SHETLAND HEAT ENERGY AND POWER LIMITED
🌳Matureactive
SC181964 · ltd · incorporated 1998-01-09
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
PursueActive trading company with a 73-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
38 officers (6 active, 38 linked, 33 with DOB)
87
Ownership & PSC
11 active PSC(s) of 24 total, 24 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
187 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
9
filings
- • 8 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
9
filings
- • 8 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (93 events)Click to expand
- 2026-04-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-04-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-04📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-10📄accounts-with-accounts-type-smallaccounts · AA
- 2024-06-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-06➕RHODES, Justin Alexander appointeddirector
- 2024-06-06➕WILLS, Thomas Peter Roberts appointeddirector
- 2024-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-31➖GRANT, Wendy resigneddirector
- 2023-09-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-09-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-08-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-08-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-27➖ARMITAGE, Joseph James resigneddirector
- 2020-11-26➕CLARK, Colin Cruikshank appointeddirector
- 2020-11-26➕FRASER, Neil James appointeddirector
- 2020-11-26➖WISHART, Allan resigneddirector
- 2019-11-01➕SPENCE, William appointeddirector
- 2019-01-31➖TAIT, William Garry resigneddirector
- 2018-10-25➖COLLINS, Simon Caspar resigneddirector
- 2018-06-15➕GRANT, Wendy appointeddirector
- 2016-10-13➕TAIT, William Garry appointeddirector
- 2016-06-30➕LEASK, Derek Hunter appointeddirector
- 2016-06-30➕COLLINS, Simon Caspar appointeddirector
- 2016-06-03➖BLACKADDER, George Andrew resigneddirector
- 2016-05-24➖MASSEY, Keith Ian resigneddirector
- 2015-11-30➖KINNIBURGH, Ian resigneddirector
- 2015-11-12➕ARMITAGE, Joseph James appointeddirector
- 2015-11-12➕WISHART, Allan appointeddirector
- 2014-08-13➕KINNIBURGH, Ian appointeddirector
- 2014-08-13➕MASSEY, Keith Ian appointeddirector
- 2014-07-24➖TREGONNING, Martin Edward Treloar resigneddirector
- 2014-05-18➖CLELLAND, Paul James resigneddirector
- 2013-07-31➖GODDARD, Jeffrey Paul resignedsecretary
- 2012-12-01➕BLACKADDER, George Andrew appointeddirector
- 2012-12-01➕CLELLAND, Paul James appointeddirector
- 2012-12-01➖DUNCAN, Allison George Leslie resigneddirector
- 2012-12-01➖HENDERSON, Robert Simpson resigneddirector
Showing most recent 50 of 93 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -6 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
11 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Andrew Graham Turnbull Individual · British · DOB 08/1985 · age 41 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/06/2025 |
Mr Robert Neil Risk Individual · British · DOB 02/1958 · age 68 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/08/2023 |
Jim Nicolson Individual · British · DOB 06/1960 · age 66 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/08/2023 |
Dr Beth Mouat Individual · British · DOB 09/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/06/2023 |
Ryan John Stevenson Individual · British · DOB 01/1993 · age 33 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/06/2022 |
Susan Marie Gray Individual · British · DOB 03/1966 · age 60 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/06/2022 |
Aaron Patrick Ferguson Individual · Irish · DOB 08/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/06/2022 |
Ewen James Adamson Individual · British · DOB 04/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/06/2022 |
Robert Magnus Leask Individual · British · DOB 03/1966 · age 60 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2021 |
Ryan Charles Leith Individual · British · DOB 05/1972 · age 54 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2021 |
Emma Miller Individual · British · DOB 08/1979 · age 47 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2021 |
13 historic (ceased) PSCs
- James Thomas Nicolsonceased 08/08/2023· 75-100% shares · trust interest
- Robert Neil Riskceased 08/08/2023· 75-100% shares · trust interest
- Beth Mouatceased 01/06/2023· 75-100% shares · trust interest
- Margaret Inez Robertsceased 31/05/2025· 75-100% shares · 75-100% voting · board control
- Ms Yvette Claire Hopkinsceased 10/01/2025· 75-100% shares · 75-100% voting · board control
- Ian Ramsay Napierceased 31/05/2023· 75-100% shares · 75-100% voting · board control
- Andrew Boyson Cooperceased 31/05/2023· 75-100% shares · 75-100% voting · board control
- Kenneth Harrisonceased 31/05/2023· 75-100% shares · 75-100% voting · board control
- Alan James Ockendonceased 14/06/2022· 75-100% shares · 75-100% voting · board control
- Jolene Margaret Ann Garriockceased 14/06/2022· 75-100% shares · 75-100% voting · board control
- Trustees Of Shetland Charitable Trust From Time To Timeceased 07/12/2021· 75-100% shares · trust interest
- Shetland Charitable Trustceased 31/03/2021· 75-100% shares
- Mr Joseph James Armitageceased 27/08/2021· significant influence
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 →Similar companies
Active · Energy & utilities · ZE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FAIR ISLE ELECTRICITY COMPANY LIMITED→ SC196676 · est 1999 | — | — | — | 0 | 27y | 83 | 83y |
| SHETLAND AEROGENERATORS LIMITED→ SC136227 · est 1992 | — | — | £15.50M | — | 34y | 80 | 76y |
| HILLHEAD WIND LIMITED→ SC410373 · est 2011 | — | — | £386.4k | — | 14y | 79 | 80y |
| AM SERVICES (BRAE) LIMITED→ SC528624 · est 2016 | — | — | £263.2k | — | 10y | 78 | 67y |
| MARINE PARK LIMITED→ SC443392 · est 2013 | — | — | — | 2 | 13y | 78 | 70y |
| NOR-AERO LIMITED→ SC477276 · est 2014 | — | — | — | — | 12y | 78 | 71y |
| FOULA ELECTRICITY COMPANY LTD→ SC797161 · est 2024 | — | — | — | 0 | 2y | 76 | 88y |
| NESHION LTD→ SC737642 · est 2022 | — | — | £1.0k | — | 3y | 76 | 71y |
| GREMISTA ENERGY LIMITED→ SC756051 · est 2023 · no financials extracted | — | — | — | — | 3y | 75 | 59y |
| SCT RENEWABLES LIMITED→ SC256581 · est 2003 · no financials extracted | — | — | — | — | 22y | 74 | 33y |
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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
Incorporated1998-01-09
Jurisdictionscotland
Primary SIC35300 — SIC 35300
Registered office
Peak Load Boiler Station Marina Business Park, Gremista
Lerwick
Shetland
ZE1 0TA
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-13
Last: 2026-03-30
Officers (6 active · 32 resigned)
CLARK, Colin Cruikshank→
Activedirector · ~73y · appointed 2020-11-26
View their other companies + combined net worth →
FRASER, Neil James→
Activedirector · ~53y · appointed 2020-11-26
View their other companies + combined net worth →
LEASK, Derek Hunter→
Activedirector · ~61y · appointed 2016-06-30
View their other companies + combined net worth →
RHODES, Justin Alexander→
Activedirector · ~55y · appointed 2024-06-06
View their other companies + combined net worth →
SPENCE, William→
Activedirector · ~71y · appointed 2019-11-01
View their other companies + combined net worth →
WILLS, Thomas Peter Roberts→
Activedirector · ~40y · appointed 2024-06-06
View their other companies + combined net worth →
GODDARD, Jeffrey Paul→
Resignedsecretary · appointed 2003-05-07 · resigned 2013-07-31
STIRK, Christine Pamela→
Resignedsecretary · appointed 1998-01-09 · resigned 1998-04-02
DOWLE SMITH & RUTHERFORD→
Resignedcorporate-secretary · appointed 1998-04-02 · resigned 2003-05-07
NOMINEE SECRETARIES LTD→
Resignedcorporate-nominee-secretary · appointed 1998-01-09 · resigned 1998-01-09
ANDERSON, Robert James→
Resigneddirector · ~90y · appointed 1999-07-12 · resigned 2003-05-22
ARMITAGE, Joseph James→
Resigneddirector · ~74y · appointed 2015-11-12 · resigned 2021-08-27
BARNBROOK, John→
Resigneddirector · ~83y · appointed 1998-01-09 · resigned 1998-02-20
BLACKADDER, George Andrew→
Resigneddirector · ~79y · appointed 2012-12-01 · resigned 2016-06-03
CLELLAND, Paul James→
Resigneddirector · ~54y · appointed 2012-12-01 · resigned 2014-05-18
COLLINS, Simon Caspar→
Resigneddirector · ~62y · appointed 2016-06-30 · resigned 2018-10-25
DUNCAN, Allison George Leslie→
Resigneddirector · ~80y · appointed 2007-05-30 · resigned 2012-12-01
EASTEN, Joan Wilma→
Resigneddirector · ~80y · appointed 1998-02-20 · resigned 1999-07-12
GRANT, Wendy→
Resigneddirector · ~53y · appointed 2018-06-15 · resigned 2024-03-31
GROAT, Leonard George→
Resigneddirector · ~89y · appointed 1998-02-20 · resigned 1999-07-12
Click a director name to see their full track record across all companies.
Recent filings (187 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-14
accounts-with-accounts-type-small
accounts · AA
2025-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-small
accounts · AA
2024-07-10