AITKEN SPENCE PLC
None (0)SPEN.N0000 · Capital Goods
YoY trend
Governance
weight 25%Board composition, director tenure and turnover, committee effectiveness, succession gaps.
149.8 sub-score
Related-Party Transactions
weight 25%RPT disclosure volume and gaps, undisclosed amounts, large transactions, counterparty conflicts.
111.4 sub-score
Audit & Assurance
weight 20%Auditor qualifications, going-concern doubts, rotation and independence issues.
2.3 sub-score
Sentiment
weight 15%Tone divergence between public and risk sections, negative risk sentiment, obfuscation.
5.6 sub-score
Network
weight 15%Shared directors with risky peers, group spillover, structural links.
36.5 sub-score
Why this score?
low independent directors (+2) Governance
Independent directors 22.2% (below 33%)
no female directors (+1) Governance
No female directors on 18-member board
low independent directors (+2) Governance
Independent directors 26.9% (below 33%)
no female directors (+1) Governance
No female directors on 26-member board
low independent directors (+2) Governance
Independent directors 28.6% (below 33%)
Risk score history
Category contribution to the total score per report year; the selected year (2026) is highlighted.
Showing current links: active roles and relationships from the last 2 years.
Entity kind
This company — ring colour = risk band
Person
Company entity
Linked only via a relationship
Person / director
Listed company
Private company
Group / conglomerate
Fund / institutional
Risk band
None
Low
Moderate
High
Elevated
Connections
Role at this company
Related-party transaction
Subsidiary
Loan / advance
Other relationship
Recency
Current — full strength
~5 years old — about half
10+ years — faint floor
In Historical view, older links are drawn thinner and fainter: about half strength after 5 years (5-year half-life, same as risk scoring), never below a faint minimum. Links with no recorded year show at full strength.
Drag nodes to explore. Click a person or company-entity node to open its profile; click the company node or an edge for details. Keyboard: Tab to the graph, then ←/→ to move between nodes and Enter to open one. The Network summary panel lists the same connections as text.
Network summary
None
(0)
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Details
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Risk signals
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Sentiment over time
FinBERT softmax probabilities for the selected section.
Section × year negativity
| Section |
|---|
High (≥0.50)
Caution (0.20–0.50)
Mild (0.10–0.20)
Low (<0.10)
Sentiment divergence
Sections with average negative sentiment above 0.55 in the selected year range.
| Year | Section | Avg negative |
|---|
Related-party transactions
Transactions from the selected report year (2026) are highlighted. Amount bars are scaled to the largest transaction listed.
| From | Relationship | To | Year | Amount (LKR) | Description | Graph |
|---|---|---|---|---|---|---|
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2026 selected year | — | corporate_governance: Aitken Spence PLC (parent) | |
| CWM.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2026 selected year | — | mda: Aitken Spence (related) | |
| AHUN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2026 selected year | — | corporate_governance: Aitken Spence (related) | |
| Aitken Spence PLC Listed company | CONTRACT_MANUFACTURING | C. W. Mackie Person / director | 2026 selected year | — | Contract manufacturing agreement established with Aitken Spence to produce berry-based products using locally supplied raw materials. | |
| SPEN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2024 | — | related_party_transactions: Aitken Spence PLC (related) | |
| SPEN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2024 | — | related_party_transactions: Aitken Spence PLC (parent) | |
| Aitken Spence PLC Listed company | BALANCE_DUE | Group Companies Private company | 2024 | 14,899,000 | Amounts due to group companies of the parent as at 31 March 2024, including Bell Solutions (Pvt) Ltd, Continental Insurance Lanka Ltd, Distilleries Company of Sri Lanka PLC, Lanka Bell (Pvt) Ltd, Melsta Laboratories (Pvt) Ltd, Periceyl (Pvt) Ltd, Splendor Media (Pvt) Ltd and Texpro Industries Ltd. | |
| Dr. R. A. Fernando Person / director | FAMILY | Mr. Merril J. Fernando Person / director | 2023 | — | parent: Merrill Fernando | |
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2023 | — | related_party_transactions: Aitken Spence PLC (parent) | |
| Aitken Spence PLC Listed company | BALANCE_DUE | Group Companies Private company | 2023 | 12,224,000 | Amounts due to group companies of the parent as at 31 March 2023, including Bell Solutions (Pvt) Ltd, Continental Insurance Lanka Ltd, Distilleries Company of Sri Lanka PLC, Lanka Bell (Pvt) Ltd, Melsta Laboratories (Pvt) Ltd, Periceyl (Pvt) Ltd, Splendor Media (Pvt) Ltd and Texpro Industries Ltd. | |
| SPEN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2023 | — | related_party_transactions: Aitken Spence PLC (parent) | |
| SPEN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2023 | — | related_party_transactions: Aitken Spence PLC (related) | |
| Aitken Spence PLC Listed company | DONATION | Elephant Transit Home in Udawalawa Private company | 2023 | — | Company adopted second baby elephant 'Anagi' from Elephant Transit Home, covering monthly expenses. | |
| Aitken Spence PLC Listed company | DONATION | Turtle Conservation Project at Rekawa Private company | 2023 | — | Segment supports Turtle Conservation Project at Rekawa by funding night patrolling to protect turtle nests. | |
| Aitken Spence PLC Listed company | PARTNERSHIP | Department of Wildlife Conservation Private company | 2023 | — | Pioneering partnership with Department of Wildlife Conservation for 'Infant Paws' project to raise awareness about leopard cub protection. | |
| Aitken Spence PLC Listed company | JOINT_VENTURE | IRIS Tech Ventures Sdn Bhd Fund / institutional | 2023 | — | Established a joint venture with IRIS Tech Ventures Sdn Bhd to provide business process outsourcing services to offshore clients. | |
| Aitken Spence PLC Listed company | JOINT_VENTURE | DPEX Private company | 2023 | — | The Group's freight segment entered into a joint venture with DPEX to carry out international freight forwarder services. | |
| Aitken Spence PLC Listed company | DONATION_IN_KIND | Lions Gift of Sight Hospital Private company | 2023 | — | Installed, tested and commissioned an elevator free of charge with free maintenance for a period of five years. | |
| Mr. Merril J. Fernando Person / director | FAMILY | Dr. R. A. Fernando Person / director | 2023 | — | son: Dilhan C Fernando | |
| Distilleries Company of Sri Lanka PLC Listed company | TRANSACTION | Mr. N.J. de S. Deva Aditya Person / director | 2023 | 2,231,505 | Related party transaction with N. de S. Deva Aditya as disclosed in the related party transactions section for the year ended 31 March 2023. | |
| AHUN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2023 | — | related_party_transactions: Aitken Spence (related) | |
| Aitken Spence PLC Listed company | AUDIT_FEES | KPMG Private company | 2023 | 1,900,000 | Audit fees payable by the Company to KPMG for the financial year ended 31 March 2023. | |
| Group Companies Private company | RECEIVABLE | Aitken Spence PLC Listed company | 2023 | 78,865,000 | Amount due from group companies of the parent: Continental Insurance Lanka Ltd, Distilleries Company of Sri Lanka PLC, Lanka Bell (Pvt) Ltd, Melstacorp PLC, Periceyl (Pvt) Ltd and Telecom Frontier (Pvt) Ltd. No balance due from Milford Exports (Ceylon) (Pvt) Ltd, the ultimate holding company. | |
| Subsidiaries Group / conglomerate | RECEIVABLE | Aitken Spence PLC Listed company | 2023 | 5,787,672,000 | Amount due from subsidiaries (fully owned rs. 3,170,627 thousand and partly owned rs. 2,617,045 thousand) including Ace Apparels (Pvt) Ltd, Ace Cargo (Pvt) Ltd, Aitken Spence Hotel Holdings PLC, Aitken Spence Shipping Ltd and other listed subsidiaries. | |
| Aitken Spence PLC Listed company | AUDIT_RELATED_AND_NON_AUDIT_SERVICES | KPMG Private company | 2023 | 3,500,000 | Permitted audit related and non-audit related services payable by the Company to KPMG. | |
| ELPL.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2023 | — | corporate_governance: Aitken Spence PLC (parent) | |
| Mr. Merril J. Fernando Person / director | FAMILY | Dr. R. A. Fernando Person / director | 2023 | — | child: Dilhan Fernando | |
| Aitken Spence PLC Listed company | PARTNERSHIP | National Cleaner Production Centre Private company | 2022 | — | The Group partnered with the NCPC to revise the Group's emission benchmarks and develop action plans to achieve net zero emission status by 2030. | |
| Aitken Spence PLC Listed company | ACQUISITION | Waltrim Energy Ltd. Group / conglomerate | 2022 | 873,890,000 | Aitken Spence PLC acquired 100% of Waltrim Energy Ltd and its wholly owned subsidiaries (Waltrim Hydropower (Pvt) Ltd, Upper Waltrim Hydropower (Pvt) Ltd, and Elgin Hydropower (Pvt) Ltd) for a purchase consideration of Rs. 873,890,000 (net cash outflow Rs. 852,500,000). No related party relationship was disclosed. | |
| Aitken Spence PLC Listed company | PARTNERSHIP | Singapore Airlines Private company | 2022 | — | 50-year partnership as the longest-standing GSA for Singapore Airlines globally. | |
| Lloyds of London Private company | AGENCY | Aitken Spence PLC Listed company | 2022 | — | Appointed as agents for Ceylon. | |
| SPEN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2022 | — | corporate_governance: Aitken Spence PLC (related) | |
| Distilleries Company of Sri Lanka PLC Listed company | TRANSACTION | Mr. N.J. de S. Deva Aditya Person / director | 2022 | 2,231,505 | Related party transaction with N. de S. Deva Aditya as disclosed in the related party transactions section for the year ended 31 March 2022. | |
| ELPL.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2022 | — | corporate_governance: Aitken Spence PLC (related) | |
| MELS.N0000 Group / conglomerate | SUBSIDIARY | Aitken Spence PLC Listed company | 2022 | — | major_transactions: Aitken Spence PLC (subsidiary, 51.33% ownership) | |
| Aitken Spence PLC Listed company | AUDIT_SERVICES | National Cleaner Production Centre Private company | 2022 | — | An energy audit was conducted at Aitken Spence Towers during the year under review by the National Cleaner Production Centre. | |
| SPEN.N0000 Group / conglomerate | ACQUIRER | Aitken Spence PLC Listed company | 2022 | — | major_transactions: Aitken Spence PLC (acquirer) | |
| Group Companies Private company | RECEIVABLE | Aitken Spence PLC Listed company | 2022 | 48,625,000 | Amount due from group companies of the parent: Continental Insurance Lanka Ltd, Distilleries Company of Sri Lanka PLC, Lanka Bell (Pvt) Ltd, Melstacorp PLC, Periceyl (Pvt) Ltd and Telecom Frontier (Pvt) Ltd. No balance due from Milford Exports (Ceylon) (Pvt) Ltd, the ultimate holding company. | |
| Subsidiaries Group / conglomerate | RECEIVABLE | Aitken Spence PLC Listed company | 2022 | 4,488,397,000 | Amount due from subsidiaries (fully owned rs. 2,712,101 thousand and partly owned rs. 1,776,296 thousand) including Ace Apparels (Pvt) Ltd, Ace Cargo (Pvt) Ltd, Aitken Spence Hotel Holdings PLC, Aitken Spence Shipping Ltd and other listed subsidiaries. | |
| Mr. Merril J. Fernando Person / director | FAMILY | Dr. R. A. Fernando Person / director | 2022 | — | child: Dilhan C Fernando | |
| Dr. R. A. Fernando Person / director | FAMILY | Mr. Merril J. Fernando Person / director | 2022 | — | parent: Merrill J. Fernando | |
| AHUN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2021 | — | directors_report: Aitken Spence (related) | |
| SPEN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2021 | — | related_party_transactions: Aitken Spence PLC (related) | |
| SPEN.N0000 Group / conglomerate | ACQUIRER | Aitken Spence PLC Listed company | 2021 | — | major_transactions: Aitken Spence PLC (acquirer) | |
| ELPL.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2021 | — | corporate_governance: Aitken Spence PLC (related) | |
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2021 | — | corporate_governance: Aitken Spence PLC (parent, 71.21% ownership) | |
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2020 | — | corporate_governance: Aitken Spence PLC (parent, 71.21% ownership) | |
| AHUN.N0000 Group / conglomerate | RPT_COUNTERPARTY | Aitken Spence PLC Listed company | 2020 | — | related_party_transactions: Aitken Spence (rpt_counterparty) | |
| Aitken Spence PLC Listed company | ACQUISITION | Waltrim Energy Ltd. Group / conglomerate | 2020 | 900,000,000 | Approved the acquisition of 100% shareholding of Waltrim Energy Ltd. and its 3 wholly owned subsidiaries for Rs. 900 mn. | |
| Aitken Spence PLC Listed company | DIVIDEND | shareholders Person / director | 2020 | — | Recommended a first and final dividend of Rs. 1/- per share. | |
| Aitken Spence PLC Listed company | CONSULTANCY | Deloitte Singapore Private company | 2020 | — | Approved the appointment of Deloitte Singapore as consultants for the Group's intelligent automation programme. | |
| SPEN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2020 | — | related_party_transactions: Aitken Spence PLC (related) | |
| Aitken Spence PLC Listed company | SUBSCRIPTION | Western Power (Pvt) Ltd Group / conglomerate | 2020 | 3,250,000,000 | Aitken Spence PLC subscribed to 40,000,000 redeemable cumulative preference shares of Rs. 100 each issued by Western Power (Pvt) Ltd, a subsidiary, during FY2019/20. | |
| MELS.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2020 | — | related_party_transactions: Aitken Spence PLC (parent) | |
| Aitken Spence PLC Listed company | PREFERENCE_SHARE_SUBSCRIPTION | Western Power (Pvt) Ltd Group / conglomerate | 2019 | 3,700,000,000 | During 2018/2019 financial year, 40,000,000 redeemable cumulative preference shares of Rs. 100.00 each were issued to Aitken Spence PLC by Western Power (Pvt) Ltd; called up capital Rs. 92.50 per share as at 31.03.2023. | |
| AHUN.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2019 | — | corporate_governance: Aitken Spence PLC (related) | |
| AHUN.N0000 Group / conglomerate | RPT_COUNTERPARTY | Aitken Spence PLC Listed company | 2018 | — | mda: Aitken Spence PLC (rpt_counterparty) | |
| ELPL.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2018 | — | corporate_governance: Aitken Spence PLC (related) | |
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2018 | — | related_party_transactions: Aitken Spence PLC (parent) | |
| DIST.N0000 Group / conglomerate | RPT_COUNTERPARTY | Aitken Spence PLC Listed company | 2017 | — | corporate_governance: Aitken Spence PLC (rpt_counterparty) | |
| ELPL.N0000 Group / conglomerate | RELATED | Aitken Spence PLC Listed company | 2016 | — | major_transactions: Aitken Spence PLC (related) | |
| AHUN.N0000 Group / conglomerate | PARENT | Aitken Spence PLC Listed company | 2016 | — | group_structure: Aitken Spence PLC (parent) | |
| DIST.N0000 Group / conglomerate | ASSOCIATE | Aitken Spence PLC Listed company | 2016 | — | corporate_governance: Aitken Spence PLC (associate) |
Edge thickness
Total LKR with the counterparty (log scale)
Undisclosed amounts: thickness = transaction count (half scale)
Edge age (opacity)
Recent — full strength
~5 years old — 50%
10+ years — 25% floor
Nodes
This company — ring colour = risk band
Person
Company entity — ring colour = its risk band when listed
Click or hover an edge for year, amount and description of each transaction with that counterparty. Keyboard: Tab to the graph, then ←/→ to move between nodes and Enter to open one. The table view above lists the same transactions as text.
RPT graph summary
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Counterparty
Select an edge to inspect its transactions here. Counterparty nodes open their profile page.
| Year | Type | Period | Title | Pipeline DEP | Extraction DEP | Status |
|---|---|---|---|---|---|---|
| 2026 | Annual Report | — | SPEN.N0000 Annual Report 2026 | — | — | failed |
| 2026 | Quarterly Report | Q2 | Interim Financial Statements for the Quarter ended 30th June 2026 | 3.0 | — | completed |
| 2024 | Annual Report | — | SPEN.N0000 Annual Report 2024 | 3.0 | 1.0 | completed |
| 2023 | Annual Report | — | SPEN.N0000 Annual Report 2023 | 3.0 | 1.0 | completed |
| 2022 | Annual Report | — | SPEN.N0000 Annual Report 2022 | 3.0 | 1.0 | completed |
| 2021 | Annual Report | — | SPEN.N0000 Annual Report 2021 | 3.0 | 1.0 | completed |
| 2020 | Annual Report | — | SPEN.N0000 Annual Report 2020 | 3.0 | 1.0 | completed |
| 2019 | Annual Report | — | SPEN.N0000 Annual Report 2019 | — | — | failed |
| 2018 | Annual Report | — | SPEN.N0000 Annual Report 2018 | — | — | failed |
| 2017 | Annual Report | — | SPEN.N0000 Annual Report 2017 | — | — | failed |
| 2016 | Annual Report | — | SPEN.N0000 Annual Report 2016 | — | — | failed |
| 2014 | Annual Report | — | SPEN.N0000 Annual Report 2014 | — | — | pending |
| 2013 | Annual Report | — | SPEN.N0000 Annual Report 2013 | — | — | pending |
| 2012 | Annual Report | — | SPEN.N0000 Annual Report 2012 | — | — | pending |
Ask about AITKEN SPENCE PLC
Chat is scoped to AITKEN SPENCE PLC (SPEN.N0000) reports — answers include the source chunks they were generated from.
Answer
Source chunks
Sector peers — Capital Goods
- GREENTECH ENERGY PLC High (17.4)
- OFFICE EQUIPMENT PLC Moderate (8)
- BROWN & COMPANY PLC Low (0.5)
- JOHN KEELLS HOLDINGS PLC Low (0.5)
- LUMINEX PLC None (0)
- ACCESS ENGINEERING PLC None (0)
On this board
- P Perera Person / director Director
- Mr. D.H.S. Jayawardene Person / director Executive Director
- Mr. R.N. Asirwatham Person / director Independent Director
- c.H. Gomez Person / director Independent Director
- Mr. L.L.S. Wickremasinghe Person / director Director
- Ms. D.S.T. Jayawardena Person / director Director
- Mr. J.M.S. Brito Person / director Director
- Mr. N.J. de S. Deva Aditya Person / director Director
Report summary
- Report year
- FY2026
- Total risk score
- 0.0 (None)
- Avg negative sentiment
- 0.06 (FY2026)
- Connected entities
- 39
- Extracted relationships
- 63
Generated 2026-09-17 from https://nanayojana.com/company/SPEN.N0000 — methodology and limitations: https://nanayojana.com/methodology. Not investment advice.