CELTIC CHORDS LTD.
💤Zombieactive
SC237189 · ltd · incorporated 2002-09-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£31.6k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Retail sale of musical instruments and scores
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 79-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 23.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £31,626
Net assets shrinking
Down £33,397 YoY
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£31k
↓ 51% YoY
Net Worth
£32k
↓ 51% YoY
Current Assets
£32k
↓ 51% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £31.6k | £65.0k |
| Current assets | £32.0k | £65.7k |
| Cash | £30.8k | £63.2k |
| Net assets | £31.6k | £65.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-11-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-09-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-09-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-05-24🔓Charge satisfied #1
- 2009-02-06➖HENDRY, James Stewart resignedsecretary
- 2003-02-25🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2002-09-23🏢Company incorporatedAs CELTIC CHORDS LTD.
- 2002-09-23➕MURRAY, Peter Charles appointeddirector
- 2002-09-23➕HENDRY, James Stewart appointedsecretary
- 2002-09-23➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-09-23➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-09-23➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-09-23➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Peter Charles Murray Individual · British · DOB 12/1947 · age 79 | — | 75–100% | 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ATHLETE LIMITED→ SC590022 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BRODIE COUNTRYFARE LIMITED→ SC146184 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| BRYKZ LTD→ SC799886 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| C & J'S CORNER SHOP LIMITED→ SC282886 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| CARRINGTON'S BRIDAL LTD→ SC656858 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CELESTIAL TRADE LINKS LTD→ SC881856 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CHEEMA MART LTD→ SC879080 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CHIEFDROP LTD→ SC854862 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CHOICE CARPETS LTD.→ SC255100 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| CHRISTIAN SCOTT LIMITED→ SC111412 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| CLAEC STUDIOS LTD→ SC844206 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CLD SHIRE GROUP LIMITED→ SC799457 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2002-09-23
Jurisdictionscotland
Primary SIC47591 — Retail sale of musical instruments and scores
Registered office
Pulldoran
Kirkton
Auchenblae
Kincardineshire
AB30 1TD
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11
Officers (1 active · 3 resigned)
MURRAY, Peter Charles→
Activedirector · ~79y · appointed 2002-09-23
View their other companies + combined net worth →
HENDRY, James Stewart→
Resignedsecretary · appointed 2002-09-23 · resigned 2009-02-06
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-09-23 · resigned 2002-09-23
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-09-23 · resigned 2002-09-23
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/02/2003 | 24/05/2013 |
Recent filings (56 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-20