SPICE OF LIFE PROPERTIES LIMITED

🌳Matureactive
SC226369 · ltd · incorporated 2001-12-17
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 22.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
£316.6k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 6 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

11 live charges · 2 lenders · oldest 22.4y

50/100
clean up first

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

  • · Oldest live charge is 22.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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 £316,560
Cash YoY
+669%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↑ 669% YoY
Net Worth
£317k
↑ 7.7% YoY
Current Assets
£22k
↑ 24% YoY
Current Liabilities
—
£0£63k£127k£190k£253k£317kMar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-31
Total assets£325.9k£321.2k
Current assets£22.5k£18.2k
Cash£5.6k£725
Debtors£16.9k£17.4k
Net assets£316.6k£293.8k

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 (47 events)Click to expand
  1. 2026-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-06-29
    ➕
    AHMAD, Rakhshinda Jabeen appointed
    director
  7. 2022-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-12-01
    ➖
    IKRAM, Mohammed Zaid resigned
    director
  11. 2021-12-01
    ➖
    MOHAMMED, Ikram Boota resigned
    director
  12. 2021-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-12-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-02-10
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  18. 2019-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2016-08-04
    ➕
    IKRAM, Mohammed Zaid appointed
    director
  21. 2015-02-01
    ➖
    MOHAMMED, Akram Atta resigned
    secretary
  22. 2014-04-01
    ➖
    MOHAMMED, Akram Atta resigned
    director
  23. 2007-09-27
    🔓
    Charge satisfied #6
  24. 2007-09-27
    🔓
    Charge satisfied #5
  25. 2007-09-27
    🔓
    Charge satisfied #4
  26. 2007-09-27
    🔓
    Charge satisfied #3
  27. 2007-09-27
    🔓
    Charge satisfied #2
  28. 2007-09-12
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  29. 2007-09-12
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  30. 2007-09-12
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  31. 2007-09-12
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  32. 2007-08-09
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  33. 2006-05-15
    🔒
    Charge registered #6
    Lender: Airdrie Savings Bank
  34. 2006-04-07
    🔒
    Charge registered #5
    Lender: Airdrie Savings Bank
  35. 2004-04-14
    🔒
    Charge registered #4
    Lender: Airdrie Savings Bank
  36. 2004-04-09
    🔒
    Charge registered #3
    Lender: Airdrie Savings Bank
  37. 2004-04-09
    🔒
    Charge registered #2
    Lender: Airdrie Savings Bank
  38. 2004-01-09
    🔒
    Charge registered #1
    Lender: Airdrie Savings Bank
  39. 2001-12-17
    🏢
    Company incorporated
    As SPICE OF LIFE PROPERTIES LIMITED
  40. 2001-12-17
    ➕
    AHMAD, Mahmoud appointed
    director
  41. 2001-12-17
    ➕
    MOHAMMED, Akram Atta appointed
    secretary
  42. 2001-12-17
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  43. 2001-12-17
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  44. 2001-12-17
    ➕
    MOHAMMED, Akram Atta appointed
    director
  45. 2001-12-17
    ➕
    MOHAMMED, Ikram Boota appointed
    director
  46. 2001-12-17
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  47. 2001-12-17
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-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 24 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

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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 · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mahmood Ahmad
Individual · British · DOB 01/1964 · age 62
75–100%
75–100%board control75-100% shares · 75-100% voting · board control17/12/2016
1 historic (ceased) PSC
  • Mr Ikram Boota Mohammedceased 01/12/2021· 50-75% shares

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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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
Incorporated2001-12-17
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

9 Cowan Wynd
Uddingston
Glasgow
G71 6TP
Scotland

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2026-12-31
Last: 2025-12-17

Officers (2 active · 6 resigned)

AHMAD, Mahmoud→
director · ~62y · appointed 2001-12-17
View their other companies + combined net worth →
Active
AHMAD, Rakhshinda Jabeen→
director · ~66y · appointed 2022-06-29
View their other companies + combined net worth →
Active
MOHAMMED, Akram Atta→
secretary · appointed 2001-12-17 · resigned 2015-02-01
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2001-12-17 · resigned 2001-12-17
Resigned
IKRAM, Mohammed Zaid→
director · ~34y · appointed 2016-08-04 · resigned 2021-12-01
Resigned
MOHAMMED, Akram Atta→
director · ~58y · appointed 2001-12-17 · resigned 2014-04-01
Resigned
MOHAMMED, Ikram Boota→
director · ~59y · appointed 2001-12-17 · resigned 2021-12-01
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2001-12-17 · resigned 2001-12-17
Resigned

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

Mortgages & charges

11
Total charges
6
Outstanding
2
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property09/08/2007—
satisfied
Airdrie Savings Bank
Standard security1 property15/05/200627/09/2007
satisfied
Airdrie Savings Bank
Standard security1 property07/04/200627/09/2007
satisfied
Airdrie Savings Bank
Standard security1 property14/04/200427/09/2007
satisfied
Airdrie Savings Bank
Standard security1 property09/04/200427/09/2007
satisfied
Airdrie Savings Bank
Standard security1 property09/04/200427/09/2007
outstanding
Airdrie Savings Bank
Bond & floating charge1 property09/01/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-22
appoint-person-director-company-with-name-date
officers · AP01
2022-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-16
termination-director-company-with-name-termination-date
officers · TM01
2021-12-01
termination-director-company-with-name-termination-date
officers · TM01
2021-12-01