ASBAC LIGHTING LIMITED
🌳Matureactive
08640467 · ltd · incorporated 2013-08-06
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 3.7y 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
What this business does
Primary activity: Wholesale of furniture, carpets and lighting equipment
Sector: Wholesale & retail
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 85/100. 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 (65/100).
🏦
Refinance opportunity
2 live charges · oldest 3.7y
75/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Charge age ~3.7 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 1300 | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 2 mortgage
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-02-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-11🔓Charge satisfied #2
- 2026-02-11🔓Charge satisfied #1
- 2025-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-22📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2023-08-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-02-14📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-02-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2022-11-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-15🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2022-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-01➕SMITH, Clive Matthew appointeddirector
- 2022-06-01➕SMITH, Michael James appointeddirector
- 2022-05-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-05-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-09📄change-person-director-company-with-change-dateofficers · CH01
- 2020-05-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-08-06🏢Company incorporatedAs ASBAC LIGHTING LIMITED
- 2013-08-06➕SMITH, Philip Joseph appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
33/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — SMITH, Clive Matthew (same surname) appointed 2022-06-01. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael James Smith Individual · British · DOB 11/1992 · age 34 | — | 25–50% | 25-50% voting | 30/08/2022 |
Mr Clive Matthew Smith Individual · British · DOB 09/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/08/2022 |
1 historic (ceased) PSC
- Mr Philip Joseph Smithceased 30/08/2022· 75-100% shares
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 · Wholesale & distribution · IP postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AMENYS LIMITED→ 12327179 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANGEL WIPES LIMITED→ 16267618 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ANISUR RAHMAN LTD→ 16233844 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARGUSSY LTD→ 16846212 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARMEDFORPEACE LIMITED→ 16453133 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AROMA FAMILY LTD→ 11091325 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ART OF BEAUTY CAFE LTD→ 16270323 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARTAVA JEWELLERS LTD→ 15906599 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASI FRESH PRODUCE LTD→ 16922049 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASIENTO SERVICES LTD→ 16224377 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ASK STORE LTD→ 16860607 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASL WHOLESALE LIMITED→ 12700377 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2013-08-06
Jurisdictionengland-wales
Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment
Registered office
Asbac House
11 Eastlands Road
Leiston
Suffolk
IP16 4LL
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-25
Last: 2025-08-11
Officers (3 active · 0 resigned)
SMITH, Clive Matthew→
Activedirector · ~47y · appointed 2022-06-01
View their other companies + combined net worth →
SMITH, Michael James→
Activedirector · ~34y · appointed 2022-06-01
View their other companies + combined net worth →
SMITH, Philip Joseph→
Activedirector · ~74y · appointed 2013-08-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 13/02/2023 | 11/02/2026 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 15/11/2022 | 11/02/2026 |
Recent filings (36 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-11
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-12
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-22
accounts-with-accounts-type-dormant
accounts · AA
2023-08-22
change-account-reference-date-company-previous-extended
accounts · AA01
2023-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-30