EXCEPTION PCB SOLUTIONS LIMITED
🌳Matureactive
08424587 · ltd · incorporated 2013-02-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£422.7k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 27320
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 13.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (75/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
14 officers (2 active, 14 linked, 13 with DOB)
89
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £422,726
Key financials
1 year extracted from filed iXBRL accountsCash
£120
Net Worth
£423k
Current Assets
£414k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|---|
| Total assets | £422.7k |
| Current assets | £414.0k |
| Cash | £120 |
| Debtors | £413.9k |
| Net assets | £422.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-12-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2025-08-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-08-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-08📄resolutionresolution · RESOLUTIONS
- 2025-08-07📄memorandum-articlesincorporation · MA
- 2025-08-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-01➕HALLETT-JONES, Sophia Eleanor appointeddirector
- 2025-08-01➕WRIGHT, Craig Richard appointeddirector
- 2025-08-01➖CAI, Xuan resigneddirector
- 2025-08-01➖TO, Tsz Leung resigneddirector
- 2025-08-01🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2025-08-01🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2025-07-28📄resolutionresolution · RESOLUTIONS
- 2025-07-21📄capital-allotment-sharescapital · SH01
- 2025-07-17📄capital-allotment-sharescapital · SH01
- 2025-07-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-15🔓Charge satisfied #3
- 2025-07-15🔓Charge satisfied #2
- 2025-07-15🔓Charge satisfied #1
- 2024-09-27📄accounts-with-accounts-type-smallaccounts · AA
- 2024-08-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-15➕TO, Tsz Leung appointeddirector
- 2024-06-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-31➖LI, Jun, Mr. resigneddirector
- 2018-09-19➕CAI, Xuan appointeddirector
- 2018-08-01➕LI, Jun, Mr. appointeddirector
- 2018-08-01➖MA, Liyan resigneddirector
- 2018-03-13➖ZENG, Zhijun resigneddirector
- 2016-09-30➖BUSWELL, Robert resignedsecretary
- 2016-09-30➖BUSWELL, Robert resigneddirector
- 2015-02-02🔒Charge registered #4Lender: Hsbc Bank PLC
- 2014-11-28➖HOLDEN, Gordon resigneddirector
- 2014-07-14➕BUSWELL, Robert appointeddirector
- 2013-05-30➕BUSWELL, Robert appointedsecretary
- 2013-05-30➖HEALINGS, Steven resigneddirector
- 2013-05-30➕MA, Liyan appointeddirector
- 2013-05-30➖MURPHY, Noel Timothy resigneddirector
- 2013-05-30➖O'CONNOR, Mark Philip resigneddirector
- 2013-05-30➖SOPHER, Jon Andrew Victor resigneddirector
- 2013-05-30➕ZENG, Zhijun appointeddirector
- 2013-05-30🔒Charge registered #3Lender: Bank of Scotland PLC
- 2013-03-08🔒Charge registered #2Lender: Bank of Scotland PLC
Showing most recent 50 of 57 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CAI, Xuan resigned 2025-08-01; TO, Tsz Leung resigned 2025-08-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Connexion Pcb Solutions Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Connexion Pcb Solutions Limited
Corporate parent · holds 75-100% shares · board control
⬇
EXCEPTION PCB SOLUTIONS LIMITED
This company · 08424587
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 |
|---|---|---|---|---|
Connexion Pcb Solutions Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/08/2025 |
3 historic (ceased) PSCs
- Fastprint Hongkong Co. Limitedceased 01/08/2025· 75-100% shares
- Mr John Zengceased 01/08/2018· 25-50% voting
- Mr Liyan Maceased 01/08/2018· 25-50% voting
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 →Similar companies
Active · Manufacturing · GL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1STMAN LTD→ 13820623 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A A MASON LIMITED→ 06636917 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| A E SMITH ENGINEERING LIMITED→ 06810096 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| AARDVARK JEWELLERY LIMITED→ 04878002 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ABACUS UPHOLSTERY LIMITED→ 13313380 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ABEC (ME) LTD→ 13497695 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABEC LTD→ 06143642 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ABERLINK LIMITED→ 07642245 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ABLE2 WEAR LIMITED→ 10809165 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ACCURATE BOILER SERVICES LTD→ 16719736 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACCUTEC LIMITED→ 05740499 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ACORN THORN LTD.→ 03094490 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
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 →🔒Advanced scoring suite
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
Statusactive
Typeltd
Incorporated2013-02-28
Jurisdictionengland-wales
Primary SIC27320 — SIC 27320
Registered office
C/O Exception Pcb Limited Alexandra Way
Ashchurch Business Centre
Tewkesbury
Gloucestershire
GL20 8NB
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21
Officers (2 active · 12 resigned)
HALLETT-JONES, Sophia Eleanor→
Activedirector · ~37y · appointed 2025-08-01
View their other companies + combined net worth →
WRIGHT, Craig Richard→
Activedirector · ~58y · appointed 2025-08-01
View their other companies + combined net worth →
BUSWELL, Robert→
Resignedsecretary · appointed 2013-05-30 · resigned 2016-09-30
BUSWELL, Robert→
Resigneddirector · ~51y · appointed 2014-07-14 · resigned 2016-09-30
CAI, Xuan→
Resigneddirector · ~45y · appointed 2018-09-19 · resigned 2025-08-01
HEALINGS, Steven→
Resigneddirector · ~58y · appointed 2013-02-28 · resigned 2013-05-30
HOLDEN, Gordon→
Resigneddirector · ~68y · appointed 2013-02-28 · resigned 2014-11-28
LI, Jun, Mr.→
Resigneddirector · ~55y · appointed 2018-08-01 · resigned 2024-05-31
MA, Liyan→
Resigneddirector · ~52y · appointed 2013-05-30 · resigned 2018-08-01
MURPHY, Noel Timothy→
Resigneddirector · ~58y · appointed 2013-02-28 · resigned 2013-05-30
O'CONNOR, Mark Philip→
Resigneddirector · ~61y · appointed 2013-02-28 · resigned 2013-05-30
SOPHER, Jon Andrew Victor→
Resigneddirector · ~61y · appointed 2013-02-28 · resigned 2013-05-30
TO, Tsz Leung→
Resigneddirector · ~48y · appointed 2024-08-15 · resigned 2025-08-01
ZENG, Zhijun→
Resigneddirector · ~58y · appointed 2013-05-30 · resigned 2018-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/08/2025 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/08/2025 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 02/02/2015 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 30/05/2013 | 15/07/2025 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Charge over shares | 1 property | 08/03/2013 | 15/07/2025 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Bos) | Debenture | 1 property | 08/03/2013 | 15/07/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (85 total)
change-account-reference-date-company-current-extended
accounts · AA01
2025-12-11
accounts-with-accounts-type-small
accounts · AA
2025-09-29
termination-director-company-with-name-termination-date
officers · TM01
2025-08-11
termination-director-company-with-name-termination-date
officers · TM01
2025-08-11
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-08
resolution
resolution · RESOLUTIONS
2025-08-08
memorandum-articles
incorporation · MA
2025-08-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-04
resolution
resolution · RESOLUTIONS
2025-07-28
capital-allotment-shares
capital · SH01
2025-07-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-21