AB ELECTRICAL SERVICES (HULL) LIMITED
Opportunity 76/100 (strong), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 22.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £490.0k | £474.5k |
| Current assets | £575.1k | £647.1k |
| Cash | £320.9k | £385.9k |
| Debtors | £253.3k | £260.3k |
| Net assets | £469.0k | £454.1k |
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 capital
- • 1 capital
- • 1 officers
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-03-11📄capital-cancellation-sharescapital · SH06
- 2026-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-20➖LADLEY, Shaun Antony resigneddirector
- 2026-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-07📄memorandum-articlesincorporation · MA
- 2024-08-07📄resolutionresolution · RESOLUTIONS
- 2024-08-07📄capital-name-of-class-of-sharescapital · SH08
- 2024-08-07📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2024-08-07📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-08-07⚠️legacyinsolvency · CAP-SS
- 2024-08-07📄resolutionresolution · RESOLUTIONS
- 2024-05-01➕SMITH, James William appointeddirector
- 2024-05-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-13📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-01➕LADLEY, Shaun Antony appointeddirector
- 2013-01-09➖DUFFEY, Christopher Howard resigneddirector
- 2007-04-13➕DUFFEY, Christopher Howard appointeddirector
- 2004-04-28🔒Charge registered #1Lender: National Westminster Bank PLC
- 2003-04-04🏢Company incorporatedAs AB ELECTRICAL SERVICES (HULL) LIMITED
- 2003-04-04➕SMITH, Andrea appointedsecretary
- 2003-04-04➕SMITH, Andrew Michael appointeddirector
- 2003-04-04➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-04-04➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2003-04-04➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 2003-04-04➖COMPANY DIRECTORS 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 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — SMITH, James William (same surname) appointed 2024-05-01. Pattern consistent with intra-family handover.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high ·Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-08-07: legacy
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Michael Smith Individual · British · DOB 04/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/04/2016 |
Mrs Andrea Smith Individual · British · DOB 09/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 24/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 28/04/2004 | — |