AUDIO SOURCE LTD

🌳Matureactive
06444649 · ltd · incorporated 2007-12-04
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-39.9k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 2 with DOB)
76
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £39,916
Net assets shrinking
Down £99,272 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
Net Worth
-£40k
↓ 167% YoY
Current Assets
£18k
↑ 95% YoY
Current Liabilities
—
-£40k-£20k-£207£20k£40k£59kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-12.1k£28.2k
Current assets£17.7k£9.1k
Cash£9.3k—
Debtors£8.4k—
Net assets£-39.9k£59.4k

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

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-04-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-03-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2016-03-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2015-07-07
    ➕
    COOPER, Paul Maxwell appointed
    secretary
  14. 2015-07-07
    ➖
    COOPER, Victoria resigned
    secretary
  15. 2015-07-07
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2015-07-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2015-04-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2012-03-01
    ➖
    COOPER, Paul resigned
    secretary
  19. 2012-03-01
    ➕
    COOPER, Victoria appointed
    secretary
  20. 2008-01-02
    ➕
    COOPER, Paul appointed
    director
  21. 2008-01-02
    ➕
    HATTON, James appointed
    director
  22. 2008-01-02
    ➕
    COOPER, Paul appointed
    secretary
  23. 2008-01-02
    ➖
    @UKPLC CLIENT SECRETARY LTD resigned
    corporate-nominee-secretary
  24. 2008-01-02
    ➖
    @UKPLC CLIENT DIRECTOR LTD resigned
    corporate-nominee-director
  25. 2007-12-04
    🏢
    Company incorporated
    As AUDIO SOURCE LTD
  26. 2007-12-04
    ➕
    @UKPLC CLIENT SECRETARY LTD appointed
    corporate-nominee-secretary
  27. 2007-12-04
    ➕
    @UKPLC CLIENT DIRECTOR LTD appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Hatton
Individual · British · DOB 09/1984 · age 42
25–50%
—25-50% shares06/04/2016
Mr Paul Cooper
Individual · British · DOB 01/1967 · age 59
25–50%
—25-50% shares06/04/2016

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

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 →
🔒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
Incorporated2007-12-04
Jurisdictionengland-wales
Primary SIC77390 — Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Registered office

31 Mongleath Avenue
Falmouth
Cornwall
TR11 4PP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-16
Last: 2026-02-02

Officers (3 active · 4 resigned)

COOPER, Paul Maxwell→
secretary · appointed 2015-07-07
View their other companies + combined net worth →
Active
COOPER, Paul→
director · ~59y · appointed 2008-01-02
View their other companies + combined net worth →
Active
HATTON, James→
director · ~42y · appointed 2008-01-02
View their other companies + combined net worth →
Active
COOPER, Paul→
secretary · appointed 2008-01-02 · resigned 2012-03-01
Resigned
COOPER, Victoria→
secretary · appointed 2012-03-01 · resigned 2015-07-07
Resigned
@UKPLC CLIENT SECRETARY LTD→
corporate-nominee-secretary · appointed 2007-12-04 · resigned 2008-01-02
Resigned
@UKPLC CLIENT DIRECTOR LTD→
corporate-nominee-director · appointed 2007-12-04 · resigned 2008-01-02
Resigned

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

Recent filings (53 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-14