PANEL SYSTEMS LIMITED
- · Lifecycle stage drifting downward
- · Currently "declining"
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 49.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 49.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Profit before tax | £100.4k | £393.4k |
| Average employees | 61 | 6300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2026-04-28📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-18📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-17📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-05-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-05-06➖FAIRBURN, Carol resignedsecretary
- 2023-04-26📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-11-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-05-12📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-25📄accounts-with-accounts-type-fullaccounts · AA
- 2019-05-24📄accounts-with-accounts-type-fullaccounts · AA
- 2018-04-12📄accounts-with-accounts-type-smallaccounts · AA
- 2017-04-11📄accounts-with-accounts-type-fullaccounts · AA
- 2016-05-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-19📄accounts-with-accounts-type-fullaccounts · AA
- 2007-05-07🔒Charge registered #5Lender: Clydesdale Bank PLC
- 2007-04-21🔓Charge satisfied #4
- 2007-03-19➕FAIRBURN, Carol appointedsecretary
- 2007-03-19➖MILNES, David Raymond resignedsecretary
- 2007-03-19➖MILNES, David Raymond resigneddirector
- 2001-12-06➖DICKINSON, Michael John resigneddirector
- 1991-07-11➕DICKINSON, Michael John appointeddirector
- 1991-06-04🔓Charge satisfied #3
- 1991-06-04🔓Charge satisfied #2
- 1991-06-04🔓Charge satisfied #1
- 1991-05-24➕MILNES, David Raymond appointedsecretary
- 1991-05-24➖PRUST, Francis Charles resignedsecretary
- 1991-05-24➖ADSETTS, William Norman, Sir resigneddirector
- 1991-05-24➖FORRESTER, William Wilson resigneddirector
- 1991-05-24➖PRUST, Francis Charles resigneddirector
- 1991-05-24🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1983-02-18🔒Charge registered #3Lender: County Bank Limited
- 1977-09-01🔒Charge registered #2Lender: National Westminster Bank PLC
- 1977-02-23🔒Charge registered #1Lender: County Bank Limited
- 1974-08-05🏢Company incorporatedAs PANEL SYSTEMS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Panel Systems (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Panel Systems (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/11/2021 |
1 historic (ceased) PSC
- Mr Christopher Malcolm Ibbotsonceased 18/11/2021· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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9 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 →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
Registered office
Filing status
Officers (1 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Debenture | 1 property | 07/05/2007 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 24/05/1991 | 21/04/2007 | |
| satisfied | County Bank County Bank Limited | Charge | 1 property | 18/02/1983 | 04/06/1991 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 01/09/1977 | 04/06/1991 | |
| satisfied | County Bank County Bank Limited | Mortgage debenture | 1 property | 23/02/1977 | 04/06/1991 |