20:20 SPM LIMITED

🌳Matureactive
06363098 · ltd · incorporated 2007-09-06
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
—
year to Dec 2024
Net worth
£-368
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (77/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £368
Net assets shrinking
Down £1,457 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£25k
~ YoY
Net Worth
-£368
↓ 134% YoY
Current Assets
£43k
↓ 3.9% YoY
Current Liabilities
—
-£368£9k£18k£27k£36k£45kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£425£1.6k
Current assets£42.9k£44.6k
Cash£24.8k£24.8k
Debtors£18.1k£19.9k
Net assets£-368£1.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2020-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-05-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-09-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-08-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2015-08-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2013-02-20
    ➕
    GRAIN, Blanka appointed
    director
  17. 2010-10-31
    ➕
    GRAIN, Michael Richard appointed
    secretary
  18. 2010-10-31
    ➖
    NEWTON, Elaine Claire resigned
    secretary
  19. 2010-10-31
    ➖
    GRAIN, John Derek, Mr. resigned
    director
  20. 2010-10-31
    ➖
    NEWTON, Elaine Claire resigned
    director
  21. 2010-10-31
    ➖
    WATSON, Neil resigned
    director
  22. 2007-09-06
    🏢
    Company incorporated
    As 20:20 SPM LIMITED
  23. 2007-09-06
    ➕
    GRAIN, Michael Richard appointed
    director
  24. 2007-09-06
    ➕
    NEWTON, Elaine Claire appointed
    secretary
  25. 2007-09-06
    ➕
    GRAIN, John Derek, Mr. appointed
    director
  26. 2007-09-06
    ➕
    NEWTON, Elaine Claire appointed
    director
  27. 2007-09-06
    ➕
    WATSON, Neil 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 19 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Michael Richard Grain
Individual · British · DOB 09/1971 · age 55
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence06/04/2016
Mrs Blanka Grain
Individual · Czech · DOB 08/1977 · age 49
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence06/04/2016

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
Incorporated2007-09-06
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

2 The Old Estate Yard High Street
East Hendred
Wantage
Oxfordshire
OX12 8JY
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06

Officers (3 active · 4 resigned)

GRAIN, Michael Richard→
secretary · appointed 2010-10-31
View their other companies + combined net worth →
Active
GRAIN, Blanka→
director · ~49y · appointed 2013-02-20
View their other companies + combined net worth →
Active
GRAIN, Michael Richard→
director · ~55y · appointed 2007-09-06
View their other companies + combined net worth →
Active
NEWTON, Elaine Claire→
secretary · appointed 2007-09-06 · resigned 2010-10-31
Resigned
GRAIN, John Derek, Mr.→
director · ~59y · appointed 2007-09-06 · resigned 2010-10-31
Resigned
NEWTON, Elaine Claire→
director · ~57y · appointed 2007-09-06 · resigned 2010-10-31
Resigned
WATSON, Neil→
director · ~58y · appointed 2007-09-06 · resigned 2010-10-31
Resigned

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

Recent filings (52 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-03-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-06