NORCO ENGINEERING LIMITED
Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 14.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | — | £-2.8k |
| Current assets | — | £10 |
| Cash | — | £10 |
| Net assets | — | £-2.8k |
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
Corporate timeline (21 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-groupaccounts · AA
- 2024-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-13📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2022-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-09-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-19➕SHARP, Ryan appointeddirector
- 2021-08-19➖SHARP, Ian Robert resigneddirector
- 2021-08-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-07-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-07-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-09-12🔓Charge satisfied #1
- 2012-01-27🔒Charge registered #1Lender: Stephen Park
- 2011-12-21🏢Company incorporatedAs NORCO ENGINEERING LIMITED
- 2011-12-21➕SHARP, Ian Robert appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ryan Sharp Individual · British · DOB 04/1979 · age 47 | 75–100% | — | 75-100% shares | 17/08/2021 |
1 historic (ceased) PSC
- Mr Ian Robert Sharpceased 17/08/2021· 75-100% shares
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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| MONBODDO RESIDENTS ASSOCIATION LIMITED→ SC080182 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| NEO NEXT ENERGY LIMITED→ SC470677 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| NORCO ENERGY LIMITED→ SC224324 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| NORCO RENTALS LIMITED→ SC224325 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
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 →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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Stephen Park | Floating charge | 1 property | 27/01/2012 | 12/09/2014 |