WARDAH ELECTRICS LIMITED

💤Zombieactive
SC055201 · ltd · incorporated 1974-03-06
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (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 (76/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees700400

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-25
    ➖
    BLACK, William Stott resigned
    secretary
  5. 2023-04-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2022-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-09-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-09-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-09-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2011-08-26
    ➕
    BLACK, Martin appointed
    director
  18. 2011-08-26
    ➖
    BLACK, William Stott resigned
    director
  19. 2007-09-03
    ➖
    HENDERSON, Alexander resigned
    director
  20. 2002-04-26
    ➖
    GAULD, Henry A resigned
    director
  21. 1998-04-02
    ➕
    BLACK, William Stott appointed
    secretary
  22. 1998-04-02
    ➖
    MACLEOD, Calum Murray resigned
    secretary
  23. 1992-07-24
    ➖
    WILSON, Douglas R resigned
    director
  24. 1990-11-09
    ➖
    MITCHELL, Andrew resigned
    director
  25. 1974-03-06
    🏢
    Company incorporated
    As WARDAH ELECTRICS LIMITED

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 52 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Martin William Black
Individual · British · DOB 01/1977 · age 49
——sig. influencesignificant influence · trust interest · firm interest06/01/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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KILMAC LTD→
SC458759 · est 2013
£6.45M
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——1600012y8458y
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ANGUS DECORATING COMPANY LIMITED→
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JACKSON STEEL STRUCTURES LIMITED→
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——£1.45M—55y8360y
JAMES LAMMOND LIMITED→
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———380022y8362y
M & M PLUMBING & HEATING SUPPLIES LIMITED→
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1974-03-06
Jurisdictionscotland
Primary SIC43210 — Electrical installation

Registered office

207 Strathmartine Road
Dundee
DD3 8PH

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06

Officers (1 active · 7 resigned)

BLACK, Martin→
director · ~49y · appointed 2011-08-26
View their other companies + combined net worth →
Active
BLACK, William Stott→
secretary · appointed 1998-04-02 · resigned 2023-04-25
Resigned
MACLEOD, Calum Murray→
secretary · resigned 1998-04-02
Resigned
BLACK, William Stott→
director · ~81y · resigned 2011-08-26
Resigned
GAULD, Henry A→
director · ~89y · resigned 2002-04-26
Resigned
HENDERSON, Alexander→
director · ~79y · resigned 2007-09-03
Resigned
MITCHELL, Andrew→
director · resigned 1990-11-09
Resigned
WILSON, Douglas R→
director · ~99y · resigned 1992-07-24
Resigned

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

Recent filings (97 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-05
termination-secretary-company-with-name-termination-date
officers · TM02
2023-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-11