ARCTIC SPAS LTD

🌳Matureactive
03974352 · ltd · incorporated 2000-04-17
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£5.02M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47190Other retail sale in non-specialised stores
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 26.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £5,018,736
Cash YoY
+12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3.5m
↑ 12% YoY
Net Worth
£5.0m
~ YoY
Current Assets
£5.2m
↓ 2.4% YoY
Current Liabilities
—
£0£1.1m£2.1m£3.2m£4.2m£5.3mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£5.03M£5.03M
Current assets£5.16M£5.29M
Cash£3.50M£3.11M
Debtors£515.6k£713.8k
Net assets£5.02M£5.02M

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-09-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-09-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-08-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-07-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2021-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-07-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-07-06
    🔓
    Charge satisfied #7
  10. 2021-07-06
    🔓
    Charge satisfied #6
  11. 2021-07-06
    🔓
    Charge satisfied #5
  12. 2021-04-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2020-09-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-05-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2018-11-06
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  16. 2018-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-04-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2016-07-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-01-22
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  20. 2009-05-20
    🔓
    Charge satisfied #3
  21. 2008-05-09
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  22. 2008-04-24
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  23. 2007-01-05
    🔓
    Charge satisfied #4
  24. 2004-08-12
    🔒
    Charge registered #4
    Lender: Venture Finance PLC
  25. 2004-07-26
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  26. 2003-10-01
    🔒
    Charge registered #2
    Lender: Industrious Debenture (Jersey) General Partner Limited
  27. 2003-09-18
    ➕
    AMENDT, Darcy appointed
    director
  28. 2003-08-21
    ➖
    KEIRSTEAD, James Patrick resigned
    director
  29. 2003-06-18
    ➕
    MARTIN, Mairi appointed
    secretary
  30. 2003-06-18
    ➖
    GAMRACY, Jody resigned
    secretary
  31. 2003-06-18
    ➖
    GAMRACY, Jody resigned
    director
  32. 2000-12-07
    ➕
    MARTIN, David Russell appointed
    director
  33. 2000-05-31
    🔒
    Charge registered #1
    Lender: Charnley Limited
  34. 2000-05-03
    ➖
    HOLMES, Nicholas Mark resigned
    director
  35. 2000-04-25
    ➕
    GAMRACY, Jody appointed
    secretary
  36. 2000-04-25
    ➖
    SNEED, Steffanie Vivian resigned
    secretary
  37. 2000-04-25
    ➕
    GAMRACY, Jody appointed
    director
  38. 2000-04-25
    ➕
    KEIRSTEAD, James Patrick appointed
    director
  39. 2000-04-25
    ➖
    SNEED, Steffanie Vivian resigned
    director
  40. 2000-04-17
    🏢
    Company incorporated
    As ARCTIC SPAS LTD
  41. 2000-04-17
    ➕
    SNEED, Steffanie Vivian appointed
    secretary
  42. 2000-04-17
    ➕
    HOLMES, Nicholas Mark appointed
    director
  43. 2000-04-17
    ➕
    SNEED, Steffanie Vivian appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

1 med ·
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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr David Russell Martin
Individual · British · DOB 09/1962 · age 64
25–50%
—25-50% shares17/04/2016

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

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
Incorporated2000-04-17
Jurisdictionengland-wales
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

Unit 2 Hartlebury Trading Estate
Hartlebury
Kidderminster
Worcestershire
DY10 4JB
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (3 active · 6 resigned)

MARTIN, Mairi→
secretary · appointed 2003-06-18
View their other companies + combined net worth →
Active
AMENDT, Darcy→
director · ~60y · appointed 2003-09-18
View their other companies + combined net worth →
Active
MARTIN, David Russell→
director · ~64y · appointed 2000-12-07
View their other companies + combined net worth →
Active
GAMRACY, Jody→
secretary · appointed 2000-04-25 · resigned 2003-06-18
Resigned
SNEED, Steffanie Vivian→
secretary · appointed 2000-04-17 · resigned 2000-04-25
Resigned
GAMRACY, Jody→
director · ~55y · appointed 2000-04-25 · resigned 2003-06-18
Resigned
HOLMES, Nicholas Mark→
director · ~63y · appointed 2000-04-17 · resigned 2000-05-03
Resigned
KEIRSTEAD, James Patrick→
director · ~58y · appointed 2000-04-25 · resigned 2003-08-21
Resigned
SNEED, Steffanie Vivian→
director · ~61y · appointed 2000-04-17 · resigned 2000-04-25
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property22/01/201406/07/2021
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property09/05/200806/07/2021
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property24/04/200806/07/2021
satisfied
Venture Finance
Venture Finance PLC
Debenture1 property12/08/200405/01/2007
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property26/07/200420/05/2009
outstanding
Industrious Debenture (Jersey) General Partner
Industrious Debenture (Jersey) General Partner Limited
Rent deposit deed1 property01/10/2003—
outstanding
Charnley
Charnley Limited
Rent deposit agreement1 property31/05/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-06
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-06
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-22