AD ELECTRICS LIMITED
Opportunity 66/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 10.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £31.2k | £101.6k |
| Current assets | £105.0k | £92.5k |
| Net assets | £31.2k | £101.6k |
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
Corporate timeline (22 events)Click to expand
- 2025-11-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-28📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-16🔓Charge satisfied #1
- 2024-10-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-07📄capital-allotment-sharescapital · SH01
- 2023-09-07📄capital-allotment-sharescapital · SH01
- 2023-01-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-20📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2020-10-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-01📄capital-allotment-sharescapital · SH01
- 2020-09-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-04-05📄change-person-director-company-with-change-dateofficers · CH01
- 2016-02-18🔒Charge registered #1Lender: Ultimate Invoice Finance Limited
- 2015-05-19🏢Company incorporatedAs AD ELECTRICS LIMITED
- 2015-05-19➕DIXON, Andrew 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.
- +No director turnover: Company is 11 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.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-02
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Dixon Individual · British · DOB 06/1969 · age 57 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ultimate Invoice Finance Ultimate Invoice Finance Limited | A registered charge | 8 properties | 18/02/2016 | 16/01/2025 |