CANAIRD RIVER COMPANY LIMITED

🌳Matureactive
SC442276 · ltd · incorporated 2013-02-08
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
—
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Turnover
—
year to Dec 2024
Net worth
£4.54M
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
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.8y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.8 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
40 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £4,535,400
Cash YoY
-5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£289k
↓ 5.0% YoY
Net Worth
£4.5m
↑ 26% YoY
Current Assets
£695k
↓ 14% YoY
Current Liabilities
—
£0£907k£1.8m£2.7m£3.6m£4.5mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£5.79M£4.83M
Current assets£694.8k£807.7k
Cash£289.4k£304.6k
Debtors£405.4k£503.1k
Net assets£4.54M£3.59M

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
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC03
  2. 2026-03-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-07-24
    🔒
    Charge registered #1
    Lender: Scottish Natural Heritage (Operating as Naturescot)
  6. 2024-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2020-01-29
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2019-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-03-13
    ➕
    MCKELLAR, James appointed
    secretary
  17. 2013-03-13
    ➕
    CURTIS, Nicholas Simon appointed
    director
  18. 2013-03-13
    ➕
    DACRE, Paul Michael appointed
    director
  19. 2013-03-13
    ➕
    MCKELLAR, James Robert appointed
    director
  20. 2013-02-08
    🏢
    Company incorporated
    As CANAIRD RIVER COMPANY LIMITED
  21. 2013-02-08
    ➕
    DACRE, Alexander Peter appointed
    director

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Dhg Hydro Limited
Individual
50–75%
—50-75% shares01/03/2026
1 historic (ceased) PSC
  • Mr James Robert Mckellarceased 01/03/2026· 25-50% shares · firm interest

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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———023y8177y
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-02-08
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Langwell Lodge
Langwell Estate
Nr Ullapool
Wester Ross
IV26 2TP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-27
Last: 2026-02-13

Officers (5 active · 0 resigned)

MCKELLAR, James→
secretary · appointed 2013-03-13
View their other companies + combined net worth →
Active
CURTIS, Nicholas Simon→
director · ~60y · appointed 2013-03-13
View their other companies + combined net worth →
Active
DACRE, Alexander Peter→
director · ~39y · appointed 2013-02-08
View their other companies + combined net worth →
Active
DACRE, Paul Michael→
director · ~78y · appointed 2013-03-13
View their other companies + combined net worth →
Active
MCKELLAR, James Robert→
director · ~64y · appointed 2013-03-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Scottish Natural Heritage (Operating as Naturescot)
A registered charge1 property24/07/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC03
2026-03-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-10