HOLBURN HI-FI LIMITED

🌳Matureactive
SC053881 · ltd · incorporated 1973-08-27
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 47.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£1.05M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Retail sale of audio and video equipment in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 47.5y

50/100
clean up first

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

  • · Oldest live charge is 47.5 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: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
142 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,052,241
Cash YoY
+5127%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£575
↑ 5127% YoY
Net Worth
£1.1m
↑ 6.2% YoY
Current Assets
£1.5m
↑ 3.5% YoY
Current Liabilities
£0£294k£589k£883k£1.2m£1.5mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£1.06M£1.01M
Current assets£1.47M£1.42M
Cash£575£11
Debtors£828.5k£732.7k
Net assets£1.05M£991.1k

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

🔒Filing-note intelligence

2 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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-04-18
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-21
    WHYTE, Alan Mcalpine resigned
    director
  8. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-08-12
    KELLY, Mary resigned
    director
  11. 2022-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-12-20
    ROSS, Elliot Wallace resigned
    director
  14. 2021-10-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2021-06-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2021-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2020-10-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  18. 2020-10-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2020-04-03
    WHYTE, Alan Mcalpine appointed
    director
  22. 2019-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2019-08-10
    KELLY, Kevin James appointed
    director
  24. 2018-06-05
    ROSS, Sheila Kerr, Dr resigned
    secretary
  25. 2018-06-05
    ROSS, Sheila Kerr, Dr resigned
    director
  26. 2014-10-31
    ROSS, Peter Angus resigned
    director
  27. 2009-08-10
    KELLY, Mary appointed
    director
  28. 2005-12-07
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  29. 2002-11-28
    🔓
    Charge satisfied #2
  30. 2002-11-28
    🔓
    Charge satisfied #1
  31. 2002-10-29
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  32. 2002-08-29
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  33. 1998-07-31
    LEPORT, Ian George appointed
    director
  34. 1998-07-31
    TURNER, Jonathan Francis Andrew appointed
    director
  35. 1998-07-31
    PEASTON, Brian Kenneth resigned
    secretary
  36. 1998-07-31
    ROSS, Sheila Kerr, Dr appointed
    secretary
  37. 1998-07-31
    HUNTER, Ian James resigned
    director
  38. 1998-07-31
    PEASTON, Brian Kenneth resigned
    director
  39. 1998-07-31
    ROSS, Elliot Wallace appointed
    director
  40. 1998-07-31
    ROSS, Peter Angus appointed
    director
  41. 1998-07-31
    ROSS, Sheila Kerr, Dr appointed
    director
  42. 1994-06-21
    🔓
    Charge satisfied #3
  43. 1984-06-04
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  44. 1980-03-24
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  45. 1978-11-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  46. 1973-08-27
    🏢
    Company incorporated
    As HOLBURN HI-FI LIMITED

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 53 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Francis Andrew Turner
Individual · British · DOB 05/1977 · age 49
75100%
75-100% shares06/04/2016
1 historic (ceased) PSC
  • Mrs Elliot Wallace Rossceased 21/03/2024· 25-50% shares

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1973-08-27
Jurisdictionscotland
Primary SIC47430 — Retail sale of audio and video equipment in specialised stores

Registered office

441 Holburn Street
Aberdeen
AB10 7GU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-26
Last: 2026-04-12

Officers (3 active · 9 resigned)

KELLY, Kevin James
director · ~66y · appointed 2019-08-10
View their other companies + combined net worth →
Active
LEPORT, Ian George
director · ~71y · appointed 1998-07-31
View their other companies + combined net worth →
Active
TURNER, Jonathan Francis Andrew
director · ~49y · appointed 1998-07-31
View their other companies + combined net worth →
Active
PEASTON, Brian Kenneth
secretary · resigned 1998-07-31
Resigned
ROSS, Sheila Kerr, Dr
secretary · appointed 1998-07-31 · resigned 2018-06-05
Resigned
HUNTER, Ian James
director · ~86y · resigned 1998-07-31
Resigned
KELLY, Mary
director · ~83y · appointed 2009-08-10 · resigned 2023-08-12
Resigned
PEASTON, Brian Kenneth
director · ~88y · resigned 1998-07-31
Resigned
ROSS, Elliot Wallace
director · ~90y · appointed 1998-07-31 · resigned 2022-12-20
Resigned
ROSS, Peter Angus
director · ~90y · appointed 1998-07-31 · resigned 2014-10-31
Resigned
ROSS, Sheila Kerr, Dr
director · ~83y · appointed 1998-07-31 · resigned 2018-06-05
Resigned
WHYTE, Alan Mcalpine
director · ~44y · appointed 2020-04-03 · resigned 2023-08-21
Resigned

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

Mortgages & charges

6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/12/2005
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/10/2002
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/08/2002
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/06/198421/06/1994
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/03/198028/11/2002
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/11/197828/11/2002
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (142 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-19
resolution
resolution · RESOLUTIONS
2024-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
termination-director-company-with-name-termination-date
officers · TM01
2022-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-16