THE GLENCOE TRUST LIMITED

🌳Matureactive
SC232047 · private-limited-guarant-nsc · incorporated 2002-05-27
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Sports and recreation education
Sector: Education
Investor take
Pursue
Active trading company with a 89-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 89). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · oldest 21.5y

65/100
clean up first

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

  • · Oldest live charge is 21.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (7 active, 8 linked, 7 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
62 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.

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. 2025-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-03-30
    📄
    memorandum-articles
    incorporation · MA
  6. 2021-03-18
    📄
    statement-of-companys-objects
    change-of-constitution · CC04
  7. 2021-02-20
    ➖
    RIVERS, Maureen Ann resigned
    director
  8. 2021-02-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-07-03
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  15. 2016-08-08
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  16. 2016-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2015-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2009-03-31
    ➕
    THORPE, Vivien Ann appointed
    director
  19. 2004-12-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  20. 2004-11-17
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2003-07-15
    ➕
    ROY, Gordon appointed
    director
  22. 2003-06-06
    ➕
    SCOWEN, Clive Richard appointed
    director
  23. 2002-05-27
    🏢
    Company incorporated
    As THE GLENCOE TRUST LIMITED
  24. 2002-05-27
    ➕
    WILLIAMS, Christopher Martin appointed
    secretary
  25. 2002-05-27
    ➕
    RIVERS, Jeremy John appointed
    director
  26. 2002-05-27
    ➕
    WILLIAMS, Christopher Martin appointed
    director
  27. 2002-05-27
    ➕
    WILLIAMS, Deborah Louise appointed
    director
  28. 2002-05-27
    ➕
    RIVERS, Maureen Ann appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -6 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 89 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 89 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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
Typeprivate-limited-guarant-nsc
Incorporated2002-05-27
Jurisdictionscotland
Primary SIC85510 — Sports and recreation education

Registered office

Carnoch House
Glencoe
Argyll
PH49 4HS

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (7 active · 1 resigned)

WILLIAMS, Christopher Martin→
secretary · appointed 2002-05-27
View their other companies + combined net worth →
Active
RIVERS, Jeremy John→
director · ~89y · appointed 2002-05-27
View their other companies + combined net worth →
Active
ROY, Gordon→
director · ~61y · appointed 2003-07-15
View their other companies + combined net worth →
Active
SCOWEN, Clive Richard→
director · ~68y · appointed 2003-06-06
View their other companies + combined net worth →
Active
THORPE, Vivien Ann→
director · ~49y · appointed 2009-03-31
View their other companies + combined net worth →
Active
WILLIAMS, Christopher Martin→
director · ~65y · appointed 2002-05-27
View their other companies + combined net worth →
Active
WILLIAMS, Deborah Louise→
director · ~64y · appointed 2002-05-27
View their other companies + combined net worth →
Active
RIVERS, Maureen Ann→
director · ~90y · appointed 2002-05-27 · resigned 2021-02-20
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/12/2004—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property17/11/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-26
memorandum-articles
incorporation · MA
2021-03-30
statement-of-companys-objects
change-of-constitution · CC04
2021-03-18
termination-director-company-with-name-termination-date
officers · TM01
2021-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-03