SPAGHETTI ASSETS LTD
🌳Matureactive
08485302 · ltd · incorporated 2013-04-12
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 Jul 2024
Net worth
£586.5k
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 37/100. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).
🏦
Refinance opportunity
8 live charges · 5 lenders · oldest 8.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
51
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £586,500
Net assets shrinking
Down £72 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£587k
~ YoY
Current Assets
£634k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £588.0k | £588.1k |
| Current assets | £634.3k | £634.3k |
| Net assets | £586.5k | £586.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (42 events)Click to expand
- 2025-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-25➕HICKINBOTHAM, Daniel John appointeddirector
- 2025-07-25➖CHAMBERS, Martin resigneddirector
- 2025-07-25➖ELLIS, Paul James resigneddirector
- 2025-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-06➕MORTIMORE, James Richard appointeddirector
- 2025-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-21📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-09-12📄gazette-notice-compulsorygazette · GAZ1
- 2022-08-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-17🔒Charge registered #8Lender: Tfg Capital No.2 Limited
- 2022-08-17🔒Charge registered #7Lender: Tfg Capital No.2 Limited
- 2022-08-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-05➕CHAMBERS, Martin appointeddirector
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-09-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-09-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-09-16🔓Charge satisfied #4
- 2021-09-16🔓Charge satisfied #3
- 2021-09-13➕ELLIS, Paul James appointeddirector
- 2021-09-13➖HARTLEY, Matthew Paul resigneddirector
- 2021-09-13🔒Charge registered #6Lender: Direct Special Metals LTD
- 2021-09-13🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2019-08-07🔓Charge satisfied #1
- 2019-08-06🔓Charge satisfied #2
- 2019-07-26🔒Charge registered #4Lender: Fraser Bridging Capital Limited
- 2019-07-26🔒Charge registered #3Lender: Fraser Bridging Capital Limited
- 2018-07-06🔒Charge registered #2Lender: Lloyds Bank PLC
- 2018-02-02🔒Charge registered #1Lender: Lloyds Bank PLC
- 2013-04-12🏢Company incorporatedAs SPAGHETTI ASSETS LTD
- 2013-04-12➕HARTLEY, Matthew Paul appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 2 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-04-30
2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CHAMBERS, Martin resigned 2025-07-25; ELLIS, Paul James resigned 2025-07-25
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Harrowells (No223) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Harrowells (No223) Limited
Corporate parent · holds 75-100% shares
⬇
SPAGHETTI ASSETS LTD
This company · 08485302
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 |
|---|---|---|---|---|
Harrowells (No223) Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 13/09/2021 |
1 historic (ceased) PSC
- Mr Matthew Hartleyceased 13/09/2021· 75-100% shares · 75-100% voting · board control
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| ACHIEVE SEARCH LTD→ 15471210 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ACRES22.COM LIMITED→ 16076501 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVE WATERCOOLERS LTD→ 09121228 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AD CONSULTING GROUP LTD→ 16742537 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADA MEHER LTD→ 16597136 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAM HOLDINGS (LEEDS) LIMITED→ 09204415 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ADAMS RTT LTD→ 11267580 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADC ENGINEERING SERVICES LTD→ 16366669 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADDITIVE DESIGN LTD→ 09819016 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ADDMIN LIMITED→ 04418033 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| ADDYSON POPE LIMITED→ 15602589 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADE NEXUS LIMITED→ 17095765 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2013-04-12
Jurisdictionengland-wales
Primary SIC70100 — Activities of head offices
Registered office
Leigh House
28-32 St Pauls Street
Leeds
LS1 2JT
England
Filing status
Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-07-10
Last: 2025-06-26
Officers (2 active · 3 resigned)
HICKINBOTHAM, Daniel John→
Activedirector · ~45y · appointed 2025-07-25
View their other companies + combined net worth →
MORTIMORE, James Richard→
Activedirector · ~48y · appointed 2025-01-06
View their other companies + combined net worth →
CHAMBERS, Martin→
Resigneddirector · ~42y · appointed 2022-08-05 · resigned 2025-07-25
ELLIS, Paul James→
Resigneddirector · ~48y · appointed 2021-09-13 · resigned 2025-07-25
HARTLEY, Matthew Paul→
Resigneddirector · ~42y · appointed 2013-04-12 · resigned 2021-09-13
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
4
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tfg Capital No.2 Tfg Capital No.2 Limited | A registered charge | 1 property | 17/08/2022 | — | |
| outstanding | Tfg Capital No.2 Tfg Capital No.2 Limited | A registered charge | 1 property | 17/08/2022 | — | |
| outstanding | Direct Special Metals Direct Special Metals LTD | A registered charge | 1 property | 13/09/2021 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 13/09/2021 | — | |
| satisfied | Fraser Bridging Capital Fraser Bridging Capital Limited | A registered charge | 1 property | 26/07/2019 | 16/09/2021 | |
| satisfied | Fraser Bridging Capital Fraser Bridging Capital Limited | A registered charge | 1 property | 26/07/2019 | 16/09/2021 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 06/07/2018 | 06/08/2019 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 02/02/2018 | 07/08/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (60 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25
termination-director-company-with-name-termination-date
officers · TM01
2025-07-25
termination-director-company-with-name-termination-date
officers · TM01
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-25
change-account-reference-date-company-previous-extended
accounts · AA01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-15
gazette-filings-brought-up-to-date
gazette · DISS40
2023-10-21
gazette-notice-compulsory
gazette · GAZ1
2023-09-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-31