NOVA INNOVATION LTD

🌳Matureactive

SC358996 · ltd · incorporated 2009-05-01

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 12.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Manufacture of engines and turbines (except aircraft, vehicle and cycle engines)

Sector: Manufacturing

ALSO REGISTERED FOR

33200SIC 33200
72190Other research and experimental development on natural sciences and engineering
74100Specialised design activities

Investor take

Pursue

Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 12.3y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 12.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 23/100 — clean.

Data confidence

Overall: high (83/100)

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

Company profile

address, 4 SIC codes, incorporation date

100

Financials

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

12 officers (6 active, 12 linked, 11 with DOB)

Ownership & PSC

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

Director network

11 connected companies via shared directors

Filing history

88 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	34	3900

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

filings

• 2 confirmation-statement

Last 180 days

filings

• 2 confirmation-statement
• 2 officers

Counts from Companies House filing history.

Corporate timeline (44 events)Click to expand

2026-01-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-01
➖
FALLON, Michael Cathel, Sir resigned
director
2025-12-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-01
➕
MADGWICK, Jonathan Guy appointed
director
2025-09-26
📄
accounts-with-accounts-type-small
accounts · AA
2025-07-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-24
➖
AIRD, Julie Lorna resigned
director
2025-06-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-20
🔓
Charge satisfied #3
2025-06-20
🔓
Charge satisfied #2
2025-03-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-28
➖
PHILLIPS, Christopher Robin Leslie resigned
director
2024-11-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-30
➕
AIRD, Julie Lorna appointed
director
2024-08-30
📄
accounts-with-accounts-type-small
accounts · AA
2023-09-28
📄
accounts-with-accounts-type-small
accounts · AA
2023-07-11
📄
resolution
resolution · RESOLUTIONS
2023-06-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-12
➖
BONTEMS, Olivier Jean-Francois Ghislain resigned
director
2022-11-07
📄
change-account-reference-date-company-current-extended
accounts · AA01
2022-05-13
📄
capital-allotment-shares
capital · SH01
2022-05-13
📄
capital-allotment-shares
capital · SH01
2021-11-12
📄
capital-allotment-shares
capital · SH01
2021-10-29
📄
accounts-with-accounts-type-small
accounts · AA
2021-10-07
📄
memorandum-articles
incorporation · MA
2021-10-07
📄
resolution
resolution · RESOLUTIONS
2021-01-01
➕
AIRD, Brian Robert appointed
director
2021-01-01
➕
FALLON, Michael Cathel, Sir appointed
director
2021-01-01
➕
PHILLIPS, Christopher Robin Leslie appointed
director
2020-12-31
➖
MARCHANT, Ian Derek resigned
director
2020-03-24
🔒
Charge registered #3
Lender: Scottish Enterprise
2019-06-01
➕
BONTEMS, Olivier Jean-Francois Ghislain appointed
director
2019-03-01
➖
NORRIS, Kevin Robert resigned
director
2018-09-12
🔓
Charge satisfied #1
2017-05-30
➕
NORRIS, Kevin Robert appointed
director
2014-01-24
🔒
Charge registered #2
Lender: Scottish Enterprise
2014-01-09
🔒
Charge registered #1
Lender: Shetland Green Electricity LTD
2013-10-18
➕
MEAGHER, John Robert appointed
director
2013-10-18
➕
MARCHANT, Ian Derek appointed
director
2009-05-01
🏢
Company incorporated
As NOVA INNOVATION LTD
2009-05-01
➕
FORREST, David Simon, Dr appointed
secretary
2009-05-01
➕
CONNOR, Gary, Dr appointed
director
2009-05-01
➕
FORREST, David Simon, M. appointed
director

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 17 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

2 director resignations in last 12 months

medium

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

Evidence: AIRD, Julie Lorna resigned 2025-06-24; FALLON, Michael Cathel, Sir resigned 2026-01-01

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Dr David Simon Forrest Individual · Scottish · DOB 04/1970 · age 56	25–50%	25–50%	25-50% shares · 25-50% voting	01/05/2016
Dr Gary Connor Individual · British · DOB 09/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	01/05/2016

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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NSONIFY LTD→ SC697147 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated2009-05-01

Jurisdictionscotland

Primary SIC28110 — Manufacture of engines and turbines (except aircraft, vehicle and cycle engines)

Registered office

45 Timber Bush

Edinburgh

EH6 6QH

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-04-08

Last: 2026-03-25