QMULUS LIMITED
⚰️Wound downliquidation
SC223881 · ltd · incorporated 2001-10-03
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£395.3k
book net assets
Opportunity
55/100
Worth a look
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Special-situation opportunityAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 55/100 (worth a look), bankability 50/100. Same-surname younger director in place — likely family handover, not open to sale. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100).
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, 1 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
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £395,305
Key financials
2 years extracted from filed iXBRL accountsCash
£386k
Net Worth
£395k
↑ 27% YoY
Current Assets
£460k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £399.9k | £350.6k |
| Current assets | £459.6k | £397.3k |
| Cash | £386.0k | — |
| Debtors | £73.6k | — |
| Net assets | £395.3k | £310.6k |
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
1
filing
- • 1 resolution
Last 180 days
2
filings
- • 1 resolution
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-02-13📄resolutionresolution · RESOLUTIONS
- 2025-09-30➖NICOLL, Ian Maxwell resigneddirector
- 2025-09-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-02-19➕NICOLL, Amanda Frances appointeddirector
- 2025-02-19➕NICOLL, Emily Catherine appointeddirector
- 2025-02-19➕NICOLL, Magnus Ronald appointeddirector
- 2025-02-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2001-10-09➕NICOLL, Amanda Frances appointedsecretary
- 2001-10-09➖PF & S (SECRETARIES) LIMITED resignedcorporate-nominee-secretary
- 2001-10-09➕NICOLL, Ian Maxwell appointeddirector
- 2001-10-09➖PF & S (DIRECTORS) LIMITED resignedcorporate-nominee-director
- 2001-10-03🏢Company incorporatedAs QMULUS LIMITED
- 2001-10-03➕PF & S (SECRETARIES) LIMITED appointedcorporate-nominee-secretary
- 2001-10-03➕PF & S (DIRECTORS) LIMITED appointedcorporate-nominee-director
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Red flags
1 high ·Company in liquidation
highCompany is actively being wound up. Not a going concern.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Amanda Nicoll Individual · English · DOB 04/1963 · age 63 | 75–100% | 25–50% | 75-100% shares · 75-100% voting | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Ian Maxwell Nicollceased 30/09/2024· 25-50% shares
- Mr Ian Nicollceased 30/09/2021· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| ASSYNT HYDRO LIMITED→ SC138431 · est 1992 | — | — | — | 300 | 33y | 82 | 66y |
| HIGH WATER (SCOTLAND) LTD.→ SC242191 · est 2003 | — | — | £2.08M | — | 23y | 82 | 61y |
| FINDHORN WIND PARK LIMITED→ SC231587 · est 2002 | — | — | — | 0 | 23y | 81 | 77y |
| CANAIRD RIVER COMPANY LIMITED→ SC442276 · est 2013 | — | — | £4.54M | — | 13y | 80 | 78y |
| COMMUNITY ENERGY SCOTLAND TRADING LIMITED→ SC349233 · est 2008 | — | — | — | 0 | 17y | 80 | 70y |
| OFFSHORE MARINE ELECTRONIC/ELECTRICAL SERVICES LTD.→ SC282680 · est 2005 | — | — | £14.7k | — | 21y | 80 | 71y |
| ACHTERNEED HYDRO SCHEME LTD.→ SC471853 · est 2014 | — | — | £57.6k | — | 12y | 79 | 60y |
| ALFBURN HYDRO LIMITED→ SC443456 · est 2013 | — | — | £979.0k | — | 13y | 79 | 70y |
| BIOMATRIX WATER SOLUTIONS LIMITED→ SC427465 · est 2012 · no financials extracted | — | — | — | — | 13y | 79 | 65y |
| GLENGLASS HYDRO LIMITED→ SC163261 · est 1996 | — | — | — | 200 | 30y | 79 | 71y |
| CLEUGHEAD LIMITED→ SC415050 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Statusliquidation
Typeltd
Incorporated2001-10-03
Jurisdictionscotland
Primary SIC35110 — SIC 35110
Registered office
8 Crown Drive
Inverness
Inverness Shire
IV2 3NL
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-02
Last: 2025-11-18
Officers (4 active · 3 resigned)
NICOLL, Amanda Frances→
Activesecretary · appointed 2001-10-09
View their other companies + combined net worth →
NICOLL, Amanda Frances→
Activedirector · ~63y · appointed 2025-02-19
View their other companies + combined net worth →
NICOLL, Emily Catherine→
Activedirector · ~34y · appointed 2025-02-19
View their other companies + combined net worth →
NICOLL, Magnus Ronald→
Activedirector · ~31y · appointed 2025-02-19
View their other companies + combined net worth →
PF & S (SECRETARIES) LIMITED→
Resignedcorporate-nominee-secretary · appointed 2001-10-03 · resigned 2001-10-09
NICOLL, Ian Maxwell→
Resigneddirector · ~63y · appointed 2001-10-09 · resigned 2025-09-30
PF & S (DIRECTORS) LIMITED→
Resignedcorporate-nominee-director · appointed 2001-10-03 · resigned 2001-10-09
Click a director name to see their full track record across all companies.
Recent filings (70 total)
resolution
resolution · RESOLUTIONS
2026-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-30
termination-director-company-with-name-termination-date
officers · TM01
2025-09-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-26
appoint-person-director-company-with-name-date
officers · AP01
2025-02-19
appoint-person-director-company-with-name-date
officers · AP01
2025-02-19
appoint-person-director-company-with-name-date
officers · AP01
2025-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30