AILSPIN LLP

💤Zombieactive
SO307222 · llp · incorporated 2021-04-14
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
59/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 60/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

12 live charges · oldest 4.1y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~4.1 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
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
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
64
Some moderate concerns — review 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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Average employees00

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2023-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-03-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2023-01-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-09-16
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2022-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  10. 2022-04-29
    🔒
    Charge registered #12
    Lender: Bank of Scotland PLC
  11. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  12. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  13. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  14. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  15. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  16. 2022-04-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  17. 2022-04-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  18. 2022-04-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  19. 2022-04-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  20. 2022-04-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  21. 2022-04-25
    🔒
    Charge registered #11
    Lender: Bank of Scotland PLC
  22. 2022-04-25
    🔒
    Charge registered #10
    Lender: Bank of Scotland PLC
  23. 2022-04-25
    🔒
    Charge registered #9
    Lender: Bank of Scotland PLC
  24. 2022-04-25
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC
  25. 2022-04-25
    🔒
    Charge registered #7
    Lender: Bank of Scotland PLC
  26. 2022-04-22
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  27. 2022-04-22
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  28. 2022-04-22
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  29. 2022-04-22
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  30. 2022-04-22
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  31. 2022-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  32. 2022-04-02
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  33. 2021-04-14
    🏢
    Company incorporated
    As AILSPIN LLP
  34. 2021-04-14
    SPINK, Aileen appointed
    llp-designated-member
  35. 2021-04-14
    SPINK, Gordon appointed
    llp-designated-member
  36. 2021-04-14
    📄
    incorporation-limited-liability-partnership
    incorporation · LLIN01

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

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

Red flags

1 high · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-09

12 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gordon Spink
Individual · British · DOB 02/1957 · age 69
25–50%25-50% voting14/04/2021
Mrs Aileen Spink
Individual · British · DOB 08/1956 · age 70
25–50%25-50% voting14/04/2021

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

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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
Typellp
Incorporated2021-04-14
Jurisdictionscotland
Primary SIC

Registered office

Site 6 Sir William Smith Road
Kirkton Industrial Estate
Arbroath
Angus
DD11 3RD
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-09OVERDUE
Last: 2025-03-26

Officers (2 active · 0 resigned)

SPINK, Aileen
llp-designated-member · ~70y · appointed 2021-04-14
View their other companies + combined net worth →
Active
SPINK, Gordon
llp-designated-member · ~69y · appointed 2021-04-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

12
Total charges
12
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property29/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property25/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties25/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties25/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties25/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge3 properties25/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge2 properties22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge02/04/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-15
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-03-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-17
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2022-04-25