PASSION MUSIC LIMITED

💤Zombieactive
01926762 · ltd · incorporated 1985-06-27
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 Jun 2025
Net worth
£232.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pursue
Asset-holding vehicle with a 75-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £232,382

Key financials

2 years extracted from filed iXBRL accounts
Cash
£380k
Net Worth
£232k
Current Assets
£442k
Current Liabilities
—
£0£88k£177k£265k£354k£442kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£383.7k—
Current assets£442.0k—
Cash£380.2k—
Debtors£61.8k—
Net assets£232.4k—
Average employees—300

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2021-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2003-03-06
    ➖
    WRIGHT, Nigel Alan resigned
    director
  16. 2003-02-24
    ➕
    PENDRED, Vaughan, Mr. appointed
    secretary
  17. 2003-02-24
    ➖
    MCCUTCHEON, Leslie resigned
    secretary
  18. 2002-07-19
    ➖
    SMITH, Colin resigned
    director
  19. 1993-07-01
    ➕
    SMITH, Colin appointed
    director
  20. 1992-09-14
    ➕
    MCCUTCHEON, Leslie appointed
    secretary
  21. 1992-09-14
    ➖
    UNICORN COMPANY SERVICES LIMITED resigned
    corporate-secretary
  22. 1985-06-27
    🏢
    Company incorporated
    As PASSION MUSIC LIMITED
  23. 1985-06-27
    ➕
    MCCUTCHEON, Leslie appointed
    director
  24. 1985-06-27
    ➕
    WRIGHT, Nigel Alan appointed
    director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 41 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 41 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Leslie Mccutcheon
Individual · British · DOB 07/1951 · age 75
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Typeltd
Incorporated1985-06-27
Jurisdictionengland-wales
Primary SIC90030 — Artistic creation

Registered office

The Milking Parlour Hurst Farm
Dairy Lane
Crockham Hill
Kent
TN8 6RA
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26

Officers (2 active · 4 resigned)

PENDRED, Vaughan, Mr.→
secretary · appointed 2003-02-24
View their other companies + combined net worth →
Active
MCCUTCHEON, Leslie→
director · ~75y · appointed 1985-06-27
View their other companies + combined net worth →
Active
MCCUTCHEON, Leslie→
secretary · appointed 1992-09-14 · resigned 2003-02-24
Resigned
UNICORN COMPANY SERVICES LIMITED→
corporate-secretary · resigned 1992-09-14
Resigned
SMITH, Colin→
director · ~66y · appointed 1993-07-01 · resigned 2002-07-19
Resigned
WRIGHT, Nigel Alan→
director · ~71y · appointed 1985-06-27 · resigned 2003-03-06
Resigned

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

Recent filings (107 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-26
change-person-director-company-with-change-date
officers · CH01
2025-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-24
change-person-secretary-company-with-change-date
officers · CH03
2021-06-11
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-23