WATSON ELECTRIC LTD

⚰️Wound downdissolved
06566550 · ltd · incorporated 2008-04-15
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 80/100. Strong seller-intent signal (78/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 18.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (56/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2018-02-13
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2018-02-13
    🏁
    Company dissolved
  3. 2017-11-28
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2017-11-17
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2017-04-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2016-04-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2016-03-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2015-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2015-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2014-04-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2014-03-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2013-08-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2013-08-20
    🔓
    Charge satisfied #1
  14. 2013-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2013-04-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2012-04-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-03-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-04-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2011-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2010-08-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2010-08-02
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  22. 2010-07-28
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  23. 2010-07-28
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  24. 2010-05-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  25. 2009-07-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2009-04-17
    📄
    legacy
    annual-return · 363a
  27. 2008-05-14
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  28. 2008-04-15
    🏢
    Company incorporated
    As WATSON ELECTRIC LTD
  29. 2008-04-15
    ➕
    HOWARD, Roger George appointed
    secretary
  30. 2008-04-15
    ➕
    BANNARD, Michael Christopher appointed
    director
  31. 2008-04-15
    ➕
    HOWARD, Roger George appointed
    director
  32. 2008-04-15
    ➕
    Incorporate Secretariat Limited appointed
    corporate-secretary
  33. 2008-04-15
    ➖
    Incorporate Secretariat Limited resigned
    corporate-secretary

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2018-02-13

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Christopher Bannard
Individual · British · DOB 12/1947 · age 79
50–75%
—50-75% shares06/04/2016
Mr Roger George Howard
Individual · British · DOB 12/1954 · age 72
25–50%
—25-50% shares06/04/2016

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

8 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 →
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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.

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Company details

Statusdissolved
Typeltd
Incorporated2008-04-15
Jurisdictionengland-wales
Primary SIC46140 — SIC 46140

Registered office

Miro House Becklands Close, Bar Lane
Roecliffe
York
YO51 9NR

Filing status

Accounts
Next due: —
Last made up to: 2017-01-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 1 resigned)

HOWARD, Roger George→
secretary · appointed 2008-04-15
View their other companies + combined net worth →
Active
BANNARD, Michael Christopher→
director · ~79y · appointed 2008-04-15
View their other companies + combined net worth →
Active
HOWARD, Roger George→
director · ~72y · appointed 2008-04-15
View their other companies + combined net worth →
Active
Incorporate Secretariat Limited→
corporate-secretary · appointed 2008-04-15 · resigned 2008-04-15
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Debenture1 property14/05/200820/08/2013

Recent filings (31 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2018-02-13
gazette-notice-voluntary
gazette · GAZ1(A)
2017-11-28
dissolution-application-strike-off-company
dissolution · DS01
2017-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2017-04-20
accounts-with-accounts-type-dormant
accounts · AA
2017-04-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-21
accounts-with-accounts-type-dormant
accounts · AA
2016-03-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-27
accounts-with-accounts-type-dormant
accounts · AA
2015-03-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-15
accounts-with-accounts-type-dormant
accounts · AA
2014-03-07
mortgage-satisfy-charge-full
mortgage · MR04
2013-08-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-04-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-04-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-04-24