NORTH EASTERN FUELS LTD
Opportunity 74/100 (strong), bankability 75/100. 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).
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Average employees | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2025-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-17📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-12-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-03-29➖ALEXANDER, John Smith resigneddirector
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-29📄resolutionresolution · RESOLUTIONS
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄administrative-restoration-companyrestoration · RT01
- 2019-07-09📄gazette-dissolved-compulsorygazette · GAZ2
- 2019-04-06📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2014-12-04🏢Company incorporatedAs NORTH EASTERN FUELS LTD
- 2014-12-04➕FOTHERINGHAM, John Ballantyne appointeddirector
- 2014-12-04➕ALEXANDER, John Smith 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
John Ballantyne Fotheringham Individual · British · DOB 11/1985 · age 41 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr John Smith Alexanderceased 29/03/2024· 25-50% 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.
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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)
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