-person-director-company-with-name-date
officers · AP01
2024-01-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03