CHAS. G. SPENCE LIMITED

🌳Matureactive
SC035273 · ltd · incorporated 1960-05-18
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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 (58/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red 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£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Average employees2200

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 (26 events)Click to expand
  1. 2026-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-07-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-07-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-02-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-03-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-05-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2021-12-13
    ➕
    SPENCE, Andrew appointed
    director
  14. 2021-12-13
    ➕
    SPENCE, Thomas appointed
    director
  15. 2021-12-13
    ➖
    SPENCE, Charles John resigned
    director
  16. 2020-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2019-05-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2019-05-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2019-05-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2016-06-06
    ➖
    SPENCE, Jean York Tait resigned
    director
  23. 2013-02-22
    ➕
    SPENCE, Charles John appointed
    director
  24. 2012-07-02
    ➖
    SPENCE, Charles G resigned
    secretary
  25. 2012-07-02
    ➖
    SPENCE, Charles G resigned
    director
  26. 1960-05-18
    🏢
    Company incorporated
    As CHAS. G. SPENCE LIMITED

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "SPENCE" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 66 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
Mr Thomas Spence
Individual · British · DOB 12/1980 · age 46
50–75%
50–75%board control50-75% shares · 50-75% voting · board control10/11/2023
Mr Andrew Spence
Individual · British · DOB 02/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting10/11/2023
2 historic (ceased) PSCs
  • Mr Charles John Spenceceased 10/11/2023· 75-100% shares · 75-100% voting · board control
  • Mr Charles Spence (Deceased)ceased 14/03/2018· 75-100% shares · 75-100% voting

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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———————
ESK FARM LIMITED→
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————29y——
FALLHILLS FENCING LTD→
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————13y——
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————2y——
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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
Incorporated1960-05-18
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Biel
Dunbar
EH42 1SY

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-01
Last: 2025-05-18

Officers (2 active · 4 resigned)

SPENCE, Andrew→
director · ~43y · appointed 2021-12-13
View their other companies + combined net worth →
Active
SPENCE, Thomas→
director · ~46y · appointed 2021-12-13
View their other companies + combined net worth →
Active
SPENCE, Charles G→
secretary · resigned 2012-07-02
Resigned
SPENCE, Charles John→
director · ~77y · appointed 2013-02-22 · resigned 2021-12-13
Resigned
SPENCE, Charles G→
director · ~109y · resigned 2012-07-02
Resigned
SPENCE, Jean York Tait→
director · ~99y · resigned 2016-06-06
Resigned

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

Recent filings (100 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-04
change-person-director-company-with-change-date
officers · CH01
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
termination-director-company-with-name-termination-date
officers · TM01
2022-05-18
appoint-person-director-company-with-name-date
officers · AP01
2022-05-13