FASTEK ELECTRONICS LIMITED
- · Oldest live charge 29.7y old — refinance window within 12 months
Opportunity 69/100 (strong), bankability 55/100. Strong seller-intent signal (88/100, director aged 71). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 29.7y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 29.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-03-31 | 2023-03-31 |
|---|---|---|
| Total assets | £274.5k | £41.6k |
| Current assets | £318.6k | £209.6k |
| Net assets | £74.9k | £41.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 2 gazette
- • 1 confirmation-statement
- • 2 gazette
- • 1 confirmation-statement
Corporate timeline (43 events)Click to expand
- 2026-03-14📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-03-10📄gazette-notice-compulsorygazette · GAZ1
- 2025-07-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-03-04📄gazette-notice-compulsorygazette · GAZ1
- 2024-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-03📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-04-12📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-02-28📄gazette-notice-compulsorygazette · GAZ1
- 2021-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-26🔓Charge satisfied #2
- 2021-10-23📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2021-08-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-06-18📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2021-05-18📄gazette-notice-compulsorygazette · GAZ1
- 2020-07-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-02-19🔓Charge satisfied #1
- 2005-01-26🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2004-12-07🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1997-01-31➖JACK, Stephen resigneddirector
- 1997-01-31➖STOBIE, Alan Crawford resigneddirector
- 1996-08-13🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1996-06-01➕FAULDS, Sharman Sarah Selina appointedsecretary
- 1996-06-01➕FAULDS, Sharman Sarah Selina appointeddirector
- 1996-06-01➖STUART, James Robert resignedsecretary
- 1996-06-01➖MAYBURY, Richard resigneddirector
- 1996-06-01➖STUART, James Robert resigneddirector
- 1994-12-29➖STOBIE, Alan Crawford resignedsecretary
- 1994-12-29➕STUART, James Robert appointedsecretary
- 1994-02-10➕FAULDS, Alan appointeddirector
- 1994-02-10➕STOBIE, Alan Crawford appointedsecretary
- 1994-02-10➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1994-02-10➕JACK, Stephen appointeddirector
- 1994-02-10➕MAYBURY, Richard appointeddirector
- 1994-02-10➕STOBIE, Alan Crawford appointeddirector
- 1994-02-10➕STUART, James Robert appointeddirector
- 1994-02-10➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1994-01-31🏢Company incorporatedAs FASTEK ELECTRONICS LIMITED
- 1994-01-31➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1994-01-31➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
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 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-12-31
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan Faulds Individual · British · DOB 07/1956 · age 70 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mrs Sharman Sarah Selina Faulds Individual · British · DOB 10/1955 · age 71 | 25–50% | — | 25-50% shares | 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.
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9 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 · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 26/01/2005 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/12/2004 | 26/10/2021 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 13/08/1996 | 19/02/2020 |