12GUITARS LTD

🏛️Establishedactive
SC628121 · private-limited-guarant-nsc · incorporated 2019-04-18
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 Apr 2025
Net worth
£989
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Educational support services
Sector: Education
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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

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
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £989
Net assets shrinking
Down £1,938 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£989
↓ 66% YoY
Current Assets
£389
↓ 75% YoY
Current Liabilities
—
£0£585£1k£2k£2k£3kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£989£2.9k
Current assets£389£1.5k
Net assets£989£2.9k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-31
    ➖
    DUNN, Stephen Patrick resigned
    director
  5. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-03-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-03-07
    ➖
    MORTON, Kenneth George resigned
    director
  8. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2020-08-01
    ➕
    PLUMMER, Stephen Philip appointed
    director
  15. 2020-08-01
    ➕
    DUNN, Stephen Patrick appointed
    director
  16. 2020-08-01
    ➕
    MORTON, Kenneth George appointed
    director
  17. 2019-04-18
    🏢
    Company incorporated
    As 12GUITARS LTD
  18. 2019-04-18
    ➕
    THOROGOOD, Gerard appointed
    director
  19. 2019-04-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Gerard Thorogood
Individual · British · DOB 04/1961 · age 65
—75–100%75-100% voting18/04/2019

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
Typeprivate-limited-guarant-nsc
Incorporated2019-04-18
Jurisdictionscotland
Primary SIC85600 — Educational support services

Registered office

3 Baird Gardens
Blantyre
Glasgow
G72 0WT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (2 active · 2 resigned)

PLUMMER, Stephen Philip→
director · ~61y · appointed 2020-08-01
View their other companies + combined net worth →
Active
THOROGOOD, Gerard→
director · ~65y · appointed 2019-04-18
View their other companies + combined net worth →
Active
DUNN, Stephen Patrick→
director · ~53y · appointed 2020-08-01 · resigned 2024-12-31
Resigned
MORTON, Kenneth George→
director · ~71y · appointed 2020-08-01 · resigned 2023-03-07
Resigned

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

Recent filings (19 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-24
termination-director-company-with-name-termination-date
officers · TM01
2025-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-26
termination-director-company-with-name-termination-date
officers · TM01
2023-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-26
appoint-person-director-company-with-name-date
officers · AP01
2020-08-07