FOOTLIGHTS EDINBURGH LTD

🌳Matureactive
SC486062 · ltd · incorporated 2014-09-05
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Oct 2024
Net worth
£-32.5k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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 (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £32,527
Net assets shrinking
Down £41,026 YoY
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 84% YoY
Net Worth
-£33k
↓ 483% YoY
Current Assets
£64k
↓ 16% YoY
Current Liabilities
—
-£33k-£11k£11k£33k£54k£76kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-6.1k£47.7k
Current assets£63.7k£76.1k
Cash£6.2k£38.6k
Debtors£46.5k£27.0k
Net assets£-32.5k£8.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2023-02-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-12-12
    ➕
    RUSSELL, Anthea Joan appointed
    director
  7. 2022-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-10-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2021-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-02-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2021-01-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2021-01-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2020-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-08-21
    ➖
    RUSSELL, Anthea Joan resigned
    director
  18. 2014-09-05
    🏢
    Company incorporated
    As FOOTLIGHTS EDINBURGH LTD
  19. 2014-09-05
    ➕
    RUSSELL, Lee appointed
    director
  20. 2014-09-05
    ➕
    RUSSELL, Anthea Joan appointed
    director

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Lee Russell
Individual · British · DOB 08/1973 · age 53
75–100%
75–100%board control75-100% shares · 75-100% voting · board control05/09/2016
1 historic (ceased) PSC
  • Mrs Anthea Joan Russellceased 21/08/2017· 25-50% shares · 25-50% voting

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 · Hospitality · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE BONHAM HOTEL EDINBURGH LIMITED→
SC118669 · est 1989
£13.13M
£9.85M–£16.41M
——6536y8369y
OMNI TAVERNS LTD.→
SC307655 · est 2006
£2.89M
£2.17M–£3.61M
——8519y8760y
ADJUSTLIGHT LIMITED→
SC139599 · est 1992 · no financials extracted
————33y8358y
ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→
SC272735 · est 2004 · no financials extracted
————21y8379y
COURT HOTEL SUITES LIMITED→
SC373209 · est 2010
——£553.1k—16y8364y
DESTINATION EDINBURGH LIMITED→
SC357298 · est 2009
——£254.5k—17y8358y
ELITE HOTELS LIMITED→
SC103199 · est 1987
———039y8376y
J J BEAM LIMITED→
SC132477 · est 1991
———1835y8374y
MORAG'S LODGES LIMITED→
SC192271 · est 1998 · no financials extracted
————27y8361y
SALTIRE HOSPITALITY LIMITED→
SC208776 · est 2000
———8325y8363y
SCOTS GUARDS ASSOCIATION CLUB, LIMITED→
SC013223 · est 1924
———6101y8380y
STAY CITY APARTMENTS LTD.→
SC338588 · est 2008 · no financials extracted
————18y8359y
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
Incorporated2014-09-05
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

7/11 Spittal Street
Edinburgh
EH3 9DY

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (2 active · 1 resigned)

RUSSELL, Anthea Joan→
director · ~53y · appointed 2022-12-12
View their other companies + combined net worth →
Active
RUSSELL, Lee→
director · ~53y · appointed 2014-09-05
View their other companies + combined net worth →
Active
RUSSELL, Anthea Joan→
director · ~53y · appointed 2014-09-05 · resigned 2017-08-21
Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-10
appoint-person-director-company-with-name-date
officers · AP01
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
gazette-filings-brought-up-to-date
gazette · DISS40
2021-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-08
gazette-notice-compulsory
gazette · GAZ1
2021-09-28
gazette-filings-brought-up-to-date
gazette · DISS40
2021-02-16