ORKNEY RENEWABLES LIMITED

🌳Matureactive
SC395974 · ltd · incorporated 2011-03-22
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
—
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Turnover
—
year to Mar 2025
Net worth
£21.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -41% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £21,352
Net assets shrinking
Down £42,704 YoY
Cash draining
Cash down 41% YoY
Cash YoY
-41%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£48k
↓ 41% YoY
Net Worth
£21k
↓ 67% YoY
Current Assets
£253k
↓ 19% YoY
Current Liabilities
—
£0£62k£125k£187k£249k£312kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£56.4k£141.7k
Current assets£253.3k£311.7k
Cash£48.0k£81.2k
Debtors£151.3k£180.4k
Net assets£21.4k£64.1k

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-08-07
    ➖
    DEARNESS, Frances May Fallon resigned
    director
  7. 2023-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-02
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  13. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2019-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2019-04-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  20. 2011-03-22
    🏢
    Company incorporated
    As ORKNEY RENEWABLES LIMITED
  21. 2011-03-22
    ➕
    MCLENNAN, Amanda Ann appointed
    secretary
  22. 2011-03-22
    ➕
    MCLENNAN, Amanda Ann appointed
    director
  23. 2011-03-22
    ➕
    MCLENNAN, Norman Spence Nicol appointed
    director
  24. 2011-03-22
    ➕
    DEARNESS, Frances May Fallon appointed
    director

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 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — 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 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Norman Spence Nicol Mclennan
Individual · British · DOB 12/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Amanda Ann Mclennan
Individual · British · DOB 05/1970 · age 56
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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 →
🔒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
Incorporated2011-03-22
Jurisdictionscotland
Primary SIC43210 — Electrical installation

Registered office

17 Broad Street
Kirkwall
KW15 1DH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-05
Last: 2026-03-22

Officers (3 active · 1 resigned)

MCLENNAN, Amanda Ann→
secretary · appointed 2011-03-22
View their other companies + combined net worth →
Active
MCLENNAN, Amanda Ann→
director · ~56y · appointed 2011-03-22
View their other companies + combined net worth →
Active
MCLENNAN, Norman Spence Nicol→
director · ~62y · appointed 2011-03-22
View their other companies + combined net worth →
Active
DEARNESS, Frances May Fallon→
director · ~64y · appointed 2011-03-22 · resigned 2024-08-07
Resigned

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

Recent filings (42 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
termination-director-company-with-name-termination-date
officers · TM01
2024-08-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-05