THE SPIRITED BOND LTD
🏛️Establishedactive
SC672222 · ltd · incorporated 2020-08-26
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 Aug 2024
Net worth
£246.5k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 46342
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (80/100)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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £246,475
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£246k
↑ 3.4% YoY
Current Assets
£15k
↓ 60% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £246.5k | £238.4k |
| Current assets | £15.4k | £38.4k |
| Net assets | £246.5k | £238.4k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-16📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-09-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-08-19➕MCARTHUR, Graeme Victor appointeddirector
- 2025-08-19➖MCARTHUR, Michael resigneddirector
- 2025-08-19➖RATCLIFFE, Nigel Stuart resigneddirector
- 2025-05-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-08📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-27📄memorandum-articlesincorporation · MA
- 2022-01-27📄resolutionresolution · RESOLUTIONS
- 2022-01-27📄capital-allotment-sharescapital · SH01
- 2022-01-07📄capital-alter-shares-subdivisioncapital · SH02
- 2020-09-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-08-26🏢Company incorporatedAs THE SPIRITED BOND LTD
- 2020-08-26➕MACARTHUR, Thomas James, Mr. appointeddirector
- 2020-08-26➕MCARTHUR, Michael appointeddirector
- 2020-08-26➕RATCLIFFE, Nigel Stuart appointeddirector
- 2020-08-26📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCARTHUR, Michael resigned 2025-08-19; RATCLIFFE, Nigel Stuart resigned 2025-08-19
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graeme Victor Mcarthur Individual · British · DOB 05/1963 · age 63 | 75–100% | — | 75-100% shares | 19/08/2025 |
1 historic (ceased) PSC
- Mr Nigel Stuart Ratcliffeceased 19/08/2025· 50-75% shares
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 · Wholesale & distribution · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TERRAPIN TRADING LTD→ SC546838 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| THE AGED WOOD COMPANY LTD→ SC834831 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| THE ARABICA BEAN COFFEE COMPANY LTD→ SC844495 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| THE BOTTLERS LIMITED→ SC229042 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| THE EDINBURGH WHISKY BOND LIMITED→ SC661915 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| THE LONGHUI UK LTD→ SC356822 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| THE RASCALLION SPIRITS COMPANY LIMITED→ SC818179 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| THE WHISKY HIGHBALL COMPANY LTD→ SC874662 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TIBEX TRADE LIMITED→ SC809909 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TICKETS SCOTLAND LIMITED→ SC177494 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| TIKHANO LTD→ SC868699 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TIME & TIDE HOLDINGS (UK) LTD→ SC790440 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2020-08-26
Jurisdictionscotland
Primary SIC46342 — SIC 46342
Registered office
The Spirited Bond
Westmill
Dolphinton
South Lanarkshire
EH46 7HH
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-02
Last: 2025-08-19
Officers (2 active · 2 resigned)
MACARTHUR, Thomas James, Mr.→
Activedirector · ~36y · appointed 2020-08-26
View their other companies + combined net worth →
MCARTHUR, Graeme Victor→
Activedirector · ~63y · appointed 2025-08-19
View their other companies + combined net worth →
MCARTHUR, Michael→
Resigneddirector · ~67y · appointed 2020-08-26 · resigned 2025-08-19
RATCLIFFE, Nigel Stuart→
Resigneddirector · ~66y · appointed 2020-08-26 · resigned 2025-08-19
Click a director name to see their full track record across all companies.
Recent filings (23 total)
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-09-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-08
appoint-person-director-company-with-name-date
officers · AP01
2025-09-08
termination-director-company-with-name-termination-date
officers · TM01
2025-09-08
termination-director-company-with-name-termination-date
officers · TM01
2025-09-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-26
change-person-director-company-with-change-date
officers · CH01
2023-05-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-20