ACORN GAS APPLIANCE SPARES LIMITED
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-01-31 | 2024-01-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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 confirmation-statement
Corporate timeline (23 events)Click to expand
- 2025-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-08-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-02-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2000-02-01🏢Company incorporatedAs ACORN GAS APPLIANCE SPARES LIMITED
- 2000-02-01➕ILLINGWORTH, Donna Ann appointedsecretary
- 2000-02-01➕ILLINGWORTH, Donna Ann appointeddirector
- 2000-02-01➕ILLINGWORTH, Kevin Russell appointeddirector
- 2000-02-01➕YORK PLACE COMPANY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2000-02-01➖YORK PLACE COMPANY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2000-02-01➕YORK PLACE COMPANY NOMINEES LIMITED appointedcorporate-nominee-director
- 2000-02-01➖YORK PLACE COMPANY NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin Russell Illingworth Individual · British · DOB 10/1964 · age 62 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mrs Donna Ann Illingworth Individual · British · DOB 02/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (3 active · 2 resigned)
Click a director name to see their full track record across all companies.