SPRUCE CARPETS LTD.

🌳Matureactive

SC280302 · private-limited-guarant-nsc · incorporated 2005-02-21

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 19.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 39000

Sector: Water supply & waste

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 19.0y

85/100

ready

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

· Oldest live charge is 19.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

23 officers (6 active, 23 linked, 20 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

11 connected companies via shared directors

Filing history

109 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2026-04-14
📄
accounts-with-accounts-type-small
accounts · AA
2026-01-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-19
➕
INGRAM, Sylvia appointed
director
2025-03-12
📄
accounts-with-accounts-type-small
accounts · AA
2024-11-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-03
➖
WILLIAMS, John Kenneth resigned
director
2024-03-04
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-22
➖
HARDIE, Austin resigned
secretary
2024-02-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-17
➕
HARDIE, Austin John appointed
director
2024-01-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-10
📄
memorandum-articles
incorporation · MA
2024-01-10
📄
resolution
resolution · RESOLUTIONS
2024-01-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
➕
JANDT, Carina appointed
director
2023-12-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-07
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-05
📄
accounts-with-accounts-type-small
accounts · AA
2021-12-13
📄
accounts-with-accounts-type-small
accounts · AA
2021-12-08
➕
HARDIE, Austin appointed
secretary
2021-12-08
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-09-08
➕
LAING, Kenneth appointed
director
2021-09-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-26
➕
WILLIAMS, John Kenneth appointed
director
2021-08-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-13
➖
HARDIE, Austin John resigned
director
2016-11-11
🔓
Charge satisfied #1
2013-03-20
➖
MCCABE, Lawrence resigned
director
2012-02-01
➕
GARMORY, Carron Ann appointed
director
2011-11-15
➖
MADDOCK, David John resigned
director
2011-07-31
➖
LIPPIATT, Marissa resigned
director
2010-03-01
➖
GIBSON, Vincent Paul resigned
director
2009-12-16
➖
JOHNSTON, Ilsa Kate resigned
secretary
2009-11-09
➖
BLACK, Gordon Douglas resigned
director
2009-06-16
➕
MCCABE, Lawrence appointed
director
2008-10-24
➖
ATKINSON, Katherine Louise resigned
director
2008-09-18
➕
HARDIE, Austin John appointed
director
2008-03-18
➕
GIBSON, Vincent Paul appointed
director
2008-03-18
➕
LIPPIATT, Marissa appointed
director
2007-12-18
➖
TIPPETT, William, Dr resigned
director
2007-10-02
➖
ATKINSON, Katherine Louise resigned
secretary
2007-10-02
➕
JOHNSTON, Ilsa Kate appointed
secretary
2007-10-02
➖
CLINCH, Hannah May resigned
director
2007-10-02
➕
MADDOCK, David John appointed
director
2007-05-09
🔒
Charge registered #1
Lender: Sis (Community Finance) Limited
2007-03-23
➖
LIPPIATT, Marissa resigned
director
2007-01-31
➖
JOHNSTON, Isla Kate resigned
director

Showing most recent 50 of 63 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

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 70 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Carron Ann Garmory Individual · British · DOB 02/1968 · age 58	—	—	sig. influencesignificant influence · trust interest · firm interest	28/02/2024

3 historic (ceased) PSCs

Ms Carron Garmoryceased 22/02/2024· significant influence
Mr Jonathan David Molyneuxceased 22/02/2024· significant influence
Mr Austin John Hardieceased 13/05/2021· significant influence

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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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ENVIROCLEAN (SCOTLAND) LIMITED→ SC176022 · est 1997	£9.58M £6.90M–£12.26M	—	—	246	28y	84	59y
BARR + WRAY LIMITED→ SC040952 · est 1964	£4.90M £3.53M–£6.28M	—	—	5900	61y	84	59y
BARR + WRAY HOLDINGS 2 LIMITED→ SC276252 · est 2004	£1.34M £963.0k–£1.71M	—	—	0	21y	84	59y
BARR + WRAY HOLDINGS LIMITED→ SC175728 · est 1997	£1.34M £963.0k–£1.71M	—	—	0	28y	82	59y
BAILLIE WINDFARM LIMITED→ SC256692 · est 2003 · no financials extracted	—	—	—	—	22y	83	71y
HIGHLANDER INTERNATIONAL RECYCLING LIMITED→ SC265586 · est 2004	—	—	£1.59M	—	22y	83	61y
HIGHLANDER SECURITY SHREDDING LTD→ SC395423 · est 2011	—	—	£646.8k	—	15y	83	61y
DPM WATER TECHNOLOGIES LIMITED→ SC264863 · est 2004	—	—	—	—	22y	82	71y
RELIANCE CONTRACTS GROUP LIMITED→ SC805685 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
SCOTTISH WATER LIMITED→ SC207004 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
SF ELECTRICAL CONTRACTORS LTD.→ SC519219 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
STRONELAIRG WIND ESTATE LIMITED→ SC432643 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated2005-02-21

Jurisdictionscotland

Primary SIC39000 — SIC 39000

Registered office

30 Woodhead Road

Glasgow

G53 7WA

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-25

Last: 2025-11-11