BSPOQE GROUP LIMITED

💤Zombieactive
13050252 · ltd · incorporated 2020-11-30
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
£-1.3k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (72/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £1,285

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£1k
↑ 83% YoY
Current Assets
£88k
↑ 10% YoY
Current Liabilities
-£7k£12k£31k£50k£69k£88kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-11-302023-11-30
Total assets£262.8k£291.2k
Current assets£87.9k£79.6k
Net assets£-1.3k£-7.4k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-06-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-06-09
    RAI, Malkit Singh resigned
    director
  4. 2024-08-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-11-21
    🔓
    Charge satisfied #1
  9. 2022-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-09-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-09-10
    RAI, Malkit Singh appointed
    director
  12. 2021-03-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-03-26
    🔒
    Charge registered #1
    Lender: Asset Advantage Limited
  14. 2020-11-30
    🏢
    Company incorporated
    As BSPOQE GROUP LIMITED
  15. 2020-11-30
    RAI, Manjit Singh appointed
    director
  16. 2020-11-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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

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
Incorporated2020-11-30
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

Unit 16-17 Telford Road
Durranhill Industrial Estate
Carlisle
CA1 3NW
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-28
Last: 2025-11-14

Officers (1 active · 1 resigned)

RAI, Manjit Singh
director · ~55y · appointed 2020-11-30
View their other companies + combined net worth →
Active
RAI, Malkit Singh
director · ~54y · appointed 2021-09-10 · resigned 2025-06-09
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Asset Advantage
Asset Advantage Limited
A registered charge26/03/202121/11/2022

Recent filings (15 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-21
appoint-person-director-company-with-name-date
officers · AP01
2021-09-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-26
incorporation-company
incorporation · NEWINC
2020-11-30