SPRINGFIELD BAR (NEW ELGIN) LIMITED

🌳Matureactive
SC471883 · ltd · incorporated 2014-03-07
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£64.4k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Asset-holding vehicle with a 84-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £64,368
Net assets shrinking
Down £4,021 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£64k
↓ 5.9% YoY
Current Assets
£34k
↓ 3.4% YoY
Current Liabilities
—
£0£14k£27k£41k£55k£68kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£64.4k£68.4k
Current assets£33.9k£35.0k
Net assets£64.4k£68.4k

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
6
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-03-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-09-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-08-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2014-03-07
    🏢
    Company incorporated
    As SPRINGFIELD BAR (NEW ELGIN) LIMITED
  17. 2014-03-07
    ➕
    GRIERSON, George Graham appointed
    director
  18. 2014-03-07
    ➕
    HILLS, Michael appointed
    director
  19. 2014-03-07
    ➕
    WALKER, Craig Gordon appointed
    director

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
  • +Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 12 years.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Hills
Individual · Scottish · DOB 09/1965 · age 61
25–50%
—25-50% shares06/04/2016
Mr George Graham Grierson
Individual · Scottish · DOB 07/1942 · age 84
25–50%
—25-50% shares06/04/2016
Mr Craig Gordon Walker
Individual · British · DOB 04/1972 · age 54
25–50%
—25-50% shares06/04/2016

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

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
Incorporated2014-03-07
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Wards House
Wards Road
Elgin
Morayshire
IV30 1NL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07

Officers (3 active · 0 resigned)

GRIERSON, George Graham→
director · ~84y · appointed 2014-03-07
View their other companies + combined net worth →
Active
HILLS, Michael→
director · ~61y · appointed 2014-03-07
View their other companies + combined net worth →
Active
WALKER, Craig Gordon→
director · ~54y · appointed 2014-03-07
View their other companies + combined net worth →
Active

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

Recent filings (31 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
change-person-director-company-with-change-date
officers · CH01
2026-03-23
change-person-director-company-with-change-date
officers · CH01
2026-03-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09