TRADITIONAL MUSIC FORUM

⚰️Wound downconverted-closed

SC359609 · converted-or-closed · incorporated 2009-05-14

Investment thesis

Company converted closed — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: Support activities to performing arts

Sector: Arts, entertainment & recreation

Investor take

Pursue

Unclear. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (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 (65/100).

Data confidence

Overall: low (46/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

25 officers (13 active, 25 linked, 23 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (64 events)Click to expand

2015-02-04
📄
resolution
resolution · RESOLUTIONS
2015-02-04
🏁
Company dissolved
2014-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-08-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2014-07-15
➖
DEWAR, David William resigned
director
2014-06-04
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-06-04
📄
termination-director-company-with-name
officers · TM01
2014-05-14
➖
MUIRHEAD, Fergus Hugh resigned
director
2014-03-27
➖
MACLENNAN, Margo resigned
director
2014-03-27
📄
termination-director-company-with-name
officers · TM01
2014-02-09
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
appoint-person-director-company-with-name
officers · AP01
2014-01-05
📄
termination-director-company-with-name
officers · TM01
2014-01-05
📄
termination-director-company-with-name
officers · TM01
2013-12-13
➕
BORT, Eberhard appointed
director
2013-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-11-21
➕
FRASER, Iain Robert appointed
director
2013-11-13
➕
BACHELL, Andrew Kenneth appointed
director
2013-11-13
➕
HOLMES, Katriona Mei-Li appointed
director
2013-11-13
➕
MAIN, Carol Betsy Lees Dickson appointed
director
2013-11-13
➕
DEWAR, David William appointed
director
2013-11-13
➖
FRAME, Gillian Mccridle resigned
director
2013-11-13
➕
MUIRHEAD, Fergus Hugh appointed
director
2013-11-13
➖
PATERSON, Carolyn resigned
director
2013-05-28
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2013-05-27
📄
termination-director-company-with-name
officers · TM01
2013-05-27
📍
move-registers-to-registered-office-company
address · AD04
2013-05-10
➖
BYRNE, Steven Alan resigned
director
2013-05-01
📄
termination-director-company-with-name
officers · TM01
2013-04-29
➖
MCDONALD, Larissa resigned
director
2013-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2012-12-31
📄
appoint-person-director-company-with-name
officers · AP01
2012-11-03
➕
MCDONALD, Larissa appointed
director
2012-06-08
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2012-01-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-12-30
📄
appoint-person-director-company-with-name
officers · AP01
2011-11-12
➕
RUSSELL, Ian Gordon, Dr appointed
director
2011-11-12
➕
MACLENNAN, Margo appointed
director
2011-11-12
➖
MIDGLEY, Derek Royce resigned
director
2010-11-04
➖
CORMACK, Arthur Edward resigned
director
2010-11-04
➕
MIDGLEY, Derek Royce appointed
director
2010-11-04
➖
WALLACE, Robert Andrew resigned
director
2009-11-04
➕
WARD, Richard John appointed
secretary
2009-11-04
➕
DALGETTY, Fiona Laura appointed
director
2009-11-04
➕
DICKSON, Joshua Howard appointed
director

Showing most recent 50 of 64 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

-12 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

83/100

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 79 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 17 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.)

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

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Company details

Statusconverted-closed

Typeconverted-or-closed

Incorporated2009-05-14

Jurisdictionscotland

Primary SIC90020 — Support activities to performing arts

Registered office

214 Portobello High Street

Edinburgh

EH15 2AL

Filing status

Accounts

Next due: —

Last made up to: 2014-03-31

Confirmation statement

Next due: —

Last: —