EMEC HYDROGEN LIMITED

💤Zombieactive

SC591376 · ltd · incorporated 2018-03-14

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 46750

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (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 (79/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

9 officers (2 active, 9 linked, 8 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

33 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

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30

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

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-02-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-03-10
➕
FINN, Matthew appointed
director
2025-03-10
➖
KERMODE, Neil Arthur resigned
director
2025-03-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-02-23
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-02-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-02-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-08-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-23
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-08-20
➕
RITCH, Donna appointed
secretary
2021-08-20
➖
CHAPMAN, Ronald Eric resigned
director
2021-08-20
➖
MILL, Andrew, Professor resigned
director
2021-08-20
➖
RITCH, Donna resigned
director
2021-08-20
➖
YOUNG, Sheryl Ann resigned
director
2021-05-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-09-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-17
➖
WRAGG, Oliver Hadley resigned
director
2020-02-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-01-31
➖
GRAY, Alistair Budge resigned
director
2019-11-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-11-01
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-10
📄
resolution
resolution · RESOLUTIONS
2018-03-28
➕
CHAPMAN, Ronald Eric appointed
director
2018-03-28
➕
GRAY, Alistair Budge appointed
director
2018-03-28
➕
MILL, Andrew, Professor appointed
director
2018-03-28
➕
WRAGG, Oliver Hadley appointed
director
2018-03-28
➕
YOUNG, Sheryl Ann appointed
director
2018-03-14
🏢
Company incorporated
As EMEC HYDROGEN LIMITED
2018-03-14
➕
KERMODE, Neil Arthur appointed
director
2018-03-14
➕
RITCH, Donna appointed
director

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

The European Marine Energy Centre Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

The European Marine Energy Centre Ltd

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

ultimate parent

⬇

EMEC HYDROGEN LIMITED

This company · SC591376

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
The European Marine Energy Centre Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	14/03/2018

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 · Wholesale & distribution · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
EBENEZER LEISURE LIMITED→ SC265273 · est 2004	—	—	£99.6k	—	22y	82	69y
ORKNEY MARINE OIL COMPANY LIMITED→ SC276310 · est 2004	—	—	£142.4k	—	21y	80	67y
ALLAN'S OF GILLOCK LIMITED→ SC099434 · est 1986	—	—	£9.14M	—	39y	79	84y
L E D SCOTLAND LTD→ SC290289 · est 2005	—	—	£882.5k	—	20y	79	61y
HUTCHISON SHELLFISH LIMITED→ SC631111 · est 2019	—	—	—	0	7y	78	70y
ISLAND SHELLFISH LIMITED→ SC417389 · est 2012	—	—	£55.3k	—	14y	78	60y
NORTH HIGHLAND PRODUCTS LIMITED→ SC436058 · est 2012	—	—	£55.4k	—	13y	78	59y
ORKNEY COWL COMPANY LIMITED→ SC532921 · est 2016	—	—	£11.3k	—	10y	78	59y
REAY HOLDINGS LIMITED→ SC693586 · est 2021	—	—	—	1300	5y	76	85y
JPL SHELLFISH (SCOTLAND) LTD→ SC442632 · est 2013	—	—	£494.4k	—	13y	75	52y
MAGNUS NORQUAY SHELLFISH LIMITED→ SC523141 · est 2015	—	—	£289.0k	—	10y	74	53y
CRAIGIE ENGINEERING SALES & SERVICES LTD→ SC373875 · est 2010	—	—	—	3	16y	73	34y

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

Incorporated2018-03-14

Jurisdictionscotland

Primary SIC46750 — SIC 46750

Registered office

The Charles Clouston Building Oric

Back Road

Stromness

Orkney

KW16 3AW

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-03-27

Last: 2026-03-13

Officers (2 active · 7 resigned)

RITCH, Donna→

secretary · appointed 2021-08-20

View their other companies + combined net worth →

Active

FINN, Matthew→

director · ~45y · appointed 2025-03-10

View their other companies + combined net worth →

Active

CHAPMAN, Ronald Eric→

director · ~68y · appointed 2018-03-28 · resigned 2021-08-20

Resigned

GRAY, Alistair Budge→

director · ~68y · appointed 2018-03-28 · resigned 2020-01-31

Resigned

KERMODE, Neil Arthur→

director · ~67y · appointed 2018-03-14 · resigned 2025-03-10

Resigned

MILL, Andrew, Professor→

director · ~75y · appointed 2018-03-28 · resigned 2021-08-20

Resigned

RITCH, Donna→

director · ~59y · appointed 2018-03-14 · resigned 2021-08-20

Resigned

WRAGG, Oliver Hadley→

director · ~44y · appointed 2018-03-28 · resigned 2020-04-17

Resigned

YOUNG, Sheryl Ann→

director · ~70y · appointed 2018-03-28 · resigned 2021-08-20

Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-16

accounts-with-accounts-type-dormant

accounts · AA

2026-02-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-13

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

officers · AP01

2025-03-10

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

officers · TM01

2025-03-10

accounts-with-accounts-type-dormant

accounts · AA

2025-02-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-15

accounts-with-accounts-type-dormant

accounts · AA

2024-02-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-14

accounts-with-accounts-type-dormant

accounts · AA

2023-02-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-14

accounts-with-accounts-type-dormant

accounts · AA

2022-02-28

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

officers · TM01

2021-08-23

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

officers · TM01

2021-08-23

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

officers · TM01

2021-08-23