PLUG SHORE POWER LIMITED

🌿Early-stageactive
SC744288 · ltd · incorporated 2022-09-13
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-82.2k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 70/100. 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 (73/100).

Data confidence

Overall: medium (70/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £82,151

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
Net Worth
-£82k
Current Assets
Current Liabilities
-£82k-£63k-£45k-£26k-£7k£11kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Cash£11.3k
Net assets£-82.2k
Average employees200

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-02-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-11-05
    BURNESS PAULL LLP resigned
    corporate-secretary
  5. 2024-09-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2023-09-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-09-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-08-31
    ANGELTVEIT, Tommy appointed
    director
  10. 2023-08-31
    WINGSTERNES, Truls resigned
    director
  11. 2022-09-14
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2022-09-13
    🏢
    Company incorporated
    As PLUG SHORE POWER LIMITED
  13. 2022-09-13
    BOS, Maria appointed
    director
  14. 2022-09-13
    BURNESS PAULL LLP appointed
    corporate-secretary
  15. 2022-09-13
    WINGSTERNES, Truls appointed
    director
  16. 2022-09-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2022-09-13
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Henderson Loggie, The Vision Building
20 Greenmarket
Dundee
DD1 4QB
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12

Officers (2 active · 2 resigned)

ANGELTVEIT, Tommy
director · ~59y · appointed 2023-08-31
View their other companies + combined net worth →
Active
BOS, Maria
director · ~45y · appointed 2022-09-13
View their other companies + combined net worth →
Active
BURNESS PAULL LLP
corporate-secretary · appointed 2022-09-13 · resigned 2024-11-05
Resigned
WINGSTERNES, Truls
director · ~39y · appointed 2022-09-13 · resigned 2023-08-31
Resigned

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

Recent filings (12 total)

accounts-with-accounts-type-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-05
termination-secretary-company-with-name-termination-date
officers · TM02
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-01
accounts-with-accounts-type-small
accounts · AA
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
appoint-person-director-company-with-name-date
officers · AP01
2023-09-05
termination-director-company-with-name-termination-date
officers · TM01
2023-09-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-05
change-account-reference-date-company-current-extended
accounts · AA01
2022-09-14
incorporation-company
incorporation · NEWINC
2022-09-13