SPEY BAY TRADING COMPANY LTD.

🌳Matureactive
SC180155 · ltd · incorporated 1997-10-31
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 26.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£5.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 26.4y

85/100
ready

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

  • · Oldest live charge is 26.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £5,379

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£5k
Current Assets
£5k
Current Liabilities
—
£0£1k£2k£3k£4k£5kDec 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£5.4k—
Current assets£5.4k—
Net assets£5.4k—

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-07-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-06-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-03-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-11-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2017-11-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2017-11-03
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2017-05-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-08-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-11-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2003-12-23
    🔓
    Charge satisfied #1
  17. 1999-12-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 1999-06-11
    ➕
    MURRAY, Jean appointed
    director
  19. 1997-10-31
    🏢
    Company incorporated
    As SPEY BAY TRADING COMPANY LTD.
  20. 1997-10-31
    ➕
    MURRAY, Jean appointed
    secretary
  21. 1997-10-31
    ➕
    MURRAY, Colin Mcdonald appointed
    director
  22. 1997-10-31
    ➕
    REID, Brian appointed
    nominee-secretary
  23. 1997-10-31
    ➖
    REID, Brian resigned
    nominee-secretary
  24. 1997-10-31
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  25. 1997-10-31
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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.)

Group structure

Colin Murray Development Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Colin Murray Development Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SPEY BAY TRADING COMPANY LTD.
This company · SC180155

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Colin Murray Development Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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AN TAIRBEART LIMITED→
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——£946.0k—33y8294y
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——£5.1k—26y8274y
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——£23.0k—16y8273y
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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
Incorporated1997-10-31
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

9 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31

Officers (3 active · 2 resigned)

MURRAY, Jean→
secretary · appointed 1997-10-31
View their other companies + combined net worth →
Active
MURRAY, Colin Mcdonald→
director · ~73y · appointed 1997-10-31
View their other companies + combined net worth →
Active
MURRAY, Jean→
director · ~72y · appointed 1999-06-11
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1997-10-31 · resigned 1997-10-31
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1997-10-31 · resigned 1997-10-31
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/12/199923/12/2003

Recent filings (71 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-02
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-02