SPENCER FINANCE LTD

🌿Early-stageactive
13985301 · ltd · incorporated 2022-03-17
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2026
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Activities of venture and development capital companies
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 70/100. 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: 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
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
13 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
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jan 2025Jan 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-01-312025-01-31
Average employees2200

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
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-24
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  5. 2023-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-10-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-03-24
    📍
    change-sail-address-company-with-new-address
    address · AD02
  8. 2023-03-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-03-01
    MUNRO, Alexander Ellis appointed
    director
  10. 2022-03-17
    🏢
    Company incorporated
    As SPENCER FINANCE LTD
  11. 2022-03-17
    ROWELL, Robert Simon appointed
    director
  12. 2022-03-17
    KS COMPANY NO.1 LIMITED appointed
    corporate-director
  13. 2022-03-17
    KS COMPANY NO.2 LIMITED appointed
    corporate-director
  14. 2022-03-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.

Red flags

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

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Ks Company No.1 Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Ks Company No.2 Limited
Corporate parent · holds 25-50% shares
significant stake
SPENCER FINANCE LTD
This company · 13985301

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ks Company No.1 Limited
Corporate entity
2550%
25-50% shares · trust interest17/03/2022
Ks Company No.2 Limited
Corporate entity
2550%
25-50% shares · trust interest17/03/2022

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

8 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
Incorporated2022-03-17
Jurisdictionengland-wales
Primary SIC64303 — Activities of venture and development capital companies

Registered office

44 Spinners Hollow
Ripponden
Sowerby Bridge
West Yorkshire
HX6 4HY
England

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (4 active · 0 resigned)

MUNRO, Alexander Ellis
director · ~59y · appointed 2023-03-01
View their other companies + combined net worth →
Active
ROWELL, Robert Simon
director · ~68y · appointed 2022-03-17
View their other companies + combined net worth →
Active
KS COMPANY NO.1 LIMITED
corporate-director · appointed 2022-03-17
View their other companies + combined net worth →
Active
KS COMPANY NO.2 LIMITED
corporate-director · appointed 2022-03-17
View their other companies + combined net worth →
Active

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
change-sail-address-company-with-old-address-new-address
address · AD02
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-09
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-10-09
change-sail-address-company-with-new-address
address · AD02
2023-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-23
appoint-person-director-company-with-name-date
officers · AP01
2023-03-23
incorporation-company
incorporation · NEWINC
2022-03-17