PREMIER ELECTRICS LIMITED

🌳Matureactive

NI034252 · ltd · incorporated 1998-05-26

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£23.69M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Electrical installation

Sector: Construction

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 24.8y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 24.8 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

4 officers (3 active, 4 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

6 connected companies via shared directors

Filing history

82 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £23,688,958

Key financials

1 year extracted from filed iXBRL accounts

Cash

£12m

Net Worth

£24m

Current Assets

£32m

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Total assets	£24.21M
Current assets	£32.20M
Cash	£11.69M
Net assets	£23.69M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-12-15
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-31
📄
accounts-with-accounts-type-full
accounts · AA
2024-01-03
📄
accounts-with-accounts-type-full
accounts · AA
2022-08-26
📄
accounts-with-accounts-type-group
accounts · AA
2021-07-21
📄
accounts-with-accounts-type-group
accounts · AA
2020-11-16
📄
accounts-with-accounts-type-group
accounts · AA
2019-12-18
📄
accounts-with-accounts-type-group
accounts · AA
2018-12-27
📄
accounts-with-accounts-type-group
accounts · AA
2018-04-10
📄
resolution
resolution · RESOLUTIONS
2018-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-12-30
➖
SCULLION, Tracy resigned
director
2017-12-28
📄
accounts-with-accounts-type-group
accounts · AA
2016-10-18
📄
accounts-with-accounts-type-group
accounts · AA
2016-06-13
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2016-06-09
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-01-01
➕
SHIVERS, John Anthony appointed
director
2014-11-20
🔓
Charge satisfied #2
2014-11-10
🔓
Charge satisfied #3
2014-10-30
🔓
Charge satisfied #4
2014-08-26
🔒
Charge registered #5
Lender: Northern Bank Limited
2010-10-05
🔒
Charge registered #4
Lender: Ulster Bank Ireland Limited
2009-12-23
🔓
Charge satisfied #1
2007-09-19
🔒
Charge registered #3
Lender: Ulster Bank Limited
2006-11-24
🔒
Charge registered #2
Lender: Aib Group (UK) PLC
2001-07-17
🔒
Charge registered #1
Lender: Aib Group (UK) PLC
1998-05-26
🏢
Company incorporated
As PREMIER ELECTRICS LIMITED
1998-05-26
➕
SCULLION, Mark appointed
secretary
1998-05-26
➕
SCULLION, Mark appointed
director
1998-05-26
➕
SCULLION, Tracy appointed
director

Owner dependency

76/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

86/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Mark Scullion Individual · Irish · DOB 08/1968 · age 58	—	—	sig. influencesignificant influence	06/04/2016

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

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QUARTERLANDS ROAD LTD→ NI650018 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
QUIET VENT LTD→ NI670701 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
QUIGG CONTRACTS LIMITED→ NI720235 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
QUIGLEY PLUMBING N.I. LTD→ NI738660 · est 2026 · no financials extracted	—	—	—	—	—	—	—
QUINN SPECIALIST WORKS LTD→ NI731112 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RADIUS DEVELOPMENTS LTD→ NI069222 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
RAFF ELECTRICS LTD→ NI700402 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
RAHORAN LTD→ NI629685 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
RAILWAY HOUSE LIMITED→ NI649355 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
RAILWAY PLANT SERVICES LTD→ NI070092 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
RAINBOW PROPERTY DEVELOPMENT LTD→ NI669997 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
RAINEY & COMPANY LIMITED→ NI027271 · est 1993 · no financials extracted	—	—	—	—	33y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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.

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Company details

Statusactive

Typeltd

Incorporated1998-05-26

Jurisdictionnorthern-ireland

Primary SIC43210 — Electrical installation

Registered office

16c Tamlaghtduff Road

Bellaghy

Magherafelt

County Londonderry

BT45 8JQ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-05-07

Last: 2026-04-23

Officers (3 active · 1 resigned)

SCULLION, Mark→

secretary · appointed 1998-05-26

View their other companies + combined net worth →

Active

SCULLION, Mark→

director · ~58y · appointed 1998-05-26

View their other companies + combined net worth →

Active

SHIVERS, John Anthony→

director · ~63y · appointed 2016-01-01

View their other companies + combined net worth →

Active

SCULLION, Tracy→

director · ~57y · appointed 1998-05-26 · resigned 2017-12-30

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Northern Bank Northern Bank Limited	A registered charge	6 properties	26/08/2014	—
satisfied	NatWest Group Ulster Bank Ireland Limited / Ulster Bank Limited	Mortgage/charge	2 properties	05/10/2010	30/10/2014
satisfied	NatWest Group Ulster Bank Limited	Debenture	1 property	19/09/2007	10/11/2014
satisfied	Aib Group (UK) Aib Group (UK) PLC	Mortgage or charge	1 property	24/11/2006	20/11/2014
satisfied	Aib Group (UK) Aib Group (UK) PLC	Mortgage or charge	1 property	17/07/2001	23/12/2009

Click column headers to sort. Use filters above to narrow by status and lender.