GREENSPAN ELECTRIC CAIRNMORE LIMITED
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -79% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 16.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 16.5 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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 | £571.6k | £776.6k |
| Current assets | £882.0k | £984.6k |
| Cash | £34.3k | £165.7k |
| Debtors | £847.8k | £818.9k |
| Net assets | £571.6k | £776.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (24 events)Click to expand
- 2025-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-03📄accounts-with-accounts-type-smallaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-smallaccounts · AA
- 2018-01-07📄accounts-with-accounts-type-smallaccounts · AA
- 2017-01-09📄accounts-with-accounts-type-smallaccounts · AA
- 2016-04-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-31📄accounts-with-accounts-type-smallaccounts · AA
- 2015-03-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-10-27➖BURNETT & REID LLP resignedcorporate-secretary
- 2014-10-27📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2012-10-01➕BURNETT & REID LLP appointedcorporate-secretary
- 2012-09-30➖BURNETT & REID resignedcorporate-secretary
- 2009-11-04🔒Charge registered #1Lender: Triodos Bank Nv
- 2009-10-30🔒Charge registered #2Lender: Triodos Bank N.V.
- 2009-03-30🏢Company incorporatedAs GREENSPAN ELECTRIC CAIRNMORE LIMITED
- 2009-03-30➕MACKIE, Claire Anne appointeddirector
- 2009-03-30➕MACKIE, Grant Stephen appointeddirector
- 2009-03-30➕BURNETT & REID appointedcorporate-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 17 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
cleanGroup structure
Greenspan Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Greenspan Energy Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mr Grant Stephen Mackie Individual · British · DOB 02/1967 · age 59 | — | — | board controlboard control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Triodos Bank Nv | Standard security | 1 property | 04/11/2009 | — | |
| outstanding | Triodos Bank N.V. | Bond & floating charge | 1 property | 30/10/2009 | — |