ROYAL EXCHANGE THEATRE COMPANY LIMITED

🌳Matureactive
00927203 · private-limited-guarant-nsc · incorporated 1968-02-12
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.2y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 29.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 29.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
94 officers (7 active, 94 linked, 88 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
12 connected companies via shared directors
81
Filing history
294 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 officers
Last 180 days
3
filings
  • 2 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (182 events)Click to expand
  1. 2026-03-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-02-10
    STEVENS, Nick appointed
    director
  3. 2026-01-05
    📄
    accounts-with-accounts-type-group
    accounts · AA
  4. 2025-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-10
    SQUIRES, Charles Ian resigned
    director
  6. 2025-11-21
    KIRKPATRICK, Victoria resigned
    secretary
  7. 2025-11-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2025-10-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-10-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-10-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-09-24
    JOHNSON, Simon Martin appointed
    director
  12. 2025-09-24
    MAHAPATRA, Rajeevendra Kumar appointed
    director
  13. 2025-09-24
    POWER, Benjamin James appointed
    director
  14. 2025-09-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2025-09-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2025-08-26
    SINGH, Gurjeet resigned
    director
  17. 2025-08-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2025-07-31
    TAYLOR, Joanne Elizabeth resigned
    director
  19. 2025-07-24
    SQUIRES, Charles Ian appointed
    director
  20. 2025-07-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-07-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2025-07-03
    D'SOUSA-LODHI, Afshan Tania resigned
    director
  23. 2025-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2025-06-29
    ARMSTRONG, Rachel Elizabeth resigned
    director
  25. 2025-06-15
    HANLON, Ellen Mary resigned
    director
  26. 2025-04-08
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  27. 2025-04-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  28. 2025-03-28
    FREEMAN, Stephen Christopher resigned
    secretary
  29. 2025-03-28
    KIRKPATRICK, Victoria appointed
    secretary
  30. 2025-02-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  31. 2025-01-28
    MAY, Nicole resigned
    director
  32. 2025-01-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  33. 2025-01-14
    FRASER, Rachel Anna appointed
    director
  34. 2025-01-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  35. 2025-01-06
    MOHAMMED, Armoghan resigned
    director
  36. 2025-01-04
    📄
    accounts-with-accounts-type-group
    accounts · AA
  37. 2024-12-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  38. 2024-12-12
    LOVEDAY, Alison Marie appointed
    director
  39. 2024-10-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  40. 2024-09-26
    SCOTT, Eva resigned
    director
  41. 2024-09-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  42. 2024-06-27
    SINGH, Gurjeet appointed
    director
  43. 2024-06-12
    SCOTT, Eva appointed
    director
  44. 2024-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  45. 2023-12-29
    VOKES, Katharine Jane resigned
    director
  46. 2023-12-14
    TAYLOR, Joanna Katharine appointed
    director
  47. 2023-12-14
    D'SOUSA-LODHI, Afshan Tania appointed
    director
  48. 2023-12-14
    VENABLE-GREAVES, Robert William Paul resigned
    director
  49. 2023-06-15
    CALDWELL, James Benedict resigned
    director
  50. 2023-06-15
    PENNI, Sally resigned
    director
Showing most recent 50 of 182 events

Owner dependency

48/100
Moderate — manageable with handover

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

FACTORS
  • -7 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.

Red flags

1 med ·
7 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: KIRKPATRICK, Victoria resigned 2025-11-21; ARMSTRONG, Rachel Elizabeth resigned 2025-06-29; D'SOUSA-LODHI, Afshan Tania resigned 2025-07-03

🔒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 →

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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
Typeprivate-limited-guarant-nsc
Incorporated1968-02-12
Jurisdictionengland-wales
Primary SIC90010 — Performing arts

Registered office

St Ann's Square
Manchester
M2 7DH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29

Officers (7 active · 87 resigned)

FRASER, Rachel Anna
director · ~41y · appointed 2025-01-14
View their other companies + combined net worth →
Active
JOHNSON, Simon Martin
director · ~51y · appointed 2025-09-24
View their other companies + combined net worth →
Active
LOVEDAY, Alison Marie
director · ~61y · appointed 2024-12-12
View their other companies + combined net worth →
Active
MAHAPATRA, Rajeevendra Kumar
director · ~54y · appointed 2025-09-24
View their other companies + combined net worth →
Active
POWER, Benjamin James
director · ~45y · appointed 2025-09-24
View their other companies + combined net worth →
Active
STEVENS, Nick
director · ~52y · appointed 2026-02-10
View their other companies + combined net worth →
Active
TAYLOR, Joanna Katharine
director · ~55y · appointed 2023-12-14
View their other companies + combined net worth →
Active
CLAY, Andrew Paul
secretary · appointed 2007-07-27 · resigned 2010-06-28
Resigned
FREEMAN, Stephen Christopher
secretary · appointed 2020-11-04 · resigned 2025-03-28
Resigned
GASPER, Fiona Sally Garfield
secretary · appointed 2010-07-19 · resigned 2016-08-07
Resigned
JAMES, Barry Christopher
secretary · appointed 2016-08-07 · resigned 2020-11-04
Resigned
KIRKPATRICK, Victoria
secretary · appointed 2025-03-28 · resigned 2025-11-21
Resigned
WELLER, Patricia Ann
secretary · resigned 2007-07-27
Resigned
ARDITTI, Carol Ann
director · ~84y · appointed 1998-10-16 · resigned 2010-07-25
Resigned
ARMSTRONG, Rachel Elizabeth
director · ~50y · appointed 2022-08-16 · resigned 2025-06-29
Resigned
BERNSTEIN, Alexander
director · ~90y · resigned 1994-06-07
Resigned
BLACK, Tania
director · ~58y · appointed 2009-09-24 · resigned 2018-04-20
Resigned
BRAY, Warren
director · ~76y · appointed 1994-09-28 · resigned 1995-05-31
Resigned
BROGAN, Wilfred
director · ~99y · resigned 2006-07-19
Resigned
BURNS, Julian Delisle
director · ~77y · appointed 1995-05-31 · resigned 2004-05-17
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property10/03/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (294 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-26
accounts-with-accounts-type-group
accounts · AA
2026-01-05
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
appoint-person-director-company-with-name-date
officers · AP01
2025-10-29
appoint-person-director-company-with-name-date
officers · AP01
2025-10-08
termination-director-company-with-name-termination-date
officers · TM01
2025-10-02
appoint-person-director-company-with-name-date
officers · AP01
2025-09-24
termination-director-company-with-name-termination-date
officers · TM01
2025-09-01
appoint-person-director-company-with-name-date
officers · AP01
2025-08-22
termination-director-company-with-name-termination-date
officers · TM01
2025-07-24
termination-director-company-with-name-termination-date
officers · TM01
2025-07-23
termination-director-company-with-name-termination-date
officers · TM01
2025-06-30
appoint-person-secretary-company-with-name-date
officers · AP03
2025-04-08