CORREEN RESOURCES LTD
🌳Matureactive
SC463391 · ltd · incorporated 2013-11-08
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 Oct 2024
Net worth
£90.7k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
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 (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
31 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 declaredPositive net assets
Net assets £90,709
Key financials
2 years extracted from filed iXBRL accountsCash
£57k
Net Worth
£91k
Current Assets
£57k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £90.9k | — |
| Current assets | £57.0k | — |
| Cash | £56.8k | — |
| Debtors | £300 | — |
| Net assets | £90.7k | — |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-06-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-12📄capital-allotment-sharescapital · SH01
- 2018-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-11-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-04-14➕EDWARDS, Ernest Joseph appointeddirector
- 2013-11-30➖EDWARDS, Ernest Joseph resigneddirector
- 2013-11-08🏢Company incorporatedAs CORREEN RESOURCES LTD
- 2013-11-08➕EDWARDS, Maeve appointeddirector
- 2013-11-08➕EDWARDS, Ernest Joseph appointeddirector
Owner dependency
74/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. 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 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Maeve Edwards Individual · Irish · DOB 10/1973 · age 53 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Ernest Joseph Edwardsceased 06/11/2023· 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 →Similar companies
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|---|---|---|---|---|---|---|---|
| D A RIDDOCH ENGINEERING LIMITED→ SC170505 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
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| DALGARNO GENERAL SERVICES (DGS) LTD→ SC618518 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| DARG ENGINEERING LIMITED→ SC072894 · est 1980 · no financials extracted | — | — | — | — | 45y | — | — |
| DARKMANA LTD→ SC813255 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DARKSIDE DRILLING LIMITED→ SC202154 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| DCB DRILLING CONSULTANT LTD→ SC736456 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| DCN DIVING UK LIMITED→ SC461316 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| DDE PETERHEAD LTD→ SC568546 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| DEEPTECH DEVELOPMENTS LIMITED→ SC154992 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2013-11-08
Jurisdictionscotland
Primary SIC09100 — SIC 09100
Registered office
2 Bank Terrace
Alford
AB33 8TT
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22
Officers (2 active · 1 resigned)
EDWARDS, Ernest Joseph→
Activedirector · ~63y · appointed 2014-04-14
View their other companies + combined net worth →
EDWARDS, Maeve→
Activedirector · ~53y · appointed 2013-11-08
View their other companies + combined net worth →
EDWARDS, Ernest Joseph→
Resigneddirector · ~63y · appointed 2013-11-08 · resigned 2013-11-30
Click a director name to see their full track record across all companies.
Recent filings (31 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-26