GLASGOW AUDIO LIMITED

🌳Matureactive
SC235148 · ltd · incorporated 2002-08-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-304.0k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other construction installation
Sector: Construction
ALSO REGISTERED FOR
  • 47430Retail sale of audio and video equipment in specialised stores
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 71). 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

1 live charge · oldest 18.5y

65/100
clean up first

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

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 9 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
75 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
Negative net assets
Liabilities exceed assets by £304,008
Cash YoY
+102%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£26k
↑ 102% YoY
Net Worth
-£304k
↓ 30% YoY
Current Assets
£361k
↑ 19% YoY
Current Liabilities
—
-£304k-£171k-£38k£95k£228k£361kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-304.0k£-234.5k
Current assets£360.8k£303.7k
Cash£26.3k£13.0k
Debtors£29.7k£33.1k
Net assets£-304.0k£-234.5k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-21
    ➕
    HOLBURN HIFI LTD appointed
    corporate-director
  5. 2023-08-21
    ➖
    WHYTE, Alan Mcalpine resigned
    director
  6. 2023-08-21
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  7. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-08-15
    ➖
    KELLY, Mary resigned
    director
  11. 2022-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-12-20
    ➖
    ROSS, Elliot Wallace resigned
    director
  13. 2021-10-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-06-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2021-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2020-10-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  17. 2020-09-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-08-22
    ➕
    WHYTE, Alan Mcalpine appointed
    director
  19. 2019-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2018-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-06-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2018-06-08
    ➖
    ROSS, Sheila Kerr, Dr resigned
    secretary
  24. 2018-06-08
    ➖
    ROSS, Sheila Kerr, Dr resigned
    director
  25. 2014-10-31
    ➖
    ROSS, Peter Angus resigned
    director
  26. 2009-08-10
    ➕
    KELLY, Mary appointed
    director
  27. 2007-11-06
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  28. 2002-09-09
    ➕
    LEPORT, Ian George appointed
    director
  29. 2002-09-09
    ➕
    TURNER, Jonathan Francis Andrew appointed
    director
  30. 2002-09-09
    ➖
    DICKSON, James resigned
    secretary
  31. 2002-09-09
    ➕
    ROSS, Sheila Kerr, Dr appointed
    secretary
  32. 2002-09-09
    ➖
    DICKSON, James resigned
    director
  33. 2002-09-09
    ➖
    DUNN, Alastair Kenneth resigned
    nominee-director
  34. 2002-09-09
    ➕
    ROSS, Elliot Wallace appointed
    director
  35. 2002-09-09
    ➕
    ROSS, Peter Angus appointed
    director
  36. 2002-09-09
    ➕
    ROSS, Sheila Kerr, Dr appointed
    director
  37. 2002-08-09
    🏢
    Company incorporated
    As GLASGOW AUDIO LIMITED
  38. 2002-08-09
    ➕
    DICKSON, James appointed
    secretary
  39. 2002-08-09
    ➕
    DICKSON, James appointed
    director
  40. 2002-08-09
    ➕
    DUNN, Alastair Kenneth appointed
    nominee-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
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

80/100
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 71 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • 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.)

Group structure

Holburn Hifi Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Holburn Hifi Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
GLASGOW AUDIO LIMITED
This company · SC235148

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Holburn Hifi Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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
Incorporated2002-08-09
Jurisdictionscotland
Primary SIC43290 — Other construction installation

Registered office

441 Holburn Street
Aberdeen
AB10 7GU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-23
Last: 2025-08-09

Officers (3 active · 9 resigned)

LEPORT, Ian George→
director · ~71y · appointed 2002-09-09
View their other companies + combined net worth →
Active
TURNER, Jonathan Francis Andrew→
director · ~49y · appointed 2002-09-09
View their other companies + combined net worth →
Active
HOLBURN HIFI LTD→
corporate-director · appointed 2023-08-21
View their other companies + combined net worth →
Active
DICKSON, James→
secretary · appointed 2002-08-09 · resigned 2002-09-09
Resigned
ROSS, Sheila Kerr, Dr→
secretary · appointed 2002-09-09 · resigned 2018-06-08
Resigned
DICKSON, James→
director · ~61y · appointed 2002-08-09 · resigned 2002-09-09
Resigned
DUNN, Alastair Kenneth→
nominee-director · ~60y · appointed 2002-08-09 · resigned 2002-09-09
Resigned
KELLY, Mary→
director · ~83y · appointed 2009-08-10 · resigned 2023-08-15
Resigned
ROSS, Elliot Wallace→
director · ~90y · appointed 2002-09-09 · resigned 2022-12-20
Resigned
ROSS, Peter Angus→
director · ~90y · appointed 2002-09-09 · resigned 2014-10-31
Resigned
ROSS, Sheila Kerr, Dr→
director · ~83y · appointed 2002-09-09 · resigned 2018-06-08
Resigned
WHYTE, Alan Mcalpine→
director · ~44y · appointed 2020-08-22 · resigned 2023-08-21
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Bond & floating charge1 property06/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
appoint-corporate-director-company-with-name-date
officers · AP02
2023-08-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-20
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-06-29