VPI POWER LIMITED
🌳Matureactive
SC189124 · ltd · incorporated 1998-09-07
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
72/100
Strong
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
47 live charges · 6 lenders · oldest 7.2y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (58/100)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
47 charges (47/47 with lender, 47/47 with type)
90
Directors & officers
37 officers (3 active, 37 linked, 26 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
308 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
7
filings
- • 4 mortgage
- • 1 confirmation-statement
- • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (186 events)Click to expand
- 2025-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-26🔓Charge satisfied #46
- 2025-11-26🔓Charge satisfied #45
- 2025-11-26🔓Charge satisfied #44
- 2025-11-21🔒Charge registered #47Lender: Lloyds Bank PLC as Security Trustee for the Secured Parties.
- 2025-11-10📄memorandum-articlesincorporation · MA
- 2025-11-10📄resolutionresolution · RESOLUTIONS
- 2025-10-08📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-03-11➖ESSEX, Elizabeth Jane resignedsecretary
- 2025-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-31➕SOLOMON, Joshua Kyle appointeddirector
- 2024-12-31➖WHITE, Adam resigneddirector
- 2024-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-09📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-20➕WARREN, Lee Stuart appointeddirector
- 2023-06-20➖BRIGNALL, David, Mr. resigneddirector
- 2023-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13🔒Charge registered #46Lender: Lloyds Bank PLC
- 2022-12-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-16➕PIKUNIC, Jorge appointeddirector
- 2022-12-16➖HALE, Simon Robert resigneddirector
- 2022-12-16➕WHITE, Adam appointeddirector
- 2022-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-17🔒Charge registered #45Lender: Lloyds Bank PLC
- 2021-09-23🔒Charge registered #44Lender: Lloyds Bank PLC
- 2021-02-02🔓Charge satisfied #43
- 2021-02-02🔓Charge satisfied #42
- 2021-02-02🔓Charge satisfied #41
- 2021-02-02🔓Charge satisfied #40
- 2021-02-02🔓Charge satisfied #39
- 2021-02-02🔓Charge satisfied #38
- 2021-02-02🔓Charge satisfied #37
- 2021-02-02🔓Charge satisfied #36
- 2021-02-02🔓Charge satisfied #35
- 2021-02-02🔓Charge satisfied #34
- 2021-02-02🔓Charge satisfied #33
- 2021-02-02🔓Charge satisfied #32
- 2021-02-02🔓Charge satisfied #31
- 2021-02-02🔓Charge satisfied #30
Showing most recent 50 of 186 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
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
Vpi Generation Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Vpi Generation Limited
Corporate parent · holds 75-100% shares
⬇
VPI POWER LIMITED
This company · SC189124
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 |
|---|---|---|---|---|
Vpi Generation Limited Corporate entity | 75–100% | — | 75-100% shares | 31/01/2021 |
2 historic (ceased) PSCs
- Drax Smart Generation Holdco Limitedceased 31/01/2021· 75-100% shares · 75-100% voting · board control
- Scottish Power Generation Holdings Limitedceased 31/12/2018· 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
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|---|---|---|---|---|---|---|---|
| CANTLAYHILLS ENERGY LIMITED→ SC554492 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CHRISSANTUS INVESTMENT LIMITED→ SC532922 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CLACH ENERGY STORAGE LIMITED→ SC882598 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CNOC CAILLICHE ENERGY COMMUNITY INTEREST COMPANY→ SC532295 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| COMMERCIAL WATER SOLUTIONS LTD→ SC295392 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| DALRY COMMUNITY WIND FARM LIMITED→ SC374557 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| DALTON GROUP LIMITED→ SC088385 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| DRUIM LEATHANN WINDFARM LIMITED→ SC414109 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| DULSIE WOOD WIND FARM LIMITED→ SC769888 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DUNDEE WASTE MANAGEMENT LIMITED→ SC666467 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| EARLSBURN WIND ENERGY LIMITED→ SC254429 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| EDINBURGH ENVIRONMENTAL SERVICES LTD→ SC637761 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1998-09-07
Jurisdictionscotland
Primary SIC35110 — SIC 35110
Registered office
Building 1 9 Haymarket Square
Edinburgh
EH3 8RY
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29
Officers (3 active · 34 resigned)
PIKUNIC, Jorge→
Activedirector · ~50y · appointed 2022-12-16
View their other companies + combined net worth →
SOLOMON, Joshua Kyle→
Activedirector · ~32y · appointed 2024-12-31
View their other companies + combined net worth →
WARREN, Lee Stuart→
Activedirector · ~56y · appointed 2023-06-20
View their other companies + combined net worth →
DAVIES, Michael Howard→
Resignedsecretary · appointed 2011-01-07 · resigned 2014-12-31
DUFFIELD, Sheelagh Jane→
Resignedsecretary · appointed 2007-08-31 · resigned 2007-10-26
ESSEX, Elizabeth Jane→
Resignedsecretary · appointed 2021-01-31 · resigned 2025-03-11
GLADDEN, Brett→
Resignedsecretary · appointed 2019-02-01 · resigned 2021-01-31
GREGG, Rhona→
Resignedsecretary · appointed 2006-06-30 · resigned 2007-08-31
MCCALLUM, David→
Resignedsecretary · appointed 2018-12-31 · resigned 2019-01-31
MCPHERSON, Donald James→
Resignedsecretary · appointed 2003-05-01 · resigned 2006-06-30
MEIKLEJOHN, Iain Maury Campbell→
Resignednominee-secretary · appointed 1998-09-07 · resigned 1998-12-01
MITCHELL, Andrew Ross→
Resignedsecretary · appointed 1998-12-01 · resigned 2003-05-01
ORR, Alistair→
Resignedsecretary · appointed 2014-12-31 · resigned 2018-12-31
ROSS, Marie Isobel→
Resignedsecretary · appointed 2007-10-26 · resigned 2011-01-07
BERRY, Charles Andrew→
Resigneddirector · ~74y · appointed 2001-08-14 · resigned 2005-09-06
BRIGNALL, David, Mr.→
Resigneddirector · ~60y · appointed 2021-01-31 · resigned 2023-06-20
BRYCE, Alan Alexander→
Resigneddirector · ~66y · appointed 2003-04-01 · resigned 2006-10-16
CAMPBELL, John Alexander→
Resigneddirector · ~60y · appointed 2005-09-06 · resigned 2011-08-31
CHALMERS WHITE, Heather→
Resigneddirector · ~62y · appointed 2007-09-30 · resigned 2018-12-31
CLITHEROE, Neil David→
Resigneddirector · ~53y · appointed 2011-11-14 · resigned 2018-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
47
Total charges
1
Outstanding
1
Active lenders
Status:Lender:47 of 47 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC as Security Trustee for the Secured Parties. | A registered charge | 2 properties | 21/11/2025 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 13/02/2023 | 26/11/2025 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 17/12/2021 | 26/11/2025 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 23/09/2021 | 26/11/2025 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 3 properties | 18/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 3 properties | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | 1 property | 06/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 3 properties | 04/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | — | 04/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch as Security Trustee | A registered charge | — | 04/11/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 3 properties | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 26/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | — | 18/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | — | 18/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 3 properties | 18/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 3 properties | 14/08/2020 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 24/07/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent). | A registered charge | 5 properties | 16/05/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 12/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | — | 12/02/2019 | 02/02/2021 | |
| satisfied | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | — | 12/02/2019 | 02/02/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (308 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-26
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-26
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-26
memorandum-articles
incorporation · MA
2025-11-10
resolution
resolution · RESOLUTIONS
2025-11-10
accounts-with-accounts-type-full
accounts · AA
2025-10-08
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
appoint-person-director-company-with-name-date
officers · AP01
2025-01-06
termination-director-company-with-name-termination-date
officers · TM01
2025-01-06
accounts-with-accounts-type-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-full
accounts · AA
2023-11-09