NBW (FARM) LIMITED

🌳Matureactive
SC428497 · ltd · incorporated 2012-07-17
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.4y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 65/100. 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).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 11.4y

70/100
ready

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
39 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
75
Strong succession / seller-readiness signals.
Risk profile
85
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 · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-07-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-12
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2015-03-23
    🔒
    Charge registered #4
    Lender: Close Leasing Limited
  16. 2015-02-27
    🔒
    Charge registered #3
    Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
  17. 2015-02-27
    🔒
    Charge registered #2
    Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
  18. 2015-02-27
    🔒
    Charge registered #1
    Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
  19. 2014-11-18
    ➕
    DUNBAR, Dale appointed
    director
  20. 2013-11-01
    ➕
    DUNBAR, Julie appointed
    director
  21. 2013-11-01
    ➖
    DUNBAR, Dale resigned
    director
  22. 2012-07-17
    🏢
    Company incorporated
    As NBW (FARM) LIMITED
  23. 2012-07-17
    ➕
    DUNBAR, Dale appointed
    director

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 13 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

Nrg 2025 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Nrg 2025 Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
NBW (FARM) LIMITED
This company · SC428497

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
Nrg 2025 Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control27/02/2025
1 historic (ceased) PSC
  • Julie Dunbarceased 27/02/2025· 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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BRAIDENHILL FARM WIND LIMITED→
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———20019y8359y
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——£3.15M—19y8362y
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——£192.8k—42y8267y
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——£768.6k—24y8259y
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——£407.3k—17y8267y
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————23y8161y
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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
Incorporated2012-07-17
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

17 Flowerhill Street
Airdrie
Lanarkshire
ML6 6AP

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-07-31
Last: 2026-07-17

Officers (2 active · 1 resigned)

DUNBAR, Dale→
director · ~59y · appointed 2014-11-18
View their other companies + combined net worth →
Active
DUNBAR, Julie→
director · ~59y · appointed 2013-11-01
View their other companies + combined net worth →
Active
DUNBAR, Dale→
director · ~59y · appointed 2012-07-17 · resigned 2013-11-01
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Close Leasing
Close Leasing Limited
A registered charge2 properties23/03/2015—
outstanding
Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees
Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
A registered charge1 property27/02/2015—
outstanding
Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees
Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
A registered charge1 property27/02/2015—
outstanding
Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees
Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
A registered charge1 property27/02/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-01