DISCREET TOURS LTD
💤Zombieactive
SC501303 · ltd · incorporated 2015-03-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-18.8k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -90% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 6.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £18,750
Cash draining
Cash down 90% YoY
Cash YoY
-90%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
↓ 90% YoY
Net Worth
-£19k
↓ 215% YoY
Current Assets
£68k
↓ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £40.0k | £83.8k |
| Current assets | £68.0k | £79.6k |
| Cash | £4.2k | £40.3k |
| Debtors | £63.8k | £39.4k |
| Net assets | £-18.8k | £-6.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-10-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-10-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-04-28🔓Charge satisfied #1
- 2020-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-06-30🔒Charge registered #2Lender: Arkle Finance Limited
- 2020-06-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-29🔒Charge registered #1Lender: Arkle Finance LTD
- 2019-08-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-11-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-01📄capital-allotment-sharescapital · SH01
- 2016-05-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-23🏢Company incorporatedAs DISCREET TOURS LTD
- 2015-03-23➕WIGHT, Matthew Kennedy appointeddirector
Owner dependency
80/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Kennedy Wight Individual · Scottish · DOB 09/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 08/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Leisure & entertainment · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FESTIVALS EDINBURGH LIMITED→ SC331673 · est 2007 | £179.5k £139.6k–£219.4k | — | — | 6 | 18y | 86 | 70y |
| ALHAMBRA THEATRE TRUST→ SC345187 · est 2008 · no financials extracted | — | — | — | — | 17y | 83 | 77y |
| ARCHERFIELD & FIDRA GOLF COURSES LIMITED→ SC260327 · est 2003 · no financials extracted | — | — | — | — | 22y | 83 | 79y |
| ASSEMBLY THEATRE LIMITED→ SC092088 · est 1985 | — | — | £185.5k | — | 41y | 83 | 78y |
| BRAID HILLS SHOP LIMITED→ SC177390 · est 1997 · no financials extracted | — | — | — | — | 28y | 83 | 70y |
| CHEEK BY JOWL THEATRE COMPANY LIMITED→ SC078954 · est 1982 · no financials extracted | — | — | — | — | 43y | 83 | 74y |
| CORRIES (MUSIC) LTD., THE→ SC056353 · est 1974 | — | — | £2 | — | 51y | 83 | 89y |
| DM AUDIO LIMITED→ SC245613 · est 2003 | — | — | — | 9 | 23y | 83 | 61y |
| HISTORIC CHURCHES SCOTLAND→ SC162884 · est 1996 · no financials extracted | — | — | — | — | 30y | 83 | 77y |
| INCH PARK COMMUNITY SPORTS CLUB→ SC342628 · est 2008 | — | — | £1.28M | — | 17y | 83 | 70y |
| MAGNETIC NORTH THEATRE PRODUCTIONS LIMITED→ SC199210 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 75y |
| WORK OF IRON CIC→ SC839039 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2015-03-23
Jurisdictionscotland
Primary SIC79120 — Tour operator activities
Registered office
12 Hallcroft Rise
Edinburgh
EH28 8RX
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-09
Last: 2026-01-26
Officers (1 active · 0 resigned)
WIGHT, Matthew Kennedy→
Activedirector · ~50y · appointed 2015-03-23
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Arkle Finance Arkle Finance Limited | A registered charge | 1 property | 30/06/2020 | — | |
| satisfied | Arkle Finance Arkle Finance LTD | A registered charge | 1 property | 29/11/2019 | 28/04/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-07
mortgage-satisfy-charge-full
mortgage · MR04
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-06-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04