Hi Steve,
I acquired a Spotmatic with no speeds slower than 1/30th for no other reason than it was very cheap!. As John says, it's almost certainly the slow speed escapement. I dismantled the Spotmatic, which necessitated removing the mirror box, freed the escapement mechanism with a few drops of lighter fluid to dissolve the ancient, gungey lubricant and then once the mechanism was moving freely re-lubricated it. Not a difficult job, just one requiring a bit of patience and a set of jeweller's scredrivers. A good job for a cold winter's evening! If you do decide to give it a go I can send you some disassembly info if needed.
Steve