ION ELECTRICAL (SCOTLAND) LIMITED
Opportunity 72/100 (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: distressed disposal / insolvency (65/100).
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 | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £-5.8k | — |
| Current assets | £7.0k | — |
| Cash | £2.1k | — |
| Debtors | £3.6k | — |
| Net assets | £-8.0k | — |
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
- • 1 confirmation-statement
Corporate timeline (21 events)Click to expand
- 2025-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-09➖ALLARDICE, Alan Stephen resigneddirector
- 2021-12-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-27📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-27📄resolutionresolution · RESOLUTIONS
- 2017-04-19🏢Company incorporatedAs ION ELECTRICAL (SCOTLAND) LIMITED
- 2017-04-19➕RAMSAY, David appointeddirector
- 2017-04-19➕ALLARDICE, Alan Stephen appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Ramsay Individual · Scottish · DOB 04/1973 · age 53 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/04/2017 |
1 historic (ceased) PSC
- Mr Alan Stephen Allardiceceased 09/12/2021· 25-50% shares · 25-50% voting
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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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 (1 active · 1 resigned)
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