ATLANTIC AUDIO LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 24.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £48.5k | £55.8k |
| Current assets | £28.7k | £6.9k |
| Net assets | £10.0k | £-49 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (27 events)Click to expand
- 2026-03-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-04-20🔓Charge satisfied #1
- 2004-02-05🔒Charge registered #3Lender: Rdm Factors Limited
- 2003-09-23🔒Charge registered #2Lender: Hsbc Bank PLC
- 2002-07-06🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 1997-06-12🏢Company incorporatedAs ATLANTIC AUDIO LIMITED
- 1997-06-12➕DOMINEY, Rhoda Louise Margaret appointedsecretary
- 1997-06-12➕DOMINEY, Rhoda Louise Margaret appointeddirector
- 1997-06-12➕SAY, Nigel Philip appointeddirector
- 1997-06-12➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1997-06-12➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1997-06-12➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 1997-06-12➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Rhoda Louise Margaret Dominey Individual · British · DOB 04/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Nigel Philip Say Individual · British · DOB 01/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Rdm Factors Rdm Factors Limited | All assets debenture | 1 property | 05/02/2004 | — | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 23/09/2003 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 06/07/2002 | 20/04/2004 |