BSW ENERGY LIMITED
💤Zombieactive
SC031022 · ltd · incorporated 1955-09-01
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 37.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)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
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
16 officers (1 active, 16 linked, 12 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 address
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-12-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-12-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-10-03📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-03📄legacyaccounts · PARENT_ACC
- 2025-09-30📄legacyother · AGREEMENT2
- 2025-09-30📄legacyother · GUARANTEE2
- 2025-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-02📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-04-01📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-10-15📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-15📄legacyaccounts · PARENT_ACC
- 2024-10-15📄legacyother · AGREEMENT2
- 2024-10-15📄legacyother · GUARANTEE2
- 2024-02-21➖MILNE, Alan Graham resignedsecretary
- 2024-02-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-12-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-29📄resolutionresolution · RESOLUTIONS
- 2023-11-29📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-11-29📄legacycapital · SH20
- 2023-11-29⚠️legacyinsolvency · CAP-SS
- 2023-11-29📄resolutionresolution · RESOLUTIONS
- 2023-11-29📄capital-allotment-sharescapital · SH01
- 2023-07-31➖HACKNEY, Anthony Malcolm resigneddirector
- 2022-03-24🔓Charge satisfied #5
- 2022-03-24🔓Charge satisfied #4
- 2020-07-31➖SCOTT, Richard Thomas resigneddirector
- 2020-03-03🔓Charge satisfied #3
- 2020-03-03🔓Charge satisfied #2
- 2020-02-18🔒Charge registered #5Lender: Endless LLP (The Security Trustee)
- 2018-05-27➖JONES, Howard Jeremy resignedsecretary
- 2018-05-27➕MILNE, Alan Graham appointedsecretary
- 2018-04-01➕MILNE, Alan Graham appointeddirector
- 2018-04-01➖JONES, Howard Jeremy resigneddirector
- 2018-03-16➖BROWNLIE, Alexander John resigneddirector
- 2017-06-27➖ADKINS, Gavin Paul resigneddirector
- 2016-01-06➕ADKINS, Gavin Paul appointeddirector
- 2016-01-06➕HACKNEY, Anthony Malcolm appointeddirector
- 2015-03-18➕SCOTT, Richard Thomas appointeddirector
- 2013-11-08🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2010-04-12🔒Charge registered #3Lender: & Others
- 2008-12-04➖GRIFFITHS, David Roger resignedsecretary
- 2008-12-04➕JONES, Howard Jeremy appointedsecretary
- 2008-12-04➖GRIFFITHS, David Roger resigneddirector
- 2008-12-04➕JONES, Howard Jeremy appointeddirector
- 1994-11-09🔓Charge satisfied #1
- 1993-08-31➕GRIFFITHS, David Roger appointedsecretary
- 1993-08-31➖SANDERSON, Archibald Henderson resignedsecretary
- 1993-08-31➕GRIFFITHS, David Roger appointeddirector
- 1993-08-31➖SANDERSON, Archibald Henderson resigneddirector
Showing most recent 50 of 57 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 71 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-11-29: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Bsw Sawmills Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Bsw Sawmills Limited
Corporate parent · holds 75-100% shares · board control
⬇
BSW ENERGY LIMITED
This company · SC031022
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 |
|---|---|---|---|---|
Bsw Sawmills Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/12/2023 |
1 historic (ceased) PSC
- Bsw Timber Limitedceased 19/12/2023· 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.
🔒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 →Similar companies
Active · Manufacturing · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004 | — | — | — | 42 | 21y | 85 | 66y |
| FCE HYDRAULICS LTD→ SC191289 · est 1998 | — | — | £655.5k | — | 27y | 83 | 68y |
| PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted | — | — | — | — | 21y | 83 | 60y |
| STONE MARINE SERVICES LIMITED→ SC202418 · est 1999 | — | — | £2.02M | — | 26y | 83 | 75y |
| TEN 47 LIMITED→ SC216186 · est 2001 | — | — | £4.37M | — | 25y | 83 | 61y |
| AXYZ ENGINEERING LIMITED→ SC222810 · est 2001 | — | — | £552.4k | — | 24y | 82 | 65y |
| BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted | — | — | — | — | 82y | 82 | 94y |
| CONTRACT SOLUTIONS (SCOTLAND) LIMITED→ SC305000 · est 2006 · no financials extracted | — | — | — | — | 19y | 82 | 75y |
| COOLFORCE LIMITED→ SC204027 · est 2000 | — | — | — | 0 | 26y | 82 | 61y |
| DAVID L DOUGLAS LIMITED→ SC385357 · est 2010 | — | — | — | 1700 | 15y | 82 | 70y |
| EDEN ILLUMINATION LTD→ SC365181 · est 2009 | — | — | £38.6k | — | 16y | 82 | 69y |
| G.S. BROWN (PRECISION ENGINEERS) LIMITED→ SC137707 · est 1992 | — | — | — | 2000 | 34y | 82 | 73y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1955-09-01
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Unit 7, Halbeath Interchange Business Park Kingseat Road
Halbeath
Dunfermline
Fife
KY11 8RY
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01
Officers (1 active · 15 resigned)
MILNE, Alan Graham→
Activedirector · ~44y · appointed 2018-04-01
View their other companies + combined net worth →
GRIFFITHS, David Roger→
Resignedsecretary · appointed 1993-08-31 · resigned 2008-12-04
JONES, Howard Jeremy→
Resignedsecretary · appointed 2008-12-04 · resigned 2018-05-27
MILNE, Alan Graham→
Resignedsecretary · appointed 2018-05-27 · resigned 2024-02-21
SANDERSON, Archibald Henderson→
Resignedsecretary · resigned 1993-08-31
ADKINS, Gavin Paul→
Resigneddirector · ~56y · appointed 2016-01-06 · resigned 2017-06-27
BROWNLIE, Alexander John→
Resigneddirector · ~91y · resigned 2018-03-16
BROWNLIE, John Mckittrick→
Resigneddirector · ~79y · resigned 1989-03-22
BURD, Christopher John Skidmore→
Resigneddirector · ~91y · resigned 1991-04-01
GRIFFITHS, David Roger→
Resigneddirector · ~77y · appointed 1993-08-31 · resigned 2008-12-04
GRIFFITHS, David Roger→
Resigneddirector · ~77y · resigned 1991-04-01
HACKNEY, Anthony Malcolm→
Resigneddirector · ~68y · appointed 2016-01-06 · resigned 2023-07-31
JONES, Howard Jeremy→
Resigneddirector · ~67y · appointed 2008-12-04 · resigned 2018-04-01
MORTON, Leslie Steel, Mister→
Resigneddirector · ~81y · resigned 1991-04-01
SANDERSON, Archibald Henderson→
Resigneddirector · ~92y · resigned 1993-08-31
SCOTT, Richard Thomas→
Resigneddirector · ~64y · appointed 2015-03-18 · resigned 2020-07-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Endless (The Security Trustee) Endless LLP (The Security Trustee) | A registered charge | — | 18/02/2020 | 24/03/2022 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | 1 property | 08/11/2013 | 24/03/2022 | |
| satisfied | & Others / Christopher John Skidmore Burn | Standard security | 1 property | 12/04/2010 | 03/03/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 30/11/1992 | 03/03/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 04/07/1988 | 09/11/1994 |
Recent filings (159 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-23
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-03
legacy
accounts · PARENT_ACC
2025-10-03
legacy
other · AGREEMENT2
2025-09-30
legacy
other · GUARANTEE2
2025-09-30
change-person-director-company-with-change-date
officers · CH01
2025-08-01
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-04-02
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-15
legacy
accounts · PARENT_ACC
2024-10-15
legacy
other · AGREEMENT2
2024-10-15
legacy
other · GUARANTEE2
2024-10-15