COCKBURN ENERGY LTD
Opportunity 70/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £13.9k | £-3.1k |
| Current assets | £23.3k | £20.5k |
| Net assets | £13.9k | £-3.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (20 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-03-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-02-26🏢Company incorporatedAs COCKBURN ENERGY LTD
- 2013-02-26➕FULLERTON, Helen Scott appointeddirector
- 2013-02-26➕FULLERTON, James Allan appointeddirector
- 2013-02-26➕THOMSON, Sheena appointeddirector
- 2013-02-26📄change-account-reference-date-company-current-extendedaccounts · AA01
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 78 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 13 years.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-12
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Allan Fullerton Individual · British · DOB 07/1948 · age 78 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Helen Scott Fullerton Individual · British · DOB 01/1949 · age 77 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Sheena Thomson Individual · British · DOB 04/1975 · age 51 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| FLANNIGAN & BORDER SKIP HIRE AREA 2 LTD→ 10953075 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FLANNIGAN & BORDER SKIP HIRE AREA 3 LTD→ 10763213 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FLANNIGAN & BORDER SKIP HIRE AREA 4 LTD→ 10963227 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FLANNIGAN & BORDER SKIP HIRE AREA 6 LTD→ 13513498 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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 (3 active · 0 resigned)
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