GLENGLASS HYDRO LIMITED

🌳Matureactive
SC163261 · ltd · incorporated 1996-02-08
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
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 29.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 29.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-10-10
    ➖
    MUNRO FRGUSON, Erica resigned
    secretary
  6. 2023-10-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2022-11-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-11-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-03-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2019-11-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-05-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-05-30
    🔓
    Charge satisfied #2
  15. 2018-05-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-05-03
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  17. 2017-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2010-04-19
    🔓
    Charge satisfied #1
  19. 2009-04-27
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  20. 2008-01-31
    ➖
    ROSS, Cameron Andrew resigned
    secretary
  21. 2007-08-01
    ➕
    MUNRO FRGUSON, Erica appointed
    secretary
  22. 2007-04-02
    ➕
    MUNRO FERGUSON, Erica Susan appointed
    secretary
  23. 2004-03-05
    ➕
    MUNRO FERGUSON, Erica Susan appointed
    director
  24. 2002-10-21
    ➖
    BROADHEAD, Marianne Eve resigned
    secretary
  25. 2002-10-21
    ➕
    ROSS, Cameron Andrew appointed
    secretary
  26. 2002-10-21
    ➖
    BROADHEAD, Marianne Eve resigned
    director
  27. 1996-10-20
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  28. 1996-06-27
    ➕
    MUNRO FERGUSON, Ronald Ralph Luttrell appointed
    director
  29. 1996-06-27
    ➕
    BROADHEAD, Marianne Eve appointed
    secretary
  30. 1996-06-27
    ➖
    BRODIES WS resigned
    corporate-nominee-secretary
  31. 1996-06-27
    ➕
    BROADHEAD, Marianne Eve appointed
    director
  32. 1996-06-27
    ➖
    CAMPBELL, Alistair Carnegie resigned
    nominee-director
  33. 1996-06-27
    ➖
    VOGE, Julian Cecil Arthur resigned
    director
  34. 1996-02-08
    🏢
    Company incorporated
    As GLENGLASS HYDRO LIMITED
  35. 1996-02-08
    ➕
    BRODIES WS appointed
    corporate-nominee-secretary
  36. 1996-02-08
    ➕
    CAMPBELL, Alistair Carnegie appointed
    nominee-director
  37. 1996-02-08
    ➕
    VOGE, Julian Cecil Arthur appointed
    director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ronald Ralph Luttrell Munro Ferguson
Individual · British · DOB 06/1955 · age 71
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016

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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ASSYNT HYDRO LIMITED→
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———30033y8266y
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——£2.08M—23y8261y
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———023y8177y
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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1996-02-08
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Novar Estate Office
Evanton
Ross-Shire
IV16 9XL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26

Officers (3 active · 7 resigned)

MUNRO FERGUSON, Erica Susan→
secretary · appointed 2007-04-02
View their other companies + combined net worth →
Active
MUNRO FERGUSON, Erica Susan→
director · ~58y · appointed 2004-03-05
View their other companies + combined net worth →
Active
MUNRO FERGUSON, Ronald Ralph Luttrell→
director · ~71y · appointed 1996-06-27
View their other companies + combined net worth →
Active
BROADHEAD, Marianne Eve→
secretary · appointed 1996-06-27 · resigned 2002-10-21
Resigned
MUNRO FRGUSON, Erica→
secretary · appointed 2007-08-01 · resigned 2023-10-10
Resigned
ROSS, Cameron Andrew→
secretary · appointed 2002-10-21 · resigned 2008-01-31
Resigned
BRODIES WS→
corporate-nominee-secretary · appointed 1996-02-08 · resigned 1996-06-27
Resigned
BROADHEAD, Marianne Eve→
director · ~71y · appointed 1996-06-27 · resigned 2002-10-21
Resigned
CAMPBELL, Alistair Carnegie→
nominee-director · ~72y · appointed 1996-02-08 · resigned 1996-06-27
Resigned
VOGE, Julian Cecil Arthur→
director · ~68y · appointed 1996-02-08 · resigned 1996-06-27
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge1 property03/05/2018—
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property27/04/200930/05/2018
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property20/10/199619/04/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

change-person-director-company-with-change-date
officers · CH01
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-18