BOULFRUICH WIND FARM LIMITED

🌳Matureactive
SC171876 · ltd · incorporated 1997-01-29
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 Apr 2025
Net worth
£16.98M
book net assets
Opportunity
75/100
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 76-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 76). 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

10 live charges · 3 lenders · oldest 26.9y

35/100
too messy

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

  • · Oldest live charge is 26.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £16,980,780
Cash YoY
+15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4.5m
↑ 15% YoY
Net Worth
£17m
↑ 6.1% YoY
Current Assets
£15m
↑ 12% YoY
Current Liabilities
—
£0£3.4m£6.8m£10m£14m£17mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£17.53M£16.67M
Current assets£15.36M£13.77M
Cash£4.51M£3.91M
Debtors£10.85M£9.86M
Net assets£16.98M£16.00M

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2018-06-22
    🔒
    Charge registered #10
    Lender: Aib Group (UK) PLC
  11. 2018-06-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2018-06-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2018-06-08
    🔓
    Charge satisfied #5
  14. 2018-06-08
    🔓
    Charge satisfied #4
  15. 2018-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-01-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2016-01-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2015-01-14
    🔒
    Charge registered #9
    Lender: Aib Group (UK) PLC
  20. 2014-11-21
    🔒
    Charge registered #8
    Lender: Aib Group (UK) PLC
  21. 2014-11-21
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  22. 2014-11-18
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC
  23. 2009-07-01
    ➕
    HALL, Kathryn appointed
    director
  24. 2009-07-01
    ➕
    HALL, Matthew appointed
    director
  25. 2005-07-30
    🔓
    Charge satisfied #3
  26. 2005-03-24
    🔒
    Charge registered #5
    Lender: Triodos Bank Nv
  27. 2005-03-02
    🔓
    Charge satisfied #2
  28. 2005-02-25
    🔒
    Charge registered #4
    Lender: Triodos Bank Nv
  29. 2005-01-13
    🔒
    Charge registered #3
    Lender: Triodos Bank Nv
  30. 2004-11-12
    🔓
    Charge satisfied #1
  31. 2000-03-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  32. 1999-05-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  33. 1997-01-30
    ➕
    HALL, Kathryn appointed
    secretary
  34. 1997-01-30
    ➕
    HALL, Anthony appointed
    director
  35. 1997-01-29
    🏢
    Company incorporated
    As BOULFRUICH WIND FARM LIMITED
  36. 1997-01-29
    ➕
    REID, Brian appointed
    nominee-secretary
  37. 1997-01-29
    ➖
    REID, Brian resigned
    nominee-secretary
  38. 1997-01-29
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  39. 1997-01-29
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 76 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Anthony Hall
Individual · British · DOB 07/1950 · age 76
25–50%
—25-50% shares06/04/2016
Mrs Kathryn Hall
Individual · British · DOB 05/1951 · age 75
25–50%
—25-50% shares06/04/2016

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
HOY ENERGY LIMITED→
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——£4.67M—20y8266y
EVIE WIND ENERGY LIMITED→
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———018y8064y
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——£89.9k—20y8080y
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SC301103 · est 2006 · no financials extracted
————19y8066y
MIDDLETON ENERGY LTD→
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——£143.0k—14y8069y
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——£381.2k—12y7967y
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————14y7868y
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————14y——
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
Incorporated1997-01-29
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Boulfruich
Houstry
Dunbeath
Caithness
KW6 6EN

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (4 active · 2 resigned)

HALL, Kathryn→
secretary · appointed 1997-01-30
View their other companies + combined net worth →
Active
HALL, Anthony→
director · ~76y · appointed 1997-01-30
View their other companies + combined net worth →
Active
HALL, Kathryn→
director · ~75y · appointed 2009-07-01
View their other companies + combined net worth →
Active
HALL, Matthew→
director · ~44y · appointed 2009-07-01
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1997-01-29 · resigned 1997-01-29
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1997-01-29 · resigned 1997-01-29
Resigned

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

Mortgages & charges

10
Total charges
5
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—22/06/2018—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge2 properties14/01/2015—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—21/11/2014—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—21/11/2014—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—18/11/2014—
satisfied
Triodos Bank Nv
Standard security1 property24/03/200508/06/2018
satisfied
Triodos Bank Nv
Bond & floating charge1 property25/02/200508/06/2018
satisfied
Triodos Bank Nv
Bond & floating charge1 property13/01/200530/07/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/03/200002/03/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/05/199912/11/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-31