SPPUG LTD

🌿Early-stageactive
SC766387 · private-limited-guarant-nsc · incorporated 2023-04-18
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£0
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 60/100. 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: strategic trade sale (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 (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Net assets shrinking
Down £802 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£0
↓ 100% YoY
Current Assets
Current Liabilities
£0£273£546£819£1k£1kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£802
Current assets£1.4k
Net assets£0£802

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

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 (17 events)Click to expand
  1. 2026-03-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-26
    COLQUOUN, Ramdeep resigned
    director
  3. 2025-08-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-10-01
    GILES, Joshua-Lee Peter appointed
    director
  6. 2024-10-01
    COLQUOUN, Ramdeep appointed
    director
  7. 2024-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-09-27
    BAXTER, Stuart Ritchie appointed
    director
  10. 2024-09-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2024-09-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-09-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2024-08-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2024-07-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2023-04-18
    🏢
    Company incorporated
    As SPPUG LTD
  16. 2023-04-18
    PHIPPS, Bradley Charlie appointed
    director
  17. 2023-04-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

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

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: 2026-05-01

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Bradley Charlie Phipps
Individual · British · DOB 02/1997 · age 29
75–100%board control75-100% voting · board control18/04/2023

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Typeprivate-limited-guarant-nsc
Incorporated2023-04-18
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

42 Station Road
Cardenden
Lochgelly
Fife
KY5 0BP

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-01OVERDUE
Last: 2025-04-17

Officers (3 active · 1 resigned)

BAXTER, Stuart Ritchie
director · ~40y · appointed 2024-09-27
View their other companies + combined net worth →
Active
GILES, Joshua-Lee Peter
director · ~32y · appointed 2024-10-01
View their other companies + combined net worth →
Active
PHIPPS, Bradley Charlie
director · ~29y · appointed 2023-04-18
View their other companies + combined net worth →
Active
COLQUOUN, Ramdeep
director · ~47y · appointed 2024-10-01 · resigned 2025-08-26
Resigned

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-06
termination-director-company-with-name-termination-date
officers · TM01
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-03
appoint-person-director-company-with-name-date
officers · AP01
2024-10-01
appoint-person-director-company-with-name-date
officers · AP01
2024-10-01
change-person-director-company-with-change-date
officers · CH01
2024-09-27
appoint-person-director-company-with-name-date
officers · AP01
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-06
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-21
gazette-notice-compulsory
gazette · GAZ1
2024-07-09
incorporation-company
incorporation · NEWINC
2023-04-18