F E LIVE AUDIO LTD.

🌳Matureactive
SC352518 · ltd · incorporated 2008-12-15
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 11.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£218.0k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 11.5y

85/100
ready

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

  • · Oldest live charge is 11.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £218,000
Net assets shrinking
Down £133,390 YoY
Cash YoY
+19662%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£114k
↑ 19662% YoY
Net Worth
£218k
↓ 38% YoY
Current Assets
£374k
↑ 47% YoY
Current Liabilities
—
£0£75k£149k£224k£299k£374kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£388.2k£647.7k
Current assets£373.7k£254.8k
Cash£114.4k£579
Debtors£259.3k£254.3k
Net assets£218.0k£351.4k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-02-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-02-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-02-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-02-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-02-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-06-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-01-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2023-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2021-03-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-03-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-03-02
    ➖
    MCMILLAN, Andrew resigned
    director
  17. 2020-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-07-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-07-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-01-15
    ➕
    CRABB, Douglas appointed
    secretary
  21. 2019-01-15
    ➖
    MCMILLAN, Andrew resigned
    secretary
  22. 2018-11-21
    🔓
    Charge satisfied #1
  23. 2016-04-04
    ➕
    BAILLIE, Andrew appointed
    director
  24. 2014-10-30
    🔒
    Charge registered #1
    Lender: Azule Limited
  25. 2008-12-15
    🏢
    Company incorporated
    As F E LIVE AUDIO LTD.
  26. 2008-12-15
    ➕
    MCILRAVEY, Ryan appointed
    director
  27. 2008-12-15
    ➕
    MCMILLAN, Andrew appointed
    secretary
  28. 2008-12-15
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  29. 2008-12-15
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  30. 2008-12-15
    ➕
    MABBOTT, Stephen George appointed
    director
  31. 2008-12-15
    ➖
    MABBOTT, Stephen George resigned
    director
  32. 2008-12-15
    ➕
    MCMILLAN, Andrew appointed
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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.)

Group structure

D&B Solutions Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
D&B Solutions Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
F E LIVE AUDIO LTD.
This company · SC352518

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
D&B Solutions Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting02/03/2021
Mr Ryan Mcilravey
Individual · British · DOB 08/1989 · age 37
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Andrew Mcmillanceased 02/03/2021· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2008-12-15
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Regent Court
West Regent Street
Glasgow
G2 2QZ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-29
Last: 2025-12-15

Officers (3 active · 4 resigned)

CRABB, Douglas→
secretary · appointed 2019-01-15
View their other companies + combined net worth →
Active
BAILLIE, Andrew→
director · ~40y · appointed 2016-04-04
View their other companies + combined net worth →
Active
MCILRAVEY, Ryan→
director · ~37y · appointed 2008-12-15
View their other companies + combined net worth →
Active
MCMILLAN, Andrew→
secretary · appointed 2008-12-15 · resigned 2019-01-15
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2008-12-15 · resigned 2008-12-15
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2008-12-15 · resigned 2008-12-15
Resigned
MCMILLAN, Andrew→
director · ~37y · appointed 2008-12-15 · resigned 2021-03-02
Resigned

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
TypeProperties
satisfied
Azule
Azule Limited
A registered charge—30/10/201421/11/2018

Recent filings (67 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-12
change-person-director-company-with-change-date
officers · CH01
2024-02-11
change-person-director-company-with-change-date
officers · CH01
2024-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-01-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-24