TTOA LIMITED

🌿Early-stageactive
SC724872 · ltd · incorporated 2022-03-02
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Television programme production activities
Sector: Information & communication
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 3.0y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~3.0 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (83/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Profit before tax—£-1.13M
Average employees00

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

🔒Filing-note intelligence

3 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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-11-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-11-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-11-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-08-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2024-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-03-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2023-11-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-11-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-06-02
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  14. 2023-05-27
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  15. 2023-05-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-05-17
    🔒
    Charge registered #2
    Lender: Sky Studios Limited
  18. 2023-05-17
    🔒
    Charge registered #1
    Lender: Natixis Coficine Sa
  19. 2022-03-02
    🏢
    Company incorporated
    As TTOA LIMITED
  20. 2022-03-02
    ➕
    BURNS, Adrian Michael appointed
    director
  21. 2022-03-02
    ➕
    MUNDELL, Claire Helen appointed
    director
  22. 2022-03-02
    📄
    incorporation-company
    incorporation · NEWINC

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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
NameSharesVoting rightsNature of controlNotified
Mr Adrian Michael Burns
Individual · British · DOB 01/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting02/03/2022
Ms Claire Helen Mundell
Individual · British · DOB 08/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting02/03/2022

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 · Technology · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BIP SOLUTIONS LIMITED→
SC086146 · est 1984
£10.24M
£7.31M–£13.17M
——13742y8379y
BLACKBAUD EUROPE LTD.→
SC212593 · est 2000
£3.33M
£2.38M–£4.28M
£23.77M—1200025y8464y
ALTIA SOLUTIONS LIMITED→
SC228451 · est 2002
£409.8k
£292.7k–£526.9k
£6.88M—024y8360y
ANGEL EYE MEDIA LIMITED→
SC268652 · est 2004
———50021y8361y
APERTA LIMITED→
SC136758 · est 1992
——£13.46M—34y8375y
CALEDONIA TV PRODUCTIONS LTD.→
SC141667 · est 1992
——£451.3k—33y8377y
CRAB APPLE FILMS LIMITED→
SC242643 · est 2003
———20023y8364y
CUE AND REVIEW RECORDING SERVICE LIMITED→
SC129748 · est 1991 · no financials extracted
————35y8378y
E-MAX SYSTEMS LIMITED→
SC189614 · est 1998
——£290.8k—27y8376y
ELASTIC CREATIVE LTD.→
SC203930 · est 2000
——£20.1k—26y8358y
EURITEC LIMITED→
SC132746 · est 1991
——£2.4k—34y8377y
EURO SYSTEMS (SCOTLAND) LIMITED→
SC360587 · est 2009 · no financials extracted
————16y8367y
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
Incorporated2022-03-02
Jurisdictionscotland
Primary SIC59113 — Television programme production activities

Registered office

Studio 15 St George's Studios
93-97 St George's Road
Glasgow
G3 6JA
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (2 active · 0 resigned)

BURNS, Adrian Michael→
director · ~58y · appointed 2022-03-02
View their other companies + combined net worth →
Active
MUNDELL, Claire Helen→
director · ~58y · appointed 2022-03-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Sky Studios
Sky Studios Limited
A registered charge1 property17/05/2023—
outstanding
Natixis Coficine Sa
A registered charge—17/05/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-04
change-person-director-company-with-change-date
officers · CH01
2024-11-04
change-person-director-company-with-change-date
officers · CH01
2024-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28