ALAN SPARGO LIMITED
🌳Matureactive
01212214 · ltd · incorporated 1975-05-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 46.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£2.93M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 25730
Sector: Manufacturing
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 46.9y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 46.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,929,038
Cash YoY
-7%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2.3m
↓ 6.7% YoY
Net Worth
£2.9m
↑ 4.4% YoY
Current Assets
£3.1m
↓ 1.5% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £3.03M | £2.90M |
| Current assets | £3.12M | £3.17M |
| Cash | £2.33M | £2.50M |
| Debtors | £784.9k | £665.3k |
| Net assets | £2.93M | £2.80M |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-06-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-31➖BAKER, Susan resigneddirector
- 2025-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-01➖SPARGO, Alan Michael resignedsecretary
- 2024-08-01➖SPARGO, Alan Michael resigneddirector
- 2024-02-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-13📄capital-return-purchase-own-sharescapital · SH03
- 2023-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-09-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-22➖WAINWRIGHT, Robert David resigneddirector
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-13📄change-person-director-company-with-change-dateofficers · CH01
- 2019-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-10-01➕BAKER, Susan appointeddirector
- 1994-10-01➕SPARGO, Michael appointeddirector
- 1994-10-01➕SPARGO, Peter appointeddirector
- 1993-07-23🔒Charge registered #2Lender: National Westminster Bank PLC
- 1979-06-29🔒Charge registered #1Lender: National Westminster Bank PLC
- 1975-05-13🏢Company incorporatedAs ALAN SPARGO LIMITED
Owner dependency
99/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "SPARGO" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 51 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Spargo Individual · English · DOB 05/1966 · age 60 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 23/12/2022 |
Mr Peter Spargo Individual · English · DOB 06/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 23/12/2022 |
1 historic (ceased) PSC
- Mr Alan Michael Spargoceased 23/12/2022· 75-100% shares · 75-100% voting
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
6 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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1975-05-13
Jurisdictionengland-wales
Primary SIC25730 — SIC 25730
Registered office
Coronation Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3TA
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31
Officers (2 active · 4 resigned)
SPARGO, Michael→
Activedirector · ~60y · appointed 1994-10-01
View their other companies + combined net worth →
SPARGO, Peter→
Activedirector · ~61y · appointed 1994-10-01
View their other companies + combined net worth →
SPARGO, Alan Michael→
Resignedsecretary · resigned 2024-08-01
BAKER, Susan→
Resigneddirector · ~71y · appointed 2012-10-01 · resigned 2025-03-31
SPARGO, Alan Michael→
Resigneddirector · ~84y · resigned 2024-08-01
WAINWRIGHT, Robert David→
Resigneddirector · ~78y · resigned 2022-12-22
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 23/07/1993 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 29/06/1979 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (115 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-04
termination-director-company-with-name-termination-date
officers · TM01
2025-07-22
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-22
termination-director-company-with-name-termination-date
officers · TM01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-22
capital-return-purchase-own-shares
capital · SH03
2023-10-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-08
termination-director-company-with-name-termination-date
officers · TM01
2023-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-24