ORKNEY MARINE OIL COMPANY LIMITED

🌳Matureactive
SC276310 · private-limited-guarant-nsc · incorporated 2004-11-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£142.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 46120
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 19.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
21 officers (5 active, 21 linked, 18 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
77
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 £142,423
Cash YoY
+57%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£102k
↑ 57% YoY
Net Worth
£142k
↑ 14% YoY
Current Assets
£212k
↑ 4.9% YoY
Current Liabilities
—
£0£42k£85k£127k£170k£212kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£142.4k£124.7k
Current assets£212.2k£202.4k
Cash£102.0k£65.0k
Debtors£77.6k£91.8k
Net assets£142.4k£124.7k

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
6
filings
  • • 5 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
  1. 2025-12-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2025-12-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-11-15
    ➕
    CLOUSTON, James appointed
    director
  7. 2025-11-15
    ➖
    CLOUSTON, James resigned
    director
  8. 2025-11-15
    ➖
    DENNISON, Sean Thomas resigned
    director
  9. 2025-11-15
    ➖
    HARCUS, John David resigned
    director
  10. 2025-11-15
    ➖
    ROBERTSON, Graham resigned
    director
  11. 2025-09-04
    ➖
    FENNELL, Hannah Louise resigned
    secretary
  12. 2025-09-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2025-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-11-26
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  19. 2020-11-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2020-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-11-01
    ➕
    FENNELL, Hannah Louise appointed
    secretary
  22. 2020-11-01
    ➖
    MATHESON, Fiona resigned
    secretary
  23. 2019-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2018-11-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2018-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2017-10-10
    ➖
    HARCUS, Ian Simpson resigned
    director
  27. 2017-10-10
    ➖
    RICHINGS, Charles Roy resigned
    director
  28. 2017-10-10
    ➕
    ROBERTSON, Graham appointed
    director
  29. 2016-04-29
    ➕
    CLOUSTON, James appointed
    director
  30. 2016-04-29
    ➕
    RICHINGS, Charles Roy appointed
    director
  31. 2015-04-29
    ➖
    GROAT, Richard James resigned
    director
  32. 2013-12-03
    ➖
    LEASK, David Albert resigned
    director
  33. 2012-01-01
    ➕
    MATHESON, Fiona appointed
    secretary
  34. 2011-12-31
    ➖
    COGHILL, Alan Andrew resigned
    secretary
  35. 2010-09-20
    ➖
    INKSTER, Robert Mainland resigned
    director
  36. 2007-02-14
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 2005-11-18
    ➕
    BUDGE, Kenny appointed
    director
  38. 2005-11-18
    ➕
    FOULIS, Martin appointed
    director
  39. 2005-11-18
    ➕
    GRIEVE, Lawrence John appointed
    director
  40. 2005-11-18
    ➖
    COGHILL, Alan Andrew resigned
    director
  41. 2005-11-18
    ➖
    COSTIE, Heddle Alexander Bain resigned
    director
  42. 2005-11-18
    ➖
    CRICHTON, Stewart George resigned
    director
  43. 2005-11-18
    ➕
    DENNISON, Sean Thomas appointed
    director
  44. 2005-11-18
    ➕
    GROAT, Richard James appointed
    director
  45. 2005-11-18
    ➕
    HARCUS, John David appointed
    director
  46. 2005-11-18
    ➕
    INKSTER, Robert Mainland appointed
    director
  47. 2005-11-18
    ➕
    LEASK, David Albert appointed
    director
  48. 2005-11-18
    ➖
    NORQUOY, Ronald Robertson resigned
    director
  49. 2004-11-22
    🏢
    Company incorporated
    As ORKNEY MARINE OIL COMPANY LIMITED
  50. 2004-11-22
    ➕
    HUTCHISON, Robert Alexander Pottinger appointed
    director
Showing most recent 50 of 56 events

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
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
5 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: FENNELL, Hannah Louise resigned 2025-09-04; CLOUSTON, James resigned 2025-11-15; DENNISON, Sean Thomas resigned 2025-11-15

🔒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
Incorporated2004-11-22
Jurisdictionscotland
Primary SIC46120 — SIC 46120

Registered office

4 Ferry Terminal Building
Kirkwall Pier
Kirkwall
Orkney
KW15 1HU

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22

Officers (5 active · 16 resigned)

BUDGE, Kenny→
director · ~61y · appointed 2005-11-18
View their other companies + combined net worth →
Active
CLOUSTON, James→
director · ~58y · appointed 2025-11-15
View their other companies + combined net worth →
Active
FOULIS, Martin→
director · ~60y · appointed 2005-11-18
View their other companies + combined net worth →
Active
GRIEVE, Lawrence John→
director · ~47y · appointed 2005-11-18
View their other companies + combined net worth →
Active
HUTCHISON, Robert Alexander Pottinger→
director · ~67y · appointed 2004-11-22
View their other companies + combined net worth →
Active
COGHILL, Alan Andrew→
secretary · appointed 2004-11-22 · resigned 2011-12-31
Resigned
FENNELL, Hannah Louise→
secretary · appointed 2020-11-01 · resigned 2025-09-04
Resigned
MATHESON, Fiona→
secretary · appointed 2012-01-01 · resigned 2020-11-01
Resigned
CLOUSTON, James→
director · ~51y · appointed 2016-04-29 · resigned 2025-11-15
Resigned
COGHILL, Alan Andrew→
director · ~86y · appointed 2004-11-22 · resigned 2005-11-18
Resigned
COSTIE, Heddle Alexander Bain→
director · ~56y · appointed 2004-11-22 · resigned 2005-11-18
Resigned
CRICHTON, Stewart George→
director · ~63y · appointed 2004-11-22 · resigned 2005-11-18
Resigned
DENNISON, Sean Thomas→
director · ~47y · appointed 2005-11-18 · resigned 2025-11-15
Resigned
GROAT, Richard James→
director · ~51y · appointed 2005-11-18 · resigned 2015-04-29
Resigned
HARCUS, Ian Simpson→
director · ~72y · appointed 2004-11-22 · resigned 2017-10-10
Resigned
HARCUS, John David→
director · ~79y · appointed 2005-11-18 · resigned 2025-11-15
Resigned
INKSTER, Robert Mainland→
director · ~76y · appointed 2005-11-18 · resigned 2010-09-20
Resigned
LEASK, David Albert→
director · ~58y · appointed 2005-11-18 · resigned 2013-12-03
Resigned
NORQUOY, Ronald Robertson→
director · ~62y · appointed 2004-11-22 · resigned 2005-11-18
Resigned
RICHINGS, Charles Roy→
director · ~39y · appointed 2016-04-29 · resigned 2017-10-10
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
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property14/02/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
appoint-person-director-company-with-name-date
officers · AP01
2025-12-12
termination-director-company-with-name-termination-date
officers · TM01
2025-12-12
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-24