OUT OF THE DARKNESS THEATRE COMPANY

🌳Matureactive

SC140452 · private-limited-guarant-nsc-limited-exemption · incorporated 1992-09-29

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£111.4k

book net assets

Opportunity

81/100

Exceptional

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What this business does

Primary activity: Performing arts

Sector: Arts, entertainment & recreation

Investor take

Pursue

Asset-holding vehicle with a 82-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. 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

Lenders & charges

Confirmed no charges registered

Directors & officers

37 officers (6 active, 37 linked, 33 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

149 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

81/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £111,422

Cash YoY

+24%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£84k

↑ 24% YoY

Net Worth

£111k

↑ 18% YoY

Current Assets

£103k

↑ 7.7% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£114.8k	£103.1k
Current assets	£102.6k	£95.3k
Cash	£83.6k	£67.6k
Debtors	£19.1k	£27.8k
Net assets	£111.4k	£94.7k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (87 events)Click to expand

2025-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-04
➕
MUNRO, Michaela appointed
director
2024-09-04
➕
YOUNG, Jolene appointed
director
2023-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-02
➖
WILSON, Tamara Louise resigned
director
2023-03-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-27
➕
YOUNG, Lorna appointed
director
2022-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-15
➖
TEMPLETON, Anna resigned
director
2021-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
📄
memorandum-articles
incorporation · MA
2021-04-22
📄
resolution
resolution · RESOLUTIONS
2021-04-21
📄
statement-of-companys-objects
change-of-constitution · CC04
2020-11-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-23
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-10-21
➖
MILNE, Iona resigned
director
2019-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-18
➕
TEMPLETON, Anna appointed
director
2019-09-16
➖
ROLLO, Ruth Taylor resigned
director
2019-05-08
➕
MILNE, Iona appointed
director
2019-04-03
➕
WILSON, Tamara Louise appointed
director
2018-06-19
➖
ANDERSON, Norma Catherine resigned
director
2018-04-25
➕
MACMILLAN, Jamie Ian appointed
director
2018-03-11
➖
GOWANS, Patsy Anne resigned
director
2017-11-18
➖
MARQUARDT, David John resigned
director
2017-05-05
➕
GOWANS, Patsy Anne appointed
director
2017-02-28
➖
ANDERSON, Margaret Ann resigned
director
2016-09-01
➕
ANDERSON, Margaret Ann appointed
director
2015-07-29
➖
CLARK, Catherine Elizabeth resigned
director
2015-07-29
➖
FORBES, Ross Lindsay resigned
director
2014-05-22
➖
ROSS, Gillian Patricia resigned
director
2013-06-13
➖
MITCHELL, Anne Clouston resigned
secretary
2013-06-13
➖
MITCHELL, Anne Clouston resigned
director
2013-01-31
➕
ANDERSON, Norma Catherine appointed
director
2013-01-28
➕
CLARK, Catherine Elizabeth appointed
director
2011-10-27
➕
ROSS, Gillian Patricia appointed
director
2011-09-01
➕
MARQUARDT, David John appointed
director
2011-06-30
➖
SUTHERLAND, David William resigned
director
2010-06-03
➖
SMITH, James Patrick, Dr resigned
director
2009-09-14
➖
BARR, Marlyn resigned
director
2008-12-11
➕
FORBES, Ross Lindsay appointed
director
2008-10-23
➕
ROLLO, Ruth Taylor appointed
director
2008-06-18
➖
GARRETY, Frances Elizabeth resigned
director

Showing most recent 50 of 87 events

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 82 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.

See pricing →

Similar companies

Active · Leisure & entertainment · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LOCH NESS MARATHON LIMITED→ SC312511 · est 2006	£670.8k £521.7k–£819.9k	—	—	400	19y	81	62y
CALEDONIAN CONCEPTS (SCOTLAND) LIMITED→ SC310846 · est 2006	£393.3k £305.9k–£480.7k	—	—	400	19y	81	68y
DORNOCH AND DISTRICT COMMUNITY ASSOCIATION→ SC375856 · est 2010	—	—	£346.7k	—	16y	83	84y
HIGHLAND GLIDING CLUB LIMITED→ SC155807 · est 1995	—	—	£218.2k	—	31y	83	71y
ELGIN KART RACEWAY & ACTIVITY CENTRE LIMITED→ SC337383 · est 2008	—	—	£3.5k	—	18y	82	74y
APPLECROSS HISTORICAL SOCIETY→ SC208619 · est 2000	—	—	—	0	25y	81	80y
AULDEARN COMMUNITY TRUST→ SC229632 · est 2002	—	—	£69.3k	—	24y	81	82y
AULTBEA REGENERATION COMPANY→ SC352697 · est 2008 · no financials extracted	—	—	—	—	17y	81	78y
DANCE NORTH SCOTLAND C.I.C.→ SC260642 · est 2003 · no financials extracted	—	—	—	—	22y	81	73y
EILEAN BAN TRUST→ SC189729 · est 1998 · no financials extracted	—	—	—	—	27y	81	87y
GLENFINNAN STATION MUSEUM LTD→ SC310896 · est 2006	—	—	—	3	19y	81	77y
NAIRN COMMUNITY & ARTS CENTRE→ SC172235 · est 1997 · no financials extracted	—	—	—	—	29y	81	78y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1992-09-29

Jurisdictionscotland

Primary SIC90010 — Performing arts

Registered office

Out Of The Darkness Theatre Company

The Wards

Elgin

Moray

IV30 6AA

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-19

Last: 2025-10-05