1SPATIAL PLC

🌳Matureactive

05429800 · plc · incorporated 2005-04-20

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Other information technology service activities

Sector: Information & communication

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (48/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 19.8y

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 19.8 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

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, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

48 officers (5 active, 48 linked, 35 with DOB)

Ownership & PSC

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

Director network

15 connected companies via shared directors

Filing history

306 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 7 officers
• 2 persons-with-significant-control
• 1 miscellaneous

Last 90 days

filings

• 7 officers
• 2 persons-with-significant-control
• 2 capital

Last 180 days

filings

• 7 officers
• 4 capital
• 2 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (128 events)Click to expand

2026-05-07
📄
court-order
miscellaneous · OC
2026-05-06
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-05
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-04-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-29
➕
SCHMIDT, Jens appointed
secretary
2026-04-29
➕
BERRY, Andrew appointed
director
2026-04-29
➕
SMITH, Richard Paul appointed
director
2026-04-29
➖
WALLACE, Susan Margaret resigned
secretary
2026-04-29
➖
MASSEY, Peter John resigned
director
2026-04-29
➖
ROBERTS, Andrew Henry resigned
director
2026-04-29
➖
SMALL, Francis David resigned
director
2026-04-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-29
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2026-04-28
📄
capital-allotment-shares
capital · SH01
2026-03-30
📄
resolution
resolution · RESOLUTIONS
2026-03-16
📄
capital-cancellation-shares-by-plc
capital · SH07
2026-01-02
📄
capital-allotment-shares
capital · SH01
2025-12-22
📄
capital-allotment-shares
capital · SH01
2025-11-07
📄
capital-allotment-shares
capital · SH01
2025-11-07
📄
capital-allotment-shares
capital · SH01
2025-11-07
📄
capital-allotment-shares
capital · SH01
2025-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-07
📄
capital-allotment-shares
capital · SH01
2025-07-31
📄
capital-allotment-shares
capital · SH01
2025-05-20
➖
HARBER, Ben resigned
secretary
2025-05-20
➕
WALLACE, Susan Margaret appointed
secretary
2024-06-27
➕
HARBER, Ben appointed
secretary
2024-06-27
➖
WALLACE, Susan Margaret resigned
secretary
2022-12-19
➕
RITCHIE, Stuart William appointed
director
2022-12-19
➖
FABIAN, Andrew Mark resigned
director
2022-06-22
🔒
Charge registered #7
Lender: National Westminster Bank PLC
2020-06-16
➕
FABIAN, Andrew Mark appointed
director
2020-06-16
➖
PAYNE, Nicole resigned
director
2019-07-26
🔓
Charge satisfied #5
2019-07-05
🔓
Charge satisfied #6
2018-07-10
➕
MASSEY, Peter John appointed
director
2018-03-14
➖
HABGOOD, Nicholas John resigned
director
2018-03-13
🔓
Charge satisfied #4
2017-08-01
➕
SMALL, Francis David appointed
director
2017-06-16
➖
MILVERTON, Claire resigned
secretary
2017-06-16
➕
WALLACE, Susan Margaret appointed
secretary
2017-03-13
➕
PAYNE, Nicole appointed
director
2017-01-31
➖
SANDERSON, Michael Stephen, Dr resigned
director

Showing most recent 50 of 128 events

Owner dependency

58/100

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.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondary12+ year tenure: Director in role 16 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

5 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HARBER, Ben resigned 2025-05-20; WALLACE, Susan Margaret resigned 2026-04-29; MASSEY, Peter John resigned 2026-04-29

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.

Group structure

Vertigis Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Vertigis Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

1SPATIAL PLC

This company · 05429800

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
Vertigis Ltd Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	29/04/2026

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.

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Company details

Statusactive

Typeplc

Incorporated2005-04-20

Jurisdictionengland-wales

Primary SIC62090 — Other information technology service activities

Registered office

Unit F7 Stirling House Cambridge Innovation Park

Denny End Road, Waterbeach

Cambridge

Cambridgeshire

CB25 9PB

United Kingdom

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-05-04

Last: 2026-04-20