SATURN FE LIMITED
Opportunity 79/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 4.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.5 years — mid-life; refi window approaching.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £2.20M | £2.07M |
| Current assets | £3.87M | £2.70M |
| Cash | £34 | £1.1k |
| Debtors | £3.34M | £2.16M |
| Net assets | £2.03M | £1.98M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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 mortgage
- • 1 mortgage
- • 1 confirmation-statement
- • 2 confirmation-statement
- • 2 gazette
- • 1 mortgage
Corporate timeline (26 events)Click to expand
- 2026-04-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-07🔒Charge registered #4Lender: Kriya Finance Limited
- 2026-01-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-13📄gazette-notice-compulsorygazette · GAZ1
- 2025-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-17🔒Charge registered #3Lender: Nucleus Cash Flow FINANCE2 Limited
- 2024-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-08-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-16🔒Charge registered #2Lender: Marketfinance Limited
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-05🔓Charge satisfied #1
- 2021-11-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-11🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2021-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-10-23🏢Company incorporatedAs SATURN FE LIMITED
- 2018-10-23➕CLUNIE, Ewen James appointeddirector
- 2018-10-23➕CLUNIE, Shona Elizabeth appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanGroup structure
Saturn Fluid Engineering Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Saturn Fluid Engineering Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/05/2024 |
2 historic (ceased) PSCs
- Mr Ewen James Clunieceased 29/05/2024· 25-50% shares
- Mrs Shona Elizabeth Clunieceased 29/05/2024· 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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8 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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kriya Finance Kriya Finance Limited | A registered charge | — | 07/04/2026 | — | |
| outstanding | Nucleus Cash Flow FINANCE2 Nucleus Cash Flow FINANCE2 Limited | A registered charge | — | 17/12/2024 | — | |
| outstanding | Marketfinance Marketfinance Limited | A registered charge | — | 16/11/2022 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 11/11/2021 | 05/01/2022 |