CORTES RENEWABLES LTD
Opportunity 71/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
5 live charges · 2 lenders · oldest 11.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.21M | £1.21M |
| Current assets | £559.4k | £512.5k |
| Cash | £249.5k | £365.2k |
| Debtors | £309.9k | £147.3k |
| Net assets | £357.7k | £254.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (25 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-17📄memorandum-articlesincorporation · MA
- 2023-04-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-16📄resolutionresolution · RESOLUTIONS
- 2023-01-10📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-01-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-01➕CAMPBELL, Jill appointedsecretary
- 2023-01-01➖CAMPBELL, Ian James resigneddirector
- 2022-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-09-13📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2015-03-27🔒Charge registered #5Lender: Close Leasing Limited and Its Successors in Title, Assignees and Transferees
- 2015-02-24🔒Charge registered #4Lender: Close Leasing Limited
- 2015-02-20🔒Charge registered #3Lender: Close Leasing Limited
- 2015-02-20🔒Charge registered #2Lender: Close Leasing Limited
- 2015-02-20🔒Charge registered #1Lender: Close Leasing Limited
- 2012-11-23🏢Company incorporatedAs CORTES RENEWABLES LTD
- 2012-11-23➕CAMPBELL, Colin Ian appointeddirector
- 2012-11-23➕CAMPBELL, Ian James appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Colin Ian Campbell Individual · Scottish · DOB 04/1971 · age 55 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Ian James Campbellceased 17/04/2023· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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| ABERDEEN CITY METALS LIMITED→ SC773538 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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8 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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Leasing and Its Successors in Title, Assignees and Transferees Close Leasing Limited and Its Successors in Title, Assignees and Transferees | A registered charge | 1 property | 27/03/2015 | — | |
| outstanding | Close Leasing Close Leasing Limited | A registered charge | 1 property | 24/02/2015 | — | |
| outstanding | Close Leasing Close Leasing Limited | A registered charge | — | 20/02/2015 | — | |
| outstanding | Close Leasing Close Leasing Limited | A registered charge | — | 20/02/2015 | — | |
| outstanding | Close Leasing Close Leasing Limited | A registered charge | — | 20/02/2015 | — |