SPATIAL FLOW LTD

💤Zombieactive
SC493100 · ltd · incorporated 2014-12-10
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
year to Mar 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Specialised design activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees1100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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 officers
Last 180 days
4
filings
  • 1 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-18
    THORNTONS LAW LLP resigned
    corporate-secretary
  2. 2026-03-18
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-06-19
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2024-06-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-01-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-01-17
    📄
    legacy
    miscellaneous · RP04CS01
  15. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-12-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2018-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2017-12-19
    THORNTONS LAW LLP appointed
    corporate-secretary
  20. 2014-12-10
    🏢
    Company incorporated
    As SPATIAL FLOW LTD
  21. 2014-12-10
    HUGHES, Jonathan Sinclair appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Sinclair Hughes
Individual · British · DOB 11/1978 · age 48
75100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mr David Scott Jonesceased 19/12/2017· 25-50% shares · 25-50% 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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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
Incorporated2014-12-10
Jurisdictionscotland
Primary SIC74100 — Specialised design activities

Registered office

Office 1 Fric
Ajax Way
Leven
KY8 3RS
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10

Officers (1 active · 1 resigned)

HUGHES, Jonathan Sinclair
director · ~48y · appointed 2014-12-10
View their other companies + combined net worth →
Active
THORNTONS LAW LLP
corporate-secretary · appointed 2017-12-19 · resigned 2026-03-18
Resigned

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

Recent filings (36 total)

termination-secretary-company-with-name-termination-date
officers · TM02
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-19
resolution
resolution · RESOLUTIONS
2024-06-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13