NORTHERN POWERGRID (NORTHEAST) PLC

🌳Matureactive

02906593 · plc · incorporated 1994-03-09

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 35130

Sector: Electricity, gas & energy

Investor take

Pursue

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

Opportunity 80/100 (exceptional), 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 (65/100).

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

Confirmed no charges registered

Directors & officers

27 officers (7 active, 27 linked, 23 with DOB)

Ownership & PSC

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

Director network

25 connected companies via shared directors

Filing history

161 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (67 events)Click to expand

2025-09-15
📍
move-registers-to-sail-company-with-new-address
address · AD03
2025-09-15
📍
change-sail-address-company-with-new-address
address · AD02
2025-06-18
📄
accounts-with-accounts-type-group
accounts · AA
2024-10-09
📄
auditors-resignation-company
auditors · AUD
2024-09-16
📄
auditors-resignation-company
auditors · AUD
2024-05-17
📄
accounts-with-accounts-type-group
accounts · AA
2023-05-12
📄
accounts-with-accounts-type-group
accounts · AA
2022-05-27
📄
accounts-with-accounts-type-group
accounts · AA
2022-04-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-04-14
➕
JONES, Alexander Patrick appointed
director
2021-06-11
📄
accounts-with-accounts-type-group
accounts · AA
2021-02-26
📄
change-person-director-company-with-change-date
officers · CH01
2021-02-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-02-15
➖
FIELDEN, Thomas Edward resigned
director
2020-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-17
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-03
📄
accounts-balance-sheet
accounts · BS
2020-06-03
📄
auditors-statement
auditors · AUDS
2020-06-03
📄
auditors-report
auditors · AUDR
2020-06-03
✏️
certificate-re-registration-private-to-public-limited-company
change-of-name · CERT5
2020-06-03
📄
re-registration-memorandum-articles
incorporation · MAR
2019-04-30
➖
GILL, Nicholas Michael resigned
director
2018-04-05
➖
FRANCE, John Martin, Dr resigned
director
2017-10-26
➖
DIXON, Ronald resigned
director
2017-01-20
➕
RILEY, Jennifer Catherine appointed
secretary
2017-01-20
➖
ELLIOTT, John resigned
secretary
2016-12-15
➕
FRANCE, Thomas Hugh appointed
director
2015-08-13
➖
BARNETT, John Philip resigned
director
2015-07-17
➕
MACLENNAN, Andrew John appointed
director
2014-04-01
➕
MARSHALL, Alison Ruth appointed
director
2014-04-01
➕
TAYLOR, Philip Charles, Professor appointed
director
2012-04-01
➕
BARNETT, John Philip appointed
director
2009-10-16
➖
ABEL, Gregory Edward resigned
director
2009-10-16
➖
CONNOR, Phillip Eric resigned
director
2009-10-16
➕
FIELDEN, Thomas Edward appointed
director
2009-10-16
➖
LINGE, Kenneth resigned
director
2006-11-17
➕
GILL, Nicholas Michael appointed
director
2006-10-31
➖
HORSLEY, Mark John resigned
director
2006-09-15
➖
FLYNN, Gary Aidan resigned
director
2005-08-26
➖
STALLMEYER, James Duncan resigned
director
2003-10-24
➕
DIXON, Ronald appointed
director
2002-11-12
➕
JONES, Philip Antony, Dr appointed
director
2002-11-12
➕
FLYNN, Gary Aidan appointed
director
2002-09-05
➕
HORSLEY, Mark John appointed
director
2001-09-18
➕
FRANCE, John Martin, Dr appointed
director
2001-09-18
➕
STALLMEYER, James Duncan appointed
director
2001-04-06
➕
ELLIOTT, John appointed
secretary
2001-04-06
➖
GILES, Gail Valerie resigned
secretary
2001-01-31
➖
SWAN, David Malcolm resigned
director
1999-06-15
➕
CONNOR, Phillip Eric appointed
director

Showing most recent 50 of 67 events

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

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

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

🏛️

Northern Electric Plc

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

ultimate parent

⬇

NORTHERN POWERGRID (NORTHEAST) PLC

This company · 02906593

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
Northern Electric Plc Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

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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 →

🔒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

Typeplc

Incorporated1994-03-09

Jurisdictionengland-wales

Primary SIC35130 — SIC 35130

Registered office

Lloyds Court

78 Grey Street

Newcastle Upon Tyne

NE1 6AF

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-23

Last: 2026-03-09