ARDNACROSS ENERGY LIMITED

💤Zombieactive
SC451514 · ltd · incorporated 2013-06-04
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
£588.1k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 35120
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. 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 -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 12.6y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
28 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £588,056
Cash YoY
-40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£23k
↓ 40% YoY
Net Worth
£588k
↑ 5.4% YoY
Current Assets
£433k
↓ 3.1% YoY
Current Liabilities
£0£118k£235k£353k£470k£588kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£849.2k£843.7k
Current assets£433.1k£447.1k
Cash£23.1k£38.2k
Debtors£410.0k£408.9k
Net assets£588.1k£557.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-14
    FORRESTER, Rory resigned
    director
  4. 2025-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-03-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-06-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-02-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-06-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-03-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-06-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-10-28
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  19. 2013-09-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  20. 2013-06-04
    🏢
    Company incorporated
    As ARDNACROSS ENERGY LIMITED
  21. 2013-06-04
    FORRESTER, Alexander David appointed
    director
  22. 2013-06-04
    FORRESTER, Rory appointed
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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

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

Group structure

R & A Forrester Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
R & A Forrester Limited
Corporate parent · holds 75-100% shares
ultimate parent
ARDNACROSS ENERGY LIMITED
This company · SC451514

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
R & A Forrester Limited
Corporate entity
75100%
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.

🔒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 →

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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
Incorporated2013-06-04
Jurisdictionscotland
Primary SIC35120 — SIC 35120

Registered office

Ardnacross
Aros
Isle Of Mull
PA72 6JS

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-18
Last: 2025-06-04

Officers (1 active · 1 resigned)

FORRESTER, Alexander David
director · ~64y · appointed 2013-06-04
View their other companies + combined net worth →
Active
FORRESTER, Rory
director · ~85y · appointed 2013-06-04 · resigned 2025-10-14
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property28/10/2013
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property16/09/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
termination-director-company-with-name-termination-date
officers · TM01
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-18