SPRING MEADOW SERVICES LTD

🌿Early-stageactive
14114371 · ltd · incorporated 2022-05-18
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 May 2024
Net worth
£5.33M
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Activities of open-ended investment companies
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (40/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £5,327,021

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£5.3m
Current Assets
£5.2m
Current Liabilities
£0£1.1m£2.1m£3.2m£4.3m£5.3mMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-05-312023-05-31
Total assets£5.33M
Current assets£5.22M
Net assets£5.33M

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 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (6 events)Click to expand
  1. 2025-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2022-05-18
    🏢
    Company incorporated
    As SPRING MEADOW SERVICES LTD
  4. 2022-05-18
    PAPWORTH, Linda appointed
    director
  5. 2022-05-18
    PAPWORTH, Matthew Dominic appointed
    director
  6. 2022-05-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited 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 ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Linda Papworth
Individual · British · DOB 11/1969 · age 57
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/05/2022
Mr Matthew Dominic Papworth
Individual · British · DOB 11/1971 · age 55
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/05/2022

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

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.

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Company details

Statusactive
Typeltd
Incorporated2022-05-18
Jurisdictionengland-wales
Primary SIC64304 — Activities of open-ended investment companies

Registered office

28 Prescott Street
Halifax
West Yorkshire
HX1 2LG
England

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-05-27
Last: 2026-05-13

Officers (2 active · 0 resigned)

PAPWORTH, Linda
director · ~57y · appointed 2022-05-18
View their other companies + combined net worth →
Active
PAPWORTH, Matthew Dominic
director · ~55y · appointed 2022-05-18
View their other companies + combined net worth →
Active

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

Recent filings (7 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
incorporation-company
incorporation · NEWINC
2022-05-18