FLOTATION ENERGY LIMITED

🏛️Establishedactive

SC597702 · ltd · incorporated 2018-05-21

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 Dec 2023

Net worth

—

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: SIC 35110

Sector: Electricity, gas & energy

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 1.2y

30/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Newest facility, 1.2 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (75/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

15 officers (6 active, 15 linked, 13 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

10 connected companies via shared directors

Filing history

98 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · IFRS

Metric	2023-12-31
Average employees	13400

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

filings

Last 90 days

filings

• 1 resolution
• 1 capital

Last 180 days

filings

• 1 resolution
• 1 capital
• 1 officers

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2026-03-10
📄
resolution
resolution · RESOLUTIONS
2026-03-10
📄
capital-allotment-shares
capital · SH01
2025-11-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-30
➖
STEPHEN, Nicol Ross, Lord resigned
director
2025-08-22
📄
accounts-with-accounts-type-group
accounts · AA
2025-07-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
➕
IKENOUCHI, Takehiko appointed
director
2025-06-30
➖
INOUE, Shinsuke resigned
director
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
➕
ROSE, Andrew Matthew appointed
director
2025-04-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-31
➖
DOBSON, Jonathan resigned
director
2025-03-12
📄
capital-allotment-shares
capital · SH01
2025-03-04
📄
memorandum-articles
incorporation · MA
2025-03-04
📄
resolution
resolution · RESOLUTIONS
2025-02-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-06
🔒
Charge registered #1
Lender: Ci V Morecambe Topco Limited (Company Number 15333523)
2025-01-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-01
➕
MACLEOD, Barry John appointed
director
2024-10-31
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-30
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-10-29
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-08-29
📄
capital-allotment-shares
capital · SH01
2024-08-23
📄
memorandum-articles
incorporation · MA
2023-10-31
➖
SAWYER, Timothy Christian resigned
director
2022-11-11
➕
FUJISHIRO, Toru appointed
director
2022-11-11
➕
HONDA, Masaki appointed
director
2022-11-11
➕
ICHIYAMA, Shinichiro appointed
director
2022-11-11
➖
ADDLESHAW GODDARD (SCOTLAND) SECRETARIAL LIMITED resigned
corporate-secretary
2022-11-11
➖
GILBERT, Martin James resigned
director
2022-11-11
➕
INOUE, Shinsuke appointed
director
2022-11-11
➖
MACASKILL, Allan resigned
director
2021-04-22
➖
DONALDSON, Andrew Raymond resigned
director
2021-02-25
➕
DOBSON, Jonathan appointed
director
2021-02-25
➕
GILBERT, Martin James appointed
director
2020-08-04
➕
SAWYER, Timothy Christian appointed
director
2019-03-05
➖
STEPHEN, Nicol, Lord resigned
secretary
2019-03-05
➕
ADDLESHAW GODDARD (SCOTLAND) SECRETARIAL LIMITED appointed
corporate-secretary
2019-02-22
➕
STEPHEN, Nicol, Lord appointed
secretary
2019-02-22
➕
DONALDSON, Andrew Raymond appointed
director
2018-05-21
🏢
Company incorporated
As FLOTATION ENERGY LIMITED
2018-05-21
➕
MACASKILL, Allan appointed
director
2018-05-21
➕
STEPHEN, Nicol Ross, Lord appointed
director

Owner dependency

40/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: INOUE, Shinsuke resigned 2025-06-30; STEPHEN, Nicol Ross, Lord resigned 2025-09-30

Group structure

Tokyo Electric Power Company Holdings, Incorporated is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Tokyo Electric Power Company Holdings, Incorporated

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

FLOTATION ENERGY LIMITED

This company · SC597702

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
Tokyo Electric Power Company Holdings, Incorporated Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	11/11/2022

3 historic (ceased) PSCs

Macaskill Associates Limitedceased 01/11/2022· 25-50% shares
Mr Allan Macaskillceased 01/11/2022· 25-50% voting
Nicol Stephenceased 01/11/2022· 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 →

Similar companies

Active · Energy & utilities · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NWH GROUP LIMITED→ SC335165 · est 2007	£11.16M £8.04M–£14.29M	—	—	35600	18y	84	61y
DALTON GROUP LIMITED→ SC088385 · est 1984	£6.78M £4.88M–£8.68M	—	—	6500	41y	82	39y
AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996	£2.98M £2.14M–£3.81M	£11.23M	—	3600	29y	85	64y
BENMORE ESTATE LIMITED→ SC192048 · est 1998	—	—	£18.74M	—	27y	83	66y
BINN RENEWABLE ENERGY LIMITED→ SC375446 · est 2010 · no financials extracted	—	—	—	—	16y	83	81y
CALEDONIAN ALLOYS LIMITED→ SC162625 · est 1996 · no financials extracted	—	—	—	—	30y	83	71y
HOME BASICS (TWEEDDALE) COMPANY LIMITED→ SC234746 · est 2002 · no financials extracted	—	—	—	—	23y	83	79y
AAIRECOOL TECHNICAL SERVICES LIMITED→ SC135544 · est 1991	—	—	—	700	34y	82	72y
ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991	—	—	—	100	34y	82	68y
FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002	—	—	—	54	24y	82	64y
GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009	—	—	£753.6k	—	17y	82	59y
GREENSPAN ELECTRIC CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y

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

Incorporated2018-05-21

Jurisdictionscotland

Primary SIC35110 — SIC 35110

Registered office

C/O Cms Cameron Mckenna Nabarro Olswang Llp 4th Floor, Saltire Court

20 Castle Terrace

Edinburgh

Midlothian

EH1 2EN

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-03

Last: 2025-05-20