STILL SPIRIT LTD

🌳Matureactive
SC524004 · ltd · incorporated 2016-01-12
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2025
Net worth
£253.9k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 47250
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle 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. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
37 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £253,942
Cash YoY
-26%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£53k
↓ 26% YoY
Net Worth
£254k
↑ 3.6% YoY
Current Assets
Current Liabilities
£0£51k£102k£152k£203k£254kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Cash£52.9k£71.1k
Net assets£253.9k£245.2k

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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-04-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-05-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2021-05-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-05-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-04-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-09-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-02-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-02-02
    📄
    capital-allotment-shares
    capital · SH01
  14. 2020-02-02
    📄
    capital-allotment-shares
    capital · SH01
  15. 2019-08-19
    📄
    capital-cancellation-shares
    capital · SH06
  16. 2019-08-19
    📄
    capital-return-purchase-own-shares
    capital · SH03
  17. 2019-08-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2016-01-12
    🏢
    Company incorporated
    As STILL SPIRIT LTD
  19. 2016-01-12
    MILNE, Craig Alexander James appointed
    director
  20. 2016-01-12
    MILNE, Daniel Denis appointed
    director

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Group structure

Copper Cask Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Copper Cask Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
STILL SPIRIT LTD
This company · SC524004

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
Copper Cask Holdings Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/08/2019
2 historic (ceased) PSCs
  • Mr Craig Alexander James Milneceased 13/08/2019· 25-50% shares · 25-50% voting
  • Mr Daniel Denis Milneceased 13/08/2019· 50-75% shares · 50-75% voting · board control

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

6 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
Incorporated2016-01-12
Jurisdictionscotland
Primary SIC47250 — SIC 47250

Registered office

Whisky Hammer
Udny
Ellon
AB41 7PR
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05

Officers (2 active · 0 resigned)

MILNE, Craig Alexander James
director · ~48y · appointed 2016-01-12
View their other companies + combined net worth →
Active
MILNE, Daniel Denis
director · ~38y · appointed 2016-01-12
View their other companies + combined net worth →
Active

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

Recent filings (37 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
change-person-director-company-with-change-date
officers · CH01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-05-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-05-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-16