TREE LOCATE (EUROPE) LIMITED

🌳Matureactive
SC156162 · ltd · incorporated 1995-02-24
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

10 live charges · 4 lenders · oldest 30.1y

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 30.1 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (77/100)

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
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
11 officers (5 active, 11 linked, 8 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
133 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-302023-09-30
Average employees3331002300

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
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-02-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2019-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-10-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2017-10-16
    🔓
    Charge satisfied #10
  16. 2017-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-09-21
    ➖
    NESBITT, Norman Rogerson resigned
    director
  18. 2015-09-21
    ➖
    NESBITT, Sarah Louisa Bell resigned
    director
  19. 2014-09-08
    ➕
    NESBITT, Anna Louise appointed
    director
  20. 2014-09-08
    ➕
    NESBITT, Joanna Elizabeth appointed
    director
  21. 2014-04-12
    🔓
    Charge satisfied #2
  22. 2014-03-25
    🔒
    Charge registered #10
    Lender: Hsbc Bank PLC
  23. 2013-11-12
    🔒
    Charge registered #9
    Lender: Hsbc Bank PLC
  24. 2013-11-08
    🔓
    Charge satisfied #1
  25. 2013-10-15
    🔒
    Charge registered #8
    Lender: Hsbc Invoice Finance (UK) Limited
  26. 2013-10-10
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  27. 2013-05-14
    ➕
    NESBITT, Jonathan Norman Kyle appointed
    secretary
  28. 2013-05-14
    ➖
    GWA COSEC LTD resigned
    corporate-secretary
  29. 2007-07-16
    ➖
    SAYER, Christopher John resigned
    secretary
  30. 2007-07-16
    ➕
    GWA COSEC LTD appointed
    corporate-secretary
  31. 2007-03-30
    🔒
    Charge registered #6
    Lender: Northern Rock PLC
  32. 2007-02-09
    🔒
    Charge registered #5
    Lender: Northern Rock PLC
  33. 2007-02-09
    🔒
    Charge registered #4
    Lender: Northern Rock PLC
  34. 2007-02-09
    🔒
    Charge registered #3
    Lender: Northern Rock PLC
  35. 1999-03-31
    ➖
    NESBITT, David Robert Kyle resigned
    director
  36. 1997-05-09
    ➕
    NESBITT, Jonathan Norman Kyle appointed
    director
  37. 1997-03-01
    ➖
    GUIMARAENS, Peter resigned
    director
  38. 1996-05-20
    🔒
    Charge registered #2
    Lender: Adam & Company PLC
  39. 1996-05-03
    🔒
    Charge registered #1
    Lender: Adam & Company PLC
  40. 1996-03-29
    ➕
    NESBITT, David Robert Kyle appointed
    director
  41. 1996-03-29
    ➕
    NESBITT, Sarah Louisa Bell appointed
    director
  42. 1995-02-24
    🏢
    Company incorporated
    As TREE LOCATE (EUROPE) LIMITED
  43. 1995-02-24
    ➕
    NESBITT, Mark Rogerson Kyle appointed
    director
  44. 1995-02-24
    ➕
    SAYER, Christopher John appointed
    secretary
  45. 1995-02-24
    ➕
    GUIMARAENS, Peter appointed
    director
  46. 1995-02-24
    ➕
    NESBITT, Norman Rogerson appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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 · 1 low
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.

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒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
Typeltd
Incorporated1995-02-24
Jurisdictionscotland
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (5 active · 6 resigned)

NESBITT, Jonathan Norman Kyle→
secretary · appointed 2013-05-14
View their other companies + combined net worth →
Active
NESBITT, Anna Louise→
director · ~51y · appointed 2014-09-08
View their other companies + combined net worth →
Active
NESBITT, Joanna Elizabeth→
director · ~59y · appointed 2014-09-08
View their other companies + combined net worth →
Active
NESBITT, Jonathan Norman Kyle→
director · ~54y · appointed 1997-05-09
View their other companies + combined net worth →
Active
NESBITT, Mark Rogerson Kyle→
director · ~61y · appointed 1995-02-24
View their other companies + combined net worth →
Active
SAYER, Christopher John→
secretary · appointed 1995-02-24 · resigned 2007-07-16
Resigned
GWA COSEC LTD→
corporate-secretary · appointed 2007-07-16 · resigned 2013-05-14
Resigned
GUIMARAENS, Peter→
director · ~61y · appointed 1995-02-24 · resigned 1997-03-01
Resigned
NESBITT, David Robert Kyle→
director · ~54y · appointed 1996-03-29 · resigned 1999-03-31
Resigned
NESBITT, Norman Rogerson→
director · ~93y · appointed 1995-02-24 · resigned 2015-09-21
Resigned
NESBITT, Sarah Louisa Bell→
director · ~87y · appointed 1996-03-29 · resigned 2015-09-21
Resigned

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

Mortgages & charges

10
Total charges
7
Outstanding
2
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
A registered charge2 properties25/03/201416/10/2017
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property12/11/2013—
outstanding
HSBC
Hsbc Invoice Finance (UK) Limited
A registered charge1 property15/10/2013—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property10/10/2013—
outstanding
Northern Rock
Northern Rock PLC
Charge1 property30/03/2007—
outstanding
Northern Rock
Northern Rock PLC
Charge1 property09/02/2007—
outstanding
Northern Rock
Northern Rock PLC
Charge1 property09/02/2007—
outstanding
Northern Rock
Northern Rock PLC
Charge1 property09/02/2007—
satisfied
Adam & Company
Adam & Company PLC
Standard security1 property20/05/199612/04/2014
satisfied
Adam & Company
Adam & Company PLC
Bond & floating charge1 property03/05/199608/11/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (133 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-11