STEVEN WALLACE ELECTRICAL LTD

💤Zombieactive
SC592286 · ltd · incorporated 2018-03-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£5.6k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: SIC 35140
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -54% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £5,555
Net assets shrinking
Down £22,309 YoY
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 54% YoY
Net Worth
£6k
↓ 80% YoY
Current Assets
£21k
↓ 51% YoY
Current Liabilities
—
£0£9k£17k£26k£35k£44kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£6.0k£29.1k
Current assets£21.2k£43.5k
Cash£6.6k£14.2k
Debtors£14.6k£29.3k
Net assets£5.6k£27.9k

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 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-08-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-23
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  7. 2021-05-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2021-05-20
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  9. 2021-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-01-29
    ➖
    YOUNG, Fiona Agnes Main resigned
    director
  12. 2020-01-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-01-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2020-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2020-01-20
    ➕
    WALLACE, Steven appointed
    director
  16. 2019-11-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2018-03-23
    🏢
    Company incorporated
    As STEVEN WALLACE ELECTRICAL LTD
  18. 2018-03-23
    ➕
    YOUNG, Fiona Agnes Main appointed
    director
  19. 2018-03-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "WALLACE" — strong identity link between founder and business.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven Wallace
Individual · British · DOB 12/1982 · age 44
75–100%
75–100%75-100% shares · 75-100% voting20/01/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2018-03-23
Jurisdictionscotland
Primary SIC35140 — SIC 35140

Registered office

6 Miller Road
Ayr
KA7 2AY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20

Officers (1 active · 1 resigned)

WALLACE, Steven→
director · ~44y · appointed 2020-01-20
View their other companies + combined net worth →
Active
YOUNG, Fiona Agnes Main→
director · ~48y · appointed 2018-03-23 · resigned 2020-01-29
Resigned

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

Recent filings (23 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-05-20
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28