LUDUS BAROQUE

🌳Matureactive
SC166115 · private-limited-guarant-nsc-limited-exemption · incorporated 1996-06-06
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. Strong seller-intent signal (78/100, director aged 70). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
19 officers (2 active, 19 linked, 16 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

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 (55 events)Click to expand
  1. 2025-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2019-06-30
    ➕
    HAHN, Caroline appointed
    director
  9. 2019-06-30
    ➖
    SMAILL, Peter Menzies resigned
    secretary
  10. 2019-06-30
    ➖
    ANDREW, Hugh resigned
    director
  11. 2019-06-30
    ➖
    MUMFORD, Colin John, Dr resigned
    director
  12. 2019-06-30
    ➖
    NICKALLS, Susan Kay resigned
    director
  13. 2019-06-30
    ➖
    SLATER, Ruth, Dr resigned
    director
  14. 2019-06-30
    ➖
    SMAILL, Peter Menzies resigned
    director
  15. 2019-06-30
    ➖
    SMYTH, John Fletcher, Emeritus Professor resigned
    director
  16. 2019-06-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2019-06-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2019-06-30
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  19. 2019-06-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2019-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2018-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2018-03-01
    ➖
    MACDONALD, Donald Hugh Munro resigned
    director
  28. 2017-04-24
    ➕
    MACDONALD, Donald Hugh Munro appointed
    director
  29. 2017-03-14
    ➕
    SLATER, Ruth, Dr appointed
    director
  30. 2017-02-10
    ➖
    BAXTER, Paul Steven resigned
    director
  31. 2017-01-17
    ➕
    SMAILL, Peter Menzies appointed
    secretary
  32. 2017-01-17
    ➕
    ANDREW, Hugh appointed
    director
  33. 2017-01-17
    ➕
    SMAILL, Peter Menzies appointed
    director
  34. 2016-10-11
    ➖
    MURRAY, Thomas Kenneth resigned
    director
  35. 2016-07-05
    ➖
    HITCHMAN, Frank Hendrick resigned
    secretary
  36. 2016-07-05
    ➖
    HITCHMAN, Frank Hendrick resigned
    director
  37. 2015-04-21
    ➕
    SMYTH, John Fletcher, Emeritus Professor appointed
    director
  38. 2014-10-16
    ➖
    ROBERTSON, Charles resigned
    director
  39. 2013-02-01
    ➖
    GOW, Michael, General Sir resigned
    director
  40. 2012-11-20
    ➕
    MUMFORD, Colin John, Dr appointed
    director
  41. 2012-11-20
    ➕
    NICKALLS, Susan Kay appointed
    director
  42. 2012-06-18
    ➖
    STEVENSON, Peter David resigned
    director
  43. 2012-01-20
    ➕
    BAXTER, Paul Steven appointed
    director
  44. 2004-11-22
    ➕
    MURRAY, Thomas Kenneth appointed
    director
  45. 2003-12-31
    ➖
    WOOD, Malcolm James resigned
    director
  46. 2002-04-01
    ➕
    HITCHMAN, Frank Hendrick appointed
    secretary
  47. 2002-04-01
    ➖
    NEVILLE TOWLE, Richard Anthony resigned
    secretary
  48. 2002-04-01
    ➕
    HITCHMAN, Frank Hendrick appointed
    director
  49. 2000-11-01
    ➕
    ROBERTSON, Charles appointed
    director
  50. 2000-01-12
    ➕
    GOW, Michael, General Sir appointed
    director
Showing most recent 50 of 55 events

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

91/100
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 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Richard Anthony Neville Towle
Individual · British · DOB 02/1956 · age 70
——sig. influencesignificant influence30/06/2019

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

9 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
Incorporated1996-06-06
Jurisdictionscotland
Primary SIC90010 — Performing arts

Registered office

7 Drummond Place
Edinburgh
EH3 6PH
Scotland

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-06-20
Last: 2025-06-06

Officers (2 active · 17 resigned)

HAHN, Caroline→
director · ~60y · appointed 2019-06-30
View their other companies + combined net worth →
Active
NEVILLE TOWLE, Richard Anthony→
director · ~70y · appointed 1996-06-06
View their other companies + combined net worth →
Active
HITCHMAN, Frank Hendrick→
secretary · appointed 2002-04-01 · resigned 2016-07-05
Resigned
NEVILLE TOWLE, Richard Anthony→
secretary · appointed 1996-06-06 · resigned 2002-04-01
Resigned
SMAILL, Peter Menzies→
secretary · appointed 2017-01-17 · resigned 2019-06-30
Resigned
ANDREW, Hugh→
director · ~64y · appointed 2017-01-17 · resigned 2019-06-30
Resigned
BAXTER, Paul Steven→
director · ~48y · appointed 2012-01-20 · resigned 2017-02-10
Resigned
GOW, Michael, General Sir→
director · ~102y · appointed 2000-01-12 · resigned 2013-02-01
Resigned
HITCHMAN, Frank Hendrick→
director · ~85y · appointed 2002-04-01 · resigned 2016-07-05
Resigned
MACDONALD, Donald Hugh Munro→
director · ~71y · appointed 2017-04-24 · resigned 2018-03-01
Resigned
MUMFORD, Colin John, Dr→
director · ~67y · appointed 2012-11-20 · resigned 2019-06-30
Resigned
MURRAY, Thomas Kenneth→
director · ~68y · appointed 2004-11-22 · resigned 2016-10-11
Resigned
NICKALLS, Susan Kay→
director · ~68y · appointed 2012-11-20 · resigned 2019-06-30
Resigned
ROBERTSON, Charles→
director · ~86y · appointed 2000-11-01 · resigned 2014-10-16
Resigned
SLATER, Ruth, Dr→
director · ~59y · appointed 2017-03-14 · resigned 2019-06-30
Resigned
SMAILL, Peter Menzies→
director · ~72y · appointed 2017-01-17 · resigned 2019-06-30
Resigned
SMYTH, John Fletcher, Emeritus Professor→
director · ~81y · appointed 2015-04-21 · resigned 2019-06-30
Resigned
STEVENSON, Peter David→
director · ~79y · appointed 1996-06-06 · resigned 2012-06-18
Resigned
WOOD, Malcolm James→
director · ~71y · appointed 1996-06-18 · resigned 2003-12-31
Resigned

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

Recent filings (106 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-27
change-account-reference-date-company-previous-extended
accounts · AA01
2019-10-14
termination-secretary-company-with-name-termination-date
officers · TM02
2019-06-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-06-30