BATTERIES AND SOLAR LTD
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (80/100)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 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 | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £469.1k | £446.2k |
| Current assets | £875.1k | £745.9k |
| Cash | £90.6k | £25.7k |
| Debtors | £78.7k | £85.9k |
| Net assets | £469.1k | £446.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 3 persons-with-significant-control
- • 3 persons-with-significant-control
- • 1 accounts
Corporate timeline (20 events)Click to expand
- 2026-03-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-08📄memorandum-articlesincorporation · MA
- 2025-04-08📄capital-name-of-class-of-sharescapital · SH08
- 2025-04-08📄resolutionresolution · RESOLUTIONS
- 2025-04-08📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-04-08📄capital-name-of-class-of-sharescapital · SH08
- 2024-11-12📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-03-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-06-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-17🏢Company incorporatedAs BATTERIES AND SOLAR LTD
- 2016-10-17➕MILLMORE, Jonathan Nicholas appointeddirector
- 2016-10-17➕WALLACE, Darren Clifford appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanGroup structure
Mwave Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Mwave Group Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 23/03/2026 |
2 historic (ceased) PSCs
- Mr Jonathan Nicholas Millmoreceased 23/03/2026· 25-50% shares · 25-50% voting
- Mr Darren Clifford Wallaceceased 23/03/2026· 25-50% shares · 25-50% voting
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.
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6 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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.