HERE WE ARE

🌳Matureactive

SC184879 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-04-08

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

83/100

Exceptional

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What this business does

Primary activity: Archives activities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. 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 12.8y

35/100

too messy

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

· Oldest live charge is 12.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· 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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

17 officers (6 active, 17 linked, 15 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

100 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.

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	600	700

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

• 1 confirmation-statement
• 1 officers

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2026-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-22
➖
FORSYTH, Deirdre Catherine resigned
director
2024-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-04
🔒
Charge registered #3
Lender: Natwest Social & Community Capital
2024-05-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-03
➖
MCINTYRE, Celene resigned
director
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-26
📄
memorandum-articles
incorporation · MA
2023-06-26
📄
resolution
resolution · RESOLUTIONS
2023-04-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-04-05
➖
BEATTIE, Alice Mary resigned
director
2023-01-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-14
➕
CURTIS, Adrian Freeman appointed
director
2022-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-21
➖
FRASER, Jamie Douglas resigned
director
2019-06-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-05-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2019-05-30
🔓
Charge satisfied #1
2019-02-26
➕
MCMILLAN, James Mitchell appointed
director
2018-10-01
➖
TOPLIS, Glyn Robin resigned
secretary
2016-10-30
➕
MCINTYRE, Celene appointed
director
2016-04-11
➕
FRASER, Jamie Douglas appointed
director
2015-03-31
➖
COLBURN, Neil Antony resigned
director
2014-11-06
🔒
Charge registered #2
Lender: Highlands and Islands Enterprise
2013-06-26
🔒
Charge registered #1
Lender: Social Investment Scotland
2013-04-30
➖
MAGUIRE, Elizabeth resigned
director
2009-12-15
➖
FARRELL, Kevin Alexander resigned
director
2009-10-05
➕
COLBURN, Neil Antony appointed
director
2009-06-14
➖
BURNAPP, Carol resigned
director
2009-06-14
➕
FORSYTH, Deirdre Catherine appointed
director
2008-06-18
➕
MILES, Alexander appointed
director
2007-02-10
➕
MACDONALD, John Scott appointed
director
2007-01-14
➕
BURNAPP, Carol appointed
director
2007-01-04
➖
MURPHY, Angela Lee resigned
secretary
2007-01-04
➕
TOPLIS, Glyn Robin appointed
secretary
2002-03-31
➕
FARRELL, Kevin Alexander appointed
director
2002-03-31
➖
SANDS, Mark William resigned
director
1998-04-08
🏢
Company incorporated
As HERE WE ARE
1998-04-08
➕
MACCALLUM, Alistair appointed
director
1998-04-08
➕
NOBLE, Christina Campbell appointed
director
1998-04-08
➕
MURPHY, Angela Lee appointed
secretary
1998-04-08
➕
BEATTIE, Alice Mary appointed
director
1998-04-08
➕
MAGUIRE, Elizabeth appointed
director
1998-04-08
➕
SANDS, Mark William appointed
director

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 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

90/100

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 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ARGYLL MAUSOLEUM LIMITED→ SC363151 · est 2009	—	—	£41.5k	—	16y	83	78y
OBAN & LORN COMMUNITY ENTERPRISE LIMITED→ SC139465 · est 1992 · no financials extracted	—	—	—	—	33y	83	67y
OBAN WAR AND PEACE MUSEUM→ SC251697 · est 2003	—	—	—	1	22y	83	82y
PACE THEATRE COMPANY LIMITED→ SC138628 · est 1992 · no financials extracted	—	—	—	—	33y	83	76y
STAGE HIRE SCOTLAND LTD.→ SC337290 · est 2008	—	—	£2.00M	—	18y	83	60y
THE DALMALLY COMMUNITY COMPANY→ SC227930 · est 2002 · no financials extracted	—	—	—	—	24y	83	84y
A & J ENTERPRISE SOLUTIONS LTD→ SC382429 · est 2010	—	—	—	26	15y	82	69y
NO NONSENSE PRODUCTIONS CIC→ SC505358 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
SPÒGAN LUATH THIRIODH CIC→ SC859993 · est 2025 · no financials extracted	—	—	—	—	—	—	—
STUDIO CRAIG BLACK LTD→ SC590707 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
STYGIAN PRODUCTIONS LTD→ SC879888 · est 2026 · no financials extracted	—	—	—	—	—	—	—
TT GLASGOW SOUTH LIMITED→ SC436222 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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

Incorporated1998-04-08

Jurisdictionscotland

Primary SIC91012 — Archives activities

Registered office

Here We Are, Clachan

Cairndow

Argyll

PA26 8BL

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-22

Last: 2026-04-08