XTRM LTD

🌳Matureactive

SC469163 · ltd · incorporated 2014-02-05

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

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Turnover

—

year to Feb 2025

Net worth

£980.9k

book net assets

Opportunity

79/100

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

Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

29 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £980,872

Cash YoY

+6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.8m

↑ 6.3% YoY

Net Worth

£981k

↑ 12% YoY

Current Assets

£1.9m

↑ 7.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-28
Total assets	£980.9k	£877.8k
Current assets	£1.91M	£1.77M
Cash	£1.84M	£1.73M
Debtors	£65.3k	£36.6k
Net assets	£980.9k	£877.8k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 miscellaneous

Last 180 days

filings

• 2 confirmation-statement
• 1 miscellaneous

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-03-19
📄
legacy
miscellaneous · RPCH01
2025-10-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-18
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-09-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-02-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-05
🏢
Company incorporated
As XTRM LTD
2014-02-05
➕
INNES, Andrew appointed
secretary
2014-02-05
➕
GILLESPIE, Robert appointed
director
2014-02-05
➕
INNES, Andrew Colin appointed
director

Owner dependency

73/100

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.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

69/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 12 years.
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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Robert Gillespie Individual · British · DOB 06/1961 · age 65	25–50%	—	25-50% shares	06/04/2016
Mr Andrew Colin Innes Individual · British · DOB 05/1962 · age 64	25–50%	—	25-50% shares	06/04/2016

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.

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Similar companies

Active · Leisure & entertainment · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	14y	91	68y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	22y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	27y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→ SC016172 · est 1930 · no financials extracted	—	—	—	—	95y	83	75y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	33y	83	86y
THE GLADIATOR PROGRAMME LIMITED→ SC214238 · est 2000 · no financials extracted	—	—	—	—	25y	83	74y

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.

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Company details

Statusactive

Typeltd

Incorporated2014-02-05

Jurisdictionscotland

Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

974 Pollokshaws Road

Glasgow

G41 2HA

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-04-03

Last: 2026-03-20

Officers (3 active · 0 resigned)

INNES, Andrew→

secretary · appointed 2014-02-05

View their other companies + combined net worth →

Active

GILLESPIE, Robert→

director · ~65y · appointed 2014-02-05

View their other companies + combined net worth →

Active

INNES, Andrew Colin→

director · ~64y · appointed 2014-02-05

View their other companies + combined net worth →

Active

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