ALPHA HORSESHOES LIMITED

🌳Matureactive

09018417 · ltd · incorporated 2014-04-30

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 Oct 2025

Net worth

£99

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -74% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (3 active, 3 linked, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

4 connected companies via shared directors

Filing history

28 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

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

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £99

Cash draining

Cash down 74% YoY

Cash YoY

-74%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£9k

↓ 74% YoY

Net Worth

£99

~ YoY

Current Assets

£60k

↓ 24% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-10-31	2024-10-31
Total assets	£99	£99
Current assets	£60.4k	£79.7k
Cash	£9.4k	£36.8k
Debtors	£42.3k	£34.3k
Net assets	£99	£99

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

filings

• 1 persons-with-significant-control
• 1 officers
• 1 confirmation-statement

Last 90 days

filings

• 1 persons-with-significant-control
• 1 officers
• 1 confirmation-statement

Last 180 days

filings

• 1 persons-with-significant-control
• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2026-05-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-06
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-01-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-04-30
🏢
Company incorporated
As ALPHA HORSESHOES LIMITED
2014-04-30
➕
HEAD, Samuel Charles appointed
director
2014-04-30
➕
OVNICEK, Cody Lee appointed
director
2014-04-30
➕
SPRIGGS, Mark Simon appointed
director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 12 years.
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

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Mark Simon Spriggs Individual · British · DOB 03/1957 · age 69	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Cody Lee Ovnicek Individual · American · DOB 02/1975 · age 51	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Samuel Charles Head Individual · British · DOB 07/1976 · age 50	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Wholesale & distribution · MK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A B FRUITS LIMITED→ 05651085 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
A NEW DAWN CELEBRATIONS LIMITED→ 17011731 · est 2026 · no financials extracted	—	—	—	—	—	—	—
A1 FOODS BEDFORD LTD→ 13868414 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
A2S' STUDIO LTD→ 15921282 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ACRUK LTD→ 15313980 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ADWOA CORP LTD→ 14301680 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ALFAST FIXINGS & FASTENERS LIMITED→ 01527382 · est 1980 · no financials extracted	—	—	—	—	45y	—	—
ALLSTARGOODS LIMITED→ 14796142 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ALPHA GARAGE EQUIPMENT LTD→ 11079047 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ALTIEL LIMITED→ 07844179 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ALTO-SHAAM UK LTD→ 15817289 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AMERICAN PACIFIC COMPUTERS LIMITED→ 02490222 · est 1990 · no financials extracted	—	—	—	—	36y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated2014-04-30

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

The Stable Yard Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1AQ

England

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2027-05-14

Last: 2026-04-30

Officers (3 active · 0 resigned)

HEAD, Samuel Charles→

director · ~50y · appointed 2014-04-30

View their other companies + combined net worth →

Active

OVNICEK, Cody Lee→

director · ~51y · appointed 2014-04-30

View their other companies + combined net worth →

Active

SPRIGGS, Mark Simon→

director · ~69y · appointed 2014-04-30

View their other companies + combined net worth →

Active

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

Recent filings (28 total)

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-05-06

change-person-director-company-with-change-date

officers · CH01

2026-05-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-05-06