TRATHENS TRAVEL SERVICES LIMITED

⚰️Wound downdissolved

01792858 · ltd · incorporated 1984-02-17

Investment thesis

Company dissolved — 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

63/100

Worth a look

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What this business does

Primary activity: SIC 49390

Sector: Transportation & storage

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 72/100. Strong seller-intent signal (68/100, director aged 77). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

13 live charges · 6 lenders · oldest 36.6y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 36.6 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: medium (61/100)

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

No iXBRL financials extracted

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

22 officers (6 active, 22 linked, 19 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

20 connected companies via shared directors

Filing history

181 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

63/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

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 (79 events)Click to expand

2025-02-18
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-02-18
🏁
Company dissolved
2024-12-03
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2024-11-22
📄
dissolution-application-strike-off-company
dissolution · DS01
2024-11-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-29
➖
PARK, Douglas Ireland resigned
director
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-05-31
➖
BRYCE, Alexander Stewart resigned
director
2022-05-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-15
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-27
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-27
🔓
Charge satisfied #13
2020-05-11
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-01
📄
accounts-with-accounts-type-small
accounts · AA
2018-11-30
📄
accounts-with-accounts-type-small
accounts · AA
2017-11-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-11-17
➕
NOBLE, Alasdair George appointed
director
2017-11-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-11-14
📄
accounts-with-accounts-type-small
accounts · AA
2017-11-03
➖
DONNACHIE, Gerard resigned
director
2017-10-06
➕
NOBLE, Alasdair George appointed
secretary
2017-10-06
➖
DONNACHIE, Gerard resigned
secretary
2017-10-06
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2017-10-06
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2015-11-01
➕
PARK, Graeme Thomas appointed
director
2015-11-01
➕
PARK, Douglas Ireland appointed
director
2015-06-23
➖
PARK, Douglas Ireland resigned
director
2010-04-06
➕
PARK, Ross William appointed
director
2010-04-06
➕
BRYCE, Alexander Stewart appointed
director
2007-11-05
➖
BROWN, Steve resigned
director
2006-05-04
➕
CUMMING, William appointed
director
2006-05-04
➕
BROWN, Steve appointed
director
2003-06-30
➖
MILLER, John resigned
director
2003-01-31
➖
COLE, Ian Edward resigned
director
2002-12-31
➖
TRATHEN, Michael George resigned
director
2001-11-01
➕
COLE, Ian Edward appointed
director
1999-07-26
➖
HEATH, David resigned
director
1999-04-30
➖
WYPER, Robert Littlejohn resigned
director
1998-09-02
➕
WYPER, Robert Littlejohn appointed
director
1996-09-24
🔓
Charge satisfied #12
1996-09-24
🔓
Charge satisfied #11
1996-09-24
🔓
Charge satisfied #10
1996-09-24
🔓
Charge satisfied #9
1996-09-24
🔓
Charge satisfied #8
1996-09-24
🔓
Charge satisfied #7
1996-09-24
🔓
Charge satisfied #6
1996-09-24
🔓
Charge satisfied #5
1996-09-24
🔓
Charge satisfied #4

Showing most recent 50 of 79 events

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 77 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 42 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

1 high · 1 med ·

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-02-18

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Park's Of Hamilton (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Park's Of Hamilton (Holdings) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

TRATHENS TRAVEL SERVICES LIMITED

This company · 01792858

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%

Name	Shares	Voting rights	Nature of control	Notified
Park's Of Hamilton (Holdings) Limited Corporate entity	75–100%	—	75-100% shares	06/04/2016

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

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.

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Company details

Statusdissolved

Typeltd

Incorporated1984-02-17

Jurisdictionengland-wales

Primary SIC49390 — SIC 49390

Registered office

Walkham Business Park

Burrington Way

Plymouth

PL5 3LS

Filing status

Accounts

Next due: —

Last made up to: 2023-03-31

Confirmation statement

Next due: —

Last: 2024-04-18