MAKING WAVES LIMITED

🌳Matureactive
SC260733 · ltd · incorporated 2003-12-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of sport clubs
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 10.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
63 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-03-312024-03-31
Average employees41004100

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-04
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-07-04
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2025-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-03-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-06-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-22
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  16. 2008-06-17
    ➕
    MITCHELL, Nicola appointed
    director
  17. 2003-12-14
    🏢
    Company incorporated
    As MAKING WAVES LIMITED
  18. 2003-12-14
    ➕
    MITCHELL, Nicola appointed
    secretary
  19. 2003-12-14
    ➕
    MITCHELL, Thomas appointed
    director
  20. 2003-12-14
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  21. 2003-12-14
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  22. 2003-12-14
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  23. 2003-12-14
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

84/100
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 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Thomas James Mitchell
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Nicola Jane Mitchell
Individual · British · DOB 04/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

Similar companies

Active · Leisure & entertainment · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
STEWART TRAVEL LIMITED→
SC400502 · est 2011
£30.04M
£23.36M–£36.72M
£109.39M—3600014y9168y
IF ONLY HOLIDAYS LIMITED→
SC268032 · est 2004
£4.61M
£3.59M–£5.64M
——590021y8569y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→
SC400717 · est 2011
£3.2k
£2.5k–£3.9k
——014y9366y
ALLAN GLEN'S SPORTS CLUB LIMITED→
SC117858 · est 1989
——£1.9k—37y8388y
D. & D. AMUSEMENTS LTD.→
SC196522 · est 1999
——£120.9k—26y8368y
FACT THREE→
SC319714 · est 2007
——£168.8k—19y8373y
GREENACRES CURLING LTD.→
SC200546 · est 1999
———120026y8377y
IN EXTREMIS LIMITED→
SC142085 · est 1993
——£61.2k—33y8361y
SCOTTISH JEWISH ARCHIVES CENTRE→
SC210878 · est 2000
——£120.5k—25y8379y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→
SC016172 · est 1930 · no financials extracted
————95y8375y
WILLIAM HILL (CALEDONIAN) LIMITED→
SC039934 · est 1964 · no financials extracted
————62y——
WORLD TRAVEL DIRECT LTD.→
SC249222 · est 2003 · no financials extracted
————22y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2003-12-14
Jurisdictionscotland
Primary SIC93120 — Activities of sport clubs

Registered office

82 Berkeley Street
Glasgow
G3 7DS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-15
Last: 2026-05-01

Officers (3 active · 2 resigned)

MITCHELL, Nicola→
secretary · appointed 2003-12-14
View their other companies + combined net worth →
Active
MITCHELL, Nicola→
director · ~52y · appointed 2008-06-17
View their other companies + combined net worth →
Active
MITCHELL, Thomas→
director · ~59y · appointed 2003-12-14
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-12-14 · resigned 2003-12-14
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-12-14 · resigned 2003-12-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property22/06/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-12
memorandum-articles
incorporation · MA
2025-07-04
resolution
resolution · RESOLUTIONS
2025-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-14