NORTH EDINBURGH ARTS

🌳Matureactive

SC184477 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-03-27

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

66/100

Strong

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What this business does

Primary activity: Operation of arts facilities

Sector: Arts, entertainment & recreation

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 3.7y

25/100

too messy

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

· Charge age ~3.7 years — mid-life; refi window approaching.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

77 officers (14 active, 77 linked, 73 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

4 connected companies via shared directors

Filing history

207 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

66/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

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
Average employees	21	2000

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

• 4 mortgage
• 1 officers

Counts from Companies House filing history.

Corporate timeline (167 events)Click to expand

2025-11-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-27
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-11-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
🔒
Charge registered #3
Lender: Foundation Scotland
2025-11-18
🔒
Charge registered #5
Lender: The Secretary of State for Housing, Communities and Local Government
2025-11-14
🔒
Charge registered #4
Lender: Foundation Scotland
2025-11-10
➖
FITZPATRICK, William resigned
director
2025-10-28
➕
JACK, Kevin Aron appointed
director
2025-10-28
➖
MCPHERSON, Deirdre Rosemary resigned
director
2025-10-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-17
📄
accounts-with-accounts-type-full
accounts · AA
2025-10-10
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-18
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-01
➕
NORCLIFFE, David Bruce appointed
director
2024-09-19
➕
SMITH, Steven Mark appointed
director
2024-01-13
📄
accounts-with-accounts-type-small
accounts · AA
2024-01-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-12-13
➖
TIBBETT, Marianne resigned
director
2023-10-30
➕
GLEAN, Siobhan appointed
director
2023-10-30
➕
HICKEY, Pam appointed
director
2023-10-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-09
📄
accounts-with-accounts-type-small
accounts · AA
2022-09-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-02
🔒
Charge registered #2
Lender: The City of Edinburgh Council
2022-09-02
🔒
Charge registered #1
Lender: The City of Edinburgh Council, Local Authority in Terms of the Local Government Etc (Scotland) Act 1994
2021-12-30
📄
accounts-with-accounts-type-small
accounts · AA
2021-03-17
➕
MCPHILLIPS, Electra appointed
director
2021-03-17
➕
WRAIGHT, Darren appointed
director
2021-03-17
➖
COXON, David Steel resigned
director
2021-03-17
➕
FITZPATRICK, William appointed
director
2020-09-01
➕
DIJKSTRA-DOWNIE, Sanne Carlien, Cllr appointed
director
2020-01-01
➖
METZGER, Jessica Sarah resigned
director
2020-01-01
➖
MUNRO, Valerie Morag resigned
director
2019-03-27
➕
TIBBETT, Marianne appointed
director
2019-01-23
➕
COXON, David Steel appointed
director
2018-03-28
➕
METZGER, Jessica Sarah appointed
director
2018-03-20
➖
DOWNING, Louise Ann resigned
director
2018-03-20
➖
FINDLAY, Gillian resigned
director
2018-03-20
➖
WHITEHEAD, Bruce William resigned
director
2018-02-20
➕
LANG, Jennifer appointed
director
2017-02-22
➖
DOUGLAS, James Roy resigned
director
2017-02-22
➖
STEWART, Joanne resigned
director

Showing most recent 50 of 167 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

-13 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

75/100

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 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.

Red flags

1 high · 2 med · 1 low

Confirmation statement overdue

high

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

Evidence: Next due: 2026-04-09

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: FITZPATRICK, William resigned 2025-11-10; MCPHERSON, Deirdre Rosemary resigned 2025-10-28

3 new charges in last 12 months

medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-11-19: A registered charge; 2025-11-18: A registered charge; 2025-11-14: A registered charge

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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

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NEW GENERATION FESTIVAL LTD→ SC846940 · est 2025 · no financials extracted	—	—	—	—	—	—	—
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NOVOTOUK LIMITED→ SC621180 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
OCEAN VERTICAL SCOTLAND LIMITED→ SC631318 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ODIN STRENGTH AND CONDITIONING LTD→ SC776059 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
OPTIMAL EXERCISE LIMITED→ SC860260 · est 2025 · no financials extracted	—	—	—	—	—	—	—
OUT OF OFFICE ESCAPES LTD→ SC759790 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
OUTWITH IT LTD→ SC796499 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
PATTER MERCHANT LTD→ SC864747 · est 2025 · no financials extracted	—	—	—	—	—	—	—
PE5 SPORTS TOURS LTD→ SC522524 · est 2015 · no financials extracted	—	—	—	—	10y	—	—

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

🔒Tailored diligence questions

10 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

Incorporated1998-03-27

Jurisdictionscotland

Primary SIC90040 — Operation of arts facilities

Registered office

Macmillan Hub

12c Macmillan Square

Edinburgh

EH4 4AB

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-09OVERDUE

Last: 2025-03-26