NORTHEAST SOURCES LTD
- 47910Retail sale via mail order houses or via Internet
Opportunity 71/100 (strong), bankability 70/100. 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 (71/100)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
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-04-30 |
|---|---|
| Total assets | £667 |
| Current assets | £15.6k |
| Net assets | £667 |
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
Corporate timeline (6 events)Click to expand
- 2025-07-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-19🏢Company incorporatedAs NORTHEAST SOURCES LTD
- 2023-04-19➕BUCHAN, Brandon Lee appointeddirector
- 2023-04-19📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanGroup structure
North East Corporation Ltd 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 |
|---|---|---|---|---|
North East Corporation Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/01/2025 |
1 historic (ceased) PSC
- Mr Brandon Lee Buchanceased 17/01/2025· 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.
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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|---|---|---|---|---|---|---|---|
| MEARNS HARDWARE LIMITED→ SC245514 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
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| NEW CHAPTER ENTERPRISE LIMITED→ SC746779 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| NORMAC OILS LIMITED→ SC333836 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| OLIVES TREE FOR OIL AND GAS ENGINEERING & SERVICES LIMITED→ SC473311 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| PERSONAL DRINKS LABELLING LIMITED→ SC655483 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| PETERFENCE LTD→ SC735957 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PHIL KYLE LIMITED→ SC707355 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| PICTISH WORMS LTD→ SC677000 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PIPEWORK NORTHERN (UK) LIMITED→ SC318881 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| PISCES RESTAURANTS, FISHERS AND RETAILERS C.I.C.→ SC442561 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
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 (1 active · 0 resigned)
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