BASE SPIRITS LTD
🏛️Establishedactive
SC628611 · ltd · incorporated 2019-04-25
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 Mar 2025
Net worth
£-34.0k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: SIC 46170
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -60% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: high (81/100)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
5 officers (3 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £34,009
Net assets shrinking
Down £46,886 YoY
Cash draining
Cash down 60% YoY
Cash YoY
-60%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£11k
↓ 60% YoY
Net Worth
-£34k
↓ 364% YoY
Current Assets
£111k
↓ 11% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-34.0k | £12.9k |
| Current assets | £111.1k | £124.2k |
| Cash | £10.5k | £26.4k |
| Debtors | £100.6k | £97.8k |
| Net assets | £-34.0k | £12.9k |
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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-06📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-06-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-11📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-11📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-06-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-02-01➕MELVILLE, Ian appointeddirector
- 2024-02-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-31➖AIKMAN, Michael resigneddirector
- 2024-01-31➖SCOTT, Jason resigneddirector
- 2024-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-25🏢Company incorporatedAs BASE SPIRITS LTD
- 2019-04-25➕IRAVANI, Benjamin appointeddirector
- 2019-04-25➕RENNIE, Josh Graham appointeddirector
- 2019-04-25➕AIKMAN, Michael appointeddirector
- 2019-04-25➕SCOTT, Jason appointeddirector
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Benjamin Iravani Individual · British · DOB 08/1985 · age 41 | 25–50% | — | board control25-50% shares · board control | 25/04/2019 |
Mr Josh Graham Rennie Individual · British · DOB 01/1985 · age 41 | 25–50% | — | board control25-50% shares · board control | 25/04/2019 |
2 historic (ceased) PSCs
- Mr Jason Scottceased 01/02/2024· 25-50% shares · board control
- Mr Michael Aikmanceased 01/02/2024· 25-50% shares · 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
Active · Wholesale & distribution · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALLT WORKS LIMITED→ SC859777 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALSHARIKAT ALEALAMIAT ALAWLAA LILMUEADAAT LTD→ SC800699 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ANWARI TRADING LIMITED→ SC883734 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ASTORIA EDINBURGH LIMITED→ SC676088 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AULD ACQUAINTANCE WHISKY COMPANY LIMITED→ SC611637 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AUREVIA SOLUTIONS LTD→ SC876338 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BAM EXPORTS (PVT) LTD→ SC869786 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BASILSHUB LIMITED→ SC848113 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BERZINS TEAM LTD→ SC857615 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BEST TWENTY LTD→ SC613370 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BEYOND THE NORM LIMITED→ SC865548 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BIABWE LIMITED→ SC844949 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2019-04-25
Jurisdictionscotland
Primary SIC46170 — SIC 46170
Registered office
36 Bruntsfield Place
Edinburgh
EH10 4HJ
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-17
Last: 2025-06-03
Officers (3 active · 2 resigned)
IRAVANI, Benjamin→
Activedirector · ~41y · appointed 2019-04-25
View their other companies + combined net worth →
MELVILLE, Ian→
Activedirector · ~42y · appointed 2024-02-01
View their other companies + combined net worth →
RENNIE, Josh Graham→
Activedirector · ~41y · appointed 2019-04-25
View their other companies + combined net worth →
AIKMAN, Michael→
Resigneddirector · ~48y · appointed 2019-04-25 · resigned 2024-01-31
SCOTT, Jason→
Resigneddirector · ~52y · appointed 2019-04-25 · resigned 2024-01-31
Click a director name to see their full track record across all companies.
Recent filings (30 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-17
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-12
change-person-director-company-with-change-date
officers · CH01
2024-06-11
change-person-director-company-with-change-date
officers · CH01
2024-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-04
change-person-director-company-with-change-date
officers · CH01
2024-06-04
change-person-director-company-with-change-date
officers · CH01
2024-06-04
change-person-director-company-with-change-date
officers · CH01
2024-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-04