CLEUGHEAD LIMITED

🌳Matureactive
SC415050 · ltd · incorporated 2012-01-20
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
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · 3 lenders · oldest 11.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 11.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red 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
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-09-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-10-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-10-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-08-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-09-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-08-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2021-08-04
    🔒
    Charge registered #8
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  10. 2021-05-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-05-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2020-05-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-04-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-02-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2020-02-19
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC
  16. 2020-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2020-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2020-02-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-02-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2020-02-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2020-02-07
    🔓
    Charge satisfied #2
  23. 2020-02-07
    🔓
    Charge satisfied #3
  24. 2020-02-07
    🔓
    Charge satisfied #1
  25. 2020-02-06
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  26. 2020-02-05
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  27. 2020-01-31
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  28. 2020-01-29
    GUNDRY, Rachel Catherine appointed
    director
  29. 2015-08-27
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  30. 2015-08-21
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  31. 2015-04-15
    MORRISH, Simon Hobart Charles appointed
    director
  32. 2015-04-15
    RADFORD, Steven John resigned
    director
  33. 2015-01-21
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  34. 2014-04-07
    RADFORD, Steven John appointed
    director
  35. 2014-04-07
    WILSON, Mark Thomas resigned
    director
  36. 2012-01-20
    🏢
    Company incorporated
    As CLEUGHEAD LIMITED
  37. 2012-01-20
    WILSON, Mark Thomas appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

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

Succession & seller-readiness

41/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

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

🏛️
Solar Ventus Energy Limited
Corporate parent · holds 75-100% shares
ultimate parent
CLEUGHEAD LIMITED
This company · SC415050

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Solar Ventus Energy Limited
Corporate entity
75100%
75-100% shares06/02/2020
1 historic (ceased) PSC
  • Atlantisrealm Limitedceased 05/02/2020· 75-100% shares

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

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
Incorporated2012-01-20
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

12 Kintrae Crescent
Elgin
Moray
IV30 5NB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01

Officers (2 active · 2 resigned)

GUNDRY, Rachel Catherine
director · ~46y · appointed 2020-01-29
View their other companies + combined net worth →
Active
MORRISH, Simon Hobart Charles
director · ~52y · appointed 2015-04-15
View their other companies + combined net worth →
Active
RADFORD, Steven John
director · ~58y · appointed 2014-04-07 · resigned 2015-04-15
Resigned
WILSON, Mark Thomas
director · ~52y · appointed 2012-01-20 · resigned 2014-04-07
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge04/08/2021
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property19/02/2020
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge06/02/2020
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge05/02/2020
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge31/01/2020
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property27/08/201507/02/2020
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge21/08/201507/02/2020
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge21/01/201507/02/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
change-person-director-company-with-change-date
officers · CH01
2025-01-29
change-person-director-company-with-change-date
officers · CH01
2024-10-23
change-person-director-company-with-change-date
officers · CH01
2024-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-14
accounts-with-accounts-type-dormant
accounts · AA
2024-05-13
accounts-with-accounts-type-dormant
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
accounts-with-accounts-type-dormant
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-14
accounts-with-accounts-type-dormant
accounts · AA
2021-05-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-03