JOINT2JOINT SPRAY SERVICES LTD
Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -48% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 4.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.8 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £2.29M | £2.04M |
| Current assets | £1.53M | £1.67M |
| Cash | £324.4k | £618.9k |
| Debtors | £1.17M | £1.00M |
| Net assets | £2.09M | £1.86M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-21🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2021-03-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-08-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-10-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-08-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-08-25📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2016-08-04➕MEESE, Darren appointeddirector
- 2016-08-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-07-22➖MCNAB, William resigneddirector
- 2016-07-06➕DALL, Steven appointeddirector
- 2016-05-27🏢Company incorporatedAs JOINT2JOINT SPRAY SERVICES LTD
- 2016-05-27➕MCNAB, William appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Steven Dall Individual · British · DOB 10/1972 · age 54 | 75–100% | — | 75-100% shares | 01/07/2016 |
Mr Darren Meese Individual · British · DOB 12/1974 · age 52 | 25–50% | — | 25-50% shares | 04/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 21/07/2021 | — |