ADDICOTT ELECTRICS LIMITED

🌳Matureactive
02164309 · ltd · incorporated 1987-09-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£1.32M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 27900
Sector: Manufacturing
ALSO REGISTERED FOR
  • 28990SIC 28990
  • 33200SIC 33200
  • 71200Technical testing and analysis
Investor take
Pursue
Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 75). 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

8 live charges · 3 lenders · oldest 38.6y

35/100
too messy

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

  • · Oldest live charge is 38.6 years old — likely at or near maturity.
  • · 3 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.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 8 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,319,607
Net assets shrinking
Down £39,934 YoY
Cash YoY
+51%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£23k
↑ 51% YoY
Net Worth
£1.3m
↓ 2.9% YoY
Current Assets
£2.3m
↑ 7.0% YoY
Current Liabilities
—
£0£451k£902k£1.4m£1.8m£2.3mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£1.56M£1.63M
Current assets£2.25M£2.11M
Cash£22.7k£15.0k
Debtors£2.19M£2.05M
Net assets£1.32M£1.36M

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
1
filing
  • • 1 accounts
Last 90 days
3
filings
  • • 1 accounts
  • • 1 officers
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 accounts
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2026-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-04-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-04-15
    ➖
    ADDICOTT, Heather Christine resigned
    secretary
  4. 2025-08-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-02-07
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2024-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-04-30
    ➖
    STYLER, Mark Royston James resigned
    director
  9. 2024-04-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-02-12
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  17. 2019-02-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2019-02-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2019-02-04
    ➕
    ADDICOTT, Heather Christine appointed
    director
  20. 2019-02-04
    ➕
    ADDICOTT, Heather Christine appointed
    secretary
  21. 2019-02-04
    ➖
    ADDICOTT, Heather Christine resigned
    secretary
  22. 2019-02-04
    ➖
    ADDICOTT, Heather Christine resigned
    director
  23. 2011-03-09
    🔓
    Charge satisfied #3
  24. 2011-02-09
    🔓
    Charge satisfied #6
  25. 2011-02-09
    🔓
    Charge satisfied #5
  26. 2006-07-19
    🔒
    Charge registered #8
    Lender: National Westminster Bank PLC
  27. 2006-06-15
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  28. 2005-01-25
    ➖
    ADDICOTT, Kenneth Charles resigned
    director
  29. 2003-01-01
    ➕
    CODD, Richard appointed
    director
  30. 2002-10-11
    ➕
    ADDICOTT, Matthew appointed
    director
  31. 1998-07-24
    🔓
    Charge satisfied #2
  32. 1998-07-01
    🔒
    Charge registered #6
    Lender: Barclays Bank PLC
  33. 1998-06-03
    🔓
    Charge satisfied #4
  34. 1998-06-03
    🔓
    Charge satisfied #1
  35. 1998-05-01
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  36. 1998-01-16
    ➖
    ADDICOTT, Richard John resigned
    director
  37. 1997-04-04
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  38. 1996-11-01
    🔒
    Charge registered #3
    Lender: General Guarantee Corporation Limited
  39. 1996-02-05
    ➕
    ADDICOTT, James Charles appointed
    director
  40. 1996-02-05
    ➕
    STYLER, Mark Royston James appointed
    director
  41. 1989-12-30
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  42. 1987-11-18
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  43. 1987-09-15
    🏢
    Company incorporated
    As ADDICOTT ELECTRICS LIMITED

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "ADDICOTT" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — 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 75 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Charles Addicott
Individual · British · DOB 12/1971 · age 55
50–75%
—50-75% shares06/04/2016
Mr Matthew Addicott
Individual · British · DOB 12/1974 · age 52
25–50%
—25-50% shares15/11/2016

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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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
Incorporated1987-09-15
Jurisdictionengland-wales
Primary SIC27900 — SIC 27900

Registered office

Ground Floor Keble House
Southernhay Gardens
Exeter
Devon
EX1 1NT
United Kingdom

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-02-03
Last: 2026-01-20

Officers (4 active · 6 resigned)

ADDICOTT, Heather Christine→
director · ~75y · appointed 2019-02-04
View their other companies + combined net worth →
Active
ADDICOTT, James Charles→
director · ~55y · appointed 1996-02-05
View their other companies + combined net worth →
Active
ADDICOTT, Matthew→
director · ~52y · appointed 2002-10-11
View their other companies + combined net worth →
Active
CODD, Richard→
director · ~62y · appointed 2003-01-01
View their other companies + combined net worth →
Active
ADDICOTT, Heather Christine→
secretary · appointed 2019-02-04 · resigned 2026-04-15
Resigned
ADDICOTT, Heather Christine→
secretary · resigned 2019-02-04
Resigned
ADDICOTT, Heather Christine→
director · ~75y · resigned 2019-02-04
Resigned
ADDICOTT, Kenneth Charles→
director · ~77y · resigned 2005-01-25
Resigned
ADDICOTT, Richard John→
director · ~66y · resigned 1998-01-16
Resigned
STYLER, Mark Royston James→
director · ~62y · appointed 1996-02-05 · resigned 2024-04-30
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property19/07/2006—
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property15/06/2006—
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property01/07/199809/02/2011
satisfied
Barclays
Barclays Bank PLC
Debenture1 property01/05/199809/02/2011
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property04/04/199703/06/1998
satisfied
General Guarantee Corporation
General Guarantee Corporation Limited
Deed of charge by way of assignment3 properties01/11/199609/03/2011
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property30/12/198924/07/1998
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property18/11/198703/06/1998
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-20
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-14
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
termination-director-company-with-name-termination-date
officers · TM01
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-18