SPRUCE ENERGY LIMITED

⚰️Wound downdissolved
SC662641 · ltd · incorporated 2020-06-01
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
55/100
Worth a look
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
3 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

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 (7 events)Click to expand
  1. 2021-11-02
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2021-11-02
    🏁
    Company dissolved
  3. 2021-08-17
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2020-06-01
    🏢
    Company incorporated
    As SPRUCE ENERGY LIMITED
  5. 2020-06-01
    GOWANS, Alan appointed
    director
  6. 2020-06-01
    LEE, Greg Francis appointed
    director
  7. 2020-06-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2021-11-02

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Greg Francis Lee
Individual · British · DOB 01/1987 · age 39
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/06/2020
Mr Alan Gowans
Individual · British · DOB 05/1980 · age 46
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/06/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusdissolved
Typeltd
Incorporated2020-06-01
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Auchentiber Farm Fereneze Road
Neilston
Glasgow
G78 3AG
Scotland

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

GOWANS, Alan
director · ~46y · appointed 2020-06-01
View their other companies + combined net worth →
Active
LEE, Greg Francis
director · ~39y · appointed 2020-06-01
View their other companies + combined net worth →
Active

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

Recent filings (3 total)

gazette-dissolved-compulsory
gazette · GAZ2
2021-11-02
gazette-notice-compulsory
gazette · GAZ1
2021-08-17
incorporation-company
incorporation · NEWINC
2020-06-01