@SSAS (PENSION TRUSTEES) LTD

🌳Matureactive

SC221202 · ltd · incorporated 2001-07-12

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

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Other activities auxiliary to insurance and pension funding

Sector: Financial & insurance

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

14 live charges · 8 lenders · oldest 12.7y

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 12.7 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: high (80/100)

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

Lenders & charges

14 charges (14/14 with lender, 14/14 with type)

Directors & officers

16 officers (7 active, 16 linked, 11 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

100 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	400	200

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (60 events)Click to expand

2025-12-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-12-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-12-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-11
🔒
Charge registered #14
Lender: National Westminster Bank PLC
2024-11-01
➕
BAXTER, Colin appointed
director
2024-11-01
➕
BAYNES, Gillian Catherine appointed
director
2024-11-01
➕
CLARK, Angela appointed
director
2024-11-01
➕
PRINGLE, Sharon appointed
director
2024-02-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-31
🔒
Charge registered #13
Lender: Barclays Security Trustee Limited
2024-01-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-01-03
➕
LANCASTER, Stephen appointed
director
2024-01-03
➕
MCGUIRE, Eddie appointed
director
2024-01-03
➖
BARRAL, Colin George resigned
director
2023-11-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-24
🔒
Charge registered #12
Lender: Hsbc UK Bank PLC
2023-06-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-01-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-01-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-05-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-04-15
🔒
Charge registered #11
Lender: Ulster Bank Limited
2019-04-15
🔒
Charge registered #10
Lender: Ulster Bank Limited
2018-09-19
🔒
Charge registered #9
Lender: Ulster Bank Limited
2016-09-19
🔒
Charge registered #8
Lender: Barclays Bank PLC
2016-03-17
➖
TALMAN, Iain James Scott resigned
director
2016-01-26
➕
@SIPP LIMITED appointed
corporate-director
2015-08-21
🔒
Charge registered #7
Lender: Svenska Handelsbanken Ab (Publ)
2015-02-18
➖
CRAIG, Thomas Kirk resigned
secretary
2015-01-23
➖
CRAIG, Thomas Kirk resigned
director
2014-10-03
🔒
Charge registered #6
Lender: Homes and Communities Agency
2014-10-03
🔒
Charge registered #5
Lender: National Westminster Bank PLC
2014-05-28
🔓
Charge satisfied #1
2014-04-30
🔒
Charge registered #4
Lender: Lloyds Bank PLC
2014-04-30
🔒
Charge registered #3
Lender: Lloyds Bank PLC
2013-11-21
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2013-08-27
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2013-02-12
➖
DALY, Gerald resigned
director
2012-04-01
➖
BARRAL, Colin George resigned
secretary
2012-04-01
➕
CRAIG, Thomas Kirk appointed
secretary
2012-04-01
➕
BARRAL, Colin George appointed
director
2012-04-01
➕
DALY, Gerald appointed
director

Showing most recent 50 of 60 events

Owner dependency

48/100

Moderate — manageable with handover

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low

13 live charges

low

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

Group structure

@Sipp Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

@Sipp Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

@SSAS (PENSION TRUSTEES) LTD

This company · SC221202

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
@Sipp Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

1 historic (ceased) PSC

Mr Colin Barralceased 03/01/2024· 75-100% shares · 75-100% 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 →

Similar companies

Active · Financial services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
@SIPP LIMITED→ SC217126 · est 2001	£37.09M £26.97M–£47.20M	£10.21M	—	6200	25y	85	62y
FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008	£1.02M £744.7k–£1.30M	—	—	500	18y	83	64y
COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006	£22.3k £16.2k–£28.3k	—	—	0	20y	83	66y
BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009	—	—	£2.38M	—	16y	83	72y
CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
FEMALE INDEPENDENT LTD.→ SC245607 · est 2003	—	—	£20.0k	—	23y	83	66y
HARRY SMITH, LIMITED→ SC008622 · est 1913	—	—	£1.66M	—	113y	83	58y
KELVIN SMITH (INSURANCE BROKERS) LIMITED→ SC301532 · est 2006	—	—	£3.48M	—	20y	83	63y
MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008	—	—	—	1500	18y	83	58y
NITRON INVESTMENTS LIMITED→ SC047915 · est 1970	—	—	£431.4k	—	55y	83	80y
TMW (COMMERCIAL) LIMITED→ SC781785 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
WHEATLEY FUNDING NO. 2 LIMITED→ SC470001 · est 2014 · no financials extracted	—	—	—	—	12y	—	—

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

Incorporated2001-07-12

Jurisdictionscotland

Primary SIC66290 — Other activities auxiliary to insurance and pension funding

Registered office

6th Floor Mercantile Building

53 Bothwell Street

Glasgow

G2 6TS

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-28

Last: 2025-07-14