AC PROJECTS/ALTERNATIVE CURRENTS LIMITED

🌳Matureactive
SC400717 · private-limited-guarant-nsc · incorporated 2011-06-01
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 opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 70
  • · Opportunity score: 78 → 72
  • · Bankability: 75 → 65
  • · Distress / opportunity: avoid → attractive
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • ↓Opportunity score: 78 → 72
  • ↓Hygiene score: 90 → 70
  • ↓Bankability: 75 → 65
  • ·Distress / opportunity: avoid → attractive
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 Jun 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Special-situation opportunity
Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (85/100).

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, 1 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
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £703
Turned profitable
Returned to profit this year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Profit before tax£703£-18.0k
Average employees00

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
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-06-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-06-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-04-04
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-08-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-11-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-21
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  17. 2014-05-07
    ➕
    SRG LLP appointed
    corporate-secretary
  18. 2011-06-01
    🏢
    Company incorporated
    As AC PROJECTS/ALTERNATIVE CURRENTS LIMITED
  19. 2011-06-01
    ➕
    CAMPBELL, Alasdair appointed
    director
  20. 2011-06-01
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  21. 2011-06-01
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  22. 2011-06-01
    ➕
    MABBOTT, Stephen George appointed
    director
  23. 2011-06-01
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-15

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Alasdair Campbell
Individual · British · DOB 07/1960 · age 66
——sig. influencesignificant influence06/04/2016

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 · Leisure & entertainment · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
STEWART TRAVEL LIMITED→
SC400502 · est 2011
£30.04M
£23.36M–£36.72M
£109.39M—3600015y9168y
BARRHEAD TRAVEL SERVICE LIMITED→
SC057208 · est 1975
£9.61M
£7.47M–£11.74M
£89.85M—5660051y8259y
IF ONLY HOLIDAYS LIMITED→
SC268032 · est 2004
£4.61M
£3.59M–£5.64M
——590022y8569y
ALLAN GLEN'S SPORTS CLUB LIMITED→
SC117858 · est 1989
——£1.9k—37y8388y
COVE BURGH HALL→
SC217153 · est 2001
——£97.7k—25y8378y
D. & D. AMUSEMENTS LTD.→
SC196522 · est 1999
——£120.9k—27y8368y
FACT THREE→
SC319714 · est 2007
——£168.8k—19y8373y
GREENACRES CURLING LTD.→
SC200546 · est 1999
———120026y8377y
IN EXTREMIS LIMITED→
SC142085 · est 1993
——£61.2k—33y8361y
SCOTTISH JEWISH ARCHIVES CENTRE→
SC210878 · est 2000
——£120.5k—25y8379y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→
SC016172 · est 1930 · no financials extracted
————95y8375y
THE ANTONINE SPORTS CENTRE→
SC144453 · est 1993
——£199.7k—33y8386y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Typeprivate-limited-guarant-nsc
Incorporated2011-06-01
Jurisdictionscotland
Primary SIC90030 — Artistic creation

Registered office

C/O Srg Llp, 4th Floor, Turnberry House
175 West George Street
Glasgow
Lanarkshire
G2 2LB
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-15OVERDUE
Last: 2025-06-01

Officers (2 active · 2 resigned)

SRG LLP→
corporate-secretary · appointed 2014-05-07
View their other companies + combined net worth →
Active
CAMPBELL, Alasdair→
director · ~66y · appointed 2011-06-01
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2011-06-01 · resigned 2011-06-01
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2011-06-01 · resigned 2011-06-01
Resigned

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

Recent filings (39 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-24
change-person-director-company-with-change-date
officers · CH01
2025-06-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-05
resolution
resolution · RESOLUTIONS
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-19