HEBRIDEAN ENERGY LIMITED

💤Zombieactive
SC235072 · ltd · incorporated 2002-08-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£1.37M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 8.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £1,374,029

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.4m
↑ 209% YoY
Current Assets
£5k
↓ 82% YoY
Current Liabilities
—
-£1.3m-£736k-£209k£319k£846k£1.4mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£802.2k£-291.8k
Current assets£5.2k£29.7k
Net assets£1.37M£-1.26M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (27 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-07-01
    ➖
    MACMILLAN, Lynne Elizabeth resigned
    director
  4. 2025-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-01-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-02-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2018-02-11
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  13. 2017-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-09-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-09-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2017-09-26
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2017-09-22
    ➕
    MACMILLAN, Lynne Elizabeth appointed
    director
  18. 2016-12-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2008-02-22
    ➖
    MAC MILLAN, Lynne Elizabeth Gibson resigned
    director
  20. 2008-02-21
    ➕
    MAC MILLAN, Calum appointed
    secretary
  21. 2008-02-21
    ➕
    MAC MILLAN, Calum appointed
    director
  22. 2008-01-29
    ➖
    MAC MILLAN, Calum resigned
    secretary
  23. 2008-01-29
    ➖
    MAC MILLAN, Calum resigned
    director
  24. 2005-04-26
    ➕
    MAC MILLAN, Calum appointed
    director
  25. 2002-08-08
    🏢
    Company incorporated
    As HEBRIDEAN ENERGY LIMITED
  26. 2002-08-08
    ➕
    MAC MILLAN, Calum appointed
    secretary
  27. 2002-08-08
    ➕
    MAC MILLAN, Lynne Elizabeth Gibson appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 24 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Lynne Macmillan
Individual · Scottish · DOB 05/1965 · age 61
25–50%
—25-50% shares01/04/2017
Mr Calum Macmillan
Individual · Scottish · DOB 05/1966 · age 60
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Energy & utilities · HS postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BARRA AND VATERSAY WIND ENERGY LIMITED→
SC382572 · est 2010
——£1.21M—15y7967y
HEBRIDES ENERGY COMMUNITY INTEREST COMPANY→
SC516732 · est 2015 · no financials extracted
————10y7877y
EILEAN SIAR ENERGY LTD→
SC855226 · est 2025 · no financials extracted
—————7678y
GALSON ENERGY LIMITED→
SC271325 · est 2004
——£2.17M—21y7677y
CLIMATE HEBRIDES CIC→
SC733021 · est 2022 · no financials extracted
————3y7572y
GARRYHEILLIE WIND LIMITED→
SC491160 · est 2014
——£63.6k—11y7557y
ENERGEE CUBES LIMITED→
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——£100—3y7157y
HIGHLANDS & ISLANDS SEWAGE TREATMENT SYSTEMS LIMITED→
SC812543 · est 2024
————1y7054y
BARRA AND VATERSAY ENVIRONMENTAL SERVICES LIMITED→
SC382570 · est 2010
——£-25.0k—15y6468y
ARNISH COMMUNITY WINDFARM LIMITED→
SC784118 · est 2023 · no financials extracted
————2y——
EILEAN ENVIRONMENTAL SERVICES LIMITED→
SC440004 · est 2013 · no financials extracted
————13y——
MACDONALD WIND LTD→
SC444265 · est 2013 · no financials extracted
————13y——
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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2002-08-08
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Fairview 275 Daliburgh
Isle Of South Uist
Outer Hebrides
HS8 5SS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05

Officers (2 active · 4 resigned)

MAC MILLAN, Calum→
secretary · appointed 2008-02-21
View their other companies + combined net worth →
Active
MAC MILLAN, Calum→
director · ~60y · appointed 2008-02-21
View their other companies + combined net worth →
Active
MAC MILLAN, Calum→
secretary · appointed 2002-08-08 · resigned 2008-01-29
Resigned
MAC MILLAN, Calum→
director · ~60y · appointed 2005-04-26 · resigned 2008-01-29
Resigned
MAC MILLAN, Lynne Elizabeth Gibson→
director · ~61y · appointed 2002-08-08 · resigned 2008-02-22
Resigned
MACMILLAN, Lynne Elizabeth→
director · ~61y · appointed 2017-09-22 · resigned 2025-07-01
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
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property11/02/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
termination-director-company-with-name-termination-date
officers · TM01
2025-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-01
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-01