PANEL SYSTEMS (HOLDINGS) LIMITED

🌳Matureactive
02577957 · ltd · incorporated 1991-01-29
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 34.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Conservative operator with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

1 live charge · oldest 34.9y

95/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 34.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
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
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £100,440

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Profit before tax£100.4k—
Average employees61—

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

🔒Filing-note intelligence

1 signal 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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 capital
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-04-28
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-11-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  3. 2025-07-18
    📄
    accounts-with-accounts-type-group
    accounts · AA
  4. 2025-03-11
    ➖
    FAIRBURN, Carol resigned
    secretary
  5. 2025-03-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-05-17
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2023-04-26
    📄
    accounts-with-accounts-type-group
    accounts · AA
  8. 2022-09-05
    📄
    accounts-with-accounts-type-group
    accounts · AA
  9. 2021-11-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2021-11-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-05-26
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2020-08-27
    📄
    accounts-with-accounts-type-group
    accounts · AA
  13. 2019-05-24
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2018-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2007-04-21
    🔓
    Charge satisfied #1
  18. 2007-03-19
    ➕
    FAIRBURN, Carol appointed
    secretary
  19. 2007-03-19
    ➖
    MILNES, David Raymond resigned
    secretary
  20. 2007-03-19
    ➖
    MILNES, David Raymond resigned
    director
  21. 2001-12-06
    ➖
    DICKINSON, Michael John resigned
    director
  22. 1991-06-12
    ➕
    DICKINSON, Michael John appointed
    director
  23. 1991-05-24
    ➕
    IBBOTSON, Christopher Malcolm appointed
    director
  24. 1991-05-24
    ➕
    MILNES, David Raymond appointed
    secretary
  25. 1991-05-24
    ➖
    THOMPSON, Neil Lloyd resigned
    secretary
  26. 1991-05-24
    ➕
    MILNES, David Raymond appointed
    director
  27. 1991-05-24
    ➖
    REVITT, Andrew John resigned
    director
  28. 1991-05-24
    ➖
    THOMPSON, Neil Lloyd resigned
    director
  29. 1991-05-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC.
  30. 1991-01-29
    🏢
    Company incorporated
    As PANEL SYSTEMS (HOLDINGS) LIMITED
  31. 1991-01-29
    ➕
    THOMPSON, Neil Lloyd appointed
    secretary
  32. 1991-01-29
    ➕
    REVITT, Andrew John appointed
    director
  33. 1991-01-29
    ➕
    THOMPSON, Neil Lloyd appointed
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

100/100
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 74 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Christopher Malcolm Ibbotson
Individual · British · DOB 06/1952 · age 74
50–75%
50–75%board control50-75% shares · 50-75% voting · board control01/01/2017
Mrs Myra Ann Ibbotson
Individual · British · DOB 11/1947 · age 79
25–50%
—25-50% shares18/11/2021

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

8 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
Incorporated1991-01-29
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Units 3-9, Welland Close
Parkwood Industrial Estate
Rutland Road
Sheffield.
S3 9QY

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (1 active · 7 resigned)

IBBOTSON, Christopher Malcolm→
director · ~74y · appointed 1991-05-24
View their other companies + combined net worth →
Active
FAIRBURN, Carol→
secretary · appointed 2007-03-19 · resigned 2025-03-11
Resigned
MILNES, David Raymond→
secretary · appointed 1991-05-24 · resigned 2007-03-19
Resigned
THOMPSON, Neil Lloyd→
secretary · appointed 1991-01-29 · resigned 1991-05-24
Resigned
DICKINSON, Michael John→
director · ~77y · appointed 1991-06-12 · resigned 2001-12-06
Resigned
MILNES, David Raymond→
director · ~74y · appointed 1991-05-24 · resigned 2007-03-19
Resigned
REVITT, Andrew John→
director · ~61y · appointed 1991-01-29 · resigned 1991-05-24
Resigned
THOMPSON, Neil Lloyd→
director · ~66y · appointed 1991-01-29 · resigned 1991-05-24
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC.
Debenture1 property24/05/199121/04/2007

Recent filings (124 total)

accounts-with-accounts-type-group
accounts · AA
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
capital-return-purchase-own-shares
capital · SH03
2025-11-27
accounts-with-accounts-type-group
accounts · AA
2025-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-11
accounts-with-accounts-type-group
accounts · AA
2024-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
accounts-with-accounts-type-group
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-13
accounts-with-accounts-type-group
accounts · AA
2022-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-11-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-18
accounts-with-accounts-type-group
accounts · AA
2021-05-26