BLACKFORD RENEWABLES LTD

🌿Early-stageactive
SC745788 · ltd · incorporated 2022-09-29
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Jul 2024
Net worth
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (73/100)

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
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
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 · FRS 102
Metric2024-07-31

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-23
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  2. 2025-07-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2025-04-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2025-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-04-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-04-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-04-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2025-04-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-04-09
    HOLM, Adrian Bauge appointed
    director
  11. 2025-04-09
    MAHAJAN, Vivek, Mr. appointed
    director
  12. 2025-04-09
    THOMAS, Marc Jason, Dr resigned
    director
  13. 2025-04-09
    WANG, Zhenni, Dr resigned
    director
  14. 2025-02-20
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  15. 2024-04-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2024-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2024-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2023-08-08
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  19. 2022-09-29
    🏢
    Company incorporated
    As BLACKFORD RENEWABLES LTD
  20. 2022-09-29
    THOMAS, Marc Jason, Dr appointed
    director
  21. 2022-09-29
    WANG, Zhenni, Dr appointed
    director
  22. 2022-09-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-02-20: certificate-change-of-name-company

Group structure

Equinor New Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Equinor New Energy Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BLACKFORD RENEWABLES LTD
This company · SC745788

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
Equinor New Energy Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/04/2025
1 historic (ceased) PSC
  • Scot Stability Ltdceased 09/04/2025· 75-100% shares · 75-100% voting · board control

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
Incorporated2022-09-29
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Equinor House Prime Four Crescent
Kingswells
Aberdeen
AB15 8QG
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-10-12
Last: 2025-09-28

Officers (2 active · 2 resigned)

HOLM, Adrian Bauge
director · ~39y · appointed 2025-04-09
View their other companies + combined net worth →
Active
MAHAJAN, Vivek, Mr.
director · ~45y · appointed 2025-04-09
View their other companies + combined net worth →
Active
THOMAS, Marc Jason, Dr
director · ~59y · appointed 2022-09-29 · resigned 2025-04-09
Resigned
WANG, Zhenni, Dr
director · ~73y · appointed 2022-09-29 · resigned 2025-04-09
Resigned

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

Recent filings (18 total)

change-account-reference-date-company-previous-extended
accounts · AA01
2026-01-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-10
accounts-with-accounts-type-dormant
accounts · AA
2025-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-16
appoint-person-director-company-with-name-date
officers · AP01
2025-04-15
appoint-person-director-company-with-name-date
officers · AP01
2025-04-15
termination-director-company-with-name-termination-date
officers · TM01
2025-04-15
termination-director-company-with-name-termination-date
officers · TM01
2025-04-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-15
certificate-change-of-name-company
change-of-name · CERTNM
2025-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-dormant
accounts · AA
2024-04-23
change-person-director-company-with-change-date
officers · CH01
2024-03-05
change-person-director-company-with-change-date
officers · CH01
2024-03-05