GRIMSETTER LIMITED

🌳Matureactive
SC452413 · ltd · incorporated 2013-06-14
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
£381.2k
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 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -95% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (79/100)

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
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
35 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £381,201
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 95% YoY
Net Worth
£381k
↑ 5.0% YoY
Current Assets
£190k
↑ 34% YoY
Current Liabilities
£0£76k£152k£229k£305k£381kJun 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£381.2k£363.1k
Current assets£189.9k£141.9k
Cash£6.8k£141.1k
Debtors£183.1k£793
Net assets£381.2k£363.1k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2023-09-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-09-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2022-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-05-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2020-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2013-10-05
    HADFIELD, Robert Micheal appointed
    secretary
  19. 2013-06-14
    🏢
    Company incorporated
    As GRIMSETTER LIMITED
  20. 2013-06-14
    SPENCE, Craig David appointed
    director
  21. 2013-06-14
    THOMSON, Steven John appointed
    director

Owner dependency

73/100
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.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • 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

Grimsetter 2024 Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Grimsetter 2024 Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
GRIMSETTER LIMITED
This company · SC452413

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
Grimsetter 2024 Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/06/2025
1 historic (ceased) PSC
  • C&R Spence Limitedceased 30/06/2025· 25-50% 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 →

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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
Incorporated2013-06-14
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

25 Queen Street
Kirkwall
KW15 1JE
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19

Officers (3 active · 0 resigned)

HADFIELD, Robert Micheal
secretary · appointed 2013-10-05
View their other companies + combined net worth →
Active
SPENCE, Craig David
director · ~50y · appointed 2013-06-14
View their other companies + combined net worth →
Active
THOMSON, Steven John
director · ~67y · appointed 2013-06-14
View their other companies + combined net worth →
Active

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

Recent filings (35 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-09-27
change-person-director-company-with-change-date
officers · CH01
2023-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-03-29