SPFO LTD

💤Zombieactive
SC651732 · ltd · incorporated 2020-01-16
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Jun 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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: Manufacture of office and shop furniture
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.1y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 1.1 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
30 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
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees10001000

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-06-20
    🔒
    Charge registered #1
    Lender: Trustees of the Spfo Ssas
  4. 2025-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-05-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-23
    📄
    capital-allotment-shares
    capital · SH01
  8. 2023-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-03-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-05-03
    WILSON, Darren Hamish appointed
    director
  12. 2022-05-03
    GORDON, John resigned
    director
  13. 2022-05-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-05-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2022-05-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2022-05-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2022-05-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2022-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2020-12-01
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2020-01-16
    🏢
    Company incorporated
    As SPFO LTD
  23. 2020-01-16
    GORDON, John appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Gillian Wilson
Individual · British · DOB 09/1981 · age 45
2550%
25-50% shares23/04/2023
Mr Darren Hamish Wilson
Individual · British · DOB 06/1972 · age 54
2550%
board control25-50% shares · board control03/05/2022
1 historic (ceased) PSC
  • Mr John Gordonceased 03/05/2022· 75-100% shares · 75-100% 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 →

Similar companies

Active · Manufacturing · PH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
TORNADO WIRE LIMITED
SC064920 · est 1978
£17.20M
£13.38M£21.02M
£30.34M840048y8270y
RUSSWOOD LTD.
SC092505 · est 1985
£3.34M
£2.60M£4.09M
6741y8566y
EDWARDS ENGINEERING (PERTH) LIMITED
SC046562 · est 1969
£2.34M
£1.82M£2.86M
410057y8358y
FAIR CITY PRECAST LIMITED
SC078774 · est 1982
44y8360y
A M FIRE & SECURITY SYSTEMS LTD
SC247526 · est 2003
120023y8258y
DRUMMOND FENCING LIMITED
SC297497 · est 2006
£269.1k20y8260y
INVERNESS PRECAST LTD
SC392391 · est 2011
15y8260y
MACPHERSON'S WELDING & ENGINEERING SERVICES LIMITED
SC224287 · est 2001
£154.8k24y8266y
MARGARET MORRISON LIMITED
SC299646 · est 2006
60020y8266y
MEARNS SAWMILLS LIMITED
SC022017 · est 1942
20084y8284y
ONTOP TRACTORS LIMITED
SC059965 · est 1976
£29.8k50y8265y
PERTHSHIRE TIMBER COMPANY LIMITED
SC142941 · est 1993
190033y8284y
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
Incorporated2020-01-16
Jurisdictionscotland
Primary SIC31010 — Manufacture of office and shop furniture

Registered office

Unit 10 Welton Road
Blairgowrie
PH10 6HE
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-07
Last: 2026-04-23

Officers (1 active · 1 resigned)

WILSON, Darren Hamish
director · ~54y · appointed 2022-05-03
View their other companies + combined net worth →
Active
GORDON, John
director · ~36y · appointed 2020-01-16 · resigned 2022-05-03
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Trustees of the Spfo Ssas
A registered charge20/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
capital-allotment-shares
capital · SH01
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-03