ASD LIGHTING PLC

📉Decliningactive

01677887 · plc · incorporated 1982-11-12

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

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 27400

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

15 live charges · 6 lenders · oldest 42.6y

25/100

too messy

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

· Oldest live charge is 42.6 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.
· Not currently profitable — coverage conversation is a harder sell.

Data confidence

Overall: high (81/100)

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

15 charges (15/15 with lender, 15/15 with type)

Directors & officers

14 officers (6 active, 14 linked, 10 with DOB)

Ownership & PSC

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

Director network

8 connected companies via shared directors

Filing history

172 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

Loss-making

Loss before tax £1,116,126

Slipped into loss

Moved from profit to loss this year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

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
Profit before tax	£-1.12M	£130.9k
Average employees	159	16200

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

🔒Filing-note intelligence

4 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

filings

Counts from Companies House filing history.

Corporate timeline (64 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-full
accounts · AA
2025-08-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-29
➖
FRENCH, Nathan Malcolm resigned
director
2025-05-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-20
🔒
Charge registered #15
Lender: Anthony Roy Stewart and Richard Paul Stewart as Trustees of the Asd Lighting PLC Ssas
2024-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-24
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-24
📄
change-person-director-company-with-change-date
officers · CH01
2024-04-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-01
➕
FRENCH, Nathan Malcolm appointed
director
2023-12-19
📄
accounts-with-accounts-type-full
accounts · AA
2023-07-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-07-05
➖
CLARK, Darrell resigned
director
2022-12-22
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-15
🔓
Charge satisfied #14
2022-12-15
🔓
Charge satisfied #13
2021-12-29
📄
accounts-with-accounts-type-full
accounts · AA
2021-03-26
📄
accounts-with-accounts-type-full
accounts · AA
2020-09-01
📄
auditors-resignation-company
auditors · AUD
2019-12-12
📄
accounts-with-accounts-type-full
accounts · AA
2019-01-09
📄
accounts-with-accounts-type-full
accounts · AA
2017-02-01
➕
STEWART, Richard Paul appointed
director
2017-02-01
➕
CLARK, Darrell appointed
director
2012-08-17
🔒
Charge registered #14
Lender: Barclays Bank PLC
2012-02-07
🔒
Charge registered #13
Lender: Barclays Bank PLC
2004-11-03
🔓
Charge satisfied #12
2004-11-03
🔓
Charge satisfied #11
2004-11-03
🔓
Charge satisfied #10
2004-11-03
🔓
Charge satisfied #9
2004-11-03
🔓
Charge satisfied #8
2004-11-03
🔓
Charge satisfied #7
2004-11-03
🔓
Charge satisfied #4
2002-08-14
🔒
Charge registered #12
Lender: Barclays Bank PLC
2001-01-01
➕
THOMAS, Karen appointed
director
2000-04-07
➖
PICKLES, Michael resigned
secretary
2000-04-07
➖
PICKLES, Michael resigned
director
2000-03-30
➕
THOMAS, Karen appointed
secretary
1998-09-16
🔒
Charge registered #11
Lender: Barclays Bank PLC
1998-07-01
➕
HUNT, Julie Mary appointed
director
1998-05-05
🔒
Charge registered #10
Lender: Barclays Bank PLC
1998-04-01
➖
WRIGHT, Philip resigned
director
1997-12-24
🔓
Charge satisfied #6
1997-12-24
🔓
Charge satisfied #5
1997-12-24
🔓
Charge satisfied #2
1997-06-27
🔒
Charge registered #9
Lender: Barclays Bank PLC
1997-06-18
🔒
Charge registered #8
Lender: Barclays Bank PLC
1997-05-23
🔒
Charge registered #7
Lender: Barclays Bank PLC
1996-08-30
➖
COTTERILL, Gary resigned
secretary

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 81 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 81 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 44 years old and no new directors in the last 3 years — succession not yet being planned internally.
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

Asd Lighting Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Asd Lighting Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ASD LIGHTING PLC

This company · 01677887

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
Asd Lighting Holdings Limited Corporate entity	75–100%	—	75-100% shares	30/06/2016

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 →

Similar companies

Active · Manufacturing · S postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A TO Z SOFA LTD→ 14553816 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ARNOLD MAGNETIC TECHNOLOGIES LIMITED→ 03942412 · est 2000 · no financials extracted	—	—	—	—	26y	—	—
ASEIRO INDUSTRIES LTD→ 16560716 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ASPECT DEVELOPMENTS (SY) LTD→ 12157196 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ASPIRE FABRICATIONS LTD→ 11344590 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASPIRE MANUFACTURING LIMITED→ 10039924 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ASSA ABLOY ENTRANCE SYSTEMS LTD→ 00910858 · est 1967 · no financials extracted	—	—	—	—	58y	—	—
ASSOCIATED POLYMER SERVICES GROUP LTD→ 15600189 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ASTRIX GOLF LIMITED→ 15830356 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ATD FABS LTD→ 07688608 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ATE FABRICATION & WELDING LTD→ 11686062 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ATHERLEY LIMITED→ 14591276 · est 2023 · no financials extracted	—	—	—	—	3y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated1982-11-12

Jurisdictionengland-wales

Primary SIC27400 — SIC 27400

Registered office

Mangham Road

Barbot Hall Industrial Estate

Rotherham

S61 4RJ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-08-31

Last: 2025-08-17