EVANACHAN HYDRO LIMITED

🌳Matureactive

SC447397 · ltd · incorporated 2013-04-11

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 Jan 2025

Net worth

£126.0k

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

Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

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

7 officers (4 active, 7 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

11 connected companies via shared directors

Filing history

38 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £125,977

Net assets shrinking

Down £3,929 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£126k

↓ 3.0% YoY

Current Assets

£126k

↑ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-01-31	2024-01-31
Total assets	£126.0k	£129.9k
Current assets	£125.5k	£108.2k
Net assets	£126.0k	£129.9k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-06-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-10-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-02
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-04-25
➕
BARGE, Alastair Kenneth appointed
director
2013-04-25
➕
BARGE, Fiona Margaret appointed
director
2013-04-25
➕
DROVER, Richard William appointed
director
2013-04-25
➕
MCLAGGAN, Iona Jan Helen appointed
director
2013-04-25
➖
MACPHEE & PARTNERS resigned
corporate-secretary
2013-04-25
➖
BELL, Jonathan Richard Miles resigned
director
2013-04-25
➖
MACPHEE NOMINEES LIMITED resigned
corporate-director
2013-04-11
🏢
Company incorporated
As EVANACHAN HYDRO LIMITED
2013-04-11
➕
MACPHEE & PARTNERS appointed
corporate-secretary
2013-04-11
➕
BELL, Jonathan Richard Miles appointed
director
2013-04-11
➕
MACPHEE NOMINEES LIMITED appointed
corporate-director

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 69 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Fiona Margaret Barge Individual · British · DOB 07/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Alastair Kenneth Barge Individual · British · DOB 11/1957 · age 69	—	—	sig. influencesignificant influence	01/11/2016

1 historic (ceased) PSC

Mr Alastair Kenneth Bargeceased 31/10/2016· 25-50% shares · 25-50% voting

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 · PA postcode area

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AGM BUILDING SERVICES LIMITED→ SC549450 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ARDHU POWER LIMITED→ SC434955 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ARGYLL RESOURCES LIMITED→ SC335509 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
ATREIDES WIND SERVICES LTD→ SC770937 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BLACK SHED GENERATION LIMITED→ SC573763 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CLYDE METAL RECYCLING LTD.→ SC188912 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
CRF HYDRO POWER LIMITED→ SC359925 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
DUART ENERGY LIMITED→ SC800445 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
EARTH SOURCE TIDAL POWER LIMITED→ SC784070 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
FISHCROSS GENERATION LIMITED→ SC604768 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
FORSA ENERGY (BERYL STREET) HOLDINGS LIMITED→ SC573739 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
FORSA ENERGY (DRUMCROSS) HOLDINGS LIMITED→ SC573741 · est 2017 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated2013-04-11

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

Evanachan

Otter Ferry

Tighnabruaich

Argyll

PA21 2DH

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-05-25

Last: 2025-05-11

Officers (4 active · 3 resigned)

BARGE, Alastair Kenneth→

director · ~69y · appointed 2013-04-25

View their other companies + combined net worth →

Active

BARGE, Fiona Margaret→

director · ~66y · appointed 2013-04-25

View their other companies + combined net worth →

Active

DROVER, Richard William→

director · ~54y · appointed 2013-04-25

View their other companies + combined net worth →

Active

MCLAGGAN, Iona Jan Helen→

director · ~60y · appointed 2013-04-25

View their other companies + combined net worth →

Active

MACPHEE & PARTNERS→

corporate-secretary · appointed 2013-04-11 · resigned 2013-04-25

Resigned

BELL, Jonathan Richard Miles→

director · ~55y · appointed 2013-04-11 · resigned 2013-04-25

Resigned

MACPHEE NOMINEES LIMITED→

corporate-director · appointed 2013-04-11 · resigned 2013-04-25

Resigned

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