BURGAR HILL RENEWABLES LIMITED
🌳Matureactive
SC300971 · ltd · incorporated 2006-04-19
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 16.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£4.67M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueAsset-holding vehicle with a 66-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 16.8y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 16.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
68 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 declaredPositive net assets
Net assets £4,669,985
Cash YoY
+7%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3.0m
↑ 7.5% YoY
Net Worth
£4.7m
↑ 4.9% YoY
Current Assets
£3.1m
↓ 1.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £5.04M | £4.80M |
| Current assets | £3.13M | £3.17M |
| Cash | £3.00M | £2.79M |
| Debtors | £129.2k | £381.0k |
| Net assets | £4.67M | £4.45M |
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
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-02-25➖SPENCE, Douglas Steven resigneddirector
- 2026-02-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-02📄capital-name-of-class-of-sharescapital · SH08
- 2023-10-25📄memorandum-articlesincorporation · MA
- 2023-10-25📄resolutionresolution · RESOLUTIONS
- 2023-10-25📄resolutionresolution · RESOLUTIONS
- 2023-10-24📄capital-allotment-sharescapital · SH01
- 2023-10-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-30➖SPENCE, Mervyn Charles resigneddirector
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24🔓Charge satisfied #2
- 2023-04-24🔓Charge satisfied #1
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-01📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-02-01➕SPENCE, Melissa Jane appointeddirector
- 2014-08-22➕SPENCE, Douglas Steven appointeddirector
- 2009-06-26🔒Charge registered #2Lender: Triodos Bank Nv
- 2009-06-26🔒Charge registered #1Lender: Triodos Bank N.V
- 2006-04-19🏢Company incorporatedAs BURGAR HILL RENEWABLES LIMITED
- 2006-04-19➕SPENCE, Maureen Ann appointedsecretary
- 2006-04-19➕SPENCE, Maureen Ann appointeddirector
- 2006-04-19➕SPENCE, Mervyn Charles appointeddirector
Owner dependency
91/100
Critical — business is the founderThe 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 66 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mervyn Charles Spence Individual · British · DOB 10/1957 · age 69 | 25–50% | — | 25-50% shares | 04/04/2018 |
Ms Maureen Ann Spence Individual · British · DOB 09/1960 · age 66 | — | — | sig. influencesignificant influence | 03/09/2016 |
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 →Similar companies
Active · Energy & utilities · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HOY ENERGY LIMITED→ SC365871 · est 2009 | — | — | — | 7 | 16y | 83 | 74y |
| AYRENERGY LIMITED→ SC363794 · est 2009 | — | — | £3.73M | — | 16y | 82 | 80y |
| EVIE WIND ENERGY LIMITED→ SC329339 · est 2007 | — | — | — | 0 | 18y | 80 | 64y |
| HAMMARS HILL ENERGY LIMITED→ SC301103 · est 2006 · no financials extracted | — | — | — | — | 19y | 80 | 66y |
| A & G INSTALLS LIMITED→ SC501955 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| BOULFRUICH WIND FARM LIMITED→ SC171876 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| FLEX HILL LTD→ SC293396 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GAUDIE & MUIR LIMITED→ SC416181 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| GRIMSETTER 2024 LTD→ SC838997 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MIDDLETON ENERGY LTD→ SC410244 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| OAG RENEWABLES LIMITED→ SC407505 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ORBITAL PROJECTS 7 LIMITED→ SC758458 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Typeltd
Incorporated2006-04-19
Jurisdictionscotland
Primary SIC35110 — SIC 35110
Registered office
Roshaven
Evie
Orkney
KW17 2NJ
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-09
Last: 2025-04-25
Officers (3 active · 2 resigned)
SPENCE, Maureen Ann→
Activesecretary · appointed 2006-04-19
View their other companies + combined net worth →
SPENCE, Maureen Ann→
Activedirector · ~66y · appointed 2006-04-19
View their other companies + combined net worth →
SPENCE, Melissa Jane→
Activedirector · ~43y · appointed 2016-02-01
View their other companies + combined net worth →
SPENCE, Douglas Steven→
Resigneddirector · ~39y · appointed 2014-08-22 · resigned 2026-02-25
SPENCE, Mervyn Charles→
Resigneddirector · ~69y · appointed 2006-04-19 · resigned 2023-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Triodos Bank Nv | Standard security | 1 property | 26/06/2009 | 24/04/2023 | |
| satisfied | Triodos Bank N.V | Bond & floating charge | 1 property | 26/06/2009 | 24/04/2023 |
Recent filings (68 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-08
capital-name-of-class-of-shares
capital · SH08
2023-11-02
memorandum-articles
incorporation · MA
2023-10-25
resolution
resolution · RESOLUTIONS
2023-10-25
resolution
resolution · RESOLUTIONS
2023-10-25
capital-allotment-shares
capital · SH01
2023-10-24
termination-director-company-with-name-termination-date
officers · TM01
2023-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-30
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-24