INTERIOR ELECTRICS LTD.

🌳Matureactive
SC277502 · ltd · incorporated 2004-12-16
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£73.6k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 33140
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £73,607
Net assets shrinking
Down £1,208 YoY
Cash YoY
+14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£66k
↑ 14% YoY
Net Worth
£74k
↓ 1.6% YoY
Current Assets
£106k
~ YoY
Current Liabilities
—
£0£21k£43k£64k£85k£107kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets£74.2k£75.4k
Current assets£106.4k£106.6k
Cash£66.4k£58.1k
Debtors£39.4k£47.7k
Net assets£73.6k£74.8k

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
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-07
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  5. 2025-01-01
    ➕
    CUNNINGHAM, Michael Paul appointed
    director
  6. 2024-12-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2018-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2004-12-16
    🏢
    Company incorporated
    As INTERIOR ELECTRICS LTD.
  18. 2004-12-16
    ➕
    CUNNINGHAM, Christine appointed
    secretary
  19. 2004-12-16
    ➕
    CUNNINGHAM, Lachlan Paul appointed
    director
  20. 2004-12-16
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  21. 2004-12-16
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  22. 2004-12-16
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  23. 2004-12-16
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

84/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

26/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — CUNNINGHAM, Michael Paul (same surname) appointed 2025-01-01. Pattern consistent with intra-family handover.
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lachlan Paul Cunningham
Individual · British · DOB 04/1964 · age 62
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Ms Christine Cunningham
Individual · British · DOB 12/1965 · age 61
25–50%
—25-50% shares06/04/2016

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 →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2004-12-16
Jurisdictionscotland
Primary SIC33140 — SIC 33140

Registered office

21 Forbes Place
Paisley
PA1 1UT
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-12-30
Last: 2025-12-16

Officers (3 active · 2 resigned)

CUNNINGHAM, Christine→
secretary · appointed 2004-12-16
View their other companies + combined net worth →
Active
CUNNINGHAM, Lachlan Paul→
director · ~62y · appointed 2004-12-16
View their other companies + combined net worth →
Active
CUNNINGHAM, Michael Paul→
director · ~37y · appointed 2025-01-01
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-12-16 · resigned 2004-12-16
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-12-16 · resigned 2004-12-16
Resigned

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

Recent filings (56 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-28
second-filing-of-director-appointment-with-name
officers · RP04AP01
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
appoint-person-director-company-with-name-date
officers · AP01
2024-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-27