FLEX HILL LTD

🌳Matureactive

SC293396 · ltd · incorporated 2005-11-18

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

—

year to Nov 2025

Net worth

£89.9k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

Investor take

Pursue

Asset-holding vehicle with a 80-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -47% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

50 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £89,899

Net assets shrinking

Down £8,043 YoY

Cash draining

Cash down 47% YoY

Cash YoY

-47%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£7k

↓ 47% YoY

Net Worth

£90k

↓ 8.2% YoY

Current Assets

£12k

↓ 34% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-11-30	2024-11-30
Total assets	£101.1k	£111.0k
Current assets	£11.6k	£17.6k
Cash	£6.8k	£12.8k
Debtors	£4.8k	£4.8k
Net assets	£89.9k	£97.9k

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-04-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-29
📄
change-person-director-company-with-change-date
officers · CH01
2018-04-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-12-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-02-27
➖
MILLER, Donald resigned
director
2011-08-01
➕
MILLER, Joshua Rex appointed
director
2005-11-18
🏢
Company incorporated
As FLEX HILL LTD
2005-11-18
➕
MILLER, Jane Day appointed
secretary
2005-11-18
➕
MILLER, Jane Day appointed
director
2005-11-18
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2005-11-18
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2005-11-18
➕
MILLER, Donald appointed
director

Owner dependency

91/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 80 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 20 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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Joshua Rex Miller Individual · British · DOB 12/1974 · age 52	75–100%	—	75-100% shares	06/04/2016

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.

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BURGAR HILL RENEWABLES LIMITED→ SC300971 · est 2006	—	—	£4.67M	—	20y	82	66y
EVIE WIND ENERGY LIMITED→ SC329339 · est 2007	—	—	—	0	18y	80	64y
HAMMARS HILL ENERGY LIMITED→ SC301103 · est 2006 · no financials extracted	—	—	—	—	19y	80	66y
CLYNEMILTON ENERGY LTD→ SC456570 · est 2013	—	—	—	—	12y	79	74y
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BOULFRUICH WIND FARM LIMITED→ SC171876 · est 1997 · no financials extracted	—	—	—	—	29y	—	—
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GRIMSETTER 2024 LTD→ SC838997 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MIDDLETON ENERGY LTD→ SC410244 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated2005-11-18

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

Bilbster Mains

Wick

Caithness

KW1 4TA

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-11-19

Last: 2025-11-05

Officers (3 active · 2 resigned)

MILLER, Jane Day→

secretary · appointed 2005-11-18

View their other companies + combined net worth →

Active

MILLER, Jane Day→

director · ~80y · appointed 2005-11-18

View their other companies + combined net worth →

Active

MILLER, Joshua Rex→

director · ~52y · appointed 2011-08-01

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2005-11-18 · resigned 2005-11-18

Resigned

MILLER, Donald→

director · ~84y · appointed 2005-11-18 · resigned 2013-02-27

Resigned

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