EUROSPRAY LIMITED
🌳Matureactive
SC181149 · ltd · incorporated 1997-12-01
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Painting
Sector: Construction
Investor take
PursueActive trading company with a 77-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 28.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Average employees | 5300 | 6800 |
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 (37 events)Click to expand
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-15🔓Charge satisfied #5
- 2023-06-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-31🔓Charge satisfied #4
- 2022-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2018-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2018-04-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-01-31🔒Charge registered #5Lender: Business Loans Scotland
- 2017-12-05🔒Charge registered #4Lender: Dsl Business Finance Limited
- 2017-10-12🔓Charge satisfied #2
- 2017-10-12🔓Charge satisfied #1
- 2016-05-01➕FAIRNIE, James Gibson Archibald appointeddirector
- 2015-11-11➖LYCIDAS SECRETARIES LIMITED resignedcorporate-secretary
- 2012-05-15🔒Charge registered #3Lender: Lloyds Tsb Commercial Finance Limited
- 2009-10-07🔒Charge registered #2Lender: Lloyds Tsb Commercial Finance Limited
- 2005-04-24➖SCOTT, Robert resigneddirector
- 2000-03-31➕LYCIDAS SECRETARIES LIMITED appointedcorporate-secretary
- 2000-03-31➖T D YOUNG & CO resignedcorporate-nominee-secretary
- 1998-05-01🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1998-03-27➕STRANGE, Michael appointeddirector
- 1998-03-05➕SCOTT, Robert appointeddirector
- 1998-03-05➖YOUNG, Thomas Duncan resignednominee-director
- 1997-12-01🏢Company incorporatedAs EUROSPRAY LIMITED
- 1997-12-01➕T D YOUNG & CO appointedcorporate-nominee-secretary
- 1997-12-01➕YOUNG, Thomas Duncan appointednominee-director
Owner dependency
83/100
Critical — business is the founderThe 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 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 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 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 28 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Eurospray Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Eurospray Group Limited
Corporate parent · holds 75-100% shares
⬇
EUROSPRAY LIMITED
This company · SC181149
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Eurospray Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 13/12/2023 |
1 historic (ceased) PSC
- Mr Michael Strangeceased 13/12/2023· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CRAIG FENTON DESIGN LIMITED→ SC505072 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| DIABLO ENTERPRISES LIMITED→ SC599918 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| EAST FIFE JOINERY LIMITED→ SC479347 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| ECCLES HEATING SERVICES LIMITED→ SC753575 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| EJC CRAFTS LTD→ SC881214 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EWEN PROPERTY LTD→ SC339697 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| F&F JOINERY LTD→ SC764227 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| F1 DEVELOPMENTS LTD→ SC511601 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| FFDR LIMITED→ SC183511 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| FIFE FACILITY SERVICES LTD→ SC699516 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FIFE GAS SOLUTIONS LTD.→ SC690056 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| FIFE RENOVATIONS LTD→ SC575285 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated1997-12-01
Jurisdictionscotland
Primary SIC43341 — Painting
Registered office
Pentland House
Saltire Centre
Glenrothes
Fife
KY6 2AH
Scotland
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12
Officers (2 active · 4 resigned)
FAIRNIE, James Gibson Archibald→
Activedirector · ~57y · appointed 2016-05-01
View their other companies + combined net worth →
STRANGE, Michael→
Activedirector · ~77y · appointed 1998-03-27
View their other companies + combined net worth →
LYCIDAS SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2000-03-31 · resigned 2015-11-11
T D YOUNG & CO→
Resignedcorporate-nominee-secretary · appointed 1997-12-01 · resigned 2000-03-31
SCOTT, Robert→
Resigneddirector · ~83y · appointed 1998-03-05 · resigned 2005-04-24
YOUNG, Thomas Duncan→
Resignednominee-director · ~74y · appointed 1997-12-01 · resigned 1998-03-05
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Business Loans Scotland | A registered charge | — | 31/01/2018 | 15/12/2023 | |
| satisfied | Dsl Business Finance Dsl Business Finance Limited | A registered charge | — | 05/12/2017 | 31/01/2023 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Bond & floating charge | 1 property | 15/05/2012 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Floating charge | 1 property | 07/10/2009 | 12/10/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 01/05/1998 | 12/10/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (103 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-12-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-12
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-04