SPICERS LIMITED

⚰️Wound downliquidation

00425809 · ltd · incorporated 1946-12-16

Investment thesis

Company liquidation — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

33/100

Pass

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What this business does

Primary activity: SIC 46650

Sector: Wholesale & retail

ALSO REGISTERED FOR

46660SIC 46660

Investor take

Pass (distressed without resilience)

Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 33/100 (pass), bankability 2/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (100/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

17 live charges · 14 lenders · oldest 37.8y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 37.8 years old — likely at or near maturity.
· 14 lenders named — inter-creditor friction likely.
· Legal-friction score 65/100 (specialist).

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

17 charges (17/17 with lender, 17/17 with type)

Directors & officers

52 officers (5 active, 52 linked, 44 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

24 connected companies via shared directors

Filing history

288 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

33/100Pass

PassWatchWorth a lookStrongExceptional

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (141 events)Click to expand

2025-07-17
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2024-09-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-09
⚠️
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2023-05-30
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2023-05-16
⚠️
liquidation-in-administration-move-to-creditors-voluntary-liquidation
insolvency · AM22
2022-12-15
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-07-29
⚠️
liquidation-in-administration-removal-of-administrator-from-office
insolvency · AM16
2022-07-14
⚠️
liquidation-in-administration-appointment-of-a-replacement-or-additional-administrator
insolvency · AM11
2022-06-10
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-05-03
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2021-12-14
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-06-16
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-04-22
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2020-12-17
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2020-10-16
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2020-06-18
⚠️
liquidation-in-administration-result-creditors-meeting
insolvency · AM07
2020-06-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-06-02
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2020-05-27
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2020-02-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-02-05
🔒
Charge registered #17
Lender: Lloyds Bank PLC
2020-01-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-01-17
➖
MOBBS, Andrew Graham resigned
director
2019-10-22
➕
OATES, Richard John appointed
director
2019-10-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-03-04
➕
HORNE, Stephen James appointed
director
2019-01-18
➖
WHITEWAY, Jeffrey Michael resigned
director
2018-11-23
🔒
Charge registered #16
Lender: BECAP12 Gp Limited as General Partner of BECAP12 Gp LP as General Partner of BECAP12 Fund LP
2018-04-19
➖
BROWN, Stephen Thomas resigned
director
2017-09-20
➖
WARWICK-SAUNDERS, Richard Meirion resigned
secretary
2016-01-27
➕
BROWN, Stephen Thomas appointed
director
2015-10-27
➖
SKINNER, Andrew Merrick resigned
director
2015-07-28
🔓
Charge satisfied #12
2015-07-23
🔒
Charge registered #15
Lender: Becap Gp Limited as General Partner of Becap Gp LP as General Partner of Becap Fund LP
2015-07-17
🔒
Charge registered #14
Lender: Lloyds Bank PLC as Receivables Purchaser, Inventory Lender and Property Lender and Lloyds Bank Commercial Finance Limited as Agent (Together "Lloyds")
2015-07-17
🔒
Charge registered #13
Lender: Lloyds Bank PLC as Receivables Purchaser, Inventory Lender and Property Lender and Lloyds Bank Commercial Finance Limited as Agent (Together "Lloyds")
2015-04-27
➕
MAYNARD, Philippa Anne appointed
secretary
2015-04-27
➕
FORD, Edwin Richard appointed
director
2015-04-27
➕
JONES, Richard Ashley appointed
director
2015-04-27
➖
MICHAEL, Gregory John resigned
director
2014-12-15
➖
SANDERS, Nicholas Ian Burgess resigned
director
2014-09-16
➕
MOBBS, Andrew Graham appointed
director
2014-09-16
➖
PECK, Raymond Charles resigned
director
2014-09-16
➕
WHITEWAY, Jeffrey Michael appointed
director
2014-08-14
🔓
Charge satisfied #11
2014-08-14
🔓
Charge satisfied #9
2014-07-30
🔒
Charge registered #12
Lender: Macsco 73 Limited
2014-07-24
➕
MICHAEL, Gregory John appointed
director

Showing most recent 50 of 141 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 79 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med · 1 low

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2020-12-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2020-10-29

Company in liquidation

high

Company is actively being wound up. Not a going concern.

17 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-07-17: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2024-07-09: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Becap Spicers (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Becap Spicers (Uk) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

SPICERS LIMITED

This company · 00425809

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
Becap Spicers (Uk) Limited Corporate entity	75–100%	—	75-100% shares	06/04/2016

1 historic (ceased) PSC

Mr Jonathan Paul Moultonceased 06/04/2016· 75-100% shares

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

12 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.

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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

Statusliquidation

Typeltd

Incorporated1946-12-16

Jurisdictionengland-wales

Primary SIC46650 — SIC 46650

Registered office

12 Wellington Place

Leeds

LS1 4AP

Filing status

Accounts

Next due: 2020-12-31OVERDUE

Last made up to: 2018-12-31

Confirmation statement

Next due: 2020-10-29OVERDUE

Last: 2019-09-17