CMC ASSOCIATES LIMITED

🌳Matureactive
SC291114 · ltd · incorporated 2005-09-30
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Deal-killer verdict: clean → complicated
  • · Hygiene score: 90 → 85
  • · PSC count: 2 → 3
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 2 worsened.

  • ·Investment thesis: well_run_hard_buy → unclassified
  • ↓Deal-killer verdict: clean → complicated
  • ↓Hygiene score: 90 → 85
  • ↑PSC count: 2 → 3
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£34.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Museum activities
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 91030Operation of historical sites and buildings and similar visitor attractions
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 4 with DOB)
79
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £34,268

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£34k
↑ 15% YoY
Current Assets
£38k
↓ 12% YoY
Current Liabilities
—
£0£9k£17k£26k£34k£43kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-30
Total assets£34.3k£29.9k
Current assets£37.6k£42.9k
Net assets£34.3k£29.9k

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
2
filings
  • • 1 persons-with-significant-control
  • • 1 officers
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-06-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-06-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-05-20
    ➖
    SPEARMAN, Moira Drummond resigned
    director
  4. 2026-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2026-02-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-11-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-12-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2023-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-05-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2022-04-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-04-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-02-04
    ➖
    O'SULLIVAN, Michael Paul resigned
    director
  19. 2018-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2014-08-07
    ➕
    EMSLIE, Sharyn Linsey appointed
    secretary
  21. 2014-08-07
    ➖
    SPEARMAN, Roger Michael, Dr resigned
    secretary
  22. 2014-08-07
    ➕
    O'SULLIVAN, Michael Paul appointed
    director
  23. 2008-06-03
    ➕
    EMSLIE, Sharyn Linsey appointed
    director
  24. 2005-09-30
    🏢
    Company incorporated
    As CMC ASSOCIATES LIMITED
  25. 2005-09-30
    ➕
    SPEARMAN, Roger Michael, Dr appointed
    director
  26. 2005-09-30
    ➕
    SPEARMAN, Roger Michael, Dr appointed
    secretary
  27. 2005-09-30
    ➕
    PEMEX SERVICES LIMITED appointed
    corporate-secretary
  28. 2005-09-30
    ➖
    PEMEX SERVICES LIMITED resigned
    corporate-secretary
  29. 2005-09-30
    ➕
    SPEARMAN, Moira Drummond appointed
    director
  30. 2005-09-30
    ➕
    AMERSHAM SERVICES LIMITED appointed
    corporate-nominee-director
  31. 2005-09-30
    ➖
    AMERSHAM SERVICES LIMITED resigned
    corporate-nominee-director
  32. 2005-09-30
    ➕
    PEMEX SERVICES LIMITED appointed
    corporate-director
  33. 2005-09-30
    ➖
    PEMEX SERVICES LIMITED resigned
    corporate-director

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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

96/100
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 71 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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
Dr Roger Michael Spearman
Individual · British · DOB 10/1955 · age 71
—50–75%50-75% voting01/09/2016
Ms Sharyn Linsey Emslie
Individual · British · DOB 04/1968 · age 58
25–50%
—25-50% shares10/05/2026
1 historic (ceased) PSC
  • Ms Moira Drummond Spearmanceased 01/10/2025· 25-50% shares · 25-50% voting

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
FESTIVALS EDINBURGH LIMITED→
SC331673 · est 2007
£179.5k
£139.6k–£219.4k
——618y8364y
ALHAMBRA THEATRE TRUST→
SC345187 · est 2008 · no financials extracted
————18y8377y
ARCHERFIELD & FIDRA GOLF COURSES LIMITED→
SC260327 · est 2003 · no financials extracted
————22y8379y
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SC092088 · est 1985
——£185.5k—41y8378y
BRAID HILLS SHOP LIMITED→
SC177390 · est 1997 · no financials extracted
————29y8370y
CHEEK BY JOWL THEATRE COMPANY LIMITED→
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————44y8374y
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——£2—51y8389y
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——£1.28M—18y8370y
MAGNETIC NORTH THEATRE PRODUCTIONS LIMITED→
SC199210 · est 1999 · no financials extracted
————26y8375y
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————39y8377y
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
Typeltd
Incorporated2005-09-30
Jurisdictionscotland
Primary SIC91020 — Museum activities

Registered office

Bank House, 15a Cairnbank Road
Penicuik
Edinburgh
EH26 9DR

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (3 active · 6 resigned)

EMSLIE, Sharyn Linsey→
secretary · appointed 2014-08-07
View their other companies + combined net worth →
Active
EMSLIE, Sharyn Linsey→
director · ~58y · appointed 2008-06-03
View their other companies + combined net worth →
Active
SPEARMAN, Roger Michael, Dr→
director · ~71y · appointed 2005-09-30
View their other companies + combined net worth →
Active
SPEARMAN, Roger Michael, Dr→
secretary · appointed 2005-09-30 · resigned 2014-08-07
Resigned
PEMEX SERVICES LIMITED→
corporate-secretary · appointed 2005-09-30 · resigned 2005-09-30
Resigned
O'SULLIVAN, Michael Paul→
director · ~55y · appointed 2014-08-07 · resigned 2019-02-04
Resigned
SPEARMAN, Moira Drummond→
director · ~69y · appointed 2005-09-30 · resigned 2026-05-20
Resigned
AMERSHAM SERVICES LIMITED→
corporate-nominee-director · appointed 2005-09-30 · resigned 2005-09-30
Resigned
PEMEX SERVICES LIMITED→
corporate-director · appointed 2005-09-30 · resigned 2005-09-30
Resigned

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

Recent filings (63 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-06-01
termination-director-company-with-name-termination-date
officers · TM01
2026-06-01
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-05
change-person-secretary-company-with-change-date
officers · CH03
2022-05-24