SPEX CORPORATE HOLDINGS LIMITED
🏛️Establishedactive
SC553125 · ltd · incorporated 2016-12-21
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.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
- · Hygiene score: 75 → 85
What changed my view
Last 30 days
Picture improved over the last 30 days — 1 positive signal vs 0 negative.
- ↑Hygiene score: 75 → 85
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 Dec 2024
Net worth
£-13.31M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 73/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 2.0y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 23/100 — clean.
Data confidence
Overall: high (84/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £13,307,793
Cash YoY
+1076%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£27k
↑ 1076% YoY
Net Worth
-£13m
↓ 20% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash | £26.9k | £2.3k |
| Net assets | £-13.31M | £-11.08M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-01-09📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-09📄replacement-filing-of-director-appointment-with-nameofficers · RP01AP01
- 2026-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-12➕JOHNSON, Rachel Lynn appointeddirector
- 2025-11-12➖HORSFALL, Timothy Michael resigneddirector
- 2025-11-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-18🔓Charge satisfied #1
- 2025-07-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-07-15➕CRAIB, Steven Ross appointeddirector
- 2025-07-15➕THOMSON, Gavin appointeddirector
- 2025-07-15➖BLACKWOOD PARTNERS LLP resignedcorporate-secretary
- 2025-07-15➕HORSFALL, Timothy Michael appointeddirector
- 2025-07-15➖MAHJOUB, Nadir Ahmed resigneddirector
- 2025-07-15➖OAG, James George resigneddirector
- 2025-07-15➖STRACHAN, Ryan Keith resigneddirector
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-31🔒Charge registered #1Lender: Bgf Nominees Limited (As Security Trustee)
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-21🏢Company incorporatedAs SPEX CORPORATE HOLDINGS LIMITED
- 2016-12-21➕BLACKWOOD PARTNERS LLP appointedcorporate-secretary
- 2016-12-21➕MAHJOUB, Nadir Ahmed appointeddirector
- 2016-12-21➕OAG, James George appointeddirector
- 2016-12-21➕STRACHAN, Ryan Keith appointeddirector
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Spex Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Spex Group Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
SPEX CORPORATE HOLDINGS LIMITED
This company · SC553125
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Spex Group Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 21/12/2016 |
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
Active · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GRAY & ADAMS LIMITED→ SC047482 · est 1970 | £75.13M £58.44M–£91.83M | — | — | 502 | 56y | 87 | 71y |
| GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002 | £53.82M £41.86M–£65.78M | — | — | 0 | 24y | 85 | 71y |
| GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983 | £17.07M £13.28M–£20.87M | — | — | 106 | 43y | 85 | 71y |
| GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990 | £16.62M £12.93M–£20.32M | — | — | 101 | 35y | 87 | 71y |
| INTERWELL LIMITED→ SC391140 · est 2011 | £10.98M £8.54M–£13.42M | £33.44M | — | 7800 | 15y | 91 | 60y |
| EBLAST LIMITED→ SC202165 · est 1999 | £8.03M £6.24M–£9.81M | £11.11M | — | 7400 | 26y | 83 | — |
| ROTECH SUBSEA LIMITED→ SC451221 · est 2013 | £6.41M £4.99M–£7.83M | £17.20M | — | 4800 | 13y | 84 | 58y |
| DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987 | £6.22M £4.84M–£7.60M | £21.87M | — | 11000 | 38y | 93 | 70y |
| SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003 | £6.15M £4.78M–£7.51M | £1.45M | — | 1500 | 22y | 94 | 60y |
| IMENCO UK LIMITED→ SC372021 · est 2010 | £5.97M £4.64M–£7.29M | £17.33M | — | 11500 | 16y | 95 | 71y |
| TGT OILFIELD SERVICES UK LIMITED→ SC427554 · est 2012 | £2.26M £1.76M–£2.76M | £9.93M | — | 3000 | 14y | 84 | 61y |
| VECTOR SUPPLIES LIMITED→ SC103810 · est 1987 | £1.63M £1.27M–£1.99M | — | — | 16 | 39y | 85 | 71y |
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
Incorporated2016-12-21
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Blackwood House
Union Grove Lane
Aberdeen
AB10 6XU
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19
Officers (3 active · 5 resigned)
CRAIB, Steven Ross→
Activedirector · ~38y · appointed 2025-07-15
View their other companies + combined net worth →
JOHNSON, Rachel Lynn→
Activedirector · ~40y · appointed 2025-11-12
View their other companies + combined net worth →
THOMSON, Gavin→
Activedirector · ~35y · appointed 2025-07-15
View their other companies + combined net worth →
BLACKWOOD PARTNERS LLP→
Resignedcorporate-secretary · appointed 2016-12-21 · resigned 2025-07-15
HORSFALL, Timothy Michael→
Resigneddirector · ~45y · appointed 2025-07-15 · resigned 2025-11-12
MAHJOUB, Nadir Ahmed→
Resigneddirector · ~64y · appointed 2016-12-21 · resigned 2025-07-15
OAG, James George→
Resigneddirector · ~60y · appointed 2016-12-21 · resigned 2025-07-15
STRACHAN, Ryan Keith→
Resigneddirector · ~48y · appointed 2016-12-21 · resigned 2025-07-15
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bgf Nominees (As Security Trustee) Bgf Nominees Limited (As Security Trustee) | A registered charge | 1 property | 31/07/2024 | 18/07/2025 |
Recent filings (32 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-09
change-person-director-company-with-change-date
officers · CH01
2026-01-09
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-09
change-person-director-company-with-change-date
officers · CH01
2026-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
appoint-person-director-company-with-name-date
officers · AP01
2025-11-12
termination-director-company-with-name-termination-date
officers · TM01
2025-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-18
appoint-person-director-company-with-name-date
officers · AP01
2025-07-16
appoint-person-director-company-with-name-date
officers · AP01
2025-07-16
appoint-person-director-company-with-name-date
officers · AP01
2025-07-16
termination-director-company-with-name-termination-date
officers · TM01
2025-07-16
termination-director-company-with-name-termination-date
officers · TM01
2025-07-16
termination-director-company-with-name-termination-date
officers · TM01
2025-07-16
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-16