AUDIENCE SYSTEMS LIMITED

🌳Matureactive

01043134 · ltd · incorporated 1972-02-21

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£5.36M

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: Manufacture of other furniture

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 70). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

13 live charges · 4 lenders · oldest 48.3y

15/100

under pressure

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

· Oldest live charge is 48.3 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

37 officers (5 active, 37 linked, 26 with DOB)

Ownership & PSC

4 active PSC(s) of 6 total, 6 with control declared

Director network

1 connected companies via shared directors

Filing history

221 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £5,355,918

Cash YoY

-40%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£721k

↓ 40% YoY

Net Worth

£5.4m

↑ 12% YoY

Current Assets

£6.9m

↓ 7.4% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£5.51M	£4.80M
Current assets	£6.94M	£7.49M
Cash	£721.0k	£1.20M
Debtors	£4.79M	£4.92M
Net assets	£5.36M	£4.80M

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

filings

Last 90 days

filing

• 1 persons-with-significant-control

Last 180 days

filings

• 2 officers
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (102 events)Click to expand

2026-05-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-01
➕
SUTTON, Keiko appointed
director
2026-02-01
➖
FUKASAWA, Shigeyuki resigned
director
2025-09-24
📄
accounts-with-accounts-type-group
accounts · AA
2024-09-19
📄
accounts-with-accounts-type-group
accounts · AA
2024-01-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-28
📄
accounts-with-accounts-type-group
accounts · AA
2023-06-01
➕
JINZA, Hiroshi appointed
director
2023-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-31
➕
FUKASAWA, Shigeyuki appointed
director
2023-05-31
➖
FUKASAWA, Shigeyuki resigned
director
2023-05-31
➖
OKAZAKI, Ryuzo resigned
director
2023-01-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-01
➖
RITSON, Keith David resigned
director
2022-10-04
📄
accounts-with-accounts-type-group
accounts · AA
2022-01-25
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-25
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-25
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-01-01
➕
OKAZAKI, Ryuzo appointed
director
2021-07-19
📄
accounts-with-accounts-type-group
accounts · AA
2019-01-07
➕
EDGEWORTH, Steven James appointed
director
2017-12-15
➖
RYONO, Jun resigned
director
2017-04-12
➖
YOSHIMORI, Akira resigned
director
2016-12-13
➕
EDGEWORTH, Steven appointed
secretary
2016-12-13
➖
TUCKER, Jane Elizabeth resigned
secretary
2014-09-01
➕
PILLINGER, Gary appointed
director
2014-09-01
➕
RYONO, Jun appointed
director
2012-10-31
➖
COWLEY, Mark Graham resigned
director
2012-02-01
➕
TUCKER, Jane Elizabeth appointed
secretary
2011-06-01
➖
VOOGHT, Katie Elizabeth resigned
secretary
2011-01-11
🔒
Charge registered #13
Lender: Barclays Bank PLC
2009-04-27
➕
VOOGHT, Katie Elizabeth appointed
secretary
2009-03-31
➖
HOSKIN, Clive Anthony resigned
secretary
2008-10-31
➖
TOTANI, Motohiko resigned
director
2008-10-31
➕
YOSHIMORI, Akira appointed
director
2007-04-01
➕
HOSKIN, Clive Anthony appointed
secretary
2007-03-31
➖
HIROTANI, Katsuhiko resigned
secretary
2006-06-09
➖
KOIDE, Kiyotsugu resigned
director
2006-06-09
➖
NODA, Junichi resigned
director
2006-02-01
➕
TOTANI, Motohiko appointed
director
2005-12-31
➖
JENKINS, John Eryl resigned
director
2005-11-01
➕
RITSON, Keith David appointed
director
2005-05-23
➕
KOIDE, Kiyotsugu appointed
director

Showing most recent 50 of 102 events

Owner dependency

55/100

Moderate — manageable with handover

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

7 live charges

low

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

Shareholders & ownership

4 active beneficial owners · dominant holder ≥75% · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Mr Shigeyuki Fukasawa Individual · Japanese · DOB 05/1941 · age 85	75–100%	—	sig. influence75-100% shares · significant influence · firm interest	06/04/2016
Mrs Keiko Sutton Individual · American,Japanese · DOB 09/1978 · age 48	25–50%	—	25-50% shares · firm interest	06/04/2016
Mr Kota Fukasawa Individual · Japanese · DOB 08/1973 · age 53	25–50%	—	25-50% shares · firm interest	06/04/2016
Mr Gary Pillinger Individual · British · DOB 04/1969 · age 57	—	—	sig. influencesignificant influence	06/04/2016

2 historic (ceased) PSCs

Mr Keith Ritsonceased 30/11/2022· significant influence
Mr Akira Yoshimoriceased 12/04/2017· significant influence

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

🔒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 →

Similar companies

Active · Manufacturing · BA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ANTIQUE STAINED GLASS LTD→ 13182761 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
APOTHEKE PERFUME LTD→ 12712421 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ARABIAN NUBIAN MINING LIMITED→ 13135712 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ARBORETUM LTD→ 15191011 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ARBORTECH PLANTING PRODUCTS LIMITED→ 12477898 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
ARCHITECTURAL MOULD SERVICES LIMITED→ 03922464 · est 2000 · no financials extracted	—	—	—	—	26y	—	—
ASPECT CARPENTRY LTD→ 10783883 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ASTROSCENT LTD→ 11837768 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
ATUM STONE LTD→ 12811854 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AUDIENCE UPHOLSTERY LTD→ 10741735 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
AURIGA SPACE LTD→ 11727205 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
AUTOCHECK LIMITED→ 02863545 · est 1993 · no financials extracted	—	—	—	—	32y	—	—

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

Typeltd

Incorporated1972-02-21

Jurisdictionengland-wales

Primary SIC31090 — Manufacture of other furniture

Registered office

19b Washington Road

West Wilts Trading Estate

Westbury

Wiltshire

BA13 4JP

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-13

Last: 2025-12-30