THE ANTONINE SPORTS CENTRE

🌳Matureactive

SC144453 · private-limited-guarant-nsc-limited-exemption · incorporated 1993-05-18

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 28.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£199.7k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 86-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 86). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 28.1y

65/100

clean up first

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

· Oldest live charge is 28.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — 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, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

20 officers (7 active, 20 linked, 18 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

96 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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

Positive net assets

Net assets £199,663

Cash YoY

+31%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£161k

↑ 31% YoY

Net Worth

£200k

↑ 34% YoY

Current Assets

£189k

↑ 41% 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	£226.1k	£180.6k
Current assets	£188.9k	£134.0k
Cash	£161.1k	£122.7k
Debtors	£27.6k	£11.0k
Net assets	£199.7k	£148.8k

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

• 1 accounts
• 1 officers

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2025-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-04
➕
FAULDS, Gavin appointed
director
2024-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-04-01
➕
GORMAN, Finlay appointed
director
2021-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-07-01
➖
BRENAN, Robert resigned
director
2021-02-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-08
➖
MCCRACKEN, Ronald resigned
director
2019-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-05-07
➖
LEITH, Alexander Allan resigned
director
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-06-18
➕
MCDAID, James appointed
director
2018-01-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-22
📄
change-person-director-company-with-change-date
officers · CH01
2012-11-23
➕
BOYD, Caroline appointed
director
2012-11-23
➕
MCCRACKEN, Ronald appointed
director
2010-08-02
➖
LOGAN, David resigned
director
2007-11-20
➕
BOYD, Caroline appointed
secretary
2007-11-20
➖
WARD, David resigned
secretary
2007-10-01
➖
WARD, David resigned
director
2007-08-14
➕
LOGAN, David appointed
director
2006-12-05
➕
MCKINLAY, Gordon appointed
director
2006-11-07
➕
BRENAN, Robert appointed
director
2006-11-07
➖
GEMMILL, William Fenwick resigned
director
2004-02-17
➕
LEITH, Alexander Allan appointed
director
2001-10-16
➖
KENNEDY, Gerald O'Donnell resigned
director
1998-11-18
➖
COYLE, Mary resigned
director
1998-11-17
➕
KENNEDY, Gerald O'Donnell appointed
director
1998-07-22
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1998-03-31
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1995-12-18
➖
HUNTER, Herbert Samuel resigned
director
1995-10-24
➖
BOYCE, Michael Francis resigned
director
1995-10-24
➖
WADDELL, Alexander Melvin resigned
director
1994-11-01
➕
COYLE, Mary appointed
director
1994-11-01
➖
CRESWELL, James Elliot resigned
director
1994-11-01
➕
WARD, David appointed
director
1993-05-18
🏢
Company incorporated
As THE ANTONINE SPORTS CENTRE
1993-05-18
➕
VEITCH, Andrew appointed
director
1993-05-18
➕
WARD, David appointed
secretary
1993-05-18
➕
BOYCE, Michael Francis appointed
director
1993-05-18
➕
CRESWELL, James Elliot appointed
director
1993-05-18
➕
GEMMILL, William Fenwick appointed
director

Showing most recent 50 of 52 events

Owner dependency

65/100

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 33 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.

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 86 years old. Natural succession window is now.
primary20+ year tenure: Director in role 33 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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	14y	91	68y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	21y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	26y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→ SC016172 · est 1930 · no financials extracted	—	—	—	—	95y	83	75y
THE GLADIATOR PROGRAMME LIMITED→ SC214238 · est 2000 · no financials extracted	—	—	—	—	25y	83	74y
WESTERN LAWN TENNIS COMPANY, LIMITED→ SC012458 · est 1922	—	—	—	—	103y	83	76y

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

Incorporated1993-05-18

Jurisdictionscotland

Primary SIC93110 — Operation of sports facilities

Registered office

Roman Road

Duntocher

Clydebank

Glasgow

G81 6BT

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-01

Last: 2025-05-18