DACK CONVERSIONS LTD
Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 |
|---|---|
| Total assets | £268.4k |
| Current assets | £779.2k |
| Cash | £349.6k |
| Debtors | £183.1k |
| Net assets | £266.3k |
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 confirmation-statement
Corporate timeline (12 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-13📄resolutionresolution · RESOLUTIONS
- 2023-12-13📄memorandum-articlesincorporation · MA
- 2023-12-11📄capital-name-of-class-of-sharescapital · SH08
- 2023-08-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-04-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-02-24📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-04-06🏢Company incorporatedAs DACK CONVERSIONS LTD
- 2022-04-06➕DACK, Leo James appointeddirector
- 2022-04-06📄incorporation-companyincorporation · NEWINC
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 "DACK" — strong identity link between founder and business.
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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Leo James Dack Individual · British · DOB 08/1986 · age 40 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2022 |
Mr Ian Arthur Farrington Individual · British · DOB 09/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/04/2023 |
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)
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