2M POWER SYSTEMS LIMITED
Opportunity 50/100 (worth a look), bankability 42/100. Strong seller-intent signal (63/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. 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 (58/100). Current lenders should be on monthly review.
Refinance opportunity
4 live charges · 3 lenders · oldest 12.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2017-07-31 |
|---|---|
| Total assets | £1.25M |
| Current assets | £1.65M |
| Cash | £625 |
| Debtors | £1.56M |
| Net assets | £1.25M |
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
Corporate timeline (35 events)Click to expand
- 2023-11-29⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2023-11-29🏁Company dissolved
- 2023-08-29⚠️liquidation-compulsory-return-final-meeting-court-scotlandinsolvency · WU15(Scot)
- 2022-02-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-05-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-07-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-02⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2018-11-02⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2018-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-02-26🔒Charge registered #4Lender: Lloyds Bank Commerical Finance Limited
- 2018-02-26🔒Charge registered #3Lender: Lloyds Bank Commerical Finance Limited
- 2017-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2017-07-04🔓Charge satisfied #1
- 2017-06-28🔒Charge registered #2Lender: Igf Invoice Finance Limited
- 2017-06-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-01-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-05-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-01-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-13📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-12-20📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2013-12-04➕GARRETT, Nicholas John appointeddirector
- 2013-12-04➕GARRETT, Sharon Angela appointeddirector
- 2013-12-04➖ARGENT, Malcolm Derrick resignedsecretary
- 2013-12-04➖ARGENT, Eileen Campbell resigneddirector
- 2013-12-04➖ARGENT, Malcolm Derrick resigneddirector
- 2013-12-04🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 1983-06-02🏢Company incorporatedAs 2M POWER SYSTEMS LIMITED
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.
- +Founder age: Director aged approximately 65 — 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 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 12 years.
- secondaryStable-but-static management: Company is 43 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
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-11-29
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-11-29: gazette-dissolved-liquidation; 2023-08-29: liquidation-compulsory-return-final-meeting-court-scotland
Group structure
2m Aberdeen Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
2m Aberdeen Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 31/12/2016 |
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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11 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 (0 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commerical Finance Limited | A registered charge | — | 26/02/2018 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank Commerical Finance Limited | A registered charge | — | 26/02/2018 | — | |
| outstanding | Igf Invoice Finance Igf Invoice Finance Limited | A registered charge | — | 28/06/2017 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | 1 property | 04/12/2013 | 04/07/2017 |