SPANNERAMA LTD

🏛️Establishedactive
SC599834 · ltd · incorporated 2018-06-13
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 Jun 2025
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Average employees-700

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

🔒Filing-note intelligence

2 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 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2019-04-06
    MARTIN, Audrey appointed
    director
  11. 2018-06-13
    🏢
    Company incorporated
    As SPANNERAMA LTD
  12. 2018-06-13
    MARTIN, Kevin appointed
    director
  13. 2018-06-13
    📄
    incorporation-company
    incorporation · NEWINC

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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-23

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kevin Martin
Individual · British · DOB 08/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/06/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Automotive · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
KERR AND SMITH (CUMNOCK) LIMITED
SC106800 · est 1987
£859.6k
£687.7k£1.03M
340038y8462y
AYRSHIRE MOTOR FACTORS LIMITED
SC128561 · est 1990
40035y8265y
COLVINS S.P.S. LIMITED
SC212368 · est 2000
£13.7k25y8262y
JOHN M. PATERSON LTD.
SC321496 · est 2007
1619y8264y
KERR AND SMITH (AYR) LIMITED
SC182558 · est 1998
1328y8281y
MACLEAY MOTOR ENGINEERING LIMITED
SC214626 · est 2001
£1.75M25y8260y
MAYBANK MOTORS LIMITED
SC164609 · est 1996 · no financials extracted
30y8267y
PARKER BROS. (KILMARNOCK) LIMITED
SC040009 · est 1964
£109.0k62y8259y
RIGHTCARS LIMITED
SC245622 · est 2003
23y8261y
STUART MACDONALD CARS LTD.
SC152462 · est 1994
£286.5k31y8258y
BIKE AYR LTD.
SC349414 · est 2008
17y8062y
SMOKN LIMITED
SC266659 · est 2004 · no financials extracted
21y
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
Incorporated2018-06-13
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

33 Newmarket Street
Ayr
KA7 1LL
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-04-23OVERDUE
Last: 2025-04-09

Officers (2 active · 0 resigned)

MARTIN, Audrey
director · ~56y · appointed 2019-04-06
View their other companies + combined net worth →
Active
MARTIN, Kevin
director · ~57y · appointed 2018-06-13
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-09