TRESCORP LIMITED

🌳Matureactive
SC111612 · ltd · incorporated 1988-06-14
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 33.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 60-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 33.4y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 33.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
102 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

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 (28 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-15
    ➖
    TROUP, Joan Isbella Robson resigned
    director
  5. 2024-12-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-02-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-02-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2024-02-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-02-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2024-01-31
    ➕
    WILLING, Fiona Jane appointed
    secretary
  12. 2024-01-31
    ➖
    TROUP, Angus John resigned
    secretary
  13. 2024-01-31
    ➖
    TROUP, Angus John resigned
    director
  14. 2023-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-07-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2022-07-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2022-07-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-07-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2021-03-08
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  23. 2021-03-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2021-03-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2021-01-28
    ➖
    TROUP, John Aitken resigned
    director
  26. 1992-11-25
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  27. 1990-03-03
    ➕
    WILLING, Fiona Jane appointed
    director
  28. 1988-06-14
    🏢
    Company incorporated
    As TRESCORP LIMITED

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Fiona Jane Willing
Individual · British · DOB 10/1971 · age 55
25–50%
—25-50% shares30/06/2016
Mr Duncan John Troup
Individual · British · DOB 03/1966 · age 60
25–50%
—25-50% shares30/06/2016
2 historic (ceased) PSCs
  • Mrs Joan Isabella Robson Troupceased 15/10/2025· significant influence
  • Mr John Aitken Troupceased 28/01/2021· significant influence

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
Typeltd
Incorporated1988-06-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Atholl Cottage
Killiecrankie
Pitlochry
PH16 5LR
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01

Officers (3 active · 4 resigned)

WILLING, Fiona Jane→
secretary · appointed 2024-01-31
View their other companies + combined net worth →
Active
TROUP, Duncan John→
director · ~60y
View their other companies + combined net worth →
Active
WILLING, Fiona Jane→
director · ~55y · appointed 1990-03-03
View their other companies + combined net worth →
Active
TROUP, Angus John→
secretary · resigned 2024-01-31
Resigned
TROUP, Angus John→
director · ~62y · resigned 2024-01-31
Resigned
TROUP, Joan Isbella Robson→
director · ~90y · resigned 2025-10-15
Resigned
TROUP, John Aitken→
director · ~95y · resigned 2021-01-28
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property25/11/1992—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-20
termination-director-company-with-name-termination-date
officers · TM01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-01
appoint-person-secretary-company-with-name-date
officers · AP03
2024-02-01
termination-director-company-with-name-termination-date
officers · TM01
2024-02-01
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14