FORRESTER ELECTRICAL LIMITED
Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £5.0k | £52.6k |
| Current assets | £26.0k | £52.0k |
| Cash | £1.7k | — |
| Debtors | £24.3k | — |
| Net assets | £5.0k | £3.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 miscellaneous
Corporate timeline (19 events)Click to expand
- 2026-02-05📄legacymiscellaneous · ANNOTATION
- 2025-10-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-30📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-07-22📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-07-15📄gazette-notice-compulsorygazette · GAZ1
- 2024-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-04-26📄capital-allotment-sharescapital · SH01
- 2013-08-29🏢Company incorporatedAs FORRESTER ELECTRICAL LIMITED
- 2013-08-29➕FORRESTER, Joel appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "FORRESTER" — strong identity link between founder and business.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-05-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-10
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joel Forrester Individual · British · DOB 10/1984 · age 42 | 75–100% | — | 75-100% shares | 28/08/2016 |
Ms Pauline Wilks Individual · British · DOB 08/1976 · age 50 | 25–50% | — | 25-50% shares | 01/09/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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10 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 (1 active · 0 resigned)
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