TREF NO.2 LIMITED
🌳Matureactive
07283404 · ltd · incorporated 2010-06-14
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 Dec 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (82/100)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
9 officers (2 active, 9 linked, 9 with DOB)
90
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2025-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-30➕TOOR, Nauman Yousaf appointeddirector
- 2025-06-30➖HUBBARD, Matthew Richard resigneddirector
- 2024-09-19📄accounts-with-accounts-type-smallaccounts · AA
- 2024-03-21📄accounts-with-accounts-type-smallaccounts · AA
- 2022-11-02📄accounts-with-accounts-type-smallaccounts · AA
- 2021-08-04📄accounts-with-accounts-type-smallaccounts · AA
- 2021-02-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-02-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-02-05➕HUBBARD, Matthew Richard appointeddirector
- 2021-02-05➖RIDLEY, Matthew Derek George resigneddirector
- 2020-12-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-16📄accounts-with-accounts-type-smallaccounts · AA
- 2019-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2019-09-16📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2019-09-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-03-25📄legacycapital · SH20
- 2019-03-25📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2019-03-25⚠️legacyinsolvency · CAP-SS
- 2019-03-25📄resolutionresolution · RESOLUTIONS
- 2016-11-08➕WATSON, Sebastian Laurence Grenville appointeddirector
- 2016-11-08➖FAYE, Salomon John, Director resigneddirector
- 2015-11-04➖CORKER, David Michael resigneddirector
- 2015-11-04➕FAYE, Salomon John, Director appointeddirector
- 2015-11-04➖HILL, Clive resigneddirector
- 2015-11-04➕RIDLEY, Matthew Derek George appointeddirector
- 2015-11-04➖SWALLOW, Peter David resigneddirector
- 2010-06-14🏢Company incorporatedAs TREF NO.2 LIMITED
- 2010-06-14➕CORKER, David Michael appointeddirector
- 2010-06-14➕HILL, Clive appointeddirector
- 2010-06-14➕ROUND, Jonathon Charles appointeddirector
- 2010-06-14➖ROUND, Jonathon Charles resigneddirector
- 2010-06-14➕SWALLOW, Peter David appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome 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
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2019-03-25: legacy
🔒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 →Similar companies
Active · Energy & utilities · WC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ARDENT ENERGY TRADING LIMITED→ 12280039 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ARITHMETICA SERVICES LIMITED→ 15335497 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ARKCRAFT LTD→ 16569580 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARM CEDAR LIMITED→ 15507927 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ARM ELDER LIMITED→ 15508006 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ARM MAPLE LIMITED→ 16264019 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARM POPLAR LIMITED→ 16264042 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ARNICON LTD→ 16766558 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASBESTOS EXPERTS LTD→ 16933611 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BATTERY ENERGY STORAGE SOLUTIONS LIMITED→ 11339217 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| BAYWA R.E. ENERGY TRADING UK LIMITED→ 15405596 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BAYWA R.E. UK (DEVELOPMENTS) LIMITED→ 08385125 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2010-06-14
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110
Registered office
C/O Temporis Capital Limited 7th Floor, Wellington House
125 -130 Strand
London
WC2R 0AP
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-23
Last: 2025-06-09
Officers (2 active · 7 resigned)
TOOR, Nauman Yousaf→
Activedirector · ~37y · appointed 2025-06-30
View their other companies + combined net worth →
WATSON, Sebastian Laurence Grenville→
Activedirector · ~44y · appointed 2016-11-08
View their other companies + combined net worth →
CORKER, David Michael→
Resigneddirector · ~76y · appointed 2010-06-14 · resigned 2015-11-04
FAYE, Salomon John, Director→
Resigneddirector · ~53y · appointed 2015-11-04 · resigned 2016-11-08
HILL, Clive→
Resigneddirector · ~64y · appointed 2010-06-14 · resigned 2015-11-04
HUBBARD, Matthew Richard→
Resigneddirector · ~39y · appointed 2021-02-05 · resigned 2025-06-30
RIDLEY, Matthew Derek George→
Resigneddirector · ~48y · appointed 2015-11-04 · resigned 2021-02-05
ROUND, Jonathon Charles→
Resigneddirector · ~67y · appointed 2010-06-14 · resigned 2010-06-14
SWALLOW, Peter David→
Resigneddirector · ~65y · appointed 2010-06-14 · resigned 2015-11-04
Click a director name to see their full track record across all companies.
Recent filings (60 total)
accounts-with-accounts-type-small
accounts · AA
2025-09-30
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
termination-director-company-with-name-termination-date
officers · TM01
2025-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
accounts-with-accounts-type-small
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-small
accounts · AA
2024-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-13
accounts-with-accounts-type-small
accounts · AA
2022-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-17
accounts-with-accounts-type-small
accounts · AA
2021-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-10
appoint-person-director-company-with-name-date
officers · AP01
2021-02-09
termination-director-company-with-name-termination-date
officers · TM01
2021-02-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-03