MAD STREET DANCE SCHOOL LTD

⚰️Wound downliquidation
SC446409 · ltd · incorporated 2013-04-02
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
year to Apr 2025
Net worth
£7.3k
book net assets
Opportunity
42/100
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Special-situation opportunity
Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 42/100 (watch), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

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
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
42/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £7,267
Net assets shrinking
Down £373 YoY
Cash YoY
+73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↑ 73% YoY
Net Worth
£7k
↓ 4.9% YoY
Current Assets
£20k
↑ 36% YoY
Current Liabilities
—
£0£4k£8k£12k£16k£20kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£10.6k£11.1k
Current assets£19.9k£14.7k
Cash£1.9k£1.1k
Debtors£18.0k£13.6k
Net assets£7.3k£7.6k

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
2
filings
  • • 1 address
  • • 1 resolution
Last 90 days
3
filings
  • • 1 address
  • • 1 resolution
  • • 1 accounts
Last 180 days
3
filings
  • • 1 address
  • • 1 resolution
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-04-20
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-10-01
    ➖
    CONNELLY, Christopher Edward resigned
    director
  5. 2025-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-01-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-12-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2014-09-01
    ➖
    MORRAN, Catherine resigned
    secretary
  19. 2013-04-02
    🏢
    Company incorporated
    As MAD STREET DANCE SCHOOL LTD
  20. 2013-04-02
    ➕
    CONNELLY, Michelle appointed
    director
  21. 2013-04-02
    ➕
    MORRAN, Catherine appointed
    secretary
  22. 2013-04-02
    ➕
    CONNELLY, Christopher Edward appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

53/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.

Red flags

2 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-16

Company in liquidation
high

Company is actively being wound up. Not a going concern.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Michelle Connelly
Individual · British · DOB 11/1976 · age 50
50–75%
50–75%board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence · firm interest06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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

Statusliquidation
Typeltd
Incorporated2013-04-02
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

30 Miller Road
Ayr
KA7 2AY

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-16OVERDUE
Last: 2025-04-02

Officers (1 active · 2 resigned)

CONNELLY, Michelle→
director · ~50y · appointed 2013-04-02
View their other companies + combined net worth →
Active
MORRAN, Catherine→
secretary · appointed 2013-04-02 · resigned 2014-09-01
Resigned
CONNELLY, Christopher Edward→
director · ~50y · appointed 2013-04-02 · resigned 2025-10-01
Resigned

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

Recent filings (31 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-22
resolution
resolution · RESOLUTIONS
2026-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22