KELVINSIDE ELECTRONICS LIMITED
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 65). 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: strategic trade sale (78/100).
Refinance opportunity
6 live charges · 4 lenders · oldest 38.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 38.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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 | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Profit before tax | £1.27M | £1.43M |
| Average employees | 6100 | 6500 |
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
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2025-04-17📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-fullaccounts · AA
- 2023-11-30📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-31📄accounts-with-accounts-type-fullaccounts · AA
- 2021-05-17📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-30📄accounts-with-accounts-type-fullaccounts · AA
- 2018-11-06📄accounts-with-accounts-type-fullaccounts · AA
- 2017-08-31📄accounts-with-accounts-type-fullaccounts · AA
- 2016-06-01📄accounts-with-accounts-type-fullaccounts · AA
- 2015-11-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-03📄accounts-with-accounts-type-fullaccounts · AA
- 2014-11-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-02📄accounts-with-accounts-type-fullaccounts · AA
- 2014-01-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-07-27🔓Charge satisfied #7
- 2009-07-31🔓Charge satisfied #6
- 2009-07-27🔒Charge registered #7Lender: The Co-Operative Bank PLC
- 2003-03-28🔓Charge satisfied #2
- 2003-02-21🔓Charge satisfied #4
- 2002-10-23🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2002-07-16🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 1995-11-15🔓Charge satisfied #1
- 1995-10-27🔒Charge registered #4Lender: Tsb Bank Scotland PLC
- 1993-11-17➕BAIRD, David Rankin appointedsecretary
- 1993-11-17➖SEMPLE, Catherine resignedsecretary
- 1993-11-17➖SEMPLE, Catherine resignedsecretary
- 1993-04-01➕FERGUEY, Ian appointeddirector
- 1991-05-11➕SEMPLE, Catherine appointedsecretary
- 1991-02-14🔒Charge registered #2Lender: Tsb Bank Scotland PLC
- 1991-02-05➖FORWARD, Geoffrey Ronald resignedsecretary
- 1991-02-05➕SEMPLE, Catherine appointedsecretary
- 1991-02-05➖FORWARD, Geoffrey Ronald resigneddirector
- 1989-03-31➖MCCUTCHEON, Gavin A resigneddirector
- 1987-09-04🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1987-06-25🏢Company incorporatedAs KELVINSIDE ELECTRONICS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 65. 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 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 39 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Kelvinside Electronics (Number1) 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 |
|---|---|---|---|---|
Kelvinside Electronics (Number1) Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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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| WILLIAMS WINDOW FABRICATION LIMITED→ SC163160 · est 1996 · no financials extracted | — | — | — | — | 30y | — | — |
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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 (3 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 27/07/2009 | 27/07/2013 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/10/2002 | 31/07/2009 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 16/07/2002 | — | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 27/10/1995 | 21/02/2003 | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Bond & floating charge | 1 property | 14/02/1991 | 28/03/2003 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 04/09/1987 | 15/11/1995 |