MACS ADVENTURE LIMITED

🌳Matureactive
SC356084 · ltd · incorporated 2009-03-05
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 13.9y

75/100
ready

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

  • · Oldest live charge is 13.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.
  • · Not currently profitable — coverage conversation is a harder sell.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Loss-making
Loss before tax £129,730

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Profit before tax£-129.7k£-1.95M
Average employees102009200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-08-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-03-28
    ➖
    BLAKE, Nicholas resigned
    secretary
  3. 2025-03-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-11-04
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2024-11-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-07-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2024-05-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-05-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-05-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-04-26
    ➖
    HORNER, Graham Alton resigned
    director
  11. 2024-04-26
    ➖
    TUFFEE, Ross William resigned
    director
  12. 2024-04-25
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  13. 2024-02-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-01-30
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2024-01-29
    ➕
    BLAKE, Nicholas appointed
    secretary
  16. 2024-01-29
    ➖
    LAPPING, Alison resigned
    secretary
  17. 2024-01-29
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2024-01-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2023-07-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2023-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2022-09-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  22. 2022-07-05
    📄
    undefined · ANNOTATION
  23. 2022-07-05
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  24. 2022-07-01
    ➕
    CARTER, Paul Andrew appointed
    director
  25. 2022-07-01
    ➕
    HORNER, Graham Alton appointed
    director
  26. 2022-07-01
    ➕
    TUFFEE, Ross William appointed
    director
  27. 2022-07-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2022-07-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2022-07-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  30. 2022-06-20
    ➕
    GALBRAITH, Simon David appointed
    director
  31. 2022-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  32. 2012-07-18
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  33. 2009-03-05
    🏢
    Company incorporated
    As MACS ADVENTURE LIMITED
  34. 2009-03-05
    ➕
    LAPPING, Neil James appointed
    director
  35. 2009-03-05
    ➕
    LAPPING, Alison appointed
    secretary
  36. 2009-03-05
    ➕
    COSEC LIMITED appointed
    corporate-secretary
  37. 2009-03-05
    ➖
    COSEC LIMITED resigned
    corporate-secretary
  38. 2009-03-05
    ➕
    MCMEEKIN, James Stuart appointed
    director
  39. 2009-03-05
    ➖
    MCMEEKIN, James Stuart resigned
    director
  40. 2009-03-05
    ➕
    COSEC LIMITED appointed
    corporate-director
  41. 2009-03-05
    ➖
    COSEC LIMITED resigned
    corporate-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
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

63/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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

The Independent Adventure Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Independent Adventure Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MACS ADVENTURE LIMITED
This company · SC356084

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%
NameSharesVoting rightsNature of controlNotified
The Independent Adventure Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control21/05/2021
1 historic (ceased) PSC
  • Mr Neil James Lappingceased 21/05/2021· 50-75% voting · board control

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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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
Incorporated2009-03-05
Jurisdictionscotland
Primary SIC79120 — Tour operator activities

Registered office

4c, 4th Floor Skypark 5,
45 Finnieston Street
Glasgow
G3 8JU
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (3 active · 7 resigned)

CARTER, Paul Andrew→
director · ~61y · appointed 2022-07-01
View their other companies + combined net worth →
Active
GALBRAITH, Simon David→
director · ~54y · appointed 2022-06-20
View their other companies + combined net worth →
Active
LAPPING, Neil James→
director · ~51y · appointed 2009-03-05
View their other companies + combined net worth →
Active
BLAKE, Nicholas→
secretary · appointed 2024-01-29 · resigned 2025-03-28
Resigned
LAPPING, Alison→
secretary · appointed 2009-03-05 · resigned 2024-01-29
Resigned
COSEC LIMITED→
corporate-secretary · appointed 2009-03-05 · resigned 2009-03-05
Resigned
HORNER, Graham Alton→
director · ~49y · appointed 2022-07-01 · resigned 2024-04-26
Resigned
MCMEEKIN, James Stuart→
director · ~59y · appointed 2009-03-05 · resigned 2009-03-05
Resigned
TUFFEE, Ross William→
director · ~59y · appointed 2022-07-01 · resigned 2024-04-26
Resigned
COSEC LIMITED→
corporate-director · appointed 2009-03-05 · resigned 2009-03-05
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
A registered charge—25/04/2024—
outstanding
Barclays
Barclays Bank PLC
Floating charge1 property18/07/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-full
accounts · AA
2025-08-13
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-18
change-person-secretary-company-with-change-date
officers · CH03
2024-11-04
change-person-director-company-with-change-date
officers · CH01
2024-11-01
accounts-with-accounts-type-full
accounts · AA
2024-07-10
termination-director-company-with-name-termination-date
officers · TM01
2024-05-01
termination-director-company-with-name-termination-date
officers · TM01
2024-05-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-29
change-person-secretary-company-with-change-date
officers · CH03
2024-01-30
appoint-person-secretary-company-with-name-date
officers · AP03
2024-01-29
termination-secretary-company-with-name-termination-date
officers · TM02
2024-01-29