FRIENDS OF CULZEAN

🌳Matureactive
SC317093 · private-limited-guarant-nsc-limited-exemption · incorporated 2007-02-22
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.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Museum activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (72/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (6 active, 7 linked, 6 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees00

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-01-17
    SHANLEY, Karen Eilis Anna appointed
    director
  6. 2023-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2022-11-14
    MAY, Kelvin appointed
    director
  9. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-03-11
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  17. 2015-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2015-02-24
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  19. 2012-08-10
    WYLIE, Jennifer Rosemary resigned
    director
  20. 2007-02-22
    🏢
    Company incorporated
    As FRIENDS OF CULZEAN
  21. 2007-02-22
    RATTENBURY, John Douglas appointed
    secretary
  22. 2007-02-22
    GEDDES, Norman George appointed
    director
  23. 2007-02-22
    KENNEDY, David Thomas, Lord appointed
    director
  24. 2007-02-22
    RATTENBURY, John Douglas appointed
    director
  25. 2007-02-22
    WYLIE, Jennifer Rosemary appointed
    director

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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-08

🔒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

8 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-limited-exemption
Incorporated2007-02-22
Jurisdictionscotland
Primary SIC91020 — Museum activities

Registered office

4 Ewenfield Park
Ayr
Ayrshire
KA7 2QG

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-08OVERDUE
Last: 2025-02-22

Officers (6 active · 1 resigned)

RATTENBURY, John Douglas
secretary · appointed 2007-02-22
View their other companies + combined net worth →
Active
GEDDES, Norman George
director · ~72y · appointed 2007-02-22
View their other companies + combined net worth →
Active
KENNEDY, David Thomas, Lord
director · ~68y · appointed 2007-02-22
View their other companies + combined net worth →
Active
MAY, Kelvin
director · ~79y · appointed 2022-11-14
View their other companies + combined net worth →
Active
RATTENBURY, John Douglas
director · ~76y · appointed 2007-02-22
View their other companies + combined net worth →
Active
SHANLEY, Karen Eilis Anna
director · ~68y · appointed 2024-01-17
View their other companies + combined net worth →
Active
WYLIE, Jennifer Rosemary
director · ~80y · appointed 2007-02-22 · resigned 2012-08-10
Resigned

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

Recent filings (44 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-04
change-person-director-company-with-change-date
officers · CH01
2024-04-11
appoint-person-director-company-with-name-date
officers · AP01
2024-04-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
appoint-person-director-company-with-name-date
officers · AP01
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-02