SPRING ENGINEERING SERVICES LIMITED

🌳Matureactive
SC220378 · ltd · incorporated 2001-06-18
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Leverage-led grower with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 57/100. Strong seller-intent signal (83/100, director aged 74). 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 (85/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 15.6y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 15.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (80/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 102
Profitable
Profit before tax £335,407

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£607k£1.2m£1.8m£2.4m£3.0mDec 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
Gross profit£3.14M—
Operating profit£332.1k—
Profit before tax£335.4k—
Total assets—£3.93M
Current assets—£2.69M
Cash—£2.11M
Debtors—£515.9k
Net assets—£3.03M
Average employees3800—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 (31 events)Click to expand
  1. 2025-09-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-09-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-10-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-09-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2020-09-15
    🔒
    Charge registered #10
    Lender: Hsbc UK Bank PLC
  9. 2019-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2017-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2016-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-07-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-06-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2010-11-03
    🔒
    Charge registered #9
    Lender: Hsbc Equipment Finance (UK) Limited
  19. 2010-11-03
    🔒
    Charge registered #8
    Lender: Hsbc Asset Finance (UK) Limited
  20. 2010-10-18
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  21. 2010-03-01
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 2004-01-26
    ➖
    SIMPSON, Eric James resigned
    director
  23. 2002-04-22
    ➕
    SIMPSON, Eric James appointed
    director
  24. 2002-04-03
    ➕
    SOMERVILLE, Nicholas appointed
    director
  25. 2002-04-03
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2002-04-03
    ➖
    MACFARLANE GRAY resigned
    corporate-secretary
  27. 2001-06-18
    🏢
    Company incorporated
    As SPRING ENGINEERING SERVICES LIMITED
  28. 2001-06-18
    ➕
    CLYDE, Robert Fraser appointed
    director
  29. 2001-06-18
    ➕
    MACFARLANE GRAY appointed
    corporate-secretary
  30. 2001-06-18
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2001-06-18
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

83/100
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 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

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 74 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 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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

Spring Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Spring Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SPRING ENGINEERING SERVICES LIMITED
This company · SC220378

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
Spring Uk Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control18/06/2016

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 →

Similar companies

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
HALSPAN LIMITED→
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£6.37M
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———27y8377y
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SC142257 · est 1993
£1.76M
£1.37M–£2.15M
——1440033y8560y
WINDOW SUPPLY COMPANY LTD→
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£699.9k
£544.4k–£855.4k
——1827y8472y
EUROSTAMPA UK LTD→
SC024552 · est 1946
£218.8k
£170.2k–£267.5k
——20079y8583y
ARRAYJET LIMITED→
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————25y8373y
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——£53.5k—16y8358y
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———180024y8362y
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——£778.1k—21y8375y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2001-06-18
Jurisdictionscotland
Primary SIC25620 — Machining

Registered office

3 Drummond Square
Brucefield Industrial Estate
Livingston
West Lothian
EH54 9DH

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18

Officers (2 active · 4 resigned)

CLYDE, Robert Fraser→
director · ~74y · appointed 2001-06-18
View their other companies + combined net worth →
Active
SOMERVILLE, Nicholas→
director · ~55y · appointed 2002-04-03
View their other companies + combined net worth →
Active
HMS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-04-03 · resigned 2010-03-01
Resigned
MACFARLANE GRAY→
corporate-secretary · appointed 2001-06-18 · resigned 2002-04-03
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-06-18 · resigned 2001-06-18
Resigned
SIMPSON, Eric James→
director · ~75y · appointed 2002-04-22 · resigned 2004-01-26
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property15/09/2020—
outstanding
HSBC
Hsbc Equipment Finance (UK) Limited
Floating charge1 property03/11/2010—
outstanding
HSBC
Hsbc Asset Finance (UK) Limited
Floating charge1 property03/11/2010—
outstanding
HSBC
Hsbc Bank PLC
Floating charge1 property18/10/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-01