SCOTTISH BALLET

🌳Matureactive
SC065497 · private-limited-guarant-nsc · incorporated 1978-07-27
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 90030Artistic creation
  • 90040Operation of arts facilities
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 19.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 48/100 (high).

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
99 officers (16 active, 99 linked, 88 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
330 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
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (197 events)Click to expand
  1. 2025-09-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-08-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-06-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-06-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-06-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-06-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-05-28
    CORNWELL, Alison Margaret appointed
    director
  8. 2025-05-28
    LORENTZEN, Ingrid Troite appointed
    director
  9. 2025-05-28
    MORTON, Britannia appointed
    director
  10. 2025-05-28
    WARK, Kirsty Anne resigned
    director
  11. 2025-02-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-02-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-02-18
    ALLISON CBE, Barbara resigned
    director
  14. 2025-02-18
    MUIRDEN, Catherine Mary resigned
    director
  15. 2025-01-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2025-01-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-12-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-12-18
    DAVIS, Steven James appointed
    director
  19. 2024-12-18
    GUTHRIE, Catherine Anne appointed
    director
  20. 2024-12-18
    ROLLISON, Richard John appointed
    director
  21. 2024-11-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2023-12-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2023-12-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2023-11-29
    MALBON, Benedict Rupert appointed
    director
  25. 2023-11-29
    SAZAKLIDOU, Fani appointed
    director
  26. 2023-10-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  27. 2023-07-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2023-06-26
    BRANDSEN, Theodorus Hendrikus Johannes resigned
    director
  29. 2023-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  30. 2023-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  31. 2023-06-07
    BARR, Julie Anne appointed
    director
  32. 2023-06-07
    HEDGER, Giles John resigned
    director
  33. 2022-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  34. 2022-11-16
    BATESON, Anna resigned
    director
  35. 2022-09-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  36. 2022-03-23
    AHMAD-ALI, Nadhia appointed
    director
  37. 2022-03-23
    PANCHO, Cassa appointed
    director
  38. 2022-03-23
    MACKENZIE-BLACKMAN, James Robert resigned
    director
  39. 2021-12-09
    BROWN, Janice Margaret resigned
    director
  40. 2021-12-09
    RUDDOCK, Keith Andrew resigned
    director
  41. 2020-12-10
    MURRAY, Norman Loch resigned
    director
  42. 2020-09-09
    PETTIGREW, James Neilson appointed
    director
  43. 2020-03-25
    BENTLEY, Eleanor appointed
    director
  44. 2019-12-12
    CRAW, Jacquelynn Forsyth resigned
    director
  45. 2019-12-12
    GWYON, Rachel resigned
    director
  46. 2019-12-12
    MEIKLE, Callum Alexander resigned
    director
  47. 2019-09-18
    MACKENZIE-BLACKMAN, James Robert appointed
    director
  48. 2019-06-12
    WARK, Kirsty Anne appointed
    director
  49. 2019-03-19
    ALLISON CBE, Barbara appointed
    director
  50. 2019-03-19
    MUIRDEN, Catherine Mary appointed
    director
Showing most recent 50 of 197 events

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -15 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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

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
Typeprivate-limited-guarant-nsc
Incorporated1978-07-27
Jurisdictionscotland
Primary SIC90010 — Performing arts

Registered office

Tramway
25 Albert Drive
Glasgow
G41 2PE

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24

Officers (16 active · 83 resigned)

MACIVER, Neil Duncan
secretary · appointed 2017-12-13
View their other companies + combined net worth →
Active
AHMAD-ALI, Nadhia
director · ~42y · appointed 2022-03-23
View their other companies + combined net worth →
Active
BARR, Julie Anne
director · ~53y · appointed 2023-06-07
View their other companies + combined net worth →
Active
BENTLEY, Eleanor
director · ~57y · appointed 2020-03-25
View their other companies + combined net worth →
Active
CORNWELL, Alison Margaret
director · ~60y · appointed 2025-05-28
View their other companies + combined net worth →
Active
DAVIS, Steven James
director · ~63y · appointed 2024-12-18
View their other companies + combined net worth →
Active
GUTHRIE, Catherine Anne
director · ~63y · appointed 2024-12-18
View their other companies + combined net worth →
Active
HAMPSON, Christopher
director · ~53y · appointed 2015-03-27
View their other companies + combined net worth →
Active
LORENTZEN, Ingrid Troite
director · ~54y · appointed 2025-05-28
View their other companies + combined net worth →
Active
MALBON, Benedict Rupert
director · ~54y · appointed 2023-11-29
View their other companies + combined net worth →
Active
MORTON, Britannia
director · ~60y · appointed 2025-05-28
View their other companies + combined net worth →
Active
PANCHO, Cassa
director · ~48y · appointed 2022-03-23
View their other companies + combined net worth →
Active
PETTIGREW, James Neilson
director · ~68y · appointed 2020-09-09
View their other companies + combined net worth →
Active
ROLLISON, Richard John
director · ~59y · appointed 2024-12-18
View their other companies + combined net worth →
Active
ROTH, Steven John
director · ~64y · appointed 2016-12-13
View their other companies + combined net worth →
Active
SAZAKLIDOU, Fani
director · ~50y · appointed 2023-11-29
View their other companies + combined net worth →
Active
CAMPBELL, Helen Mary
secretary · resigned 1992-12-14
Resigned
DENNY, Christopher James
secretary · appointed 1995-08-14 · resigned 2000-05-10
Resigned
EMDEN, Richard Frederick
secretary · appointed 2007-10-31 · resigned 2011-12-06
Resigned
HACKETT, Paul
secretary · appointed 2011-12-06 · resigned 2012-12-21
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
The Scottish Ministers
A registered charge19/09/2017
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property26/08/200928/04/2017
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property25/06/200928/04/2017
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property12/04/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (330 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
accounts-with-accounts-type-full
accounts · AA
2025-09-22
change-person-director-company-with-change-date
officers · CH01
2025-08-08
appoint-person-director-company-with-name-date
officers · AP01
2025-06-30
appoint-person-director-company-with-name-date
officers · AP01
2025-06-30
appoint-person-director-company-with-name-date
officers · AP01
2025-06-30
termination-director-company-with-name-termination-date
officers · TM01
2025-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-27
termination-director-company-with-name-termination-date
officers · TM01
2025-02-27
appoint-person-director-company-with-name-date
officers · AP01
2025-01-07
appoint-person-director-company-with-name-date
officers · AP01
2025-01-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-20
accounts-with-accounts-type-full
accounts · AA
2024-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-29