SWITCH ELECTRICS (MAGHERA) LTD
Opportunity 71/100 (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: 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 (78/100)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 · 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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £441.6k | £326.4k |
| Current assets | £362.6k | £262.4k |
| Net assets | £425.6k | £300.8k |
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 officers
- • 1 confirmation-statement
Corporate timeline (16 events)Click to expand
- 2026-01-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-10📄capital-alter-shares-redemption-statement-of-capitalcapital · SH02
- 2024-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-08📄capital-allotment-sharescapital · SH01
- 2018-03-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2018-03-06📄gazette-notice-compulsorygazette · GAZ1
- 2016-12-14🏢Company incorporatedAs SWITCH ELECTRICS (MAGHERA) LTD
- 2016-12-14➕MCCULLAGH, James appointeddirector
- 2016-12-14📄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.
- +No director turnover: Company is 9 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Mccullagh Individual · Irish · DOB 05/1983 · age 43 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 14/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 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.