SPIRIT NORTH SEA GAS LIMITED
🌳Matureactive
SC182822 · ltd · incorporated 1998-02-09
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
78/100
Strong
What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 59). Share purchase looks the cleaner deal structure. 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 (73/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 27.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
52 officers (2 active, 52 linked, 47 with DOB)
88
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
246 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (137 events)Click to expand
- 2025-09-10📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-18➕HEPBURN, Peter Wilson appointeddirector
- 2025-07-18➖MCGINIGAL, Scott resigneddirector
- 2025-03-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-13➖KABRA, Girish Rajkumar resigneddirector
- 2024-09-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-30➖JONES, Dennis Gareth resigneddirector
- 2024-08-14📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-07-31➕HARRISON, Nicholas Charles appointeddirector
- 2024-07-31➖MACLEOD, Nicola resignedsecretary
- 2024-07-31➖MACLEOD, Nicola Jane resigneddirector
- 2023-10-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-29➖MCCULLOCH, Neil James resigneddirector
- 2023-09-29➕MCGINIGAL, Scott appointeddirector
- 2023-07-25📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-05➕KABRA, Girish Rajkumar appointeddirector
- 2022-07-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-24➖HARRISON, Gerald Martin resigneddirector
- 2021-07-26📄accounts-with-accounts-type-fullaccounts · AA
- 2020-07-29📄accounts-with-accounts-type-fullaccounts · AA
- 2020-06-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-11-01➕JONES, Dennis Gareth appointeddirector
- 2019-05-31➖LE POIDEVIN, Andrew Daryl resigneddirector
- 2019-01-29➕MACLEOD, Nicola appointedsecretary
- 2019-01-01➕MCCULLOCH, Neil James appointeddirector
- 2018-12-31➖CENTRICA SECRETARIES LIMITED resignedcorporate-secretary
- 2018-12-31➖MARTINSEN, Rune resigneddirector
- 2018-09-11➕MACLEOD, Nicola Jane appointeddirector
- 2018-06-01➕HARRISON, Gerald Martin appointeddirector
- 2018-06-01➕MARTINSEN, Rune appointeddirector
- 2018-05-31➖TANNER, Paul Martyn, Roger resigneddirector
- 2018-05-31➖WEIR, Fraser Dawson resigneddirector
- 2017-12-08➖REDCLIFFE, Charlotte resigneddirector
- 2017-12-08➕WEIR, Fraser Dawson appointeddirector
- 2017-04-14➖LUMLEY, Nicholas Ward resigneddirector
- 2016-07-13➖BEVINGTON, Andrew Richard resigneddirector
- 2016-07-13➖COX, Christopher Martin resigneddirector
- 2016-07-13➖LAPPIN, Mark Stephen resigneddirector
- 2016-07-13➕LE POIDEVIN, Andrew Daryl appointeddirector
- 2016-07-13➕LUMLEY, Nicholas Ward appointeddirector
Showing most recent 50 of 137 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·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
Spirit Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Spirit Energy Limited
Corporate parent · holds 75-100% shares · board control
⬇
SPIRIT NORTH SEA GAS LIMITED
This company · SC182822
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 |
|---|---|---|---|---|
Spirit Energy Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/09/2017 |
1 historic (ceased) PSC
- Gb Gas Holdings Limitedceased 29/09/2017· 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.
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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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1998-02-09
Jurisdictionscotland
Primary SIC06100 — SIC 06100
Registered office
5th Floor
Iq Building 15 Justice Mill Lane
Aberdeen
AB11 6EQ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-24
Last: 2025-06-10
Officers (2 active · 50 resigned)
HARRISON, Nicholas Charles→
Activedirector · ~59y · appointed 2024-07-31
View their other companies + combined net worth →
HEPBURN, Peter Wilson→
Activedirector · ~55y · appointed 2025-07-18
View their other companies + combined net worth →
HOBDEN, Brian→
Resignedsecretary · appointed 2002-03-25 · resigned 2006-11-15
MACLEOD, Nicola→
Resignedsecretary · appointed 2019-01-29 · resigned 2024-07-31
WAITE, Simon Nicholas→
Resignedsecretary · appointed 2006-11-15 · resigned 2009-10-02
CENTRICA SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2009-10-02 · resigned 2018-12-31
STRONACHS→
Resignedcorporate-nominee-secretary · appointed 1998-02-09 · resigned 2002-03-25
ALLERTON, Marshall→
Resigneddirector · ~55y · appointed 2012-04-16 · resigned 2013-10-16
ASTELL, Michael Peter→
Resigneddirector · ~60y · appointed 2011-12-13 · resigned 2013-11-15
BARTHOLOMEW, Iain Douglas, Dr→
Resigneddirector · ~68y · appointed 2010-02-08 · resigned 2014-01-01
BEGBIE, Roderick Mcintosh→
Resigneddirector · ~60y · appointed 2007-09-03 · resigned 2009-10-02
BEVINGTON, Andrew Richard→
Resigneddirector · ~58y · appointed 2014-01-01 · resigned 2016-07-13
BIRD, Christopher Terence→
Resigneddirector · ~66y · appointed 2010-02-08 · resigned 2012-04-16
CLAYTON, Marie-Louise→
Resigneddirector · ~66y · appointed 2005-02-14 · resigned 2007-12-06
COHEN, Colette Brigid→
Resigneddirector · ~58y · appointed 2014-01-01 · resigned 2016-06-30
COX, Christopher Martin→
Resigneddirector · ~65y · appointed 2016-03-01 · resigned 2016-07-13
DE LEEUW, Paul→
Resigneddirector · ~62y · appointed 2011-05-11 · resigned 2013-08-16
DINGWALL, Bruce Alan Ian→
Resigneddirector · ~67y · appointed 1998-09-01 · resigned 2004-09-09
FLEMING, Michael John→
Resigneddirector · ~68y · appointed 1998-02-09 · resigned 1999-12-21
HANAFIN, Vincent Mark→
Resigneddirector · ~67y · appointed 2009-10-02 · resigned 2010-02-08
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Fixed & floating charge agreement | 1 property | 08/11/2007 | 26/11/2009 | |
| satisfied | Barclays Barclays Bank PLC | Bond & floating charge | 1 property | 29/08/2007 | 26/11/2009 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 22/07/2005 | 27/09/2007 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Security Trustee | Floating charge | 1 property | 08/05/2003 | 15/09/2005 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 25/09/2001 | 14/05/2003 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 21/08/1998 | 24/12/2005 | |
| satisfied | 3I as Security Trustee 3I PLC as Security Trustee | Bond & floating charge | 1 property | 21/08/1998 | 02/05/2000 |
Recent filings (246 total)
accounts-with-accounts-type-full
accounts · AA
2025-09-10
change-person-director-company-with-change-date
officers · CH01
2025-07-28
change-person-director-company-with-change-date
officers · CH01
2025-07-28
appoint-person-director-company-with-name-date
officers · AP01
2025-07-21
termination-director-company-with-name-termination-date
officers · TM01
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
termination-director-company-with-name-termination-date
officers · TM01
2025-03-21
termination-director-company-with-name-termination-date
officers · TM01
2024-09-03
accounts-with-accounts-type-full
accounts · AA
2024-08-14
appoint-person-director-company-with-name-date
officers · AP01
2024-08-09
termination-director-company-with-name-termination-date
officers · TM01
2024-08-05
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
appoint-person-director-company-with-name-date
officers · AP01
2023-10-12
termination-director-company-with-name-termination-date
officers · TM01
2023-10-12