ADVOCATE ART LIMITED

🌳Matureactive
02964790 · ltd · incorporated 1994-09-05
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 22.1y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£56.1k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.1y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 22.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £56,081
Cash YoY
+322%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£279k
↑ 322% YoY
Net Worth
£56k
↑ 22% YoY
Current Assets
£807k
↑ 18% YoY
Current Liabilities
£0£161k£323k£484k£646k£807kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£56.1k£45.9k
Current assets£807.0k£681.2k
Cash£278.9k£66.1k
Debtors£528.1k£615.1k
Net assets£56.1k£45.9k

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
4
filings
  • 3 persons-with-significant-control
  • 1 confirmation-statement
Last 90 days
4
filings
  • 3 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
4
filings
  • 3 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-06-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-06-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2026-06-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-09-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-09-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-05-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-08-24
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  18. 2018-06-12
    🔓
    Charge satisfied #1
  19. 2018-04-25
    BURNS, Caroline Esther appointed
    director
  20. 2014-05-30
    🔓
    Charge satisfied #2
  21. 2012-05-28
    BURNS, Caroline Esther resigned
    secretary
  22. 2006-10-04
    🔒
    Charge registered #2
    Lender: Rbs If Limited
  23. 2004-04-29
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  24. 2001-09-01
    BURNS, Caroline Esther appointed
    secretary
  25. 2001-09-01
    BURNS, Lucia Imogen resigned
    secretary
  26. 1994-09-05
    🏢
    Company incorporated
    As ADVOCATE ART LIMITED
  27. 1994-09-05
    BURNS, Edward Michael appointed
    director
  28. 1994-09-05
    BURNS, Lucia Imogen appointed
    secretary
  29. 1994-09-05
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  30. 1994-09-05
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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.)

Group structure

Vendetta Arts Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Vendetta Arts Limited
Corporate parent · holds 75-100% shares
ultimate parent
ADVOCATE ART LIMITED
This company · 02964790

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Vendetta Arts Limited
Corporate entity
75100%
75-100% shares17/12/2025
2 historic (ceased) PSCs
  • Mrs Caroline Esther Burnsceased 17/12/2025· 25-50% shares · 25-50% voting
  • Mr Edward Michael Burnsceased 17/12/2025· 25-50% shares · 25-50% voting

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 →

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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
Typeltd
Incorporated1994-09-05
Jurisdictionengland-wales
Primary SIC90030 — Artistic creation

Registered office

27 Old Gloucester Street
London
WC1N 3AX
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-06-19
Last: 2026-06-05

Officers (2 active · 3 resigned)

BURNS, Caroline Esther
director · ~54y · appointed 2018-04-25
View their other companies + combined net worth →
Active
BURNS, Edward Michael
director · ~58y · appointed 1994-09-05
View their other companies + combined net worth →
Active
BURNS, Caroline Esther
secretary · appointed 2001-09-01 · resigned 2012-05-28
Resigned
BURNS, Lucia Imogen
secretary · appointed 1994-09-05 · resigned 2001-09-01
Resigned
SWIFT INCORPORATIONS LIMITED
corporate-nominee-secretary · appointed 1994-09-05 · resigned 1994-09-05
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
NatWest Group
Rbs If Limited
Fixed and floating charge1 property04/10/200630/05/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property29/04/200412/06/2018

Recent filings (93 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
change-person-director-company-with-change-date
officers · CH01
2023-05-17
change-person-director-company-with-change-date
officers · CH01
2023-05-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-15