SPECTRUM DECORATING LTD.

🌳Matureactive

SC172495 · ltd · incorporated 1997-02-20

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 9.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£222.7k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Painting

Sector: Construction

Investor take

Pursue

Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 9.0y

85/100

ready

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

· Oldest live charge is 9.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

9 officers (5 active, 9 linked, 7 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

92 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £222,712

Net assets shrinking

Down £61,397 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£223k

↓ 22% YoY

Current Assets

£372k

↓ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£298.8k	£380.0k
Current assets	£371.5k	£420.8k
Cash	—	£188.3k
Debtors	£370.2k	£230.9k
Net assets	£222.7k	£284.1k

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

filings

Last 90 days

filings

• 2 persons-with-significant-control
• 2 officers
• 1 confirmation-statement

Last 180 days

filings

• 2 persons-with-significant-control
• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-04-08
➕
DICKSON, Paul John appointed
director
2026-04-08
➖
DICKSON, Paul resigned
director
2026-04-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
📄
memorandum-articles
incorporation · MA
2025-03-31
📄
resolution
resolution · RESOLUTIONS
2024-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-30
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-30
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-06-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-20
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-02-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-02-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-02-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-17
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2017-04-28
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2017-04-03
➕
COLLINS, Christopher appointed
director
2017-04-03
➕
RUSSELL, Mark appointed
director
1997-02-20
🏢
Company incorporated
As SPECTRUM DECORATING LTD.
1997-02-20
➕
DICKSON, Paul appointed
secretary
1997-02-20
➕
RUSSELL, Norman appointed
director
1997-02-20
➕
FOOT, Leigh appointed
nominee-secretary
1997-02-20
➖
FOOT, Leigh resigned
nominee-secretary
1997-02-20
➕
DICKSON, Paul appointed
director
1997-02-20
➕
MCINTOSH, Susan appointed
nominee-director
1997-02-20
➖
MCINTOSH, Susan resigned
nominee-director
1997-02-20
➕
TRAINER, Peter appointed
nominee-director
1997-02-20
➖
TRAINER, Peter resigned
nominee-director

Owner dependency

73/100

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.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Paul John Dickson Individual · British · DOB 01/1962 · age 64	25–50%	—	25-50% shares	08/04/2026
Mr Norman Russell Individual · British · DOB 09/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Mr Paul Dicksonceased 08/04/2026· 25-50% shares · 25-50% voting

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

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A.C. ELECTRICS (CLELAND) LTD.→ SC269237 · est 2004	—	—	—	—	21y	83	62y
ADVANCE CONSTRUCTION (SCOTLAND) LIMITED→ SC202570 · est 1999 · no financials extracted	—	—	—	—	26y	83	68y
ADVANCE UTILITIES (SCOTLAND) LTD→ SC157842 · est 1995	—	—	—	53	31y	83	68y
BRANNOCK DECORATORS LTD.→ SC218053 · est 2001	—	—	£419.3k	—	25y	83	63y
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JMS PLANT HIRE LIMITED→ SC191902 · est 1998 · no financials extracted	—	—	—	—	27y	83	68y
MAQ (AIR CONDITIONING) LIMITED→ SC314817 · est 2007	—	—	£307.9k	—	19y	83	70y
RSD GLASS WORKS LIMITED→ SC282519 · est 2005	—	—	£78.6k	—	21y	83	66y
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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.

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Company details

Statusactive

Typeltd

Incorporated1997-02-20

Jurisdictionscotland

Primary SIC43341 — Painting

Registered office

25 Glencraig Street

Airdrie

ML6 9AR

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-06

Last: 2026-02-20