ITHACA ENERGY (NORTH SEA) PLC

🏛️Establishedactive

SC595124 · plc · incorporated 2018-04-23

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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

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

—

not disclosed

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: SIC 06100

Sector: Mining & quarrying

Investor take

Pursue

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

Opportunity 78/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 6.9y

85/100

ready

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

· Oldest live charge is 6.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (61/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

11 officers (5 active, 11 linked, 10 with DOB)

Ownership & PSC

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

Director network

24 connected companies via shared directors

Filing history

47 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 officers

Last 90 days

filings

• 1 officers
• 1 confirmation-statement

Last 180 days

filings

• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-06-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-01
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-22
📄
accounts-with-accounts-type-full
accounts · AA
2025-02-06
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-24
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-10-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-18
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-03
➕
VASQUES, Luciano Maria appointed
director
2024-07-01
➕
FRIEDMAN, Yaniv appointed
director
2024-07-01
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-27
➕
MCATEER, Julie Elizabeth appointed
director
2024-05-27
➖
MYERSON, Gilad resigned
director
2024-01-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-04
➖
BRUCE, Alan Alexander resigned
director
2023-12-07
📄
change-person-director-company-with-change-date
officers · CH01
2023-07-05
📄
accounts-with-accounts-type-full
accounts · AA
2023-07-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-05-31
📄
change-person-director-company-with-change-date
officers · CH01
2022-12-13
📄
change-person-director-company-with-change-date
officers · CH01
2022-12-13
📄
change-person-director-company-with-change-date
officers · CH01
2022-11-09
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-01
➕
LEWIS, Iain Clifford Scobbie appointed
director
2022-09-01
➕
BRUCE, Alan Alexander appointed
director
2022-09-01
➖
CRAWFORD, David Andrew resigned
director
2021-09-14
➖
DUNNETT, Bill resigned
director
2021-06-14
➕
MYERSON, Gilad appointed
director
2021-02-01
➕
CRAWFORD, David Andrew appointed
director
2021-01-31
➖
FORBES, Graham Andrew resigned
director
2020-08-24
➕
DUNNETT, Bill appointed
director
2020-08-24
➖
THOMAS, Leslie James resigned
director
2019-08-01
🔒
Charge registered #1
Lender: Bny Mellon Corporate Trustee Services Limited (As Trustee)
2018-04-23
🏢
Company incorporated
As ITHACA ENERGY (NORTH SEA) PLC
2018-04-23
➕
PINSENT MASONS SECRETARIAL LIMITED appointed
corporate-secretary
2018-04-23
➕
FORBES, Graham Andrew appointed
director
2018-04-23
➕
THOMAS, Leslie James appointed
director

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.

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

Ithaca Energy Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Ithaca Energy Plc

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

ultimate parent

⬇

ITHACA ENERGY (NORTH SEA) PLC

This company · SC595124

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
Ithaca Energy Plc Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	03/10/2024

1 historic (ceased) PSC

Delek Group Ltdceased 03/10/2024· 75-100% shares · 75-100% voting · board control

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 · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002	£53.82M £41.86M–£65.78M	—	—	0	24y	85	71y
GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
EBLAST LIMITED→ SC202165 · est 1999	£8.03M £6.24M–£9.81M	£11.11M	—	7400	26y	88	57y
DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987	£6.22M £4.84M–£7.60M	£21.87M	—	11000	38y	93	70y
SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003	£6.15M £4.78M–£7.51M	£1.45M	—	1500	22y	94	60y
IMENCO UK LIMITED→ SC372021 · est 2010	£5.97M £4.64M–£7.29M	£17.33M	—	11500	16y	95	71y
TGT OILFIELD SERVICES UK LIMITED→ SC427554 · est 2012	£2.26M £1.76M–£2.76M	£9.93M	—	3000	13y	84	61y
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987	£1.63M £1.27M–£1.99M	—	—	16	39y	85	71y
DALES 2002 LIMITED→ SC234880 · est 2002	£1.27M £990.2k–£1.56M	—	—	0	23y	83	70y

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 →

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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

Typeplc

Incorporated2018-04-23

Jurisdictionscotland

Primary SIC06100 — SIC 06100

Registered office

13 Queen's Road

Aberdeen

AB15 4YL

United Kingdom

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-06

Last: 2026-04-22