SPR DEVELOPMENTS LIMITED
- · Oldest live charge 21.8y old — refinance window within 12 months
Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (78/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.
Refinance opportunity
3 live charges · oldest 21.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 21.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (41 events)Click to expand
- 2010-06-26⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-06-26🏁Company dissolved
- 2010-03-26⚠️liquidation-compulsory-completioninsolvency · L64.07
- 2009-07-27⚠️liquidation-compulsory-winding-up-orderinsolvency · COCOMP
- 2009-06-04✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2009-04-20📄legacyannual-return · 363a
- 2009-03-27📄legacycapital · 88(2)
- 2009-03-13📄legacyofficers · 288a
- 2009-03-13📄legacyofficers · 288b
- 2009-03-13📄legacyofficers · 288b
- 2009-03-12➕NIXON, Ian Geoffrey appointedsecretary
- 2009-03-12➖NIXON, Janet resignedsecretary
- 2009-03-12➖NIXON, Janet resigneddirector
- 2008-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-03-07📄legacyannual-return · 363a
- 2007-07-04📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-03-08📄legacyannual-return · 363a
- 2006-07-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-03-27📄legacyannual-return · 363a
- 2005-07-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-02-28📄legacyannual-return · 363s
- 2005-02-28📄legacyannual-return · 363(288)
- 2005-02-28📄legacyannual-return · 363(353)
- 2004-12-11📄legacymortgage · 395
- 2004-12-10🔒Charge registered #3Lender: Hsbc Bank PLC
- 2004-10-22📄legacyaccounts · 225
- 2004-10-05📄legacycapital · 88(2)R
- 2004-10-05📄legacycapital · 88(2)R
- 2004-10-05📄resolutionresolution · RESOLUTIONS
- 2004-10-05📄resolutionresolution · RESOLUTIONS
- 2004-09-29🔒Charge registered #2Lender: Hsbc Bank PLC
- 2004-09-24🔒Charge registered #1Lender: Hsbc Bank PLC
- 2004-02-20🏢Company incorporatedAs SPR DEVELOPMENTS LIMITED
- 2004-02-20➕NIXON, Gary Lee appointeddirector
- 2004-02-20➕NIXON, Ian Geoffrey appointeddirector
- 2004-02-20➕NIXON, Janet appointedsecretary
- 2004-02-20➕SAME-DAY COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 2004-02-20➖SAME-DAY COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2004-02-20➕NIXON, Janet appointeddirector
- 2004-02-20➕WILDMAN & BATTELL LIMITED appointedcorporate-nominee-director
- 2004-02-20➖WILDMAN & BATTELL LIMITED resignedcorporate-nominee-director
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.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — 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 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 2010-06-26
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-06-26: gazette-dissolved-liquidation; 2010-03-26: liquidation-compulsory-completion
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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 10/12/2004 | — | |
| outstanding | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 29/09/2004 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 24/09/2004 | — |