TRUSTCO PLC.

🌳Matureactive
03476994 · plc · incorporated 1997-12-05
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 Mar 2025
Net worth
£841.9k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62090Other information technology service activities
  • 63110Data processing, hosting and related activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 28.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 28.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 11 with DOB)
87
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
136 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £841,867

Key financials

1 year extracted from filed iXBRL accounts
Cash
£121k
Net Worth
£842k
Current Assets
£5.8m
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Total assets£853.8k
Current assets£5.83M
Cash£121.3k
Debtors£5.71M
Net assets£841.9k

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
0
filings
Last 90 days
2
filings
  • • 2 persons-with-significant-control
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 2 capital
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
  1. 2026-04-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-04-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-03-13
    📄
    capital-return-purchase-own-shares
    capital · SH03
  4. 2026-02-25
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2025-09-29
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  6. 2024-10-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2024-03-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-03-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2024-02-17
    ➖
    LAWTON, Karen Jean resigned
    secretary
  11. 2024-02-17
    ➖
    LAWTON, Karen Jean resigned
    director
  12. 2023-10-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2023-02-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-01-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-01-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-01-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2023-01-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2022-12-31
    ➖
    LAWTON, Kevin James resigned
    director
  19. 2022-12-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2022-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2021-10-11
    📄
    accounts-with-accounts-type-group
    accounts · AA
  22. 2021-03-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2021-03-25
    🔓
    Charge satisfied #4
  24. 2018-08-25
    🔓
    Charge satisfied #6
  25. 2015-03-10
    ➕
    LAWTON, Karen Jean appointed
    director
  26. 2015-03-10
    ➖
    LAWTON, Karen Jean resigned
    director
  27. 2014-12-09
    ➕
    COPE, Michelle Jane appointed
    director
  28. 2013-10-04
    ➕
    CRIPPS, Timothy Edward appointed
    director
  29. 2012-06-19
    🔒
    Charge registered #7
    Lender: Rbs Invoice Finance Limited
  30. 2007-07-19
    🔒
    Charge registered #6
    Lender: Merritts Properties Limited
  31. 2007-07-10
    🔓
    Charge satisfied #3
  32. 2007-05-02
    ➖
    KENNARD, Trevor Robert resigned
    director
  33. 2007-05-02
    ➖
    PEMBROKE, Anthony resigned
    director
  34. 2007-05-01
    ➕
    KENNARD, Trevor Robert appointed
    director
  35. 2007-05-01
    ➕
    PEMBROKE, Anthony appointed
    director
  36. 2007-03-19
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  37. 2005-03-23
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  38. 2004-12-15
    🔓
    Charge satisfied #2
  39. 2004-12-15
    🔓
    Charge satisfied #1
  40. 2004-03-24
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland Commercial Services Limited (The Security Holder)
  41. 2003-11-01
    ➖
    MUNDAY, James Peter resigned
    director
  42. 2001-06-01
    ➕
    MUNDAY, James Peter appointed
    director
  43. 1999-11-15
    ➖
    BRIERLEY, Lisa resigned
    director
  44. 1998-02-24
    🔒
    Charge registered #2
    Lender: Close Invoice Finance Limited
  45. 1998-02-24
    🔒
    Charge registered #1
    Lender: Close Invoice Finance Limited
  46. 1997-12-05
    🏢
    Company incorporated
    As TRUSTCO PLC.
  47. 1997-12-05
    ➕
    LAWTON, Karen Jean appointed
    secretary
  48. 1997-12-05
    ➕
    WATKINS, Margaret Mary appointed
    secretary
  49. 1997-12-05
    ➖
    WATKINS, Margaret Mary resigned
    secretary
  50. 1997-12-05
    ➕
    BRIERLEY, Lisa appointed
    director
Showing most recent 50 of 56 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • secondaryStable-but-static management: Company is 29 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 med ·
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

Criptech Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Criptech Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
TRUSTCO PLC.
This company · 03476994

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Criptech Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting19/01/2026
Mr Timothy Edward Cripps
Individual · British · DOB 08/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
3 historic (ceased) PSCs
  • Mr Kevin James Lawtonceased 19/01/2026· 25-50% shares · 25-50% voting
  • Ms Michelle Copeceased 06/04/2016· 25-50% shares · 25-50% voting
  • Mrs Karen Jean Lawtonceased 06/04/2016· 25-50% shares · 25-50% voting

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

6 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
Typeplc
Incorporated1997-12-05
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

30-34 North Street
Hailsham
BN27 1DW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (2 active · 11 resigned)

COPE, Michelle Jane→
director · ~48y · appointed 2014-12-09
View their other companies + combined net worth →
Active
CRIPPS, Timothy Edward→
director · ~51y · appointed 2013-10-04
View their other companies + combined net worth →
Active
LAWTON, Karen Jean→
secretary · appointed 1997-12-05 · resigned 2024-02-17
Resigned
WATKINS, Margaret Mary→
secretary · appointed 1997-12-05 · resigned 1997-12-05
Resigned
BRIERLEY, Lisa→
director · ~51y · appointed 1997-12-05 · resigned 1999-11-15
Resigned
KENNARD, Trevor Robert→
director · ~64y · appointed 2007-05-01 · resigned 2007-05-02
Resigned
LAWTON, Karen Jean→
director · ~73y · appointed 2015-03-10 · resigned 2024-02-17
Resigned
LAWTON, Karen Jean→
director · ~73y · appointed 1997-12-05 · resigned 2015-03-10
Resigned
LAWTON, Kevin James→
director · ~47y · appointed 1997-12-05 · resigned 2022-12-31
Resigned
MCCOLLUM, Anglea Jean→
director · ~63y · appointed 1997-12-05 · resigned 1997-12-05
Resigned
MUNDAY, James Peter→
director · ~67y · appointed 2001-06-01 · resigned 2003-11-01
Resigned
PEMBROKE, Anthony→
director · ~77y · appointed 2007-05-01 · resigned 2007-05-02
Resigned
TAYLOR, Martyn→
director · ~71y · appointed 1997-12-05 · resigned 1997-12-05
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
All assets debenture1 property19/06/2012—
satisfied
Merritts Properties
Merritts Properties Limited
Rent deposit deed1 property19/07/200725/08/2018
outstanding
National Westminster Bank
National Westminster Bank PLC
Debenture1 property19/03/2007—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property23/03/200525/03/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited (The Security Holder)
Fixed and floating charge1 property24/03/200410/07/2007
satisfied
Close Invoice Finance
Close Invoice Finance Limited
Debenture1 property24/02/199815/12/2004
satisfied
Close Invoice Finance
Close Invoice Finance Limited
Debenture1 property24/02/199815/12/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (136 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-01
capital-return-purchase-own-shares
capital · SH03
2026-03-13
capital-cancellation-shares
capital · SH06
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-medium
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
accounts-with-accounts-type-full
accounts · AA
2024-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-28
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-full
accounts · AA
2023-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-22
termination-director-company-with-name-termination-date
officers · TM01
2023-02-15