BSPOQE (CARLISLE) LTD

💤Zombieactive
13099817 · ltd · incorporated 2020-12-24
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 Dec 2024
Net worth
£-312.5k
book net assets
Opportunity
70/100
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 70/100 (strong), bankability 75/100. 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).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £312,478

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£312k
↓ 41% YoY
Current Assets
£75k
↓ 3.0% YoY
Current Liabilities
-£312k-£234k-£157k-£79k-£552£77kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£-295.6k£-211.6k
Current assets£75.1k£77.4k
Net assets£-312.5k£-222.3k

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
5
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Last 90 days
5
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-07-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-07-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-07-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-07-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2026-07-10
    PATEL, Tarunkumar appointed
    director
  6. 2026-07-10
    RAI, Manjit Singh resigned
    director
  7. 2025-11-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-11-01
    RAI, Malkit Singh resigned
    director
  9. 2025-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-05-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-09-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-09-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2021-09-06
    RAI, Malkit Singh appointed
    director
  17. 2020-12-24
    🏢
    Company incorporated
    As BSPOQE (CARLISLE) LTD
  18. 2020-12-24
    RAI, Manjit Singh appointed
    director
  19. 2020-12-24
    📄
    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

1 med ·
2 director resignations in last 12 months
medium

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

Evidence: RAI, Malkit Singh resigned 2025-11-01; RAI, Manjit Singh resigned 2026-07-10

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Tarunkumar Patel
Individual · British · DOB 04/1982 · age 44
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/07/2026
2 historic (ceased) PSCs
  • Mr Manjit Singh Raiceased 10/07/2026· 25-50% shares · 25-50% voting · board control
  • Malkit Singh Raiceased 06/09/2021· 25-50% shares · 25-50% 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 →

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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
Incorporated2020-12-24
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

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

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-28
Last: 2025-11-14

Officers (1 active · 2 resigned)

PATEL, Tarunkumar
director · ~44y · appointed 2026-07-10
View their other companies + combined net worth →
Active
RAI, Malkit Singh
director · ~54y · appointed 2021-09-06 · resigned 2025-11-01
Resigned
RAI, Manjit Singh
director · ~55y · appointed 2020-12-24 · resigned 2026-07-10
Resigned

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

Recent filings (19 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-07-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-07-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-07-13
termination-director-company-with-name-termination-date
officers · TM01
2026-07-13
appoint-person-director-company-with-name-date
officers · AP01
2026-07-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-11-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-20