CLEAR AUDIO SYSTEMS LTD

🌳Matureactive
SC144490 · ltd · incorporated 1993-05-20
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 · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Hygiene score: 82 → 62
  • · Opportunity score: 83 → 74
  • · Bankability: 67 → 57
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • ·Investment thesis: well_run_hard_buy → unclassified
  • ↓Opportunity score: 83 → 74
  • ↓Hygiene score: 82 → 62
  • ↓Bankability: 67 → 57
  • ·Distress / opportunity: avoid → exceptional
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 Dec 2024
Net worth
£17.3k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 26400
Sector: Manufacturing
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 81). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 32.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 32.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
21 officers (4 active, 21 linked, 14 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
129 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £17,325

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£17k
↑ 276% YoY
Current Assets
£32k
↓ 22% YoY
Current Liabilities
—
-£10k£407£11k£21k£31k£41kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£7.8k£19.9k
Current assets£32.4k£41.5k
Cash—£6.3k
Debtors—£5.2k
Net assets£17.3k£-9.9k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-02-23
    ➖
    HANNAH, Kenneth resigned
    director
  5. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-07
    ➕
    GILLIES, Iain Andrew appointed
    director
  7. 2023-09-07
    ➕
    HANNAH, Kenneth appointed
    director
  8. 2023-09-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-09-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-03-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2019-03-29
    🔓
    Charge satisfied #1
  16. 2018-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2018-02-19
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  18. 2017-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2016-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2014-06-02
    ➕
    MCCLOSKEY, Martin appointed
    secretary
  22. 2014-04-15
    ➖
    WATTS, Lindsay May resigned
    director
  23. 2014-03-01
    ➖
    WATTS, Lindsay May resigned
    secretary
  24. 2014-03-01
    ➖
    WHITE, Martin Gerald John resigned
    director
  25. 2012-02-01
    ➕
    MCCLOSKEY, Martin appointed
    director
  26. 2011-10-28
    ➖
    ECCLES, Michael John, Dr. resigned
    director
  27. 2011-10-27
    ➖
    ROSE, Kim William resigned
    director
  28. 2008-12-22
    ➖
    MACKLIN, Anne Marie resigned
    secretary
  29. 2008-11-14
    ➕
    MCGREGOR, Tom appointed
    director
  30. 2008-11-14
    ➕
    ECCLES, Michael John, Dr. appointed
    director
  31. 2008-11-14
    ➕
    ROSE, Kim William appointed
    director
  32. 2008-11-14
    ➕
    WHITE, Martin Gerald John appointed
    director
  33. 2008-03-14
    ➖
    DOBBIE, John Wade resigned
    secretary
  34. 2008-03-14
    ➕
    WATTS, Lindsay May appointed
    secretary
  35. 2008-03-14
    ➖
    DOBBIE, John Wade resigned
    director
  36. 2008-03-14
    ➖
    GORRILL, Mary Murray resigned
    director
  37. 2008-02-29
    ➕
    MACKLIN, Anne Marie appointed
    secretary
  38. 2008-02-29
    ➕
    WATTS, Lindsay May appointed
    director
  39. 2005-05-16
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  40. 2003-01-14
    ➕
    GORRILL, Mary Murray appointed
    director
  41. 2003-01-06
    ➖
    MORRISON, Cathel Hugh resigned
    director
  42. 2002-04-20
    ➖
    GORRILL, David Frederick resigned
    director
  43. 2001-05-18
    ➖
    MCGREGOR, Thomas resigned
    director
  44. 1997-10-29
    🔓
    Charge satisfied #2
  45. 1996-04-26
    ➕
    DOBBIE, John Wade appointed
    secretary
  46. 1996-04-26
    ➖
    MORRISON, Cathel Hugh resigned
    secretary
  47. 1995-10-18
    ➕
    DOBBIE, John Wade appointed
    director
  48. 1994-10-21
    ➖
    EADSBY-TURNER, Alan Edward resigned
    director
  49. 1993-12-21
    🔒
    Charge registered #2
    Lender: The Fife Regional Council
  50. 1993-08-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 60 events

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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 18 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-03

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Tom Mcgregor
Individual · Scottish · DOB 08/1945 · age 81
50–75%
—50-75% shares20/05/2017

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
Incorporated1993-05-20
Jurisdictionscotland
Primary SIC26400 — SIC 26400

Registered office

Unit 5, Suite 3 Lomond Business Park
Glenrothes
KY6 2PJ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-03OVERDUE
Last: 2025-05-20

Officers (4 active · 17 resigned)

MCCLOSKEY, Martin→
secretary · appointed 2014-06-02
View their other companies + combined net worth →
Active
GILLIES, Iain Andrew→
director · ~61y · appointed 2023-09-07
View their other companies + combined net worth →
Active
MCCLOSKEY, Martin→
director · ~64y · appointed 2012-02-01
View their other companies + combined net worth →
Active
MCGREGOR, Tom→
director · ~81y · appointed 2008-11-14
View their other companies + combined net worth →
Active
DOBBIE, John Wade→
secretary · appointed 1996-04-26 · resigned 2008-03-14
Resigned
MACKLIN, Anne Marie→
secretary · appointed 2008-02-29 · resigned 2008-12-22
Resigned
MORRISON, Cathel Hugh→
secretary · appointed 1993-05-20 · resigned 1996-04-26
Resigned
WATTS, Lindsay May→
secretary · appointed 2008-03-14 · resigned 2014-03-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1993-05-20 · resigned 1993-05-20
Resigned
DOBBIE, John Wade→
director · ~93y · appointed 1995-10-18 · resigned 2008-03-14
Resigned
EADSBY-TURNER, Alan Edward→
director · ~78y · appointed 1993-07-15 · resigned 1994-10-21
Resigned
ECCLES, Michael John, Dr.→
director · ~82y · appointed 2008-11-14 · resigned 2011-10-28
Resigned
GORRILL, David Frederick→
director · ~82y · appointed 1993-07-15 · resigned 2002-04-20
Resigned
GORRILL, Mary Murray→
director · ~86y · appointed 2003-01-14 · resigned 2008-03-14
Resigned
HANNAH, Kenneth→
director · ~48y · appointed 2023-09-07 · resigned 2024-02-23
Resigned
MCGREGOR, Thomas→
director · ~81y · appointed 1993-05-20 · resigned 2001-05-18
Resigned
MORRISON, Cathel Hugh→
director · ~83y · appointed 1993-07-15 · resigned 2003-01-06
Resigned
ROSE, Kim William→
director · ~64y · appointed 2008-11-14 · resigned 2011-10-27
Resigned
WATTS, Lindsay May→
director · ~50y · appointed 2008-02-29 · resigned 2014-04-15
Resigned
WHITE, Martin Gerald John→
director · ~70y · appointed 2008-11-14 · resigned 2014-03-01
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property16/05/2005—
satisfied
The Fife Regional Council
Floating charge1 property21/12/199329/10/1997
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/08/199329/03/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (129 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-27
termination-director-company-with-name-termination-date
officers · TM01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
appoint-person-director-company-with-name-date
officers · AP01
2023-09-07
appoint-person-director-company-with-name-date
officers · AP01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-27