NORCO ENERGY LIMITED

💤Zombieactive
SC224324 · ltd · incorporated 2001-10-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Sept 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
11 officers (2 active, 11 linked, 5 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£1£1£1Sept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£1£1
Net assets£1£1
Average employees0

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-28
    📄
    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. 2021-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-08-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-08-19
    SHARP, Ryan appointed
    director
  10. 2021-08-19
    SHARP, Ian Robert resigned
    director
  11. 2021-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-06-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2018-07-27
    TOMBLESON, Walter resigned
    director
  16. 2018-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-06-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2016-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2013-02-01
    BLACKADDERS LLP appointed
    corporate-secretary
  20. 2013-01-31
    STRONACHS SECRETARIES LIMITED resigned
    corporate-secretary
  21. 2009-12-06
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  22. 2009-12-06
    PARK, Stephen William resigned
    director
  23. 2009-12-06
    SHARP, Ian Robert appointed
    director
  24. 2009-12-06
    TOMBLESON, Walter appointed
    director
  25. 2009-11-18
    MACKAY, Claire resigned
    secretary
  26. 2006-05-22
    MACKAY, Claire appointed
    secretary
  27. 2006-05-22
    NORCO GROUP LIMITED resigned
    corporate-secretary
  28. 2005-09-30
    NORCO GROUP LIMITED appointed
    corporate-secretary
  29. 2005-09-30
    NPM INVESTMENTS LIMITED resigned
    corporate-secretary
  30. 2004-04-29
    NPM INVESTMENTS LIMITED appointed
    corporate-secretary
  31. 2004-04-29
    STRONACHS resigned
    corporate-nominee-secretary
  32. 2001-10-24
    PARK, Stephen William appointed
    director
  33. 2001-10-24
    RENNIE, David Alan resigned
    nominee-director
  34. 2001-10-17
    🏢
    Company incorporated
    As NORCO ENERGY LIMITED
  35. 2001-10-17
    STRONACHS appointed
    corporate-nominee-secretary
  36. 2001-10-17
    RENNIE, David Alan appointed
    nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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 ENERGY LIMITED
This company · SC224324

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
75100%
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
Incorporated2001-10-17
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: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-31
Last: 2025-10-17

Officers (2 active · 9 resigned)

BLACKADDERS LLP
corporate-secretary · appointed 2013-02-01
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 2006-05-22 · resigned 2009-11-18
Resigned
NORCO GROUP LIMITED
corporate-secretary · appointed 2005-09-30 · resigned 2006-05-22
Resigned
NPM INVESTMENTS LIMITED
corporate-secretary · appointed 2004-04-29 · resigned 2005-09-30
Resigned
STRONACHS
corporate-nominee-secretary · appointed 2001-10-17 · resigned 2004-04-29
Resigned
STRONACHS SECRETARIES LIMITED
corporate-secretary · appointed 2009-12-06 · resigned 2013-01-31
Resigned
PARK, Stephen William
director · ~63y · appointed 2001-10-24 · resigned 2009-12-06
Resigned
RENNIE, David Alan
nominee-director · ~73y · appointed 2001-10-17 · resigned 2001-10-24
Resigned
SHARP, Ian Robert
director · ~76y · appointed 2009-12-06 · resigned 2021-08-19
Resigned
TOMBLESON, Walter
director · ~72y · appointed 2009-12-06 · resigned 2018-07-27
Resigned

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

Recent filings (80 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-02
termination-director-company-with-name-termination-date
officers · TM01
2021-08-31
appoint-person-director-company-with-name-date
officers · AP01
2021-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-20