THE ROUNDHOUSE TRUST

🌳Matureactive

03572184 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-05-29

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Why now

Window closing · high confidence

Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.

· Hygiene score: 47 → 67
· Opportunity score: 72 → 79
· Bankability: 47 → 57

Opportunity decay

hardening · 6-months

Hardening — profile is tightening. If you want to act, do it before the window closes further.

· 3 recent signals strengthening vs 0 weakening

What changed my view

Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

↑Opportunity score: 72 → 79
↑Hygiene score: 47 → 67
↑Bankability: 47 → 57

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Operation of arts facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 23.3y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.3 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: low (49/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

100 officers (17 active, 100 linked, 97 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

287 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 3 officers
• 1 confirmation-statement

Last 90 days

filings

• 8 officers
• 1 confirmation-statement

Last 180 days

filings

• 8 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (211 events)Click to expand

2026-07-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-07-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-07-06
➖
ETIENNE, Johnson resigned
director
2026-06-24
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-06-05
📄
change-person-director-company-with-change-date
officers · CH01
2026-06-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-06-01
➕
MOLLICA, Jennifer Diane appointed
director
2026-06-01
➖
DAVEY, Marcus John resigned
director
2025-12-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-08
➕
BROWN, Tanya Dennett appointed
director
2025-12-08
➕
COTTRELL, Asher appointed
director
2025-12-08
➖
GUJRA, Roshan Singh resigned
director
2025-12-08
➖
KAZMEIER, Antonia resigned
director
2025-12-08
➖
MUNROE, Monique resigned
director
2025-11-17
➕
ARMITAGE, Emmeline Olivia appointed
director
2025-11-12
📄
accounts-with-accounts-type-group
accounts · AA
2025-03-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-12
➕
KASSAI, Maria Florencia appointed
director
2025-02-12
➕
MANN, Natasha Phylis Mary appointed
director
2025-02-12
➕
O'HARE, Kevin Patrick appointed
director
2024-12-24
📄
accounts-with-accounts-type-group
accounts · AA
2024-12-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-27
➖
ADESOYE, Ademilolaoluwa Asriel resigned
director
2024-11-27
➖
ALLOTT, Nicholas David resigned
director
2024-11-27
➖
BELLAN-WHITE, Nadja resigned
director
2024-11-27
➕
GUJRA, Roshan Singh appointed
director
2024-11-27
➖
JUMA, Kenya resigned
director
2024-11-27
➖
KAI, Ra’Eesah resigned
director
2024-11-27
➕
KAZMEIER, Antonia appointed
director
2024-11-27
➕
MUNROE, Monique appointed
director
2024-11-27
➖
NAIK, Rajay Deepak resigned
director
2023-10-04
➕
ADESOYE, Ademilolaoluwa Asriel appointed
director
2023-10-04
➖
BINGHAM, Chloe resigned
director
2023-10-04
➖
JEMIDE, Oriana resigned
director
2023-10-04
➕
JUMA, Kenya appointed
director
2023-10-04
➕
KAI, Ra’Eesah appointed
director
2023-05-02
➖
ADEPITAN, Adedoyin Olayiwola resigned
director

Showing most recent 50 of 211 events

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

-16 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

5 director resignations in last 12 months

medium

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

Evidence: DAVEY, Marcus John resigned 2026-06-01; ETIENNE, Johnson resigned 2026-07-06; GUJRA, Roshan Singh resigned 2025-12-08

🔒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 · Leisure & entertainment · NW postcode area

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ALTURAS PRODUCTIONS LTD→ 12536023 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
AMAZONIA MUSIC THEATRE COMPANY LIMITED→ 13046213 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
AMF COLLECTIVE LIMITED→ 14025023 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AMPLIFIED ENTERTAINMENT LIMITED→ 16948183 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AMS DESIGN STUDIO LIMITED→ 07630500 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ANDREW KHATOULI LTD→ 13996687 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
ANDY MACKAY SONGS LIMITED→ 01344399 · est 1977 · no financials extracted	—	—	—	—	48y	—	—
ANDY RALPH LTD→ 07745695 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ANGELA SHANLEY ASSOCIATES LIMITED→ 01402588 · est 1978 · no financials extracted	—	—	—	—	47y	—	—
ANNVILLE LIMITED→ 01696682 · est 1983 · no financials extracted	—	—	—	—	43y	—	—
AOTF EVENTS LIMITED→ 15763860 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AP EVERAFTER LTD→ 10694097 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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-limited-exemption

Incorporated1998-05-29

Jurisdictionengland-wales

Primary SIC90040 — Operation of arts facilities

Registered office

Roundhouse

Chalk Farm Road

London

NW1 8EH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-06-05

Last: 2026-05-22