SOUND POWER LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 30.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.2 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.
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.
Key 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 7 | 700 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (34 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-23📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-01📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-04-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-10-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-10-19➖SONNENFELD, Elaine Ann resignedsecretary
- 2016-10-19➖SONNENFELD, Elaine Ann resigneddirector
- 2016-10-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-10-17🔓Charge satisfied #3
- 2015-10-17🔓Charge satisfied #2
- 2008-06-13🔒Charge registered #4Lender: Barclays Bank PLC
- 2008-06-03➕RIDOUT, David Mark appointeddirector
- 2005-05-24🔒Charge registered #3Lender: Close Brothers Limited
- 2004-06-28➕SONNENFELD, Elaine Ann appointeddirector
- 2003-07-01➕SONNENFELD, Elaine Ann appointedsecretary
- 2003-06-30➖WOOD, Graham resignedsecretary
- 2001-11-08🔒Charge registered #2Lender: Northern Rock PLC
- 1996-03-05🔒Charge registered #1Lender: Barclays Bank PLC
- 1995-04-11➕BAXTER, Neil appointeddirector
- 1995-04-11➕WOOD, Graham appointedsecretary
- 1995-04-11➖CHANCERY BUSINESS COMMUNICATIONS LIMITED resignedcorporate-nominee-secretary
- 1995-04-11➖COWAN, Stanford Russell resignednominee-director
- 1995-04-10🏢Company incorporatedAs SOUND POWER LIMITED
- 1995-04-10➕CHANCERY BUSINESS COMMUNICATIONS LIMITED appointedcorporate-nominee-secretary
- 1995-04-10➕COWAN, Stanford Russell appointednominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 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 ·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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Neil Anthony Baxter Individual · British · DOB 09/1969 · age 57 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mr David Mark Ridout Individual · British · DOB 05/1970 · age 56 | 25–50% | — | 25-50% shares | 06/04/2016 |
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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6 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 (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/06/2008 | — | |
| satisfied | Close Brothers Close Brothers Limited | Aircraft mortgage | 1 property | 24/05/2005 | 17/10/2015 | |
| satisfied | Northern Rock Northern Rock PLC | Charge | 1 property | 08/11/2001 | 17/10/2015 | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 05/03/1996 | — |