CYGNET ELECTRONICS LIMITED
Opportunity 78/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
5 live charges · 3 lenders · oldest 35.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 35.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Cash | £38.8k | £109.6k |
| Net assets | £1.06M | £1.03M |
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
Corporate timeline (32 events)Click to expand
- 2026-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-09➕ARNAUD, Teresa Mary Louise appointeddirector
- 2025-02-09➕SWANSON, Benjamin David appointeddirector
- 2024-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-07🔒Charge registered #5Lender: Rbs Invoice Finance LTD
- 2024-01-22📄resolutionresolution · RESOLUTIONS
- 2024-01-22📄resolutionresolution · RESOLUTIONS
- 2024-01-20📄resolutionresolution · RESOLUTIONS
- 2024-01-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-01-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-01-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-12🔓Charge satisfied #1
- 2024-01-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-18➖BREW, Lawrence Guy resigneddirector
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-10➖SWANSON, Walter resigneddirector
- 2015-12-18🔓Charge satisfied #3
- 2015-12-18🔓Charge satisfied #2
- 2011-05-13🔒Charge registered #4Lender: National Westminster Bank PLC
- 2003-02-06🔒Charge registered #3Lender: The Royal Bank of Scotland Commercial Services Limited
- 2001-05-08🔒Charge registered #2Lender: The Royal Bank of Scotland Commercial Services Limited
- 1991-04-29🔒Charge registered #1Lender: National Westminster Bank PLC
- 1984-07-24🏢Company incorporatedAs CYGNET ELECTRONICS LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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
Intertronics Holdings Ltd 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 |
|---|---|---|---|---|
Intertronics Holdings Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 04/01/2024 |
1 historic (ceased) PSC
- Mr Peter Walter Swansonceased 04/01/2024· 75-100% shares · 75-100% voting
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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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 →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 (4 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 07/02/2024 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Charge of deposit | 1 property | 13/05/2011 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 06/02/2003 | 18/12/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed charge by client on purchased debts which fail to vest and other debts and floating charge on banked proceeds of other debts | 1 property | 08/05/2001 | 18/12/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 29/04/1991 | 12/01/2024 |