ARMSTRONG SOLAR HOLDINGS LIMITED

🌳Matureactive
08532213 · ltd · incorporated 2013-05-16
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does

Likely a holding vehicle that owns and manages interests in solar energy generation assets, with day-to-day activity primarily involving oversight of subsidiary operations, financial reporting, and administration rather than direct electricity production.

Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Conservative operator with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.9y

80/100
ready

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

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £16,771,185
Turned profitable
Returned to profit this year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Profit before tax£16.77M£-428.2k
Average employees00

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
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2023-05-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-02-15
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2022-08-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-08-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-08-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-08-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2022-08-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-11-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2021-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-09-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2021-09-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2020-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-12-20
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  19. 2019-03-15
    ➖
    SPACEY, Douglas Richard resigned
    director
  20. 2018-11-02
    ➕
    DUMMETT, Robin Piers appointed
    director
  21. 2018-11-02
    ➕
    KAYE, Andrew Charles appointed
    director
  22. 2018-11-02
    ➖
    MAHON, Stephen William resigned
    director
  23. 2018-07-27
    ➖
    YAZDABADI, Alan Adi resigned
    secretary
  24. 2018-07-19
    🔓
    Charge satisfied #1
  25. 2016-10-07
    ➖
    SCHOFIELD, Khalid resigned
    director
  26. 2015-11-30
    ➕
    SPACEY, Douglas Richard appointed
    director
  27. 2015-06-25
    ➖
    MAGGS, Steven James resigned
    secretary
  28. 2015-06-25
    ➕
    YAZDABADI, Alan Adi appointed
    secretary
  29. 2015-06-25
    ➖
    MAGGS, Steven James, Dr resigned
    director
  30. 2015-06-25
    ➕
    MAHON, Stephen William appointed
    director
  31. 2015-06-25
    ➕
    SCHOFIELD, Khalid appointed
    director
  32. 2015-06-25
    🔒
    Charge registered #2
    Lender: Progessive (Armstrong) Limited
  33. 2015-06-25
    🔒
    Charge registered #1
    Lender: Progressive (Armstrong) Limited
  34. 2013-05-16
    🏢
    Company incorporated
    As ARMSTRONG SOLAR HOLDINGS LIMITED
  35. 2013-05-16
    ➕
    MAGGS, Steven James appointed
    secretary
  36. 2013-05-16
    ➕
    MAGGS, Steven James, Dr appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material 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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Ash Realisation Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ash Realisation Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ARMSTRONG SOLAR HOLDINGS LIMITED
This company · 08532213

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%
NameSharesVoting rightsNature of controlNotified
Ash Realisation Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control10/09/2021
2 historic (ceased) PSCs
  • Innova Energy Limitedceased 10/09/2021· 75-100% shares · 75-100% voting · board control
  • Dodd Group (Midlands) Limitedceased 06/04/2016· 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.

🔒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

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 →
🔒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
Incorporated2013-05-16
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

3rd Floor, St George's House
13-14 Ambrose Street
Cheltenham
GL50 3LG
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-22
Last: 2025-11-08

Officers (2 active · 6 resigned)

DUMMETT, Robin Piers→
director · ~55y · appointed 2018-11-02
View their other companies + combined net worth →
Active
KAYE, Andrew Charles→
director · ~69y · appointed 2018-11-02
View their other companies + combined net worth →
Active
MAGGS, Steven James→
secretary · appointed 2013-05-16 · resigned 2015-06-25
Resigned
YAZDABADI, Alan Adi→
secretary · appointed 2015-06-25 · resigned 2018-07-27
Resigned
MAGGS, Steven James, Dr→
director · ~58y · appointed 2013-05-16 · resigned 2015-06-25
Resigned
MAHON, Stephen William→
director · ~58y · appointed 2015-06-25 · resigned 2018-11-02
Resigned
SCHOFIELD, Khalid→
director · ~44y · appointed 2015-06-25 · resigned 2016-10-07
Resigned
SPACEY, Douglas Richard→
director · ~54y · appointed 2015-11-30 · resigned 2019-03-15
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Progessive (Armstrong)
Progessive (Armstrong) Limited
A registered charge—25/06/2015—
satisfied
Progressive (Armstrong)
Progressive (Armstrong) Limited
A registered charge—25/06/201519/07/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-05-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-25
change-account-reference-date-company-previous-extended
accounts · AA01
2023-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
change-person-director-company-with-change-date
officers · CH01
2022-08-03
change-person-director-company-with-change-date
officers · CH01
2022-08-03
change-person-director-company-with-change-date
officers · CH01
2022-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-02