THORKELL RENEWABLE ENERGY LIMITED

🌳Matureactive

SC365949 · ltd · incorporated 2009-09-23

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 Dec 2025

Net worth

—

book net assets

Opportunity

81/100

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 66-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

12 officers (6 active, 12 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

11 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

81/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-12-31	2024-12-31
Average employees	0	0

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

🔒Filing-note intelligence

2 signals 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

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (36 events)Click to expand

2026-04-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-11
➕
PYKE, Steven Jon appointed
director
2021-09-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-07-29
➕
WOOD, Erlend John appointed
director
2021-07-29
➖
DAVIES, Gareth John, Dr resigned
director
2021-07-29
➖
RENDALL, Bryan John resigned
director
2020-11-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-11-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-11-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-11-20
➕
CLYDE, Torquil appointed
director
2020-11-20
➖
AUSTIN, Michael Tyrie resigned
director
2020-11-20
➕
DAVIES, Gareth John, Dr appointed
director
2020-08-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-08-14
➖
HEDDLE, James Ian resigned
director
2019-09-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-23
📄
resolution
resolution · RESOLUTIONS
2017-02-14
➕
SPENCE, Magnus John Sinclair appointed
director
2011-06-25
➖
SPENCE, Albert Brown resigned
director
2010-07-02
➕
SCHOLES, Karen appointed
secretary
2010-07-02
➕
GAULD, Richard appointed
director
2010-07-02
➕
AUSTIN, Michael Tyrie appointed
director
2010-07-02
➕
HEDDLE, James Ian appointed
director
2010-07-02
➖
LONG, Kenneth Burnie resigned
director
2010-07-02
➕
RENDALL, Bryan John appointed
director
2010-07-02
➕
SPENCE, Albert Brown appointed
director
2009-09-23
🏢
Company incorporated
As THORKELL RENEWABLE ENERGY LIMITED
2009-09-23
➕
LONG, Kenneth Burnie 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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 17 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.)

Group structure

Orkney Renewable Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Orkney Renewable Energy Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

THORKELL RENEWABLE ENERGY LIMITED

This company · SC365949

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Orkney Renewable Energy Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	01/01/2017

4 historic (ceased) PSCs

Mr Bryan John Rendallceased 01/01/2017· significant influence
Mr James Ian Heddleceased 01/01/2017· significant influence
Mr Richard Gauldceased 01/01/2017· significant influence
Mr Michael Austinceased 01/01/2017· significant influence

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
BURGAR HILL RENEWABLES LIMITED→ SC300971 · est 2006	—	—	£4.67M	—	20y	82	66y
EVIE WIND ENERGY LIMITED→ SC329339 · est 2007	—	—	—	0	18y	80	64y
FLEX HILL LTD→ SC293396 · est 2005	—	—	£89.9k	—	20y	80	80y
HAMMARS HILL ENERGY LIMITED→ SC301103 · est 2006 · no financials extracted	—	—	—	—	19y	80	66y
MIDDLETON ENERGY LTD→ SC410244 · est 2011	—	—	£143.0k	—	14y	80	69y
CLYNEMILTON ENERGY LTD→ SC456570 · est 2013	—	—	—	—	12y	79	74y
GRIMSETTER LIMITED→ SC452413 · est 2013	—	—	£381.2k	—	12y	79	67y
ENYAS HILL WIND FARM LTD→ SC422157 · est 2012	—	—	—	—	14y	78	68y
G & S SINCLAIR LIMITED→ SC480452 · est 2014	—	—	£218.8k	—	11y	78	62y
GAUDIE & MUIR LIMITED→ SC416181 · est 2012	—	—	£81.3k	—	14y	78	78y

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

Incorporated2009-09-23

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

8 Albert Street

Kirkwall

Orkney

KW15 1HP

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-10-07

Last: 2025-09-23