ASSEMBLY THEATRE LIMITED

🌳Matureactive
SC092088 · private-limited-guarant-nsc · incorporated 1985-03-11
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
—
year to Dec 2024
Net worth
£185.5k
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 27.7y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 27.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (75/100)

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
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
24 officers (5 active, 24 linked, 20 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
14 connected companies via shared directors
87
Filing history
138 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £185,530
Net assets shrinking
Down £35,777 YoY
Cash YoY
-24%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£160k
↓ 24% YoY
Net Worth
£186k
↓ 16% YoY
Current Assets
£221k
↓ 16% YoY
Current Liabilities
—
£0£53k£105k£158k£211k£263kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£185.5k£221.3k
Current assets£220.8k£263.5k
Cash£160.1k£210.0k
Debtors£53.6k£43.9k
Net assets£185.5k£221.3k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2020-06-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-06-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-06-12
    ➕
    RAE, Diane Marie appointed
    director
  11. 2020-06-12
    ➕
    WHYBREW, Nicholas James appointed
    director
  12. 2020-06-12
    ➖
    SMITH, Sarah resigned
    director
  13. 2020-06-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2020-06-03
    ➖
    HORNSBY, Guy Philip resigned
    secretary
  15. 2020-02-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-01-28
    ➖
    BURGESS, Sharon resigned
    director
  17. 2019-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-03-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2018-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-02-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-02-01
    ➕
    BURGESS, Sharon appointed
    director
  23. 2012-05-08
    ➖
    MACDONALD, Robert Iain resigned
    director
  24. 2011-09-20
    ➖
    SHIELDS, Mary Margaret resigned
    director
  25. 2010-05-11
    ➕
    HORNSBY, Guy Philip appointed
    secretary
  26. 2010-05-11
    ➖
    MACDONALD, Robert Iain resigned
    secretary
  27. 2009-04-04
    🔓
    Charge satisfied #1
  28. 2008-07-24
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  29. 2007-03-24
    ➖
    ASHWORTH, Gary Peter resigned
    director
  30. 2007-03-24
    ➖
    JOHNSON, Luke resigned
    director
  31. 2004-06-18
    ➕
    SHIELDS, Mary Margaret appointed
    director
  32. 2002-05-10
    ➕
    SMITH, Sarah appointed
    director
  33. 2000-01-28
    ➖
    WILLIAMSON, Paul resigned
    director
  34. 1999-11-29
    ➕
    DALE, Michael Delanoy appointed
    director
  35. 1999-11-29
    ➖
    ARCHER, John William resigned
    director
  36. 1999-11-29
    ➕
    ASHWORTH, Gary Peter appointed
    director
  37. 1999-11-29
    ➕
    JOHNSON, Luke appointed
    director
  38. 1998-11-23
    ➖
    WISHART, Ruth, Dr resigned
    director
  39. 1998-08-05
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  40. 1998-07-01
    ➖
    MARSHALL, Lawrence resigned
    director
  41. 1997-02-03
    ➕
    ROSS, Alexander appointed
    director
  42. 1997-02-03
    ➕
    ARCHER, John William appointed
    director
  43. 1997-02-03
    ➕
    MARSHALL, Lawrence appointed
    director
  44. 1997-02-03
    ➕
    WILLIAMSON, Paul appointed
    director
  45. 1996-12-09
    ➖
    ALEXANDER, Richard Alan Stuart resigned
    director
  46. 1992-01-06
    ➖
    VESTRI, Paolo resigned
    director
  47. 1990-11-20
    ➕
    MACDONALD, Robert Iain appointed
    secretary
  48. 1990-11-20
    ➖
    SPENCE, Roger David Lynas resigned
    secretary
  49. 1990-11-20
    ➖
    SPENCE, Roger David Lynas resigned
    director
  50. 1990-07-01
    ➖
    MOFFAT, Alistair Murray resigned
    director
Showing most recent 50 of 57 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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.)
🔒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
Incorporated1985-03-11
Jurisdictionscotland
Primary SIC90030 — Artistic creation

Registered office

2 Roxburgh Place
Edinburgh
EH8 9SU
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (5 active · 19 resigned)

BURDETT-COUTTS, William Walter→
director · ~71y
View their other companies + combined net worth →
Active
DALE, Michael Delanoy→
director · ~77y · appointed 1999-11-29
View their other companies + combined net worth →
Active
RAE, Diane Marie→
director · ~42y · appointed 2020-06-12
View their other companies + combined net worth →
Active
ROSS, Alexander→
director · ~78y · appointed 1997-02-03
View their other companies + combined net worth →
Active
WHYBREW, Nicholas James→
director · ~50y · appointed 2020-06-12
View their other companies + combined net worth →
Active
HORNSBY, Guy Philip→
secretary · appointed 2010-05-11 · resigned 2020-06-03
Resigned
MACDONALD, Robert Iain→
secretary · appointed 1990-11-20 · resigned 2010-05-11
Resigned
SPENCE, Roger David Lynas→
secretary · resigned 1990-11-20
Resigned
ALEXANDER, Richard Alan Stuart→
director · ~94y · appointed 1990-01-30 · resigned 1996-12-09
Resigned
ARCHER, John William→
director · ~73y · appointed 1997-02-03 · resigned 1999-11-29
Resigned
ASHWORTH, Gary Peter→
director · ~66y · appointed 1999-11-29 · resigned 2007-03-24
Resigned
BURGESS, Sharon→
director · ~63y · appointed 2018-02-01 · resigned 2020-01-28
Resigned
JOHNSON, Luke→
director · ~64y · appointed 1999-11-29 · resigned 2007-03-24
Resigned
MACDONALD, Robert Iain→
director · ~72y · resigned 2012-05-08
Resigned
MARSHALL, Lawrence→
director · ~70y · appointed 1997-02-03 · resigned 1998-07-01
Resigned
MOFFAT, Alistair Murray→
director · ~76y · resigned 1990-07-01
Resigned
SHIELDS, Mary Margaret→
director · ~62y · appointed 2004-06-18 · resigned 2011-09-20
Resigned
SMITH, Ronald→
director · resigned 1990-01-29
Resigned
SMITH, Sarah→
director · ~58y · appointed 2002-05-10 · resigned 2020-06-12
Resigned
SMITH OF GILMOREHILL, Elizabeth Margaret, Baroness Smith Of Gilmorehill→
director · ~86y · appointed 1988-10-04 · resigned 1990-01-29
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Bond & floating charge1 property24/07/2008—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property05/08/199804/04/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (138 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-05
appoint-person-director-company-with-name-date
officers · AP01
2020-06-24
appoint-person-director-company-with-name-date
officers · AP01
2020-06-24
termination-director-company-with-name-termination-date
officers · TM01
2020-06-24