AUDIO RELATED TECHNOLOGY LIMITED
- · Oldest live charge 26.4y old — refinance window within 12 months
- 62090Other information technology service activities
Opportunity 50/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
1 live charge · oldest 26.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 26.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
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 | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £50.0k | £39.3k |
| Current assets | £137.8k | £130.7k |
| Cash | £70.2k | £55.9k |
| Debtors | £44.8k | £47.6k |
| Net assets | £39.8k | £25.0k |
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
- • 3 insolvency
- • 1 address
- • 1 resolution
- • 3 insolvency
- • 1 address
- • 1 resolution
- • 3 insolvency
- • 1 address
- • 1 resolution
Corporate timeline (30 events)Click to expand
- 2026-06-26⚠️liquidation-disclaimer-noticeinsolvency · NDISC
- 2026-06-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-06-25⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-06-25⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-06-25📄resolutionresolution · RESOLUTIONS
- 2025-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-10-08➖CRIMMINS, Duncan resignedsecretary
- 2025-10-08➖CRIMMINS, Duncan resigneddirector
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2003-02-28➖HARRIS, Murray resigneddirector
- 2000-03-10🔒Charge registered #1Lender: National Westminster Bank PLC
- 2000-02-01🏢Company incorporatedAs AUDIO RELATED TECHNOLOGY LIMITED
- 2000-02-01➕GRIFFETT, Simon John appointeddirector
- 2000-02-01➕CRIMMINS, Duncan appointedsecretary
- 2000-02-01➕BRITANNIA COMPANY FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 2000-02-01➖BRITANNIA COMPANY FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 2000-02-01➕CRIMMINS, Duncan appointeddirector
- 2000-02-01➕HARRIS, Murray appointeddirector
- 2000-02-01➕DEANSGATE COMPANY FORMATIONS LIMITED appointedcorporate-nominee-director
- 2000-02-01➖DEANSGATE COMPANY FORMATIONS LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
2 high · 1 med ·Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-06-26: liquidation-disclaimer-notice; 2026-06-25: liquidation-voluntary-statement-of-affairs
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CRIMMINS, Duncan resigned 2025-10-08; CRIMMINS, Duncan resigned 2025-10-08
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Duncan Crimmins Individual · British · DOB 01/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Simon John Griffett Individual · British · DOB 06/1964 · age 62 | 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.
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10 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 (1 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 10/03/2000 | — |