AUDIOSERV LIMITED
- · Thesis: well-run, low negotiation leverage
- 33200SIC 33200
- 71122Engineering related scientific and technical consulting activities
- 77291Renting and leasing of media entertainment equipment
Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -52% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
1 live charge · oldest 4.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (77/100)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 · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £369.7k | £381.7k |
| Current assets | £116.4k | £149.8k |
| Cash | £24.7k | £51.3k |
| Debtors | £45.5k | £61.4k |
| Net assets | £239.2k | £240.5k |
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
Corporate timeline (29 events)Click to expand
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-06📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-23🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2021-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-10-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-10-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-10-31➕SPRINGHAM, Marianne appointeddirector
- 2006-01-01➕SPRINGHAM, Marianne appointedsecretary
- 2006-01-01➖ROLLINSON, Peter Bruce resignedsecretary
- 2006-01-01➖MOSSADEGHI, Teymour John resigneddirector
- 2004-09-01🏢Company incorporatedAs AUDIOSERV LIMITED
- 2004-09-01➕ROLLINSON, Peter Bruce appointeddirector
- 2004-09-01➕ROLLINSON, Peter Bruce appointedsecretary
- 2004-09-01➕MOSSADEGHI, Teymour John appointeddirector
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 22 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 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 |
|---|---|---|---|---|
Ms Marianne Springham Individual · British · DOB 03/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/10/2017 |
Mr Peter Bruce Rollinson Individual · British · DOB 07/1978 · age 48 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 07/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 23/07/2021 | — |