CETO WAVE ENERGY UK LIMITED

🌳Matureactive
SC441411 · ltd · incorporated 2013-01-29
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (77/100)

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
Confirmed no charges registered
85
Directors & officers
10 officers (2 active, 10 linked, 9 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees2200

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
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-02-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2025-02-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-02-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-02-04
    ➕
    SHIELDS, Anthony Ward appointed
    director
  6. 2025-02-04
    ➖
    STINSON, Terry resigned
    director
  7. 2024-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-12-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2023-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2022-02-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-02-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-12-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2020-10-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2020-06-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2019-06-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-06-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-06-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  18. 2019-03-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2018-11-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2018-09-30
    ➖
    OTTAVIANO, Michael Edward, Dr resigned
    director
  21. 2018-06-30
    ➖
    O'BRIEN, Kieran James resigned
    director
  22. 2017-11-15
    ➕
    STINSON, Terry appointed
    director
  23. 2015-12-31
    ➖
    MACASKILL, Allan resigned
    director
  24. 2014-11-10
    ➖
    LEGGATE, John Stephen resigned
    director
  25. 2013-01-29
    🏢
    Company incorporated
    As CETO WAVE ENERGY UK LIMITED
  26. 2013-01-29
    ➕
    MOONEY, Grant Jonathan appointed
    director
  27. 2013-01-29
    ➕
    TRAINER, Peter appointed
    secretary
  28. 2013-01-29
    ➖
    TRAINER, Peter resigned
    secretary
  29. 2013-01-29
    ➕
    LEGGATE, John Stephen appointed
    director
  30. 2013-01-29
    ➕
    MACASKILL, Allan appointed
    director
  31. 2013-01-29
    ➕
    MCINTOSH, Susan appointed
    director
  32. 2013-01-29
    ➖
    MCINTOSH, Susan resigned
    director
  33. 2013-01-29
    ➕
    O'BRIEN, Kieran James appointed
    director
  34. 2013-01-29
    ➕
    OTTAVIANO, Michael Edward, Dr appointed
    director
  35. 2013-01-29
    ➕
    TRAINER, Peter appointed
    director
  36. 2013-01-29
    ➖
    TRAINER, Peter resigned
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Carnegie Clean Energy Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Carnegie Clean Energy Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
CETO WAVE ENERGY UK LIMITED
This company · SC441411

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%
NameSharesVoting rightsNature of controlNotified
Carnegie Clean Energy Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2013-01-29
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

5 South Gyle Crescent Lane
Edinburgh
EH12 9EG
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (2 active · 8 resigned)

MOONEY, Grant Jonathan→
director · ~59y · appointed 2013-01-29
View their other companies + combined net worth →
Active
SHIELDS, Anthony Ward→
director · ~52y · appointed 2025-02-04
View their other companies + combined net worth →
Active
TRAINER, Peter→
secretary · appointed 2013-01-29 · resigned 2013-01-29
Resigned
LEGGATE, John Stephen→
director · ~79y · appointed 2013-01-29 · resigned 2014-11-10
Resigned
MACASKILL, Allan→
director · ~71y · appointed 2013-01-29 · resigned 2015-12-31
Resigned
MCINTOSH, Susan→
director · ~56y · appointed 2013-01-29 · resigned 2013-01-29
Resigned
O'BRIEN, Kieran James→
director · ~79y · appointed 2013-01-29 · resigned 2018-06-30
Resigned
OTTAVIANO, Michael Edward, Dr→
director · ~53y · appointed 2013-01-29 · resigned 2018-09-30
Resigned
STINSON, Terry→
director · ~68y · appointed 2017-11-15 · resigned 2025-02-04
Resigned
TRAINER, Peter→
director · ~74y · appointed 2013-01-29 · resigned 2013-01-29
Resigned

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

Recent filings (55 total)

accounts-with-accounts-type-small
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-small
accounts · AA
2025-02-27
appoint-person-director-company-with-name-date
officers · AP01
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
termination-director-company-with-name-termination-date
officers · TM01
2025-02-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-01
accounts-with-accounts-type-small
accounts · AA
2023-12-21
accounts-with-accounts-type-small
accounts · AA
2023-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-16
change-person-director-company-with-change-date
officers · CH01
2022-02-07
change-person-director-company-with-change-date
officers · CH01
2022-02-07
accounts-with-accounts-type-small
accounts · AA
2021-12-09