ELECTRICITY PLUS SUPPLY LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 70/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
8 live charges · 4 lenders · oldest 20.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 20.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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.
Recent activity
Corporate timeline (75 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-05📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-13➖LINDSAY, Andrew James resigneddirector
- 2023-12-24📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-17🔒Charge registered #8Lender: Barclays Bank PLC as Security Agent
- 2023-08-25📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2023-01-03📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-09📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-18🔒Charge registered #7Lender: Barclays Bank PLC as Security Agent
- 2021-11-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-11➕BURNETT, Stuart appointeddirector
- 2021-11-11➖VEAL, Stephen Alexander resigneddirector
- 2021-06-02📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-03-11📄accounts-with-accounts-type-fullaccounts · AA
- 2020-01-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-01-17🔒Charge registered #6Lender: Barclays Bank PLC as Security Agent
- 2020-01-16📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2019-11-21📄accounts-with-accounts-type-fullaccounts · AA
- 2017-04-01🔒Charge registered #5Lender: Npower Limited
- 2016-01-19🔓Charge satisfied #3
- 2015-12-14🔒Charge registered #4Lender: Barclays Bank PLC as Security Agent
- 2015-01-07➕SCHOENFELD, Nicholas Jakub appointeddirector
- 2014-10-03➖HOUGHTON, Christopher Paul resigneddirector
- 2014-10-03➕LINDSAY, Andrew James appointeddirector
- 2013-12-20➕BAXTER, David William appointedsecretary
- 2013-12-20➖KEENE, Jason Anthony resignedsecretary
- 2013-12-20➖HATTAM, Roger David resigneddirector
- 2013-12-20➕HOUGHTON, Christopher Paul appointeddirector
- 2013-12-20➖ROSE, Richard Lee resigneddirector
- 2013-12-20➖STACEY, Simon Nicholas resigneddirector
- 2013-12-20➕VEAL, Stephen Alexander appointeddirector
- 2013-12-20🔒Charge registered #3Lender: Barclays Bank PLC
- 2013-12-20🔒Charge registered #2Lender: Npower Limited
- 2013-02-18➕ROSE, Richard Lee appointeddirector
- 2012-12-31➖CLARK, Jason Lee resigneddirector
- 2012-12-31➖DI VITA, Giuseppe resigneddirector
- 2012-12-31➕HATTAM, Roger David appointeddirector
- 2012-12-31➖MASSARA, Paul Joseph resigneddirector
- 2012-04-29➖JOHNSON, Christopher Ian resigneddirector
- 2011-10-31➕MASSARA, Paul Joseph appointeddirector
- 2011-10-31➖MILES, Kevin resigneddirector
- 2011-05-11➕CLARK, Jason Lee appointeddirector
- 2009-07-07➕STACEY, Simon Nicholas appointeddirector
- 2008-10-01➕DI VITA, Giuseppe appointeddirector
- 2008-10-01➖DUFF, Andrew James resigneddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 22 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 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Utility Warehouse Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Utility Warehouse Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/04/2017 |
1 historic (ceased) PSC
- Telecom Plus Plcceased 01/04/2017· 75-100% shares · 75-100% voting · board control
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.
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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 · 22 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC as Security Agent | A registered charge | — | 17/11/2023 | — | |
| outstanding | Barclays Barclays Bank PLC as Security Agent | A registered charge | — | 18/11/2021 | — | |
| outstanding | Barclays Barclays Bank PLC as Security Agent | A registered charge | — | 17/01/2020 | — | |
| outstanding | Npower Npower Limited | A registered charge | 1 property | 01/04/2017 | — | |
| outstanding | Barclays Barclays Bank PLC as Security Agent | A registered charge | — | 14/12/2015 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/12/2013 | 19/01/2016 | |
| outstanding | Npower Npower Limited | A registered charge | 1 property | 20/12/2013 | — | |
| satisfied | Telecom Plus Telecom Plus PLC | Debenture | 1 property | 12/12/2005 | 11/04/2006 |