MUFFLE ACOUSTICS LIMITED

💤Zombieactive
SC650727 · ltd · incorporated 2020-01-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Retail sale via mail order houses or via Internet
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Average employees3

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
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 90 days
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
4
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-07-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-06-25
    HART-DAVIES, Adam Simon resigned
    director
  7. 2025-06-25
    WHYMAN, Greg Stuart resigned
    director
  8. 2024-11-27
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  9. 2024-10-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-09-25
    WHYMAN, Greg Stuart appointed
    director
  11. 2024-08-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2024-04-04
    LEATHAM, Tyler James appointed
    director
  13. 2024-04-04
    HART-DAVIES, Adam Simon appointed
    director
  14. 2024-04-04
    LEATHAM, Andrea Jayne resigned
    director
  15. 2024-04-04
    LEATHAM, James Robert resigned
    director
  16. 2024-04-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  17. 2024-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2024-04-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-04-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2024-04-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2024-04-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2023-08-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2022-08-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2022-08-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  26. 2022-08-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  27. 2022-08-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  28. 2021-09-01
    HOLLER, Andrew Gary resigned
    director
  29. 2020-01-07
    🏢
    Company incorporated
    As MUFFLE ACOUSTICS LIMITED
  30. 2020-01-07
    HOLLER, Andrew Gary appointed
    director
  31. 2020-01-07
    LEATHAM, Andrea Jayne appointed
    director
  32. 2020-01-07
    LEATHAM, James Robert 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

45/100
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.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HART-DAVIES, Adam Simon resigned 2025-06-25; WHYMAN, Greg Stuart resigned 2025-06-25

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Robert Leatham
Individual · British · DOB 10/1974 · age 52
5075%
board control50-75% shares · board control07/01/2020
Mrs Andrea Jayne Leatham
Individual · British · DOB 02/1974 · age 52
2550%
25–50%board control25-50% shares · 25-50% voting · board control07/01/2020
1 historic (ceased) PSC
  • Mr Andrew Gary Hollerceased 23/05/2022· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2020-01-07
Jurisdictionscotland
Primary SIC47910 — Retail sale via mail order houses or via Internet

Registered office

Kilphin House Glenapp Estate
Ballantrae
Girvan
KA26 0NY
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05

Officers (1 active · 5 resigned)

LEATHAM, Tyler James
director · ~25y · appointed 2024-04-04
View their other companies + combined net worth →
Active
HART-DAVIES, Adam Simon
director · ~35y · appointed 2024-04-04 · resigned 2025-06-25
Resigned
HOLLER, Andrew Gary
director · ~46y · appointed 2020-01-07 · resigned 2021-09-01
Resigned
LEATHAM, Andrea Jayne
director · ~52y · appointed 2020-01-07 · resigned 2024-04-04
Resigned
LEATHAM, James Robert
director · ~52y · appointed 2020-01-07 · resigned 2024-04-04
Resigned
WHYMAN, Greg Stuart
director · ~52y · appointed 2024-09-25 · resigned 2025-06-25
Resigned

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

Recent filings (31 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
termination-director-company-with-name-termination-date
officers · TM01
2025-08-12
termination-director-company-with-name-termination-date
officers · TM01
2025-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
change-account-reference-date-company-current-extended
accounts · AA01
2024-11-27
appoint-person-director-company-with-name-date
officers · AP01
2024-10-08
accounts-with-accounts-type-dormant
accounts · AA
2024-08-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-05
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-04
termination-director-company-with-name-termination-date
officers · TM01
2024-04-04
termination-director-company-with-name-termination-date
officers · TM01
2024-04-04
appoint-person-director-company-with-name-date
officers · AP01
2024-04-04