SATURN FLUID ENGINEERING LIMITED
Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (73/100).
Refinance opportunity
1 live charge · oldest 7.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-141 | £2.2k |
| Current assets | — | £53.8k |
| Net assets | £-141 | £-837 |
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
Corporate timeline (21 events)Click to expand
- 2025-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-09📄change-person-director-company-with-change-dateofficers · CH01
- 2019-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-04-04🔒Charge registered #1Lender: Morgan Lloyd Trustees as Trustee of the Tarvos Energy Pension Scheme
- 2018-12-18📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2018-10-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-10-16📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2018-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-10-10➖RUFF, David Charles resigneddirector
- 2018-06-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-22🏢Company incorporatedAs SATURN FLUID ENGINEERING LIMITED
- 2016-09-22➕CLUNIE, Ewen James appointeddirector
- 2016-09-22➕RUFF, David Charles appointeddirector
- 2016-09-22📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ewen James Clunie Individual · British · DOB 12/1965 · age 61 | 25–50% | 50–75% | board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence · firm interest | 10/10/2018 |
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.
See pricing →Similar companies
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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)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Morgan Lloyd Trustees as Trustee of the Tarvos Energy Pension Scheme / Ewen Clunie as Trustee of the Tarvos Energy Pension Scheme / Shona Clunie as Trustee of the Tarvos Energy Pension Scheme | A registered charge | 9 properties | 04/04/2019 | — |