SPENCERFIELD SPIRIT COMPANY LIMITED

💤Zombieactive
SC283901 · ltd · incorporated 2005-04-27
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 17.3y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 17.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 officers
Last 90 days
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-24
    ➖
    YOUNGER, Michael James resigned
    director
  3. 2025-03-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-02-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2025-02-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2024-02-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-02-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-04-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-04-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-04-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-06-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2019-02-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2018-06-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2017-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2017-11-15
    🔓
    Charge satisfied #5
  17. 2017-06-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2017-05-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2016-09-14
    🔓
    Charge satisfied #4
  20. 2016-09-14
    🔓
    Charge satisfied #1
  21. 2016-09-12
    ➕
    RUSSELL, Leonard Stuart appointed
    director
  22. 2016-09-12
    ➖
    NICOL, Hannah Felicity resigned
    secretary
  23. 2016-09-12
    ➖
    GIBB, Richard Alexander resigned
    director
  24. 2016-09-12
    ➖
    NICOL, Alex Gowl resigned
    director
  25. 2016-09-12
    ➖
    NICOL, Jane Christine Mary resigned
    director
  26. 2016-09-12
    ➕
    YOUNGER, Michael James appointed
    director
  27. 2016-09-12
    🔒
    Charge registered #5
    Lender: Rbs Invoice Finance Limited
  28. 2015-06-01
    ➕
    NICOL, Hannah Felicity appointed
    secretary
  29. 2015-06-01
    ➖
    NICOL, Jane Christine Mary resigned
    secretary
  30. 2015-06-01
    ➕
    NICOL, Jane Christine Mary appointed
    director
  31. 2014-04-17
    ➕
    GIBB, Richard Alexander appointed
    director
  32. 2011-12-06
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  33. 2009-01-17
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  34. 2005-04-27
    🏢
    Company incorporated
    As SPENCERFIELD SPIRIT COMPANY LIMITED
  35. 2005-04-27
    ➕
    NICOL, Jane Christine Mary appointed
    secretary
  36. 2005-04-27
    ➕
    NICOL, Alex Gowl appointed
    director

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

75/100
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 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
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.

Group structure

Ian Macleod Distillers Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ian Macleod Distillers Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SPENCERFIELD SPIRIT COMPANY LIMITED
This company · SC283901

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
Ian Macleod Distillers Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control12/09/2016

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 →

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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
Incorporated2005-04-27
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

Peter Russell House 2 Youngs Road
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5LY
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-20
Last: 2026-02-06

Officers (1 active · 6 resigned)

RUSSELL, Leonard Stuart→
director · ~65y · appointed 2016-09-12
View their other companies + combined net worth →
Active
NICOL, Hannah Felicity→
secretary · appointed 2015-06-01 · resigned 2016-09-12
Resigned
NICOL, Jane Christine Mary→
secretary · appointed 2005-04-27 · resigned 2015-06-01
Resigned
GIBB, Richard Alexander→
director · ~76y · appointed 2014-04-17 · resigned 2016-09-12
Resigned
NICOL, Alex Gowl→
director · ~72y · appointed 2005-04-27 · resigned 2016-09-12
Resigned
NICOL, Jane Christine Mary→
director · ~68y · appointed 2015-06-01 · resigned 2016-09-12
Resigned
YOUNGER, Michael James→
director · ~66y · appointed 2016-09-12 · resigned 2026-04-24
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property12/09/201615/11/2017
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property06/12/201114/09/2016
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property17/01/200914/09/2016

Recent filings (73 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-03-21
accounts-with-accounts-type-dormant
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-06
accounts-with-accounts-type-dormant
accounts · AA
2024-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-20
accounts-with-accounts-type-dormant
accounts · AA
2023-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-06
accounts-with-accounts-type-dormant
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-dormant
accounts · AA
2021-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-09