FIONNAR SPRINGS LTD.

🌳Matureactive
SC230770 · ltd · incorporated 2002-04-25
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 21.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
£235.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 11070
Sector: Manufacturing
ALSO REGISTERED FOR
  • 82990Other business support service activities n.e.c.
Investor take
Pursue
Asset-holding vehicle with a 92-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 92). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 21.4y

85/100
ready

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

  • · Oldest live charge is 21.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 2 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
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 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 £235,680

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£236k
↑ 33% YoY
Current Assets
£206k
↑ 25% YoY
Current Liabilities
—
£0£47k£94k£141k£189k£236kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-07-312023-07-31
Total assets£263.5k£186.9k
Current assets£205.5k£164.6k
Net assets£235.7k£176.7k

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 (34 events)Click to expand
  1. 2025-06-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-05-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-05-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-04-25
    ➕
    BOND, Christine appointed
    director
  8. 2025-04-25
    ➕
    FARQUHAR, Sarah Ross appointed
    director
  9. 2024-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-01-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-01-16
    🔓
    Charge satisfied #1
  12. 2023-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-05-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-04-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2017-04-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2015-05-21
    ➖
    FARQUHAR, Sarah resigned
    director
  21. 2015-05-01
    ➖
    MACLEOD, Garry resigned
    director
  22. 2014-01-09
    ➕
    FARQUHAR, Sarah appointed
    director
  23. 2014-01-09
    ➕
    MACLEOD, Garry appointed
    director
  24. 2010-10-01
    ➖
    FARQUHAR, Mildred resigned
    secretary
  25. 2009-03-01
    ➖
    FARQUHAR, Sarah Ross resigned
    director
  26. 2004-11-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 2002-04-25
    🏢
    Company incorporated
    As FIONNAR SPRINGS LTD.
  28. 2002-04-25
    ➕
    FARQUHAR, Alexander Ross appointed
    director
  29. 2002-04-25
    ➕
    FARQUHAR, Mildred appointed
    secretary
  30. 2002-04-25
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  31. 2002-04-25
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  32. 2002-04-25
    ➕
    FARQUHAR, Sarah Ross appointed
    director
  33. 2002-04-25
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  34. 2002-04-25
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

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
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 92 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 92 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 24 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
NameSharesVoting rightsNature of controlNotified
Ms Christine Bond
Individual · British · DOB 11/1945 · age 81
25–50%
—25-50% shares14/09/2024
Miss Sarah Ross Farquhar
Individual · Scottish · DOB 09/1969 · age 57
25–50%
—25-50% shares14/09/2024
1 historic (ceased) PSC
  • Alexander Ross Farquharceased 14/09/2024· 75-100% shares · 75-100% voting

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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——21548y8581y
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——£558.0k—25y8266y
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SC371390 · est 2010 · no financials extracted
————16y8260y
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———20035y8273y
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———2119y8265y
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————19y8065y
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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
Incorporated2002-04-25
Jurisdictionscotland
Primary SIC11070 — SIC 11070

Registered office

4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (3 active · 6 resigned)

BOND, Christine→
director · ~81y · appointed 2025-04-25
View their other companies + combined net worth →
Active
FARQUHAR, Alexander Ross→
director · ~92y · appointed 2002-04-25
View their other companies + combined net worth →
Active
FARQUHAR, Sarah Ross→
director · ~57y · appointed 2025-04-25
View their other companies + combined net worth →
Active
FARQUHAR, Mildred→
secretary · appointed 2002-04-25 · resigned 2010-10-01
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-04-25 · resigned 2002-04-25
Resigned
FARQUHAR, Sarah→
director · ~57y · appointed 2014-01-09 · resigned 2015-05-21
Resigned
FARQUHAR, Sarah Ross→
director · ~57y · appointed 2002-04-25 · resigned 2009-03-01
Resigned
MACLEOD, Garry→
director · ~65y · appointed 2014-01-09 · resigned 2015-05-01
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-04-25 · resigned 2002-04-25
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 property17/11/200416/01/2024

Recent filings (70 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-03
appoint-person-director-company-with-name-date
officers · AP01
2025-05-15
appoint-person-director-company-with-name-date
officers · AP01
2025-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-11