ITHACA ENERGY (UK) LIMITED
🌳Matureactive
SC272009 · ltd · incorporated 2004-08-16
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 57/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 17 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
38 live charges · 17 lenders · oldest 18.1y
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 18.1 years old — likely at or near maturity.
- · 17 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
38 charges (38/38 with lender, 38/38 with type)
90
Directors & officers
25 officers (5 active, 25 linked, 20 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
25 connected companies via shared directors
90
Filing history
188 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (129 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-02🔒Charge registered #38Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2025-08-14🔒Charge registered #37Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2025-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-08🔓Charge satisfied #31
- 2025-07-08🔓Charge satisfied #24
- 2025-02-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-02-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-24📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2024-10-23🔒Charge registered #36Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2024-10-23🔒Charge registered #35Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2024-10-23🔒Charge registered #34Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2024-10-23🔒Charge registered #33Lender: Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2024-10-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-18📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-03➕VASQUES, Luciano Maria appointeddirector
- 2024-09-06📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-09-06📄legacycapital · SH20
- 2024-09-06⚠️legacyinsolvency · CAP-SS
- 2024-09-06📄resolutionresolution · RESOLUTIONS
- 2024-09-06📄capital-allotment-sharescapital · SH01
- 2024-09-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-01➕FRIEDMAN, Yaniv appointeddirector
- 2024-06-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-27➕MCATEER, Julie Elizabeth appointeddirector
- 2024-05-27➖MYERSON, Gilad resigneddirector
- 2024-01-04➖BRUCE, Alan Alexander resigneddirector
- 2023-02-07➕LEWIS, Iain Clifford Scobbie appointeddirector
- 2022-09-01➖CRAWFORD, David Andrew resigneddirector
- 2022-05-05🔒Charge registered #32Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-09-20➕BRUCE, Alan Alexander appointeddirector
- 2021-09-14➖DUNNETT, Bill resigneddirector
- 2021-07-30🔒Charge registered #31Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-07-30🔒Charge registered #30Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-07-30🔒Charge registered #29Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-07-30🔒Charge registered #28Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-07-30🔒Charge registered #27Lender: Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties
- 2021-06-14➕MYERSON, Gilad appointeddirector
- 2021-02-01➕CRAWFORD, David Andrew appointeddirector
- 2021-01-31➖FORBES, Graham Andrew resigneddirector
- 2020-08-24➕DUNNETT, Bill appointeddirector
Showing most recent 50 of 129 events
Owner dependency
48/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high · 1 med · 1 low1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-09-06: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
16 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Ithaca Energy Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ithaca Energy Plc
Corporate parent · holds 75-100% shares · board control
⬇
ITHACA ENERGY (UK) LIMITED
This company · SC272009
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 |
|---|---|---|---|---|
Ithaca Energy Plc Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 03/10/2024 |
2 historic (ceased) PSCs
- Delek Group Ltd.ceased 03/10/2024· 75-100% shares · 75-100% voting
- Ithaca Energy, Inc.ceased 21/04/2017· 75-100% shares · 75-100% voting · firm interest
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
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|---|---|---|---|---|---|---|---|
| HIGHLANDS AND ISLANDS RENEWABLES LTD→ SC877464 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| HVAC & REFRIGERATION ENGINEERING LIMITED→ SC199288 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| HYDROBOND ENGINEERING LIMITED→ SC080870 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| I.S.S. (ABERDEEN) LIMITED→ SC268422 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| INNOVO ENGINEERING AND CONSTRUCTION LIMITED→ SC434959 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| INTEROCEAN MARINE SERVICES LIMITED→ SC330887 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| IPT GLOBAL UK LIMITED→ SC843866 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ISOL8 LIMITED→ SC565933 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ITHACA MINERALS (NORTH SEA) LIMITED→ SC274666 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| IWC INTERVENTIONS LIMITED→ SC322792 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2004-08-16
Jurisdictionscotland
Primary SIC06100 — SIC 06100
Registered office
13 Queen's Road
Aberdeen
AB15 4YL
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-30
Last: 2025-08-16
Officers (5 active · 20 resigned)
PINSENT MASONS SECRETARIAL LIMITED→
Activecorporate-secretary · appointed 2012-08-16
View their other companies + combined net worth →
FRIEDMAN, Yaniv→
Activedirector · ~52y · appointed 2024-07-01
View their other companies + combined net worth →
LEWIS, Iain Clifford Scobbie→
Activedirector · ~49y · appointed 2023-02-07
View their other companies + combined net worth →
MCATEER, Julie Elizabeth→
Activedirector · ~57y · appointed 2024-05-27
View their other companies + combined net worth →
VASQUES, Luciano Maria→
Activedirector · ~63y · appointed 2024-10-03
View their other companies + combined net worth →
GUNN, Bradley→
Resignedsecretary · appointed 2004-12-14 · resigned 2005-12-09
LEDINGHAM CHALMERS→
Resignedcorporate-nominee-secretary · appointed 2004-08-16 · resigned 2006-03-31
MD SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-04-01 · resigned 2012-08-16
BERGER, Alexander Ferdinand Diederik→
Resigneddirector · ~60y · appointed 2008-10-31 · resigned 2009-08-27
BRUCE, Alan Alexander→
Resigneddirector · ~44y · appointed 2021-09-20 · resigned 2024-01-04
CARSON, Neil Ashley→
Resigneddirector · ~67y · appointed 2004-10-13 · resigned 2007-08-16
COPELAND, Donald→
Resigneddirector · ~80y · appointed 2004-10-13 · resigned 2005-04-20
CRAWFORD, David Andrew→
Resigneddirector · ~63y · appointed 2021-02-01 · resigned 2022-09-01
DUNNETT, Bill→
Resigneddirector · ~64y · appointed 2020-08-24 · resigned 2021-09-14
FORBES, Graham Andrew→
Resigneddirector · ~56y · appointed 2010-05-03 · resigned 2021-01-31
GUNN, Bradley→
Resigneddirector · ~57y · appointed 2004-12-14 · resigned 2008-01-24
MCKENDRICK, Iain Charles→
Resigneddirector · ~62y · appointed 2008-12-01 · resigned 2013-10-01
MYERSON, Gilad→
Resigneddirector · ~50y · appointed 2021-06-14 · resigned 2024-05-27
PAYNE, Lawrence→
Resigneddirector · ~84y · appointed 2004-10-13 · resigned 2011-02-22
SUMMERS, John Patrick→
Resigneddirector · ~90y · appointed 2005-05-20 · resigned 2014-06-17
Click a director name to see their full track record across all companies.
Mortgages & charges
38
Total charges
16
Outstanding
4
Active lenders
Status:Lender:38 of 38 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 02/09/2025 | — | |
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 14/08/2025 | — | |
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 23/10/2024 | — | |
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 23/10/2024 | — | |
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 23/10/2024 | — | |
| outstanding | Dnb Bank Asa, London Branch as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 23/10/2024 | — | |
| outstanding | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 05/05/2022 | — | |
| satisfied | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 30/07/2021 | 08/07/2025 | |
| outstanding | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 30/07/2021 | — | |
| outstanding | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 30/07/2021 | — | |
| outstanding | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 30/07/2021 | — | |
| outstanding | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 30/07/2021 | — | |
| outstanding | Bnp Paribas, as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 21/11/2019 | — | |
| outstanding | Bnp Paribas, as Security Agent | A registered charge | — | 04/11/2019 | — | |
| satisfied | Bnp Paribas, as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 04/11/2019 | 08/07/2025 | |
| outstanding | Bnp Paribas, as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 04/11/2019 | — | |
| outstanding | Bnp Paribas, as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 04/11/2019 | — | |
| outstanding | Bnp Paribas, as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 04/11/2019 | — | |
| satisfied | Bnp Paribas Acting as Security Agent and Trustee for Itself and Each of the Other Secured Parties | A registered charge | — | 15/01/2019 | 13/11/2019 | |
| satisfied | Bnp Paribas as Security Agent and Trustee for Itself and Each of the Other Secured Parties (As Defined in the Charge) | A registered charge | — | 16/10/2018 | 13/11/2019 | |
| satisfied | Bnp Paribas (As Security Agent and Account Holder) | A registered charge | — | 16/10/2018 | 13/11/2019 | |
| satisfied | Bnp Paribas (As Senior Agent and Security Trustee) | A registered charge | — | 16/10/2018 | 13/11/2019 | |
| satisfied | Bnp Paribas (As Facility Agent and Security Trustee) | A registered charge | — | 16/10/2018 | 05/11/2018 | |
| satisfied | Bnp Paribas (As Security Trustee and Senior Agent) | A registered charge | — | 16/10/2018 | 13/11/2019 | |
| satisfied | Bnp Paribas | A registered charge | — | 29/11/2017 | 13/11/2019 | |
| satisfied | Bnp Paribas as Agent and Trustee for Itself and Each of the Other Finance Parties | A registered charge | 1 property | 11/10/2013 | 13/11/2019 | |
| satisfied | Bnp Paribas as Security Agent and Account Holder | A registered charge | 1 property | 11/10/2013 | 13/11/2019 | |
| satisfied | Bnp Paribas as Security Trustee | A registered charge | 1 property | 11/10/2013 | 13/11/2019 | |
| satisfied | Bnp Paribas as Security Trustee | A registered charge | 1 property | 11/10/2013 | 13/11/2019 | |
| satisfied | Bnp Paribas | Charge over deposits | 1 property | 10/10/2012 | 13/11/2019 | |
| satisfied | Bnp Paribas | French law bank account pledge agreement | 1 property | 10/10/2012 | 13/11/2019 | |
| satisfied | Bnp Paribas | Shares pledge | 1 property | 10/10/2012 | 23/10/2013 | |
| satisfied | Bnp Paribas | Security assignment | 1 property | 10/10/2012 | 13/11/2019 | |
| satisfied | Bnp Paribas | Bond & floating charge | 1 property | 10/10/2012 | 13/11/2019 | |
| satisfied | Petrofac Gsa Petrofac Gsa Limited | Floating charge | 1 property | 03/05/2012 | 30/09/2017 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 12/07/2010 | 16/10/2012 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Debenture | 1 property | 04/04/2008 | 03/08/2009 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/03/2008 | 10/08/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (188 total)
accounts-with-accounts-type-full
accounts · AA
2025-12-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-19
change-person-director-company-with-change-date
officers · CH01
2025-08-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-31
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-10-24
appoint-person-director-company-with-name-date
officers · AP01
2024-10-18