S P TECHNOLOGY LIMITED

🌳Matureactive
SC087192 · ltd · incorporated 1984-03-19
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 42.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Machining
Sector: Manufacturing
ALSO REGISTERED FOR
  • 28960SIC 28960
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 42.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 42.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 5 with DOB)
80
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
136 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees37003700

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
2
filings
  • • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-01-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2024-05-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-09-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-02-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2021-05-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2020-06-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2019-06-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2018-05-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2017-10-03
    📄
    capital-cancellation-shares
    capital · SH06
  12. 2017-10-03
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2017-10-03
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2017-10-03
    📄
    capital-return-purchase-own-shares
    capital · SH03
  15. 2017-08-31
    ➖
    CHISHOLM, Roderick John resigned
    director
  16. 2017-08-31
    ➖
    MORRISON, Allan Clark resigned
    director
  17. 2017-08-30
    🔓
    Charge satisfied #1
  18. 2017-08-21
    🔒
    Charge registered #2
    Lender: Svenska Handelsbanken Ab (Publ)
  19. 2014-04-15
    ➕
    KEILLOR, Dawn Blake appointed
    secretary
  20. 2014-04-14
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  21. 2014-04-02
    ➕
    NIXON, Lee appointed
    director
  22. 2006-12-01
    ➕
    HENDERSON, Roy Craig appointed
    director
  23. 2005-10-23
    ➖
    BEATTIE, Robert, Dr resigned
    director
  24. 2004-12-08
    ➖
    SMITH, Maisie resigned
    secretary
  25. 2004-12-08
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  26. 2003-08-18
    ➕
    BEATTIE, Robert, Dr appointed
    director
  27. 1999-12-31
    ➕
    SMITH, Maisie appointed
    secretary
  28. 1999-12-31
    ➖
    URQUHART, John Russell resigned
    secretary
  29. 1991-10-21
    ➖
    SMITH, Alexander Martin resigned
    director
  30. 1984-05-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  31. 1984-03-19
    🏢
    Company incorporated
    As S P TECHNOLOGY LIMITED

Owner dependency

68/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Roy Craig Henderson
Individual · Scottish · DOB 05/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting01/09/2017
Mr Lee Nixon
Individual · Scottish · DOB 10/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting01/09/2017
2 historic (ceased) PSCs
  • Mr Roderick John Chisholmceased 31/08/2017· 25-50% shares
  • Mr Allan Clark Morrisonceased 31/08/2017· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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BENTLEYS HOLDINGS LIMITED→
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————2y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1984-03-19
Jurisdictionscotland
Primary SIC25620 — Machining

Registered office

3 George Buckman Drive
Camperdown Industrial Park
Dundee
DD2 3SP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (3 active · 7 resigned)

KEILLOR, Dawn Blake→
secretary · appointed 2014-04-15
View their other companies + combined net worth →
Active
HENDERSON, Roy Craig→
director · ~57y · appointed 2006-12-01
View their other companies + combined net worth →
Active
NIXON, Lee→
director · ~52y · appointed 2014-04-02
View their other companies + combined net worth →
Active
SMITH, Maisie→
secretary · appointed 1999-12-31 · resigned 2004-12-08
Resigned
URQUHART, John Russell→
secretary · resigned 1999-12-31
Resigned
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-08 · resigned 2014-04-14
Resigned
BEATTIE, Robert, Dr→
director · ~97y · appointed 2003-08-18 · resigned 2005-10-23
Resigned
CHISHOLM, Roderick John→
director · ~76y · resigned 2017-08-31
Resigned
MORRISON, Allan Clark→
director · ~83y · resigned 2017-08-31
Resigned
SMITH, Alexander Martin→
director · resigned 1991-10-21
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge—21/08/2017—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/05/198430/08/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (136 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
accounts-with-accounts-type-small
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
accounts-with-accounts-type-small
accounts · AA
2024-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-24
accounts-with-accounts-type-small
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-small
accounts · AA
2022-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-25
accounts-with-accounts-type-small
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-26