T.R.E.C. LIMITED

💤Zombieactive
SC251599 · ltd · incorporated 2003-06-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Post-graduate level higher education
Sector: Education
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200100

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2016-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-07-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-04-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2016-04-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2016-04-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2016-04-28
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  17. 2016-04-27
    HENDERSON, James appointed
    secretary
  18. 2016-04-27
    HENDERSON, Clare appointed
    director
  19. 2016-04-27
    HALL, David resigned
    secretary
  20. 2016-04-27
    HALL, Sheila resigned
    director
  21. 2003-06-26
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  22. 2003-06-26
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  23. 2003-06-23
    🏢
    Company incorporated
    As T.R.E.C. LIMITED
  24. 2003-06-23
    HALL, David appointed
    secretary
  25. 2003-06-23
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  26. 2003-06-23
    HALL, Sheila appointed
    director
  27. 2003-06-23
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 23 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Clare Henderson
Individual · British · DOB 07/1973 · age 53
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2003-06-23
Jurisdictionscotland
Primary SIC85422 — Post-graduate level higher education

Registered office

39 Glenhead Crescent
Clydebank
Dunbartonshire
G81 6LL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-07
Last: 2025-06-23

Officers (2 active · 4 resigned)

HENDERSON, James
secretary · appointed 2016-04-27
View their other companies + combined net worth →
Active
HENDERSON, Clare
director · ~53y · appointed 2016-04-27
View their other companies + combined net worth →
Active
HALL, David
secretary · appointed 2003-06-23 · resigned 2016-04-27
Resigned
FORM 10 SECRETARIES FD LTD
corporate-nominee-secretary · appointed 2003-06-23 · resigned 2003-06-26
Resigned
HALL, Sheila
director · ~67y · appointed 2003-06-23 · resigned 2016-04-27
Resigned
FORM 10 DIRECTORS FD LTD
corporate-nominee-director · appointed 2003-06-23 · resigned 2003-06-26
Resigned

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

Recent filings (61 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-26
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-18