GREENSPAN CONTRACTORS LIMITED

🌳Matureactive

SC407267 · ltd · incorporated 2011-09-12

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-101.0k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

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

Confirmed no charges registered

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

37 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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £101,038

Net assets shrinking

Down £153,504 YoY

Cash YoY

+29%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£87k

↑ 29% YoY

Net Worth

-£101k

↓ 293% YoY

Current Assets

£196k

↑ 61% 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	£640.4k	£735.7k
Current assets	£196.2k	£121.6k
Cash	£87.0k	£67.7k
Debtors	£109.1k	£53.9k
Net assets	£-101.0k	£52.5k

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

🔒Filing-note intelligence

3 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 (22 events)Click to expand

2025-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
📄
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
2020-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-30
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2014-10-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
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
2011-09-12
🏢
Company incorporated
As GREENSPAN CONTRACTORS LIMITED
2011-09-12
➕
MACKIE, Claire Anne appointed
director
2011-09-12
➕
MACKIE, Grant Stephen appointed
director
2011-09-12
➕
BURNETT & REID appointed
corporate-secretary

Owner dependency

74/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+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

59/100

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 15 years.
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 CONTRACTORS LIMITED

This company · SC407267

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
KINCARDINE WIND PARTNERS LTD→ SC857878 · est 2025 · no financials extracted	—	—	—	—	—	—	—
KINGSBURN WIND ENERGY LIMITED→ SC275098 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
KLEAR-IT LIMITED→ SC212531 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
LADEHEAD WIND FARM LTD→ SC500088 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
LEDWYCHE SOLAR LIMITED→ SC705559 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
LENDRUM ENERGY LIMITED→ SC831800 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
LOCOGEN YIELDCO LTD→ SC441557 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
LYTHMORE SOLAR FARM LIMITED→ SC769887 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
MAXX ENERGY LIMITED→ SC844419 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MICRO RENEWABLES (DOMESTIC) LIMITED→ SC387377 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
MICRO RENEWABLES LIMITED→ SC387374 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
MIDLOTHIAN ADVICE & RESOURCE CENTRE→ SC270322 · est 2004 · no financials extracted	—	—	—	—	21y	—	—

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

Incorporated2011-09-12

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 2011-09-12

View their other companies + combined net worth →

Active

MACKIE, Grant Stephen→

director · ~59y · appointed 2011-09-12

View their other companies + combined net worth →

Active

BURNETT & REID→

corporate-secretary · appointed 2011-09-12 · 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.