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.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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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 0.9y

10/100
under pressure

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

  • · Newest facility, 0.9 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
29 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 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 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. 2020-11-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2020-01-16
    🏢
    Company incorporated
    As SPFO LTD
  24. 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

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RUSSWOOD LTD.
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6741y8566y
EDWARDS ENGINEERING (PERTH) LIMITED
SC046562 · est 1969
£2.34M
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410056y8358y
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SC078774 · est 1982
43y8360y
A M FIRE & SECURITY SYSTEMS LTD
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120023y8258y
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4y
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: 2026-05-07
Last: 2025-04-23

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 (29 total)

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
appoint-person-director-company-with-name-date
officers · AP01
2022-05-03