ATHENA EXPLORATION LIMITED

🌳Matureactive
SC464374 · ltd · incorporated 2013-11-22
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
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
ALSO REGISTERED FOR
  • 06200SIC 06200
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (59/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 5 with DOB)
90
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
50 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.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-11-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-11-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-03-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-01-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-11-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-06-18
    📄
    capital-cancellation-shares
    capital · SH06
  13. 2020-06-18
    📄
    capital-return-purchase-own-shares
    capital · SH03
  14. 2020-06-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-06-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-05-20
    ➖
    KNOWLES, David Alan resigned
    director
  17. 2020-05-15
    📄
    memorandum-articles
    incorporation · MA
  18. 2020-05-15
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2020-05-15
    📄
    capital-allotment-shares
    capital · SH01
  20. 2019-11-19
    ➕
    PERCIVAL, Colin John appointed
    director
  21. 2019-11-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2019-08-20
    ➕
    DAILLY, Paul Anthony appointed
    director
  23. 2014-04-07
    ➖
    REITH, Campbell Malcolm resigned
    director
  24. 2014-04-04
    ➕
    BURNETT, Colin Wallace appointed
    director
  25. 2014-04-04
    ➕
    KNOWLES, David Alan appointed
    director
  26. 2013-11-22
    🏢
    Company incorporated
    As ATHENA EXPLORATION LIMITED
  27. 2013-11-22
    ➕
    REITH, Campbell Malcolm appointed
    director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • 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

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Colin John Percival
Individual · British · DOB 07/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting19/11/2019
Mr Paul Anthony Dailly
Individual · British · DOB 02/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting20/08/2019
Mr Colin Wallace Burnett
Individual · British · DOB 09/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Mr David Alan Knowlesceased 20/05/2020· 25-50% shares · 25-50% voting
  • Mrs Kathryn Percivalceased 19/11/2019· 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 →

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-11-22
Jurisdictionscotland
Primary SIC06100 — SIC 06100

Registered office

8 Albyn Place
Aberdeen
AB10 1YP
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-03
Last: 2025-11-19

Officers (3 active · 2 resigned)

BURNETT, Colin Wallace→
director · ~53y · appointed 2014-04-04
View their other companies + combined net worth →
Active
DAILLY, Paul Anthony→
director · ~63y · appointed 2019-08-20
View their other companies + combined net worth →
Active
PERCIVAL, Colin John→
director · ~70y · appointed 2019-11-19
View their other companies + combined net worth →
Active
KNOWLES, David Alan→
director · ~65y · appointed 2014-04-04 · resigned 2020-05-20
Resigned
REITH, Campbell Malcolm→
director · ~69y · appointed 2013-11-22 · resigned 2014-04-07
Resigned

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

Recent filings (50 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-21
change-person-director-company-with-change-date
officers · CH01
2023-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-16