FILM VEHICLE SOURCING LTD

🚨Distressedactive
SC647443 · ltd · incorporated 2019-11-18
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2024
Net worth
£-66.1k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Operation of arts facilities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

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 (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
75
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 105 (micro)
Negative net assets
Liabilities exceed assets by £66,075
Net assets shrinking
Down £230,953 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£66k
↓ 140% YoY
Current Assets
£56
↓ 99% YoY
Current Liabilities
-£66k-£20k£26k£72k£119k£165kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-03-312023-03-31
Total assets£-66.1k£164.9k
Current assets£56£7.3k
Net assets£-66.1k£164.9k

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
7
filings
  • 3 officers
  • 3 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
7
filings
  • 3 officers
  • 3 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-03-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2025-08-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2025-07-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2025-07-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  10. 2025-05-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2025-02-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2025-02-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2024-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2024-05-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2024-05-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2024-02-17
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2024-02-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2022-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2022-02-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  20. 2022-02-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  21. 2019-11-18
    🏢
    Company incorporated
    As FILM VEHICLE SOURCING LTD
  22. 2019-11-18
    CONLEY, Declan Graham appointed
    director
  23. 2019-11-18
    CONLEY, Graham appointed
    director
  24. 2019-11-18
    ORR, Hugh Kyle 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
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100
Moderate signal

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

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

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Hugh Kyle Orr
Individual · British · DOB 05/1965 · age 61
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/11/2019
Mr Declan Graham Conley
Individual · British · DOB 04/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/11/2019
Mr Graham Conley
Individual · British · DOB 12/1970 · age 56
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/11/2019

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

8 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
Incorporated2019-11-18
Jurisdictionscotland
Primary SIC90040 — Operation of arts facilities

Registered office

37 Gartuck Street
Glasgow
G42 8JG

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (3 active · 0 resigned)

CONLEY, Declan Graham
director · ~36y · appointed 2019-11-18
View their other companies + combined net worth →
Active
CONLEY, Graham
director · ~56y · appointed 2019-11-18
View their other companies + combined net worth →
Active
ORR, Hugh Kyle
director · ~61y · appointed 2019-11-18
View their other companies + combined net worth →
Active

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

Recent filings (30 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-25
change-person-director-company-with-change-date
officers · CH01
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-03-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-12
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-16
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-07-15
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-18
gazette-filings-brought-up-to-date
gazette · DISS40
2025-02-15
gazette-notice-compulsory
gazette · GAZ1
2025-02-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-20