PITFODELS HOLDINGS LIMITED
⚰️Wound downliquidation
SC184278 · ltd · incorporated 1998-03-27
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 27.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
49/100
Watch
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 49/100 (watch), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 27.7y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
65
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Average employees | 2 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
2
filings
- • 1 address
- • 1 resolution
Last 90 days
8
filings
- • 4 persons-with-significant-control
- • 1 address
- • 1 resolution
Last 180 days
8
filings
- • 4 persons-with-significant-control
- • 1 address
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-03-27📄resolutionresolution · RESOLUTIONS
- 2026-03-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-11📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2026-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-groupaccounts · AA
- 2024-11-06📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2024-11-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-11-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-05🔓Charge satisfied #1
- 2024-10-31📄capital-alter-shares-redemption-statement-of-capitalcapital · SH02
- 2024-10-29📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-10-29📄legacycapital · SH20
- 2024-10-29⚠️legacyinsolvency · CAP-SS
- 2024-10-29📄resolutionresolution · RESOLUTIONS
- 2024-10-29📄capital-alter-shares-subdivisioncapital · SH02
- 2024-03-27📄memorandum-articlesincorporation · MA
- 2024-03-27📄resolutionresolution · RESOLUTIONS
- 2023-11-28📄accounts-with-accounts-type-groupaccounts · AA
- 2022-12-01📄accounts-with-accounts-type-groupaccounts · AA
- 2021-02-19➕STRONACHS SECRETARIES LIMITED appointedcorporate-secretary
- 2021-02-19➖DENTONS SECRETARIES LIMITED resignedcorporate-secretary
- 2021-02-19➖SPENCE, John Stewart resigneddirector
- 2018-08-01➕SPENCE, Greg Stewart appointeddirector
- 2017-10-27➕DENTONS SECRETARIES LIMITED appointedcorporate-secretary
- 2017-10-27➖MACLAY MURRAY & SPENS LLP resignedcorporate-secretary
- 2016-11-16➖SPENCE, Greg Stewart resigneddirector
- 2016-07-15➖SPENCE, Craig Richard resigneddirector
- 2011-04-20➕SPENCE, Ross John appointeddirector
- 2011-04-20➕SPENCE, Craig Richard appointeddirector
- 2011-04-20➕SPENCE, Greg Stewart appointeddirector
- 2007-11-08➖IAIN SMITH AND COMPANY resignedcorporate-secretary
- 2007-11-08➕MACLAY MURRAY & SPENS LLP appointedcorporate-secretary
- 1998-08-04🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1998-08-03➖ROXBURGH, Roy resignednominee-director
- 1998-08-03➕SPENCE, John Stewart appointeddirector
- 1998-03-27🏢Company incorporatedAs PITFODELS HOLDINGS LIMITED
- 1998-03-27➕IAIN SMITH AND COMPANY appointedcorporate-secretary
- 1998-03-27➕ROXBURGH, Roy appointednominee-director
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company in liquidation
highCompany is actively being wound up. Not a going concern.
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-10-29: legacy
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Craig Richard Spence Individual · British · DOB 01/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 27/02/2026 |
Mr Greg Stewart Spence Individual · British · DOB 06/1977 · age 49 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 27/02/2026 |
Mr Ross John Spence Individual · British · DOB 01/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 27/02/2026 |
2 historic (ceased) PSCs
- Sheila Elizabeth Spenceceased 29/10/2024· 50-75% shares
- Mr John Stewart Spenceceased 23/02/2021· significant influence
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 · Hospitality · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CARPE DIEM CREATIONS LTD→ SC884443 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CB BAR BANFF LTD→ SC855587 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CHARMFIELD VINTAGE EVENTS LIMITED→ SC608200 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CHEUNG'S CHOPSTICKS LTD→ SC848066 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CHINESE DRAGON ABERDEEN LIMITED→ SC747743 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CHINESE DRAGON PORTKNOCKIE LTD→ SC810558 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CJ FOOD & LEISURE GROUP LIMITED→ SC788330 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CLARK CAKES LIMITED→ SC845438 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CLCJ LTD→ SC692488 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| COASTAL PIZZA LIMITED→ SC700980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| COBBLEHOUSE COUNTRY CABINS LTD→ SC558659 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| COCK & BULL COUNTRY INNS LIMITED→ SC169863 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusliquidation
Typeltd
Incorporated1998-03-27
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
Kingshill View
Prime Four Business Park
Kingswells
Aberdeen
AB15 8PU
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28
Officers (3 active · 7 resigned)
STRONACHS SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2021-02-19
View their other companies + combined net worth →
SPENCE, Greg Stewart→
Activedirector · ~49y · appointed 2018-08-01
View their other companies + combined net worth →
SPENCE, Ross John→
Activedirector · ~46y · appointed 2011-04-20
View their other companies + combined net worth →
DENTONS SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2017-10-27 · resigned 2021-02-19
IAIN SMITH AND COMPANY→
Resignedcorporate-secretary · appointed 1998-03-27 · resigned 2007-11-08
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-secretary · appointed 2007-11-08 · resigned 2017-10-27
ROXBURGH, Roy→
Resignednominee-director · ~76y · appointed 1998-03-27 · resigned 1998-08-03
SPENCE, Craig Richard→
Resigneddirector · ~46y · appointed 2011-04-20 · resigned 2016-07-15
SPENCE, Greg Stewart→
Resigneddirector · ~49y · appointed 2011-04-20 · resigned 2016-11-16
SPENCE, John Stewart→
Resigneddirector · ~79y · appointed 1998-08-03 · resigned 2021-02-19
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 04/08/1998 | 05/11/2024 |
Recent filings (128 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-08
resolution
resolution · RESOLUTIONS
2026-03-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-11
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-group
accounts · AA
2025-02-28
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-11-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-06
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-05
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2024-10-31
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-10-29