NLEI LTD

🌳Matureactive

SC511747 · ltd · incorporated 2015-07-28

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

72/100

Strong

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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 strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.9y

70/100

ready

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

· Oldest live charge is 6.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (62/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

11 officers (2 active, 11 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

15 connected companies via shared directors

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 4 officers

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2026-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-30
➕
HAMILTON, Gemma Maria appointed
director
2026-01-30
➖
MILLIGAN, John Frank resigned
director
2026-01-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-24
➕
DRUMMOND, Sarah Jo appointed
director
2025-12-24
➖
MCGREGOR, Christine Alice resigned
director
2025-12-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-07-03
📄
accounts-with-accounts-type-full
accounts · AA
2023-06-19
📄
accounts-with-accounts-type-full
accounts · AA
2023-04-03
➖
MACDOUGALL, Gordon Alan resigned
director
2023-04-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-01
➖
MACLEOD, Alasdair Gordon resigned
director
2023-03-01
➕
MCGREGOR, Christine Alice appointed
director
2023-03-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-10-05
📄
accounts-with-accounts-type-full
accounts · AA
2021-09-24
📄
accounts-with-accounts-type-full
accounts · AA
2021-08-03
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-16
➕
MILLIGAN, John Frank appointed
director
2020-10-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-02
📄
accounts-with-accounts-type-full
accounts · AA
2019-11-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-09-17
📄
capital-name-of-class-of-shares
capital · SH08
2019-05-20
➖
BAKER, Alan George resigned
director
2019-05-20
➖
GLEN, John Ronald Kerr resigned
director
2019-05-20
➕
MACDOUGALL, Gordon Alan appointed
director
2019-05-20
➖
WILSON, Alan Reid resigned
director
2019-05-20
🔒
Charge registered #2
Lender: The Buccleuch Estates, LTD.
2019-05-20
🔒
Charge registered #1
Lender: Forsa Energy Limited
2017-04-20
➖
RAE, George Stuart resigned
director
2017-04-20
➕
WILSON, Alan Reid appointed
director
2016-10-31
➖
ODDY, Mark Stephen resigned
director
2016-10-31
➕
RAE, George Stuart appointed
director
2015-07-28
🏢
Company incorporated
As NLEI LTD
2015-07-28
➕
BAKER, Alan George appointed
director
2015-07-28
➕
GLEN, John Ronald Kerr appointed
director
2015-07-28
➕
MACLEOD, Alasdair Gordon appointed
director
2015-07-28
➕
ODDY, Mark Stephen 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

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MCGREGOR, Christine Alice resigned 2025-12-24; MILLIGAN, John Frank resigned 2026-01-30

Group structure

Baywa R.E. Uk (Developments) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Baywa R.E. Uk (Developments) Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

NLEI LTD

This company · SC511747

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%

Name	Shares	Voting rights	Nature of control	Notified
Baywa R.E. Uk (Developments) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

1 historic (ceased) PSC

Buccleuch Estates, Ltd. (The)ceased 20/05/2019· 25-50% shares · 25-50% voting

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 →

Similar companies

Active · Energy & utilities · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NWH GROUP LIMITED→ SC335165 · est 2007	£11.16M £8.04M–£14.29M	—	—	35600	18y	84	61y
DALTON GROUP LIMITED→ SC088385 · est 1984	£6.78M £4.88M–£8.68M	—	—	6500	41y	82	39y
AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996	£2.98M £2.14M–£3.81M	£11.23M	—	3600	29y	85	64y
BENMORE ESTATE LIMITED→ SC192048 · est 1998	—	—	£18.74M	—	27y	83	66y
BINN RENEWABLE ENERGY LIMITED→ SC375446 · est 2010 · no financials extracted	—	—	—	—	16y	83	81y
CALEDONIAN ALLOYS LIMITED→ SC162625 · est 1996 · no financials extracted	—	—	—	—	30y	83	71y
HOME BASICS (TWEEDDALE) COMPANY LIMITED→ SC234746 · est 2002 · no financials extracted	—	—	—	—	23y	83	79y
AAIRECOOL TECHNICAL SERVICES LIMITED→ SC135544 · est 1991	—	—	—	700	34y	82	72y
ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991	—	—	—	100	34y	82	68y
FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002	—	—	—	54	24y	82	64y
GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009	—	—	£753.6k	—	17y	82	59y
GREENSPAN ELECTRIC CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2015-07-28

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

Ground Floor West Suite, Prospect House

5 Thistle Street

Edinburgh

EH2 1DF

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-10

Last: 2025-07-27

Officers (2 active · 9 resigned)

DRUMMOND, Sarah Jo→

director · ~30y · appointed 2025-12-24

View their other companies + combined net worth →

Active

HAMILTON, Gemma Maria→

director · ~42y · appointed 2026-01-30

View their other companies + combined net worth →

Active

BAKER, Alan George→

director · ~60y · appointed 2015-07-28 · resigned 2019-05-20

Resigned

GLEN, John Ronald Kerr→

director · ~67y · appointed 2015-07-28 · resigned 2019-05-20

Resigned

MACDOUGALL, Gordon Alan→

director · ~56y · appointed 2019-05-20 · resigned 2023-04-03

Resigned

MACLEOD, Alasdair Gordon→

director · ~65y · appointed 2015-07-28 · resigned 2023-03-01

Resigned

MCGREGOR, Christine Alice→

director · ~41y · appointed 2023-03-01 · resigned 2025-12-24

Resigned

MILLIGAN, John Frank→

director · ~45y · appointed 2020-10-16 · resigned 2026-01-30

Resigned

ODDY, Mark Stephen→

director · ~60y · appointed 2015-07-28 · resigned 2016-10-31

Resigned

RAE, George Stuart→

director · ~68y · appointed 2016-10-31 · resigned 2017-04-20

Resigned

WILSON, Alan Reid→

director · ~57y · appointed 2017-04-20 · resigned 2019-05-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	The Buccleuch Estates, . The Buccleuch Estates, LTD.	A registered charge	—	20/05/2019	—
	outstanding	Forsa Energy Forsa Energy Limited	A registered charge	—	20/05/2019	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

appoint-person-director-company-with-name-date

officers · AP01

2026-02-03

termination-director-company-with-name-termination-date

officers · TM01

2026-01-30

appoint-person-director-company-with-name-date

officers · AP01

2025-12-29

termination-director-company-with-name-termination-date

officers · TM01

2025-12-24

accounts-with-accounts-type-full

accounts · AA

2025-09-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-29

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2024-07-16

accounts-with-accounts-type-full

accounts · AA

2024-07-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-08-02

accounts-with-accounts-type-full

accounts · AA

2023-06-19

termination-director-company-with-name-termination-date

officers · TM01

2023-04-03

termination-director-company-with-name-termination-date

officers · TM01

2023-03-01

appoint-person-director-company-with-name-date

officers · AP01

2023-03-01

accounts-with-accounts-type-full

accounts · AA

2022-10-05