GLENDEVON ENERGY COMPANY LTD.

🌳Matureactive

SC225408 · ltd · incorporated 2001-11-15

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Why now

Window closing · medium confidence

Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.

· Deal-killer verdict: workable → clean

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 20.5y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Deal-killer verdict: workable → clean

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 Feb 2026

Net worth

—

book net assets

Opportunity

75/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 33190

Sector: Manufacturing

ALSO REGISTERED FOR

43220Plumbing, heat and air-conditioning installation
68209Other letting and operating of own or leased real estate
96090Other service activities n.e.c.

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 20.5y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 20.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (85/100)

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

Company profile

address, 4 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

11 officers (2 active, 11 linked, 7 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-02-28	2025-02-28	2024-02-29
Cash	—	£108.4k	£108.7k
Net assets	—	£196.1k	£201.4k
Average employees	1100	—	—

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

filings

Last 90 days

filings

• 1 accounts
• 1 mortgage

Last 180 days

filings

• 1 accounts
• 1 mortgage
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-05-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
🔒
Charge registered #2
Lender: Shawbrook Bank Limited
2025-11-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-27
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-22
➖
BYATT, Andrew Lorne Campbell resigned
secretary
2025-10-22
➖
BYATT, Andrew Lorne Campbell resigned
director
2025-08-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-07
📄
change-person-director-company-with-change-date
officers · CH01
2019-09-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-09
➕
WALLACE, Katherine Ann appointed
director
2018-01-09
➖
RITCHIE, George Leslie William resigned
director
2016-04-12
➖
ADAMS, James Robert John resigned
director
2011-04-05
🔓
Charge satisfied #1
2010-06-03
➖
SMITH, Robert Sean resigned
director
2008-01-15
➕
ADAMS, James Robert John appointed
director
2008-01-15
➕
RITCHIE, George Leslie William appointed
director
2006-07-04
➖
GAFFNEY, Paul resigned
director
2006-01-12
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2005-01-18
➕
GAFFNEY, Paul appointed
director
2001-12-21
➕
BYATT, Andrew Lorne Campbell appointed
secretary
2001-12-21
➖
WALLACE, Hugh Robert resigned
secretary
2001-11-15
🏢
Company incorporated
As GLENDEVON ENERGY COMPANY LTD.
2001-11-15
➕
WALLACE, Hugh Robert appointed
director
2001-11-15
➕
WALLACE, Hugh Robert appointed
secretary
2001-11-15
➕
FIRST SCOTTISH SECRETARIES LIMITED appointed
corporate-nominee-secretary
2001-11-15
➖
FIRST SCOTTISH SECRETARIES LIMITED resigned
corporate-nominee-secretary
2001-11-15
➕
BYATT, Andrew Lorne Campbell appointed
director
2001-11-15
➕
SMITH, Robert Sean appointed
director
2001-11-15
➕
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
corporate-nominee-director
2001-11-15
➖
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

76/100

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.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100

Strong succession signal

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

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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 ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BYATT, Andrew Lorne Campbell resigned 2025-10-22; BYATT, Andrew Lorne Campbell resigned 2025-10-22

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Katherine Ann Wallace Individual · British · DOB 08/1973 · age 53	25–50%	—	25-50% shares	31/03/2023
Mr Hugh Robert Wallace Individual · British · DOB 12/1971 · age 55	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control · firm interest	06/04/2016

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 →

Similar companies

Active · Manufacturing · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004	—	—	—	42	21y	85	66y
FCE HYDRAULICS LTD→ SC191289 · est 1998	—	—	£655.5k	—	27y	83	68y
PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted	—	—	—	—	21y	83	60y
STONE MARINE SERVICES LIMITED→ SC202418 · est 1999	—	—	£2.02M	—	26y	83	75y
TEN 47 LIMITED→ SC216186 · est 2001	—	—	£4.37M	—	25y	83	61y
AXYZ ENGINEERING LIMITED→ SC222810 · est 2001	—	—	£552.4k	—	24y	82	65y
BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted	—	—	—	—	82y	82	94y
CONTRACT SOLUTIONS (SCOTLAND) LIMITED→ SC305000 · est 2006 · no financials extracted	—	—	—	—	19y	82	75y
COOLFORCE LIMITED→ SC204027 · est 2000	—	—	—	0	26y	82	61y
DAVID L DOUGLAS LIMITED→ SC385357 · est 2010	—	—	—	1700	15y	82	70y
EDEN ILLUMINATION LTD→ SC365181 · est 2009	—	—	£38.6k	—	16y	82	69y
G.S. BROWN (PRECISION ENGINEERS) LIMITED→ SC137707 · est 1992	—	—	—	2000	34y	82	73y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2001-11-15

Jurisdictionscotland

Primary SIC33190 — SIC 33190

Registered office

Tullibole Mill Farm

Crook Of Devon

Kinross

Kinross Shire

KY13 0UL

Filing status

Accounts

Next due: 2027-11-30

Last made up to: 2026-02-28

Confirmation statement

Next due: 2027-04-15

Last: 2026-04-01

Officers (2 active · 9 resigned)

WALLACE, Hugh Robert→

director · ~55y · appointed 2001-11-15

View their other companies + combined net worth →

Active

WALLACE, Katherine Ann→

director · ~53y · appointed 2018-01-09

View their other companies + combined net worth →

Active

BYATT, Andrew Lorne Campbell→

secretary · appointed 2001-12-21 · resigned 2025-10-22

Resigned

WALLACE, Hugh Robert→

secretary · appointed 2001-11-15 · resigned 2001-12-21

Resigned

FIRST SCOTTISH SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2001-11-15 · resigned 2001-11-15

Resigned

ADAMS, James Robert John→

director · ~54y · appointed 2008-01-15 · resigned 2016-04-12

Resigned

BYATT, Andrew Lorne Campbell→

director · ~71y · appointed 2001-11-15 · resigned 2025-10-22

Resigned

GAFFNEY, Paul→

director · ~70y · appointed 2005-01-18 · resigned 2006-07-04

Resigned

RITCHIE, George Leslie William→

director · ~85y · appointed 2008-01-15 · resigned 2018-01-09

Resigned

SMITH, Robert Sean→

director · ~57y · appointed 2001-11-15 · resigned 2010-06-03

Resigned

FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→

corporate-nominee-director · appointed 2001-11-15 · resigned 2001-11-15

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	14/04/2026	—
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	12/01/2006	05/04/2011

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-05-12

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-04-23

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-01

change-person-director-company-with-change-date

officers · CH01

2025-11-17

confirmation-statement-with-updates

confirmation-statement · CS01

2025-11-17

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2025-11-17

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-11-17

termination-director-company-with-name-termination-date

officers · TM01

2025-10-27

termination-secretary-company-with-name-termination-date

officers · TM02

2025-10-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-08-18

confirmation-statement-with-updates

confirmation-statement · CS01

2024-11-12

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-11-12

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-11-16

confirmation-statement-with-updates

confirmation-statement · CS01

2023-11-08

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-11-25