FOR SPILLS LTD

🌳Matureactive

SC520777 · ltd · incorporated 2015-11-20

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.6y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 23990

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 6.6y

70/100

ready

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

· Oldest live charge is 6.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

8 officers (4 active, 8 linked, 8 with DOB)

Ownership & PSC

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

Director network

9 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	100	0

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 incorporation
• 1 resolution
• 1 capital

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-02-10
📄
memorandum-articles
incorporation · MA
2026-02-10
📄
resolution
resolution · RESOLUTIONS
2026-02-09
📄
capital-allotment-shares
capital · SH01
2025-12-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-16
🔓
Charge satisfied #3
2025-12-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-08
🔒
Charge registered #3
Lender: Finstock Capital Limited
2024-06-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-14
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-11
📄
change-person-director-company-with-change-date
officers · CH01
2024-02-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-19
🔓
Charge satisfied #2
2024-02-13
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-02-05
📄
resolution
resolution · RESOLUTIONS
2024-01-25
📄
capital-allotment-shares
capital · SH01
2024-01-04
📄
memorandum-articles
incorporation · MA
2023-11-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-23
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-23
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-11
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-20
🔓
Charge satisfied #1
2022-10-17
🔒
Charge registered #2
Lender: Finstock Capital Limited
2022-08-29
➕
LONGSTAFFE, Michael James appointed
director
2022-04-29
➖
DEWAR, Fiona Anne resigned
director
2020-05-01
➕
DEWAR, Fiona Anne appointed
director
2019-10-07
🔒
Charge registered #1
Lender: Edinburgh Alternative Finance (T/a Lendingcrowd)
2019-04-29
➖
IRVIN, Ian, Mr. resigned
director
2018-12-05
➕
KELL, Pauline Ann appointed
director
2018-12-05
➖
ATKINSON, Paul resigned
director
2018-12-05
➖
DONOGHUE, David resigned
director
2018-12-05
➕
IRVIN, Ian, Mr. appointed
director
2017-10-17
➕
BROWN, Peter Richard appointed
director
2017-10-04
➕
ATKINSON, Paul appointed
director
2017-07-07
➕
DONOGHUE, David appointed
director
2015-11-20
🏢
Company incorporated
As FOR SPILLS LTD
2015-11-20
➕
LILLY, David Patrick appointed
director

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
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
Mr David Patrick Lilly Individual · British · DOB 09/1968 · age 58	50–75%	—	50-75% shares	06/04/2016

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 →

Similar companies

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
HALSPAN LIMITED→ SC194458 · est 1999	£6.37M £4.95M–£7.78M	—	—	—	27y	83	77y
HAD-FAB LIMITED→ SC142257 · est 1993	£1.76M £1.37M–£2.15M	—	—	14400	33y	85	60y
SPRING ENGINEERING SERVICES LIMITED→ SC220378 · est 2001	£1.49M £1.16M–£1.83M	—	—	3800	24y	87	74y
WINDOW SUPPLY COMPANY LTD→ SC615256 · est 2018	£699.9k £544.4k–£855.4k	—	—	182	7y	84	72y
EUROSTAMPA UK LTD→ SC024552 · est 1946	£218.8k £170.2k–£267.5k	—	—	200	79y	85	83y
ARRAYJET LIMITED→ SC209936 · est 2000 · no financials extracted	—	—	—	—	25y	83	73y
BAWBAGS LIMITED→ SC321771 · est 2007	—	—	—	6	19y	83	65y
CANMORE PIPE BAGS LIMITED→ SC362533 · est 2009	—	—	£53.5k	—	16y	83	58y
CASTLE MASONRY PRODUCTS LIMITED→ SC225802 · est 2001	—	—	—	18	24y	83	62y
CIPHER SURGICAL LIMITED→ SC378738 · est 2010	—	—	—	4	16y	83	84y
CLOCKHOUSE FURNITURE LIMITED→ SC281686 · est 2005	—	—	£778.1k	—	21y	83	75y
HALSTON ENGINEERING LTD→ SC066605 · est 1978	—	—	—	600	47y	83	61y

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

Incorporated2015-11-20

Jurisdictionscotland

Primary SIC23990 — SIC 23990

Registered office

The North Quarter

496 Ferry Road

Edinburgh

EH5 2DL

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-01

Last: 2025-11-17

Officers (4 active · 4 resigned)

BROWN, Peter Richard→

director · ~75y · appointed 2017-10-17

View their other companies + combined net worth →

Active

KELL, Pauline Ann→

director · ~58y · appointed 2018-12-05

View their other companies + combined net worth →

Active

LILLY, David Patrick→

director · ~58y · appointed 2015-11-20

View their other companies + combined net worth →

Active

LONGSTAFFE, Michael James→

director · ~64y · appointed 2022-08-29

View their other companies + combined net worth →

Active

ATKINSON, Paul→

director · ~65y · appointed 2017-10-04 · resigned 2018-12-05

Resigned

DEWAR, Fiona Anne→

director · ~55y · appointed 2020-05-01 · resigned 2022-04-29

Resigned

DONOGHUE, David→

director · ~62y · appointed 2017-07-07 · resigned 2018-12-05

Resigned

IRVIN, Ian, Mr.→

director · ~71y · appointed 2018-12-05 · resigned 2019-04-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	Finstock Capital Finstock Capital Limited	A registered charge	—	08/10/2024	16/12/2025
satisfied	Finstock Capital Finstock Capital Limited	A registered charge	1 property	17/10/2022	19/02/2024
satisfied	Edinburgh Alternative Finance (T/a Lendingcrowd)	A registered charge	—	07/10/2019	20/10/2022

Recent filings (66 total)

memorandum-articles

incorporation · MA

2026-02-10

resolution

resolution · RESOLUTIONS

2026-02-10

capital-allotment-shares

capital · SH01

2026-02-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-12-16

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-11-24

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-19

confirmation-statement-with-updates

confirmation-statement · CS01

2024-12-08

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-10-09

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-06-24

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-03-14

change-person-director-company-with-change-date

officers · CH01

2024-03-11

mortgage-satisfy-charge-full

mortgage · MR04

2024-02-19

second-filing-of-confirmation-statement-with-made-up-date

confirmation-statement · RP04CS01

2024-02-13

resolution

resolution · RESOLUTIONS

2024-02-05