BALCAS SPV NO.2 LIMITED
🌳Matureactive
SC450100 · ltd · incorporated 2013-05-15
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 12.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 12.8y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 12.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 28/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (62/100)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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
15 officers (4 active, 15 linked, 15 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 address
Last 90 days
2
filings
- • 1 address
- • 1 persons-with-significant-control
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 address
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2026-04-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-01-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-02📄accounts-with-accounts-type-smallaccounts · AA
- 2024-09-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-24🔓Charge satisfied #1
- 2024-09-19📄accounts-with-accounts-type-smallaccounts · AA
- 2024-02-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-01-19➕PHILLIPS, Charlotte appointeddirector
- 2024-01-19➕SCOTT, Joseph David appointeddirector
- 2024-01-19➖BLACKBURN, Sophie Rebecca resigneddirector
- 2024-01-19➖HEINAM, Urmo resigneddirector
- 2024-01-04📄accounts-with-accounts-type-smallaccounts · AA
- 2023-05-05➕BLACKBURN, Sophie Rebecca appointeddirector
- 2023-05-05➕HEINAM, Urmo appointeddirector
- 2023-05-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-30➖IRELAND, Paul John resigneddirector
- 2023-04-30➖PRICE, Alexander resigneddirector
- 2023-01-01📄accounts-with-accounts-type-smallaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-smallaccounts · AA
- 2021-12-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-10-29➕GLENNON, Mike appointeddirector
- 2021-10-29➕GLENNON, Patrick John appointeddirector
- 2021-10-29➖GALLAGHER, Keith resigneddirector
- 2021-10-29➖MURPHY, Patrick Brian resigneddirector
- 2019-04-26➕PRICE, Alexander appointeddirector
- 2019-04-09➖CASHIN, Benjamin Matthew resigneddirector
- 2017-03-20➕IRELAND, Paul John appointeddirector
- 2017-03-16➖SHERVELL, Ian resigneddirector
- 2016-06-17➕CASHIN, Benjamin Matthew appointeddirector
- 2016-06-17➕GALLAGHER, Keith appointeddirector
- 2016-06-09➖ARCHER, Egan Douglas, Dr resigneddirector
- 2016-06-09➖KIDNEY, Ernest Smith resigneddirector
- 2015-03-25➖CASHIN, Benjamin Matthew resigneddirector
- 2015-03-25➕SHERVELL, Ian appointeddirector
- 2013-07-12➕ARCHER, Egan Douglas, Dr appointeddirector
- 2013-07-12➕CASHIN, Benjamin Matthew appointeddirector
- 2013-07-12🔒Charge registered #1Lender: Equitix Esi Trustee Limited
- 2013-05-15🏢Company incorporatedAs BALCAS SPV NO.2 LIMITED
- 2013-05-15➕KIDNEY, Ernest Smith appointeddirector
- 2013-05-15➕MURPHY, Patrick Brian appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial 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 65 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Gren Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Gren Energy Limited
Corporate parent · holds 75-100% shares · board control
⬇
BALCAS SPV NO.2 LIMITED
This company · SC450100
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 |
|---|---|---|---|---|
Gren Energy Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/09/2024 |
1 historic (ceased) PSC
- Equitix Esi Biomass Ltdceased 18/09/2024· 50-75% shares
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
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|---|---|---|---|---|---|---|---|
| CANTLAYHILLS ENERGY LIMITED→ SC554492 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CHRISSANTUS INVESTMENT LIMITED→ SC532922 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CLACH ENERGY STORAGE LIMITED→ SC882598 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CNOC CAILLICHE ENERGY COMMUNITY INTEREST COMPANY→ SC532295 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| COMMERCIAL WATER SOLUTIONS LTD→ SC295392 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| DALRY COMMUNITY WIND FARM LIMITED→ SC374557 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| DALTON DEMOLITION RECYCLING LIMITED→ SC295249 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| DALTON GROUP LIMITED→ SC088385 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| DRUIM LEATHANN WINDFARM LIMITED→ SC414109 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| DULSIE WOOD WIND FARM LIMITED→ SC769888 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DUNDEE WASTE MANAGEMENT LIMITED→ SC666467 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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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
Incorporated2013-05-15
Jurisdictionscotland
Primary SIC35300 — SIC 35300
Registered office
C/O Womble Bond Dickinson (Uk) Llp
2 Semple Street
Edinburgh
EH3 8BL
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-26
Confirmation statement
Next due: 2026-05-29
Last: 2025-05-15
Officers (4 active · 11 resigned)
GLENNON, Mike→
Activedirector · ~63y · appointed 2021-10-29
View their other companies + combined net worth →
GLENNON, Patrick John→
Activedirector · ~65y · appointed 2021-10-29
View their other companies + combined net worth →
PHILLIPS, Charlotte→
Activedirector · ~46y · appointed 2024-01-19
View their other companies + combined net worth →
SCOTT, Joseph David→
Activedirector · ~37y · appointed 2024-01-19
View their other companies + combined net worth →
ARCHER, Egan Douglas, Dr→
Resigneddirector · ~59y · appointed 2013-07-12 · resigned 2016-06-09
BLACKBURN, Sophie Rebecca→
Resigneddirector · ~33y · appointed 2023-05-05 · resigned 2024-01-19
CASHIN, Benjamin Matthew→
Resigneddirector · ~54y · appointed 2016-06-17 · resigned 2019-04-09
CASHIN, Benjamin Matthew→
Resigneddirector · ~54y · appointed 2013-07-12 · resigned 2015-03-25
GALLAGHER, Keith→
Resigneddirector · ~55y · appointed 2016-06-17 · resigned 2021-10-29
HEINAM, Urmo→
Resigneddirector · ~43y · appointed 2023-05-05 · resigned 2024-01-19
IRELAND, Paul John→
Resigneddirector · ~47y · appointed 2017-03-20 · resigned 2023-04-30
KIDNEY, Ernest Smith→
Resigneddirector · ~73y · appointed 2013-05-15 · resigned 2016-06-09
MURPHY, Patrick Brian→
Resigneddirector · ~64y · appointed 2013-05-15 · resigned 2021-10-29
PRICE, Alexander→
Resigneddirector · ~37y · appointed 2019-04-26 · resigned 2023-04-30
SHERVELL, Ian→
Resigneddirector · ~48y · appointed 2015-03-25 · resigned 2017-03-16
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Equitix Esi Trustee Equitix Esi Trustee Limited | A registered charge | 1 property | 12/07/2013 | 24/09/2024 |
Recent filings (61 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-22
accounts-with-accounts-type-small
accounts · AA
2025-10-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-27
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-24
accounts-with-accounts-type-small
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
termination-director-company-with-name-termination-date
officers · TM01
2024-02-12
termination-director-company-with-name-termination-date
officers · TM01
2024-02-12
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-26
accounts-with-accounts-type-small
accounts · AA
2024-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16