FACT THREE

🌳Matureactive

SC319714 · private-limited-guarant-nsc-limited-exemption · incorporated 2007-03-27

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

£168.8k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Operation of historical sites and buildings and similar visitor attractions

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 73). 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 12.5y

35/100

too messy

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

· Oldest live charge is 12.5 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (66/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

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

Directors & officers

11 officers (5 active, 11 linked, 10 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

9 connected companies via shared directors

Filing history

64 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £168,750

Key financials

1 year extracted from filed iXBRL accounts

Cash

£5k

Net Worth

£169k

Current Assets

£30k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Total assets	£596.2k
Current assets	£29.5k
Cash	£5.4k
Debtors	£24.1k
Net assets	£168.8k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2025-12-19
📄
accounts-with-accounts-type-medium
accounts · AA
2025-12-07
📄
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2025-02-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-29
➕
BUTLER, Neil appointed
director
2025-01-15
📄
accounts-with-accounts-type-group
accounts · AA
2025-01-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-03
➕
BOYLE, Hugh appointed
director
2024-12-31
➖
O'HERLIHY, Donal resigned
director
2024-11-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-24
➖
PATRICK, Stuart Leslie resigned
director
2024-04-03
📄
accounts-with-accounts-type-group
accounts · AA
2023-11-21
📄
resolution
resolution · RESOLUTIONS
2023-11-21
📄
memorandum-articles
incorporation · MA
2023-04-14
📄
accounts-with-accounts-type-group
accounts · AA
2022-04-05
📄
accounts-with-accounts-type-small
accounts · AA
2022-03-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-07-01
📄
accounts-with-accounts-type-group
accounts · AA
2021-03-30
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2020-01-08
📄
accounts-with-accounts-type-group
accounts · AA
2019-01-04
📄
accounts-with-accounts-type-group
accounts · AA
2018-07-04
➖
THOMSON, Oliver Campbell Watt resigned
director
2018-03-06
🔒
Charge registered #3
Lender: The Architectural Heritage Fund
2017-03-07
➖
MCDONALD, Carrick Charles Henderson resigned
director
2015-10-19
🔒
Charge registered #2
Lender: Unity Trust Bank PLC
2013-11-21
🔒
Charge registered #1
Lender: The Architectural Heritage Fund (Co. No. 1150304)
2011-02-21
➖
BLAIR, Pamela Joanne resigned
director
2008-03-19
➖
SINGLETON, Margaret Grant resigned
director
2007-03-27
🏢
Company incorporated
As FACT THREE
2007-03-27
➕
ROBERTSON, David Alexander appointed
secretary
2007-03-27
➕
PHILLIPS, Stephen Paul appointed
director
2007-03-27
➕
ROBERTSON, David Alexander appointed
director
2007-03-27
➕
BLAIR, Pamela Joanne appointed
director
2007-03-27
➕
MCDONALD, Carrick Charles Henderson appointed
director
2007-03-27
➕
O'HERLIHY, Donal appointed
director
2007-03-27
➕
PATRICK, Stuart Leslie appointed
director
2007-03-27
➕
SINGLETON, Margaret Grant appointed
director
2007-03-27
➕
THOMSON, Oliver Campbell Watt 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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	14y	91	68y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	21y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	26y	83	68y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→ SC016172 · est 1930 · no financials extracted	—	—	—	—	95y	83	75y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	32y	83	86y
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

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2007-03-27

Jurisdictionscotland

Primary SIC91030 — Operation of historical sites and buildings and similar visitor attractions

Registered office

1 George Square

Glasgow

G2 1AL

Filing status

Accounts

Next due: 2026-12-29

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-10

Last: 2026-03-27