FAIR ISLE ELECTRICITY COMPANY LIMITED

🌳Matureactive
SC196676 · private-limited-guarant-nsc · incorporated 1999-05-27
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 8.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 35120SIC 35120
  • 35130SIC 35130
  • 35140SIC 35140
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 8.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 8.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
14 officers (5 active, 14 linked, 12 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
79 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
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£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees00

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-03-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2018-03-12
    🔒
    Charge registered #1
    Lender: Big Lottery Fund
  11. 2017-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-09-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-06-16
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  14. 2015-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-07-10
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  16. 2014-10-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-07-13
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  18. 2010-06-01
    ➖
    TALLACK, Malachy John resigned
    director
  19. 2006-03-13
    ➕
    TALLACK, Malachy John appointed
    director
  20. 2004-11-08
    ➖
    ROSS-SMITH, Patrick James resigned
    director
  21. 2004-10-08
    ➕
    BEST, Ian Campbell appointed
    director
  22. 2004-10-08
    ➖
    TYLER, Glen Andrew, Doctor resigned
    director
  23. 2004-02-16
    ➕
    TYLER, Glen Andrew, Doctor appointed
    director
  24. 2003-06-02
    ➖
    BENNETT, Alexander Martin resigned
    director
  25. 2002-09-30
    ➖
    WELCH, Philip Sean resigned
    director
  26. 2001-07-18
    ➕
    ROSS-SMITH, Patrick James appointed
    director
  27. 2001-06-14
    ➖
    SINCLAIR, Barry Anthony resigned
    director
  28. 1999-06-30
    ➕
    WHEELER, David appointed
    secretary
  29. 1999-06-30
    ➕
    MITCHELL, Robert appointed
    director
  30. 1999-06-30
    ➕
    STOUT, Ruth appointed
    director
  31. 1999-06-30
    ➖
    ANDERSON STRATHERN WS resigned
    corporate-secretary
  32. 1999-06-30
    ➕
    BENNETT, Alexander Martin appointed
    director
  33. 1999-06-30
    ➖
    KERR, John Neilson resigned
    director
  34. 1999-06-30
    ➕
    SINCLAIR, Barry Anthony appointed
    director
  35. 1999-06-30
    ➖
    STIMPSON, Robin Mackay resigned
    director
  36. 1999-06-30
    ➕
    WELCH, Philip Sean appointed
    director
  37. 1999-05-27
    🏢
    Company incorporated
    As FAIR ISLE ELECTRICITY COMPANY LIMITED
  38. 1999-05-27
    ➕
    WHEELER, David appointed
    director
  39. 1999-05-27
    ➕
    ANDERSON STRATHERN WS appointed
    corporate-secretary
  40. 1999-05-27
    ➕
    KERR, John Neilson appointed
    director
  41. 1999-05-27
    ➕
    STIMPSON, Robin Mackay appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.

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 83 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Wheeler
Individual · British · DOB 01/1943 · age 83
——sig. influencesignificant influence01/05/2016

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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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
Typeprivate-limited-guarant-nsc
Incorporated1999-05-27
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Field
Fair Isle
Shetland
ZE2 9JU

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (5 active · 9 resigned)

WHEELER, David→
secretary · appointed 1999-06-30
View their other companies + combined net worth →
Active
BEST, Ian Campbell→
director · ~59y · appointed 2004-10-08
View their other companies + combined net worth →
Active
MITCHELL, Robert→
director · ~67y · appointed 1999-06-30
View their other companies + combined net worth →
Active
STOUT, Ruth→
director · ~61y · appointed 1999-06-30
View their other companies + combined net worth →
Active
WHEELER, David→
director · ~83y · appointed 1999-05-27
View their other companies + combined net worth →
Active
ANDERSON STRATHERN WS→
corporate-secretary · appointed 1999-05-27 · resigned 1999-06-30
Resigned
BENNETT, Alexander Martin→
director · ~72y · appointed 1999-06-30 · resigned 2003-06-02
Resigned
KERR, John Neilson→
director · ~70y · appointed 1999-05-27 · resigned 1999-06-30
Resigned
ROSS-SMITH, Patrick James→
director · ~70y · appointed 2001-07-18 · resigned 2004-11-08
Resigned
SINCLAIR, Barry Anthony→
director · ~86y · appointed 1999-06-30 · resigned 2001-06-14
Resigned
STIMPSON, Robin Mackay→
director · ~79y · appointed 1999-05-27 · resigned 1999-06-30
Resigned
TALLACK, Malachy John→
director · ~46y · appointed 2006-03-13 · resigned 2010-06-01
Resigned
TYLER, Glen Andrew, Doctor→
director · ~65y · appointed 2004-02-16 · resigned 2004-10-08
Resigned
WELCH, Philip Sean→
director · ~61y · appointed 1999-06-30 · resigned 2002-09-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Big Lottery Fund
A registered charge1 property12/03/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (79 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-04