A I B ELECTRICAL WHOLESALE (GLASGOW) LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 80/100 (exceptional), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 42.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 42.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — 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.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £498.7k | £694.2k |
| Current assets | £3.32M | £3.20M |
| Cash | £288.7k | £259.3k |
| Debtors | £1.91M | £2.00M |
| Net assets | £449.9k | £417.0k |
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
- • 1 accounts
Corporate timeline (29 events)Click to expand
- 2026-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-16📄capital-allotment-sharescapital · SH01
- 2025-07-11📄resolutionresolution · RESOLUTIONS
- 2025-04-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-01➕MCEWAN, Andrew appointeddirector
- 2025-01-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄capital-name-of-class-of-sharescapital · SH08
- 2024-12-13📄memorandum-articlesincorporation · MA
- 2024-12-13📄resolutionresolution · RESOLUTIONS
- 2024-09-11➕BURT, Patricia appointeddirector
- 2024-09-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-12-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2019-12-02📄change-person-director-company-with-change-dateofficers · CH01
- 2018-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-03-29🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2011-07-26➖BURT, Isabelle Holmes resigneddirector
- 2009-07-09🔒Charge registered #3Lender: Trustees of the a K Burt Retirement Benefits Scheme
- 2008-03-20➕BURT, Andrew Kennedy appointedsecretary
- 2008-03-20➖SHAW, Lesley-Jean resignedsecretary
- 2008-03-20➖SHAW, Lesley-Jean resigneddirector
- 1997-06-02🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1984-02-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1975-08-29🏢Company incorporatedAs A I B ELECTRICAL WHOLESALE (GLASGOW) LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Kennedy Burt Individual · British · DOB 08/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/12/2016 |
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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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 (4 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 29/03/2016 | — | |
| outstanding | Trustees of the a K Burt Retirement Benefits Scheme | Bond & floating charge | 1 property | 09/07/2009 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 02/06/1997 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 23/02/1984 | — |