COBB RIDDLE AND SPALL MUSIC THEATRE CIC

🌿Early-stageactive
14145262 · private-limited-guarant-nsc · incorporated 2022-06-01
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
£-13.3k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 70/100. 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 -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (71/100)

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
5 officers (4 active, 5 linked, 5 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
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 · FRS 102
Negative net assets
Liabilities exceed assets by £13,291
Very low cash
Cash position: £96
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£96
↓ 99% YoY
Net Worth
-£13k
↓ 74% YoY
Current Assets
£96
↓ 99% YoY
Current Liabilities
—
-£13k-£9k-£5k-£869£3k£7kMar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-03-312025-03-31
Total assets£96£-2
Current assets£96£7.4k
Cash£96£7.4k
Net assets£-13.3k£-7.6k

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 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-10-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-09-01
    ➖
    SCOTT, Matthew Stuart resigned
    director
  8. 2023-05-02
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2022-10-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-10-11
    ➕
    KEENE, Frances Anne appointed
    director
  11. 2022-06-01
    🏢
    Company incorporated
    As COBB RIDDLE AND SPALL MUSIC THEATRE CIC
  12. 2022-06-01
    ➕
    RADCLIFFE, Lucetta Marina Teresa appointed
    director
  13. 2022-06-01
    ➕
    STOTT, Alison Mary appointed
    director
  14. 2022-06-01
    ➕
    STOTT, Mark Tristram appointed
    director
  15. 2022-06-01
    ➕
    SCOTT, Matthew Stuart appointed
    director
  16. 2022-06-01
    📄
    incorporation-community-interest-company
    incorporation · CICINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +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

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.

Red flags

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

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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COPPICE THEATRE LTD→
16947106 · est 2026 · no financials extracted
———————
CORNISH ART EMPORIUM LTD→
16314925 · est 2025 · no financials extracted
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CORNISH ATHLETIC PERFORMANCE LTD→
13434018 · est 2021 · no financials extracted
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CORNISH CYCLE TOURS LIMITED→
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————15y——
CORNISH GLASS ART LIMITED→
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————5y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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.

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Company details

Statusactive
Typeprivate-limited-guarant-nsc
Incorporated2022-06-01
Jurisdictionengland-wales
Primary SIC90010 — Performing arts

Registered office

12 Spernen Wyn Road
Falmouth
TR11 4EH
England

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-06-14
Last: 2026-05-31

Officers (4 active · 1 resigned)

KEENE, Frances Anne→
director · ~55y · appointed 2022-10-11
View their other companies + combined net worth →
Active
RADCLIFFE, Lucetta Marina Teresa→
director · ~58y · appointed 2022-06-01
View their other companies + combined net worth →
Active
STOTT, Alison Mary→
director · ~66y · appointed 2022-06-01
View their other companies + combined net worth →
Active
STOTT, Mark Tristram→
director · ~66y · appointed 2022-06-01
View their other companies + combined net worth →
Active
SCOTT, Matthew Stuart→
director · ~56y · appointed 2022-06-01 · resigned 2023-09-01
Resigned

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-21
change-person-director-company-with-change-date
officers · CH01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-03
termination-director-company-with-name-termination-date
officers · TM01
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-05-02
appoint-person-director-company-with-name-date
officers · AP01
2022-10-20
incorporation-community-interest-company
incorporation · CICINC
2022-06-01