BRIGHT GREEN HYDROGEN LTD

🌳Matureactive

SC313667 · private-limited-guarant-nsc · incorporated 2006-12-19

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.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£54.8k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other research and experimental development on natural sciences and engineering

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -60% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 17.8y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 17.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

16 officers (5 active, 16 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

9 connected companies via shared directors

Filing history

92 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £54,766

Net assets shrinking

Down £71,036 YoY

Cash draining

Cash down 60% YoY

Cash YoY

-60%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£57k

↓ 60% YoY

Net Worth

£55k

↓ 56% YoY

Current Assets

£132k

↓ 44% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£54.8k	£125.8k
Current assets	£131.6k	£234.2k
Cash	£57.2k	£142.8k
Debtors	£74.4k	£91.5k
Net assets	£54.8k	£125.8k

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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 4 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-18
➖
RITCHIE, Karen Joy resigned
director
2026-01-28
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-27
➕
BARBOUR, Keith Mcdonald, Mr. appointed
director
2026-01-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-26
➖
BARBOUR, Keith resigned
director
2025-10-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-10
📄
memorandum-articles
incorporation · MA
2023-11-10
📄
resolution
resolution · RESOLUTIONS
2023-10-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-03
➕
MOUAWAD, Raghid, Mr. appointed
secretary
2023-02-03
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-10-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-03-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-04
➖
SCOBBIE, Hazel Eileen resigned
secretary
2022-03-04
➕
RITCHIE, Karen Joy appointed
director
2021-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-05-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-05-10
➖
JOHNSTON, Arthur resigned
director
2021-05-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-09
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2021-03-31
➖
WALKER, George resigned
director
2019-05-01
➕
HOGG, David Forbes appointed
director
2019-04-03
🔓
Charge satisfied #1
2017-04-01
➕
BARBOUR, Keith appointed
director
2016-12-14
➕
WITNEY, Richard Lewis appointed
director
2016-09-26
➖
BENNETT, Glen Duncan resigned
director
2015-03-16
➕
WALKER, George appointed
director
2014-07-31
➕
SCOBBIE, Hazel Eileen appointed
secretary
2014-07-31
➖
YOUNG, Mary Johnstone resigned
secretary
2012-10-30
➕
YOUNG, Mary Johnstone appointed
secretary
2012-10-30
➖
MURRAY, Gregor Cumming resigned
director
2011-05-20
➖
KING, Marion Agnes resigned
secretary
2011-02-01
➕
BENNETT, Glen Duncan appointed
director
2011-01-17
➖
MITCHELL, Derek Gerrard Gordon resigned
director
2010-02-11
🔒
Charge registered #5
Lender: Scottish Enterprise
2010-01-22
➕
ARCHIBALD, George appointed
director
2010-01-15
➕
JOHNSTON, Arthur appointed
director
2009-11-24
🔒
Charge registered #4
Lender: Scottish Enterprise
2009-10-27
🔒
Charge registered #3
Lender: Scottish Enterprise
2009-09-17
➖
BURT, Stephen Mark resigned
director
2008-07-11
🔒
Charge registered #2
Lender: Scottish Enterprise
2008-07-11
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2008-05-26
➕
MITCHELL, Derek Gerrard Gordon appointed
director

Showing most recent 50 of 54 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 16 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

2 director resignations in last 12 months

medium

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

Evidence: BARBOUR, Keith resigned 2026-01-26; RITCHIE, Karen Joy resigned 2026-04-18

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

The Business Partnership Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

The Business Partnership Ltd

Corporate parent

⬇

BRIGHT GREEN HYDROGEN LTD

This company · SC313667

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
The Business Partnership Ltd Corporate entity	—	—	sig. influencesignificant influence	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 →

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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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated2006-12-19

Jurisdictionscotland

Primary SIC72190 — Other research and experimental development on natural sciences and engineering

Registered office

The Fisherrow Centre ,

South Street

Musselburgh

EH21 6AT

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-13

Last: 2025-11-29