THE LIGHT CINEMAS LIMITED
💤Zombieactive
SC330332 · ltd · incorporated 2007-09-04
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
—
not disclosed
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Motion picture projection activities
Sector: Information & communication
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
10 live charges · 6 lenders · oldest 11.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
143 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2026-03-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-31📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-05-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-05-07📄legacyaccounts · PARENT_ACC
- 2025-05-07📄legacyother · GUARANTEE2
- 2025-05-07📄legacyother · AGREEMENT2
- 2025-01-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-01-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20🔒Charge registered #10Lender: Barclays Bank PLC
- 2024-10-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-24📄memorandum-articlesincorporation · MA
- 2024-10-24📄resolutionresolution · RESOLUTIONS
- 2024-10-16📄memorandum-articlesincorporation · MA
- 2024-10-16📄resolutionresolution · RESOLUTIONS
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-14🔓Charge satisfied #9
- 2024-10-14🔓Charge satisfied #8
- 2024-10-14🔓Charge satisfied #7
- 2024-10-14🔓Charge satisfied #6
- 2024-10-14🔓Charge satisfied #5
- 2024-10-14🔓Charge satisfied #4
- 2024-10-14🔓Charge satisfied #3
- 2024-10-14🔓Charge satisfied #2
- 2024-10-14🔓Charge satisfied #1
- 2024-10-08➖PULLINGER, Keith resigneddirector
- 2024-10-08➖SULLIVAN, John Christopher resigneddirector
- 2022-07-29➖PALMER, Tom Francis Geoffrey resigneddirector
- 2021-09-23🔒Charge registered #9Lender: The Secretary of State for the Department for Digital, Culture, Media and Sport
- 2021-09-23🔒Charge registered #8Lender: Santander UK PLC as Security Trustee
- 2021-09-23🔒Charge registered #7Lender: The Secretary of State for the Department for Digital, Culture, Media and Sport
- 2021-07-01➕PALMER, Tom Francis Geoffrey appointeddirector
- 2019-03-15🔒Charge registered #6Lender: Santander UK PLC as Security Trustee
- 2019-03-15🔒Charge registered #5Lender: Santander UK PLC
- 2018-09-11➕MORRIS, James Richard Allen appointeddirector
- 2017-11-14➖GOWERS, Gemma resigneddirector
- 2017-10-27🔒Charge registered #4Lender: Connection Capital LLP
- 2017-10-27🔒Charge registered #3Lender: Connection Capital LLP as Security Trustee
- 2015-08-10➕GOWERS, Gemma appointeddirector
- 2015-07-31➖HARRIES, Stewart John resigneddirector
- 2015-01-29➕HARRIES, Stewart John appointeddirector
- 2015-01-28🔒Charge registered #2Lender: Santander UK PLC
Showing most recent 50 of 58 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Light Cinemas Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Light Cinemas Group Limited
Corporate parent · holds 75-100% shares
⬇
THE LIGHT CINEMAS LIMITED
This company · SC330332
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Light Cinemas Group Limited Corporate entity | 75–100% | — | 75-100% shares | 01/09/2016 |
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 · Technology · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BIP SOLUTIONS LIMITED→ SC086146 · est 1984 | £10.24M £7.31M–£13.17M | — | — | 137 | 42y | 83 | 79y |
| BLACKBAUD EUROPE LTD.→ SC212593 · est 2000 | £3.33M £2.38M–£4.28M | £23.77M | — | 12000 | 25y | 84 | 64y |
| ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002 | £409.8k £292.7k–£526.9k | £6.88M | — | 0 | 24y | 83 | 60y |
| ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004 | — | — | — | 500 | 21y | 83 | 61y |
| APERTA LIMITED→ SC136758 · est 1992 | — | — | £13.46M | — | 34y | 83 | 75y |
| CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992 | — | — | £451.3k | — | 33y | 83 | 77y |
| CRAB APPLE FILMS LIMITED→ SC242643 · est 2003 | — | — | — | 200 | 23y | 83 | 64y |
| CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 78y |
| E-MAX SYSTEMS LIMITED→ SC189614 · est 1998 | — | — | £290.8k | — | 27y | 83 | 76y |
| ELASTIC CREATIVE LTD.→ SC203930 · est 2000 | — | — | £20.1k | — | 26y | 83 | 58y |
| EURITEC LIMITED→ SC132746 · est 1991 | — | — | £2.4k | — | 34y | 83 | 77y |
| EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted | — | — | — | — | 17y | 83 | 67y |
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
Incorporated2007-09-04
Jurisdictionscotland
Primary SIC59140 — Motion picture projection activities
Registered office
1 George Square
Glasgow
G2 1AL
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-07-03
Confirmation statement
Next due: 2027-01-25
Last: 2026-01-11
Officers (1 active · 7 resigned)
MORRIS, James Richard Allen→
Activedirector · ~51y · appointed 2018-09-11
View their other companies + combined net worth →
SF SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2007-09-04 · resigned 2013-06-07
GOWERS, Gemma→
Resigneddirector · ~49y · appointed 2015-08-10 · resigned 2017-11-14
HARRIES, Stewart John→
Resigneddirector · ~66y · appointed 2015-01-29 · resigned 2015-07-31
PALMER, Tom Francis Geoffrey→
Resigneddirector · ~48y · appointed 2021-07-01 · resigned 2022-07-29
PULLINGER, Keith→
Resigneddirector · ~67y · appointed 2008-06-16 · resigned 2024-10-08
SULLIVAN, John Christopher→
Resigneddirector · ~75y · appointed 2008-06-16 · resigned 2024-10-08
SF FORMATIONS LTD→
Resignedcorporate-director · appointed 2007-09-04 · resigned 2008-06-16
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
1
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/12/2024 | — | |
| satisfied | The Secretary of State for the Department for Digital, Culture, Media and Sport | A registered charge | 1 property | 23/09/2021 | 14/10/2024 | |
| satisfied | Santander Santander UK PLC as Security Trustee | A registered charge | 3 properties | 23/09/2021 | 14/10/2024 | |
| satisfied | The Secretary of State for the Department for Digital, Culture, Media and Sport | A registered charge | — | 23/09/2021 | 14/10/2024 | |
| satisfied | Santander Santander UK PLC as Security Trustee | A registered charge | — | 15/03/2019 | 14/10/2024 | |
| satisfied | Santander Santander UK PLC | A registered charge | 1 property | 15/03/2019 | 14/10/2024 | |
| satisfied | Connection Capital Connection Capital LLP | A registered charge | — | 27/10/2017 | 14/10/2024 | |
| satisfied | Connection Capital as Security Trustee Connection Capital LLP as Security Trustee | A registered charge | — | 27/10/2017 | 14/10/2024 | |
| satisfied | Santander Santander UK PLC | A registered charge | — | 28/01/2015 | 14/10/2024 | |
| satisfied | Santander Santander UK PLC | A registered charge | — | 28/01/2015 | 14/10/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (143 total)
accounts-with-accounts-type-full
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-30
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-05-07
legacy
accounts · PARENT_ACC
2025-05-07
legacy
other · GUARANTEE2
2025-05-07
legacy
other · AGREEMENT2
2025-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
termination-director-company-with-name-termination-date
officers · TM01
2024-10-25
memorandum-articles
incorporation · MA
2024-10-24
resolution
resolution · RESOLUTIONS
2024-10-24
memorandum-articles
incorporation · MA
2024-10-16