AB ELECTRICAL CONTRACTORS LIMITED
Opportunity 78/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
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.
Key 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 | 2026-01-31 | 2025-01-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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 accounts
- • 2 officers
- • 1 accounts
- • 1 confirmation-statement
- • 2 officers
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (26 events)Click to expand
- 2026-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-21➕BONNETT, Jak appointeddirector
- 2024-10-15➖BONNETT, Jordan resigneddirector
- 2024-10-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-10-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-04-04➕BONNETT, Jordan appointeddirector
- 2011-12-24➖BONNETT, Geoffrey resignedsecretary
- 2011-12-24➖BONNETT, Caroline resigneddirector
- 2011-12-23➕BONNETT, Austin appointeddirector
- 2009-02-02🏢Company incorporatedAs AB ELECTRICAL CONTRACTORS LIMITED
- 2009-02-02➕BONNETT, Geoffrey appointedsecretary
- 2009-02-02➕BONNETT, Caroline appointeddirector
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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +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 — BONNETT, Jak (same surname) appointed 2025-04-21. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Austin Bonnett Individual · British · DOB 10/1959 · age 67 | 75–100% | — | 75-100% shares | 06/04/2016 |
Mr Jak Bonnett Individual · British · DOB 08/1990 · age 36 | 25–50% | — | 25-50% shares | 15/10/2024 |
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 (2 active · 3 resigned)
Click a director name to see their full track record across all companies.