ACORN LIGHTING SERVICES LIMITED

🌳Matureactive
03724243 · ltd · incorporated 1999-03-02
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£418.8k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 26.8y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 26.8 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.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review 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 £418,789
Cash draining
Cash down 89% YoY
Cash YoY
-89%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 89% YoY
Net Worth
£419k
↑ 85% YoY
Current Assets
£932k
↑ 20% YoY
Current Liabilities
—
£0£186k£373k£559k£746k£932kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£489.2k£293.5k
Current assets£932.4k£777.8k
Cash£3.4k£32.1k
Debtors£922.5k£741.3k
Net assets£418.8k£226.7k

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
0
filings
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-18
    ➖
    SANDERSON, Paul David resigned
    director
  4. 2025-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-05-05
    ⚠️
    liquidation-voluntary-arrangement-completion
    insolvency · CVA4
  8. 2022-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-01-21
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  10. 2021-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-28
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  12. 2020-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-19
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  14. 2019-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-01-08
    ⚠️
    liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
    insolvency · CVA3
  16. 2018-07-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-02-05
    🔒
    Charge registered #4
    Lender: Advantedge Commercial Finance (North) Limited
  20. 2017-01-14
    🔓
    Charge satisfied #2
  21. 2016-12-02
    ➖
    MIDDUP, Fiona Elizabeth resigned
    secretary
  22. 2016-12-02
    ➖
    MIDDUP, Fiona Elizabeth resigned
    director
  23. 2016-12-02
    ➖
    MIDDUP, Nigel Timothy resigned
    director
  24. 2016-07-01
    🔒
    Charge registered #3
    Lender: Bibby Financial Services LTD (As Security Trustee)
  25. 2016-06-17
    ➕
    MCCABE, Gary Francis appointed
    director
  26. 2016-06-17
    ➕
    MCCABE, Wayne Peter appointed
    director
  27. 2009-09-01
    ➕
    SANDERSON, Paul David appointed
    director
  28. 2002-10-17
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  29. 2001-09-21
    ➖
    GASKELL, Timothy resigned
    director
  30. 1999-07-30
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  31. 1999-04-06
    ➕
    GASKELL, Timothy appointed
    director
  32. 1999-03-26
    ➕
    MIDDUP, Fiona Elizabeth appointed
    secretary
  33. 1999-03-26
    ➖
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  34. 1999-03-26
    ➕
    MIDDUP, Fiona Elizabeth appointed
    director
  35. 1999-03-26
    ➕
    MIDDUP, Nigel Timothy appointed
    director
  36. 1999-03-26
    ➖
    YORK PLACE COMPANY NOMINEES LIMITED resigned
    corporate-nominee-director
  37. 1999-03-02
    🏢
    Company incorporated
    As ACORN LIGHTING SERVICES LIMITED
  38. 1999-03-02
    ➕
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  39. 1999-03-02
    ➕
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
5 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-05-05: liquidation-voluntary-arrangement-completion; 2022-01-21: liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Group structure

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

🏛️
Pgw Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ACORN LIGHTING SERVICES LIMITED
This company · 03724243

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%
NameSharesVoting rightsNature of controlNotified
Pgw Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control31/01/2017
2 historic (ceased) PSCs
  • Fiona Elizabeth Middupceased 31/01/2017· 25-50% shares · 25-50% voting
  • Mr Nigel Timothy Middupceased 31/01/2017· 25-50% shares · 25-50% voting

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

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
Typeltd
Incorporated1999-03-02
Jurisdictionengland-wales
Primary SIC43210 — Electrical installation

Registered office

Unit 11 Oakney Wood Road
Selby Business Park
Selby
North Yorkshire
YO8 8LZ

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (2 active · 7 resigned)

MCCABE, Gary Francis→
director · ~54y · appointed 2016-06-17
View their other companies + combined net worth →
Active
MCCABE, Wayne Peter→
director · ~55y · appointed 2016-06-17
View their other companies + combined net worth →
Active
MIDDUP, Fiona Elizabeth→
secretary · appointed 1999-03-26 · resigned 2016-12-02
Resigned
YORK PLACE COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-03-02 · resigned 1999-03-26
Resigned
GASKELL, Timothy→
director · ~58y · appointed 1999-04-06 · resigned 2001-09-21
Resigned
MIDDUP, Fiona Elizabeth→
director · ~64y · appointed 1999-03-26 · resigned 2016-12-02
Resigned
MIDDUP, Nigel Timothy→
director · ~64y · appointed 1999-03-26 · resigned 2016-12-02
Resigned
SANDERSON, Paul David→
director · ~59y · appointed 2009-09-01 · resigned 2025-12-18
Resigned
YORK PLACE COMPANY NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-03-02 · resigned 1999-03-26
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Advantedge Commercial Finance (North)
Advantedge Commercial Finance (North) Limited
A registered charge1 property05/02/2018—
outstanding
Bibby Financial Services
Bibby Financial Services LTD (As Security Trustee)
A registered charge4 properties01/07/2016—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property17/10/200214/01/2017
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property30/07/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (97 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-24
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-03
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-06
liquidation-voluntary-arrangement-completion
insolvency · CVA4
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-02
liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-date
insolvency · CVA3
2022-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-02