SMILETIME LIMITED

🌳Matureactive
03915940 · ltd · incorporated 2000-01-28
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. 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 (73/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 26.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 3 with DOB)
75
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees7700

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-02-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-02-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-10-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-10-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-04
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2017-08-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2017-08-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2017-08-01
    ➖
    HICKS, Andrea Louise resigned
    secretary
  18. 2017-08-01
    ➖
    SHACKLETON, Philippa Naylor resigned
    director
  19. 2016-06-24
    ➕
    SILVER, Tina Louise appointed
    director
  20. 2013-04-24
    ➕
    HICKS, Andrea Louise appointed
    secretary
  21. 2013-04-24
    ➖
    TAYLOR, Shaun Timothy resigned
    secretary
  22. 2011-12-19
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  23. 2011-06-30
    ➖
    CATTON, Stephen Frank resigned
    secretary
  24. 2011-06-30
    ➕
    TAYLOR, Shaun Timothy appointed
    secretary
  25. 2006-03-08
    🔓
    Charge satisfied #2
  26. 2006-03-08
    🔓
    Charge satisfied #1
  27. 2006-03-02
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  28. 2005-02-24
    ➕
    SHACKLETON, Philippa Naylor appointed
    director
  29. 2003-10-17
    ➕
    CATTON, Stephen Frank appointed
    secretary
  30. 2003-10-17
    ➖
    SHACKLETON, Philippa Naylor resigned
    secretary
  31. 2003-06-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Canada Trust Company (Jersey) Limited
  32. 2003-05-31
    ➖
    DAVIES, Andrew resigned
    secretary
  33. 2003-05-31
    ➕
    SHACKLETON, Philippa Naylor appointed
    secretary
  34. 2002-03-31
    ➕
    DAVIES, Andrew appointed
    secretary
  35. 2002-03-31
    ➖
    NAYLOR, Morag Elizabeth Debbie resigned
    secretary
  36. 2000-02-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 2000-01-28
    🏢
    Company incorporated
    As SMILETIME LIMITED
  38. 2000-01-28
    ➕
    SILVER, Mark Simon appointed
    director
  39. 2000-01-28
    ➕
    NAYLOR, Morag Elizabeth Debbie appointed
    secretary
  40. 2000-01-28
    ➕
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  41. 2000-01-28
    ➖
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  42. 2000-01-28
    ➕
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director
  43. 2000-01-28
    ➖
    YORK PLACE COMPANY NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

1 med ·
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.

Group structure

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

🏛️
Acad Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SMILETIME LIMITED
This company · 03915940

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
Acad Holdings Limited
Corporate entity
75–100%
—75-100% shares06/04/2016
2 historic (ceased) PSCs
  • Mrs Tina Louise Silverceased 24/06/2016· significant influence
  • Mr Mark Simon Silverceased 06/04/2016· 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 →

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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
Typeltd
Incorporated2000-01-28
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

Beckwith Health Club Central House
Otley Road
Harrogate
HG3 1UF
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (2 active · 9 resigned)

SILVER, Mark Simon→
director · ~66y · appointed 2000-01-28
View their other companies + combined net worth →
Active
SILVER, Tina Louise→
director · ~60y · appointed 2016-06-24
View their other companies + combined net worth →
Active
CATTON, Stephen Frank→
secretary · appointed 2003-10-17 · resigned 2011-06-30
Resigned
DAVIES, Andrew→
secretary · appointed 2002-03-31 · resigned 2003-05-31
Resigned
HICKS, Andrea Louise→
secretary · appointed 2013-04-24 · resigned 2017-08-01
Resigned
NAYLOR, Morag Elizabeth Debbie→
secretary · appointed 2000-01-28 · resigned 2002-03-31
Resigned
SHACKLETON, Philippa Naylor→
secretary · appointed 2003-05-31 · resigned 2003-10-17
Resigned
TAYLOR, Shaun Timothy→
secretary · appointed 2011-06-30 · resigned 2013-04-24
Resigned
YORK PLACE COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2000-01-28 · resigned 2000-01-28
Resigned
SHACKLETON, Philippa Naylor→
director · ~63y · appointed 2005-02-24 · resigned 2017-08-01
Resigned
YORK PLACE COMPANY NOMINEES LIMITED→
corporate-nominee-director · appointed 2000-01-28 · resigned 2000-01-28
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Debenture1 property19/12/2011—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property02/03/2006—
satisfied
The Royal Bank of Canada Trust Company (Jersey)
The Royal Bank of Canada Trust Company (Jersey) Limited
Debenture1 property16/06/200308/03/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property16/02/200008/03/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-28
change-person-director-company-with-change-date
officers · CH01
2025-10-07
change-person-director-company-with-change-date
officers · CH01
2025-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-12