GREENSPAN ELECTRIC BALQUHINDACHY LIMITED

🌳Matureactive

SC357454 · ltd · incorporated 2009-03-30

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.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 16.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£753.6k

book net assets

Opportunity

82/100

Exceptional

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

What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · oldest 16.9y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 16.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

4 officers (2 active, 4 linked, 2 with DOB)

Ownership & PSC

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

Director network

13 connected companies via shared directors

Filing history

47 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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 £753,638

Net assets shrinking

Down £168,178 YoY

Cash YoY

+75%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£51k

↑ 75% YoY

Net Worth

£754k

↓ 18% YoY

Current Assets

£1.2m

↓ 4.5% 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	£753.6k	£921.8k
Current assets	£1.17M	£1.22M
Cash	£50.8k	£29.1k
Debtors	£1.12M	£1.19M
Net assets	£753.6k	£921.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-small
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-small
accounts · AA
2018-01-07
📄
accounts-with-accounts-type-small
accounts · AA
2017-01-09
📄
accounts-with-accounts-type-small
accounts · AA
2016-04-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-31
📄
accounts-with-accounts-type-small
accounts · AA
2015-12-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-12-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-11-26
🔒
Charge registered #4
Lender: Triodos Bank N.V.
2015-11-26
🔒
Charge registered #3
Lender: Triodos Bank N.V.
2014-10-27
➖
BURNETT & REID LLP resigned
corporate-secretary
2012-10-01
➕
BURNETT & REID LLP appointed
corporate-secretary
2012-09-30
➖
BURNETT & REID resigned
corporate-secretary
2009-07-16
🔒
Charge registered #2
Lender: Triodos Bank N.V.
2009-06-19
🔒
Charge registered #1
Lender: Triodos Bank N.V.
2009-03-30
🏢
Company incorporated
As GREENSPAN ELECTRIC BALQUHINDACHY LIMITED
2009-03-30
➕
MACKIE, Claire Anne appointed
director
2009-03-30
➕
MACKIE, Grant Stephen appointed
director
2009-03-30
➕
BURNETT & REID appointed
corporate-secretary

Owner dependency

84/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 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

69/100

Strong succession signal

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

SIGNALS

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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Greenspan Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Greenspan Energy Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

GREENSPAN ELECTRIC BALQUHINDACHY LIMITED

This company · SC357454

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.

🔒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
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	—	—	—	700	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 CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y
GREENSPAN ELECTRIC ST. FERGUS LIMITED→ SC366660 · est 2009	—	—	£228.8k	—	16y	82	59y

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

🔒Tailored diligence questions

7 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

Incorporated2009-03-30

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

6 Castle Street

Edinburgh

EH2 3AT

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-08

Last: 2026-02-22

Officers (2 active · 2 resigned)

MACKIE, Claire Anne→

director · ~55y · appointed 2009-03-30

View their other companies + combined net worth →

Active

MACKIE, Grant Stephen→

director · ~59y · appointed 2009-03-30

View their other companies + combined net worth →

Active

BURNETT & REID→

corporate-secretary · appointed 2009-03-30 · resigned 2012-09-30

Resigned

BURNETT & REID LLP→

corporate-secretary · appointed 2012-10-01 · resigned 2014-10-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Triodos Bank N.V.	A registered charge	—	26/11/2015	—
outstanding	Triodos Bank N.V.	A registered charge	—	26/11/2015	—
outstanding	Triodos Bank N.V.	Standard security	1 property	16/07/2009	—
outstanding	Triodos Bank N.V.	Bond & floating charge	1 property	19/06/2009	—

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