NORCO BATTERIES (UK) LIMITED

🌳Matureactive
SC140319 · ltd · incorporated 1992-09-17
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
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£0
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 72-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 33.3y

35/100
too messy

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

  • · Oldest live charge is 33.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
21 officers (3 active, 21 linked, 11 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
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
£0
Current Assets
£289k
~ YoY
Current Liabilities
—
£0£58k£116k£173k£231k£289kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£0£0
Current assets£289.0k£289.0k
Net assets£0£0

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
0
filings
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2025-08-19
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  2. 2025-07-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-09-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2021-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-08-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-08-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-08-19
    ➕
    SHARP, Ryan appointed
    director
  13. 2021-08-19
    ➖
    SHARP, Ian Robert resigned
    director
  14. 2020-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-11-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-07-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2018-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-07-27
    ➖
    TOMBLESON, Walter resigned
    director
  19. 2018-07-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2013-02-01
    ➕
    BLACKADDERS LLP appointed
    corporate-secretary
  21. 2013-01-31
    ➖
    STRONACHS SECRETARIES LIMITED resigned
    corporate-secretary
  22. 2012-06-26
    ➕
    MCCARLE, Andrew Martin appointed
    director
  23. 2009-12-06
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2009-12-06
    ➖
    PARK, Stephen William resigned
    director
  25. 2009-12-06
    ➕
    SHARP, Ian Robert appointed
    director
  26. 2009-12-06
    ➕
    TOMBLESON, Walter appointed
    director
  27. 2009-11-18
    ➖
    MACKAY, Claire resigned
    secretary
  28. 2007-06-01
    ➖
    MCCOMBIE, Linda Isabel resigned
    director
  29. 2007-06-01
    ➖
    PHILLIPS, Shaun Norman, Mr. resigned
    director
  30. 2007-06-01
    ➖
    SHARP, Ian Robert resigned
    director
  31. 2007-06-01
    ➖
    TOMBLESON, Walter resigned
    director
  32. 2006-04-20
    ➕
    MACKAY, Claire appointed
    secretary
  33. 2006-04-20
    ➖
    STRONACHS resigned
    corporate-secretary
  34. 2000-10-26
    ➖
    MILNE, Peter Gordon resigned
    director
  35. 2000-05-03
    ➕
    PHILLIPS, Shaun Norman, Mr. appointed
    director
  36. 1999-10-01
    ➕
    PARK, Stephen William appointed
    director
  37. 1998-09-16
    ➕
    STRONACHS appointed
    corporate-secretary
  38. 1998-09-16
    ➖
    THE GRANT SMITH LAW PRACTICE resigned
    corporate-secretary
  39. 1996-05-20
    ➕
    MILNE, Peter Gordon appointed
    director
  40. 1995-10-30
    🔓
    Charge satisfied #2
  41. 1995-09-28
    🔓
    Charge satisfied #3
  42. 1995-08-12
    ➖
    SEIVWRIGHT, Charles Collie resigned
    director
  43. 1995-06-13
    ➕
    THE GRANT SMITH LAW PRACTICE appointed
    corporate-secretary
  44. 1995-03-13
    ➖
    STORIE CRUDEN & SIMPSON resigned
    corporate-secretary
  45. 1994-02-15
    🔓
    Charge satisfied #1
  46. 1994-02-11
    ➕
    STORIE CRUDEN & SIMPSON appointed
    corporate-secretary
  47. 1993-10-18
    ➖
    MCDONALD, Gavin James Peter resigned
    secretary
  48. 1993-09-02
    ➕
    MCDONALD, Gavin James Peter appointed
    secretary
  49. 1993-09-02
    ➖
    STORIE CRUDEN & SIMPSON resigned
    corporate-secretary
  50. 1992-12-24
    🔒
    Charge registered #3
    Lender: Nothern Co-Operative Society Limited
Showing most recent 50 of 62 events

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

89/100
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 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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.

Group structure

Norco Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Norco Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
NORCO BATTERIES (UK) LIMITED
This company · SC140319

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%
NameSharesVoting rightsNature of controlNotified
Norco Group Limited
Corporate entity
75–100%
—75-100% 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

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
Incorporated1992-09-17
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Norco House Units 3-6 Pitmedden Road
Dyce
Aberdeen
AB21 0DT
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-30
Last: 2025-09-16

Officers (3 active · 18 resigned)

BLACKADDERS LLP→
corporate-secretary · appointed 2013-02-01
View their other companies + combined net worth →
Active
MCCARLE, Andrew Martin→
director · ~72y · appointed 2012-06-26
View their other companies + combined net worth →
Active
SHARP, Ryan→
director · ~47y · appointed 2021-08-19
View their other companies + combined net worth →
Active
MACKAY, Claire→
secretary · appointed 2006-04-20 · resigned 2009-11-18
Resigned
MCDONALD, Gavin James Peter→
secretary · appointed 1993-09-02 · resigned 1993-10-18
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1992-09-17 · resigned 1992-09-17
Resigned
STORIE CRUDEN & SIMPSON→
corporate-secretary · appointed 1994-02-11 · resigned 1995-03-13
Resigned
STORIE CRUDEN & SIMPSON→
corporate-secretary · appointed 1992-09-17 · resigned 1993-09-02
Resigned
STRONACHS→
corporate-secretary · appointed 1998-09-16 · resigned 2006-04-20
Resigned
STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2009-12-06 · resigned 2013-01-31
Resigned
THE GRANT SMITH LAW PRACTICE→
corporate-secretary · appointed 1995-06-13 · resigned 1998-09-16
Resigned
MCCOMBIE, Linda Isabel→
director · ~68y · appointed 1992-10-01 · resigned 2007-06-01
Resigned
MILNE, Peter Gordon→
director · ~82y · appointed 1996-05-20 · resigned 2000-10-26
Resigned
PARK, Stephen William→
director · ~63y · appointed 1999-10-01 · resigned 2009-12-06
Resigned
PHILLIPS, Shaun Norman, Mr.→
director · ~68y · appointed 2000-05-03 · resigned 2007-06-01
Resigned
SEIVWRIGHT, Charles Collie→
director · ~70y · appointed 1992-10-01 · resigned 1995-08-12
Resigned
SHARP, Ian Robert→
director · ~76y · appointed 2009-12-06 · resigned 2021-08-19
Resigned
SHARP, Ian Robert→
director · ~76y · appointed 1992-09-17 · resigned 2007-06-01
Resigned
TOMBLESON, Walter→
director · ~72y · appointed 2009-12-06 · resigned 2018-07-27
Resigned
TOMBLESON, Walter→
director · ~72y · appointed 1992-10-01 · resigned 2007-06-01
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Nothern Co-Operative Society
Nothern Co-Operative Society Limited
Bond & floating charge1 property24/12/199228/09/1995
satisfied
Forward Trust
Forward Trust Limited
Bond & floating charge1 property24/12/199230/10/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property24/12/199215/02/1994

Recent filings (144 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-16
change-corporate-secretary-company-with-change-date
officers · CH04
2025-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-02
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31
termination-director-company-with-name-termination-date
officers · TM01
2021-08-31
gazette-notice-compulsory
gazette · GAZ1
2021-08-31