ERNE POWER LTD
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. 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.
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 | £24.2k | £24.4k |
| Current assets | £14.4k | £9.5k |
| Net assets | £24.2k | £24.4k |
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
- • 1 confirmation-statement
Corporate timeline (10 events)Click to expand
- 2025-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-17🏢Company incorporatedAs ERNE POWER LTD
- 2018-12-17➕JAMIESON, Cheryl May appointeddirector
- 2018-12-17➕JAMIESON, Derek Anthony appointeddirector
- 2018-12-17📄incorporation-companyincorporation · NEWINC
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanGroup structure
Jamiesons (Belmont) Ltd holds majority control (50-75%). Likely parent but not wholly-owned.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Jamiesons (Belmont) Ltd Corporate entity | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 17/12/2018 |
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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|---|---|---|---|---|---|---|---|
| NORTHMAVINE DEVELOPMENT COMPANY→ SC145220 · est 1993 | — | — | — | — | 32y | 81 | 77y |
| FLUGGA BOATS LIMITED→ SC343975 · est 2008 | — | — | — | — | 17y | 80 | 76y |
| BRESSAY DEVELOPMENT LTD→ SC513684 · est 2015 · no financials extracted | — | — | — | — | 10y | 78 | 73y |
| C.T. SHETLAND (T.M.) LIMITED→ SC072648 · est 1980 · no financials extracted | — | — | — | — | 45y | 78 | 68y |
| ISLAND ADVENTURE LIMITED→ SC349692 · est 2008 | — | — | — | — | 17y | 77 | 60y |
| FAROE'S FINEST LTD→ SC364540 · est 2009 | — | — | — | — | 16y | 75 | 49y |
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| PEC SHETLAND LTD→ SC694027 · est 2021 | — | — | £100 | — | 5y | 71 | 48y |
| PJP ARCHITECTS LLP→ SO301677 · est 2007 | — | — | — | 1 | 18y | 71 | — |
| A & K BUDGE LLP→ SO306365 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| GUNGILSUND LTD→ SC606794 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MOSSBANK ELECTRICAL LTD→ SC817517 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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 →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.