CIRRUS RESEARCH PLC

🌳Matureactive

00987160 · plc · incorporated 1970-08-18

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 38.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£2.68M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 26511

Sector: Manufacturing

Investor take

Pursue

Asset-holding vehicle with a 84-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 38.8y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 38.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

23 officers (5 active, 23 linked, 16 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

11 connected companies via shared directors

Filing history

170 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,684,186

Cash YoY

+97%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£914k

↑ 97% YoY

Net Worth

£2.7m

↑ 19% YoY

Current Assets

£3.1m

↑ 23% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£2.71M	£2.26M
Current assets	£3.07M	£2.48M
Cash	£913.6k	£464.6k
Debtors	£1.30M	£981.5k
Net assets	£2.68M	£2.26M

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

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (64 events)Click to expand

2026-03-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-06
➕
DAWSON, Lucy Emily appointed
director
2025-12-12
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-01
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-05-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➕
WORRALL, Margaret Susan appointed
secretary
2025-04-30
➖
QUAGLIA, Giovanni Battista resigned
secretary
2025-04-30
➖
QUAGLIA, Giovanni Battista resigned
director
2024-12-16
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-07-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-12
📄
change-person-director-company-with-change-date
officers · CH01
2024-01-03
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-01-03
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-22
➕
QUAGLIA, Giovanni Battista appointed
secretary
2023-12-22
➖
TEASDALE, Mark resigned
secretary
2023-11-16
📄
accounts-with-accounts-type-full
accounts · AA
2023-08-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-16
🔓
Charge satisfied #3
2023-05-22
➖
QUAGLIA, Giovanni Battista resigned
secretary
2023-05-22
➕
TEASDALE, Mark appointed
secretary
2023-05-22
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-05-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-05-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-02
➕
QUAGLIA, Giovanni Battista appointed
director
2023-02-20
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-12-16
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-01
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-12-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-30
➕
QUAGLIA, Giovanni Battista appointed
secretary
2022-11-29
➖
INGRAM, Claire Jane resigned
secretary
2021-12-31
➖
WILLIAMS, Martin John resigned
director
2021-10-05
➕
INGRAM, Claire Jane appointed
secretary
2021-10-05
➖
REVETT, Joanna Elizabeth resigned
secretary
2017-02-24
➕
REVETT, Joanna Elizabeth appointed
secretary
2017-02-24
➖
WORRALL, Margaret Susan resigned
secretary
2015-12-16
➖
HEAP, Roderick resigned
director
2015-11-02
➖
O'ROURKE, Stephen Timothy resigned
director
2015-11-02
➕
WILLIAMS, Martin John appointed
director
2015-01-01
➕
WALLIS, Lynda Mary appointed
director
2011-05-31
➖
ATKINS, John resigned
director
2010-03-15
🔓
Charge satisfied #2
2010-03-15
🔓
Charge satisfied #1
2009-11-16
➖
WORRALL, Margaret Susan resigned
director
2009-04-01
➕
HEAP, Roderick appointed
director
2008-02-07
➕
ATKINS, John appointed
director
2004-03-05
➖
LEIGHTON, George Earl resigned
director
2003-06-30
➖
ALBERTS, Olaf resigned
director

Showing most recent 50 of 64 events

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Scientific Measurements Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Scientific Measurements Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

CIRRUS RESEARCH PLC

This company · 00987160

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Scientific Measurements Limited Corporate entity	75–100%	—	75-100% shares	20/11/2023
Mr Daren Simon Wallis Individual · British · DOB 04/1970 · age 56	—	—	sig. influencesignificant influence	06/04/2016
Mrs Lynda Mary Wallis Individual · British · DOB 08/1946 · age 80	—	—	sig. influencesignificant influence	06/04/2016

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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CLEARSKY MEDICAL DIAGNOSTICS LTD→ 08631065 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
CLIVE RANGER LIMITED→ 12050221 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
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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

Typeplc

Incorporated1970-08-18

Jurisdictionengland-wales

Primary SIC26511 — SIC 26511

Registered office

Acoustic House

Bridlington Road

Hunmanby

North Yorkshire

YO14 0PH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-12-28

Last: 2025-12-14