NOVA ALARMS LIMITED
- · Oldest live charge 18.1y old — refinance window within 12 months
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 18.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — 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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 1200 | 1200 |
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 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2025-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-06➖MCBAIN, John Mcdonald resigneddirector
- 2024-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-20📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-10-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-09📄change-person-director-company-with-change-dateofficers · CH01
- 2020-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-03-28🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2008-02-18🏢Company incorporatedAs NOVA ALARMS LIMITED
- 2008-02-18➕MCBAIN, Margaret Elaine appointedsecretary
- 2008-02-18➕MCBAIN, John appointeddirector
- 2008-02-18➕MCBAIN, Margaret Elaine appointeddirector
- 2008-02-18➕MCBAIN, John Mcdonald appointeddirector
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 18 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.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanShareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
John Mcbain Individual · British · DOB 01/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 19/12/2022 |
Mr John Mcdonald Mcbain Individual · British · DOB 12/1953 · age 73 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 18/02/2017 |
Mrs Margaret Elaine Mcbain Individual · Irish · DOB 08/1955 · age 71 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 18/02/2017 |
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 (3 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/03/2008 | — |