CATHKIN ENERGY LIMITED
🌳Matureactive
SC264324 · ltd · incorporated 2004-03-03
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
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
80/100
Exceptional
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (60/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
12 live charges · 7 lenders · oldest 20.1y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 20.1 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (61/100)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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
21 officers (4 active, 21 linked, 13 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
30 connected companies via shared directors
90
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
5
filings
- • 2 accounts
- • 2 other
- • 1 confirmation-statement
Last 180 days
5
filings
- • 2 accounts
- • 2 other
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (84 events)Click to expand
- 2026-03-21📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-03-21📄legacyaccounts · PARENT_ACC
- 2026-03-21📄legacyother · GUARANTEE2
- 2026-03-21📄legacyother · AGREEMENT2
- 2025-04-08📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-13📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-03-13📄legacyaccounts · PARENT_ACC
- 2025-03-13📄legacyother · AGREEMENT2
- 2025-03-13📄legacyother · GUARANTEE2
- 2024-03-11📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-03-11📄legacyaccounts · PARENT_ACC
- 2024-03-11📄legacyother · GUARANTEE2
- 2024-03-11📄legacyother · AGREEMENT2
- 2023-01-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-24➕BULLARD, Michael John, Dr appointeddirector
- 2023-01-24➖SETCHELL, Matthew George resigneddirector
- 2023-01-24📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-01-24📄legacyaccounts · PARENT_ACC
- 2023-01-24📄legacyother · GUARANTEE2
- 2023-01-24📄legacyother · AGREEMENT2
- 2022-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-12➕FELLOWS, Edward William appointeddirector
- 2022-12-12➖LATHAM, Paul Stephen resigneddirector
- 2022-07-05🔓Charge satisfied #8
- 2022-07-05🔓Charge satisfied #9
- 2018-11-15➕OCTOPUS COMPANY SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2018-11-15➖LUDLOW, Sharna, Company Secretary resignedsecretary
- 2018-07-05🔓Charge satisfied #12
- 2018-07-05🔓Charge satisfied #11
- 2018-07-05🔓Charge satisfied #10
- 2018-02-19➖BANERJEE, Kamalika Ria resignedsecretary
- 2017-10-30➕BANERJEE, Kamalika Ria appointedsecretary
- 2017-08-15➕LATHAM, Paul Stephen appointeddirector
- 2016-10-06➖SENIOR, Timothy James, Dr resigneddirector
- 2016-10-06➕SETCHELL, Matthew George appointeddirector
- 2016-05-06➕LUDLOW, Sharna, Company Secretary appointedsecretary
- 2016-05-06➖WARD, Karen resignedsecretary
- 2016-02-24➕SENIOR, Timothy James, Dr appointeddirector
- 2016-02-23➖PATON, John Derek resigneddirector
- 2016-01-05➕WARD, Karen appointedsecretary
- 2015-11-26➖EVERSECRETARY LIMITED resignedcorporate-secretary
- 2015-05-12🔓Charge satisfied #5
- 2015-03-04🔒Charge registered #12Lender: U S Bank Trustees Limited
- 2015-02-10🔓Charge satisfied #7
- 2015-02-10🔓Charge satisfied #6
- 2015-02-10🔓Charge satisfied #4
- 2015-02-10🔓Charge satisfied #3
- 2015-02-05🔒Charge registered #11Lender: U.S. Bank Trustees Limited
Showing most recent 50 of 84 events
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 22 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
National Westminster Bank Public Limited Company is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
National Westminster Bank Public Limited Company
Corporate parent · holds 75-100% shares · board control
⬇
CATHKIN ENERGY LIMITED
This company · SC264324
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
National Westminster Bank Public Limited Company Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 23/07/2018 |
1 historic (ceased) PSC
- Clpe Projects 3 Limitedceased 23/07/2018· 75-100% shares · 75-100% voting · board control
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| NWH GROUP LIMITED→ SC335165 · est 2007 | £11.16M £8.04M–£14.29M | — | — | 35600 | 18y | 84 | 61y |
| DALTON GROUP LIMITED→ SC088385 · est 1984 | £6.78M £4.88M–£8.68M | — | — | 6500 | 41y | 82 | 39y |
| AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996 | £2.98M £2.14M–£3.81M | £11.23M | — | 3600 | 29y | 85 | 64y |
| ANNAT BURN HYDRO LIMITED→ SC492807 · est 2014 | £1.62M £1.17M–£2.08M | — | — | 0 | 11y | 80 | 74y |
| BENMORE ESTATE LIMITED→ SC192048 · est 1998 | — | — | £18.74M | — | 27y | 83 | 66y |
| BINN RENEWABLE ENERGY LIMITED→ SC375446 · est 2010 · no financials extracted | — | — | — | — | 16y | 83 | 81y |
| CALEDONIAN ALLOYS LIMITED→ SC162625 · est 1996 · no financials extracted | — | — | — | — | 30y | 83 | 71y |
| HOME BASICS (TWEEDDALE) COMPANY LIMITED→ SC234746 · est 2002 · no financials extracted | — | — | — | — | 23y | 83 | 79y |
| AAIRECOOL TECHNICAL SERVICES LIMITED→ SC135544 · est 1991 | — | — | — | 7 | 34y | 82 | 72y |
| ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991 | — | — | — | 100 | 34y | 82 | 68y |
| FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002 | — | — | — | 54 | 24y | 82 | 64y |
| GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009 | — | — | £753.6k | — | 17y | 82 | 59y |
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
Incorporated2004-03-03
Jurisdictionscotland
Primary SIC35110 — SIC 35110
Registered office
Pinsent Masons Llp Capital Square
58 Morrison Street
Edinburgh
Scotland
EH3 8BP
Scotland
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-02
Last: 2026-03-19
Officers (4 active · 17 resigned)
OCTOPUS COMPANY SECRETARIAL SERVICES LIMITED→
Activecorporate-secretary · appointed 2018-11-15
View their other companies + combined net worth →
BULLARD, Michael John, Dr→
Activedirector · ~60y · appointed 2023-01-24
View their other companies + combined net worth →
FELLOWS, Edward William→
Activedirector · ~49y · appointed 2022-12-12
View their other companies + combined net worth →
WILKINSON, Edwin John→
Activedirector · ~61y · appointed 2007-02-22
View their other companies + combined net worth →
BANERJEE, Kamalika Ria→
Resignedsecretary · appointed 2017-10-30 · resigned 2018-02-19
LUDLOW, Sharna, Company Secretary→
Resignedsecretary · appointed 2016-05-06 · resigned 2018-11-15
PENTECOST, Alexandra Helen→
Resignedsecretary · appointed 2004-03-03 · resigned 2007-04-26
WARD, Karen→
Resignedsecretary · appointed 2016-01-05 · resigned 2016-05-06
EVERSECRETARY LIMITED→
Resignedcorporate-secretary · appointed 2007-04-26 · resigned 2015-11-26
EVERSECRETARY LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-03-03 · resigned 2004-03-03
HOLMES, Randall Duane→
Resigneddirector · ~79y · appointed 2004-03-03 · resigned 2007-02-22
LATHAM, Paul Stephen→
Resigneddirector · ~70y · appointed 2017-08-15 · resigned 2022-12-12
PATON, John Derek→
Resigneddirector · ~71y · appointed 2012-07-10 · resigned 2016-02-23
SENIOR, Timothy James, Dr→
Resigneddirector · ~55y · appointed 2016-02-24 · resigned 2016-10-06
SETCHELL, Matthew George→
Resigneddirector · ~49y · appointed 2016-10-06 · resigned 2023-01-24
SWANSON, Robert Ernest→
Resigneddirector · ~79y · appointed 2004-03-03 · resigned 2007-02-22
TILSTONE, David Paul→
Resigneddirector · ~57y · appointed 2007-02-22 · resigned 2007-05-17
WEST, Andrew Thomas→
Resigneddirector · ~69y · appointed 2004-03-03 · resigned 2007-02-22
WILSON, Douglas Ralph→
Resigneddirector · ~67y · appointed 2004-03-03 · resigned 2007-02-22
WYNDHAM, Harry Hugh Patrick→
Resigneddirector · ~69y · appointed 2004-03-03 · resigned 2012-10-31
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
0
Outstanding
0
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | U S Bank Trustees U S Bank Trustees Limited | A registered charge | — | 04/03/2015 | 05/07/2018 | |
| satisfied | U.S. Bank Trustees U.S. Bank Trustees Limited | A registered charge | 1 property | 05/02/2015 | 05/07/2018 | |
| satisfied | British Gas Trading | A registered charge | — | 05/02/2015 | 05/07/2022 | |
| satisfied | U S Bank Trustees U S Bank Trustees Limited | A registered charge | — | 04/02/2015 | 05/07/2018 | |
| satisfied | British Gas Trading British Gas Trading Limited | A registered charge | — | 04/02/2015 | 05/07/2022 | |
| satisfied | Fortis Bank | Assignation in security | 1 property | 12/09/2011 | 10/02/2015 | |
| satisfied | Fortis Bank | Composite guarantee and debentures | 1 property | 21/01/2010 | 12/05/2015 | |
| satisfied | Fortis Bank | Bond & floating charge | 1 property | 05/01/2010 | 10/02/2015 | |
| satisfied | Fortis Bank S.A./N.V. | Floating charge | 1 property | 22/02/2007 | 10/02/2015 | |
| satisfied | Fortis Bank S.A./N.V. | Bond & floating charge | 1 property | 22/02/2007 | 10/02/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 04/05/2006 | 05/03/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 04/05/2006 | 05/03/2007 |
Recent filings (159 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-03-21
legacy
accounts · PARENT_ACC
2026-03-21
legacy
other · GUARANTEE2
2026-03-21
legacy
other · AGREEMENT2
2026-03-21
change-person-director-company-with-change-date
officers · CH01
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-03-13
legacy
accounts · PARENT_ACC
2025-03-13
legacy
other · AGREEMENT2
2025-03-13
legacy
other · GUARANTEE2
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-03-11
legacy
accounts · PARENT_ACC
2024-03-11
legacy
other · GUARANTEE2
2024-03-11