JOHN CODONA'S PLEASURE FAIRS LIMITED

📉Decliningactive

SC022655 · ltd · incorporated 1944-01-20

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

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Turnover

£7.30M

year to Jan 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Operation of historical sites and buildings and similar visitor attractions

Sector: Arts, entertainment & recreation

ALSO REGISTERED FOR

93290Other amusement and recreation activities n.e.c.

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 32.5y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 32.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

11 officers (8 active, 11 linked, 10 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

129 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £36,412

Turnover YoY

-1%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31	2024-01-31
Turnover	£7.30M	£7.40M
Gross profit	£6.42M	£6.37M
Operating profit	£38.3k	£396.3k
Profit before tax	£36.4k	£411.2k
Average employees	20400	20700

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-10-10
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-31
📄
accounts-with-accounts-type-full
accounts · AA
2023-10-25
📄
accounts-with-accounts-type-full
accounts · AA
2023-09-26
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-26
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-09-26
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-10
➕
CODONA, Jack appointed
director
2023-01-30
📄
accounts-with-accounts-type-full
accounts · AA
2022-02-02
📄
accounts-with-accounts-type-full
accounts · AA
2021-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-04
🔓
Charge satisfied #3
2019-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-08-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-18
📄
change-person-director-company-with-change-date
officers · CH01
2017-09-15
📄
accounts-with-accounts-type-small
accounts · AA
2004-11-15
➖
CODONA, Emily resigned
director
2003-09-30
🔒
Charge registered #3
Lender: Barclays Bank PLC
1998-07-08
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1997-01-31
➕
CODONA, Alfred James appointed
director
1997-01-31
➕
CODONA, Andrea appointed
director
1997-01-31
➕
CODONA, Nancy appointed
director
1997-01-31
➕
CODONA JNR, Alan John appointed
director
1997-01-31
➕
HOPKINS, Marissa Ann appointed
director
1997-01-31
➖
CODONA, Barry Peter resigned
director
1995-01-30
➖
CODONA, Alfred Bernard resigned
director
1993-10-22
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1944-01-20
🏢
Company incorporated
As JOHN CODONA'S PLEASURE FAIRS LIMITED

Owner dependency

88/100

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

-7 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "CODONA" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

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

SIGNALS

primaryFamily succession underway: Not a takeover target — CODONA, Jack (same surname) appointed 2023-08-10. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
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.)

🔒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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Similar companies

Active · Leisure & entertainment · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BANKS O'DEE SPORTS CLUB LIMITED→ SC175110 · est 1997 · no financials extracted	—	—	—	—	28y	83	79y
CLATT AULD KIRK→ SC161856 · est 1995 · no financials extracted	—	—	—	—	30y	83	71y
DEESIDE GLIDING CLUB (ABERDEENSHIRE) LIMITED→ SC034867 · est 1960	—	—	£755.2k	—	66y	83	77y
GLENSHEE LIMITED→ SC269348 · est 2004	—	—	£625.3k	—	21y	83	71y
KEITH FOOTBALL CLUB LTD.→ SC271946 · est 2004	—	—	—	0	21y	83	71y
PEACOCK VISUAL ARTS LIMITED→ SC056235 · est 1974 · no financials extracted	—	—	—	—	51y	83	80y
PETERHEAD FOOTBALL CLUB LIMITED→ SC146014 · est 1993 · no financials extracted	—	—	—	—	32y	83	78y
THE KEITH & DISTRICT SPORTS TRUST→ SC141101 · est 1992 · no financials extracted	—	—	—	—	33y	83	81y
ARDOYNE PERFORMANCE LIMITED→ SC308365 · est 2006	—	—	—	0	19y	82	63y
SAR FUNCTIONAL FITNESS LIMITED→ SC840707 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
SKINNY PINK HIPPO LIMITED→ SC802223 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
TRIPLE D PROMOTIONS LTD→ SC835435 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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

Typeltd

Incorporated1944-01-20

Jurisdictionscotland

Primary SIC91030 — Operation of historical sites and buildings and similar visitor attractions

Registered office

Amusement Park

Beach Boulevard

Aberdeen

AB24 5ED

United Kingdom

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-10-10

Last: 2025-09-26