TRAIN'D UP RAILWAY RESOURCING LIMITED

🌳Matureactive
SC260595 · ltd · incorporated 2003-12-10
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 Jul 2025
Net worth
£2.30M
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Post-secondary non-tertiary education
Sector: Education
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 15.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 15.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 12 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2,298,599

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2.4m
Net Worth
£2.3m
Current Assets
£6.8m
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-31
Total assets£2.46M
Current assets£6.75M
Cash£2.44M
Debtors£4.31M
Net assets£2.30M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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 officers
Last 90 days
3
filings
  • • 2 officers
  • • 1 accounts
Last 180 days
6
filings
  • • 4 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2026-05-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-29
    ➖
    FULLERTON, Donal Martin resigned
    director
  3. 2026-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-03-02
    ➕
    BARRETT-PEEL, Emma appointed
    director
  5. 2026-02-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2026-01-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2026-01-05
    ➕
    MCVEY, James John appointed
    director
  8. 2025-12-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-12-06
    ➖
    WILSON, Alan resigned
    director
  10. 2025-11-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-10-31
    ➕
    PIKE, Ben appointed
    director
  12. 2025-08-19
    📄
    memorandum-articles
    incorporation · MA
  13. 2025-08-19
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2025-07-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2025-07-01
    ➕
    FULLERTON, Donal Martin appointed
    director
  16. 2025-06-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2025-06-20
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  18. 2025-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2025-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2025-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-06-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2025-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2025-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2025-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2025-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2025-06-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2025-06-14
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  28. 2025-06-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2025-06-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2025-06-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2025-06-11
    ➕
    THOMPSON, Laura appointed
    director
  32. 2025-06-11
    ➖
    GILLESPIE, David Johnston Dempsey resigned
    secretary
  33. 2025-06-11
    ➖
    FAWCETT, Andrew Duncan resigned
    director
  34. 2025-06-11
    ➖
    GILLESPIE, David Johnston Dempsey resigned
    director
  35. 2025-06-11
    ➖
    HOUSTON, James Orr resigned
    director
  36. 2025-06-11
    ➖
    MCGLYNN, Paul Damian resigned
    director
  37. 2025-06-11
    ➖
    WARD, Nigel Peter resigned
    director
  38. 2025-06-11
    ➕
    WILSON, Alan appointed
    director
  39. 2025-06-11
    🔒
    Charge registered #5
    Lender: Chiltern Capital Nominees Limited
  40. 2025-06-11
    🔒
    Charge registered #4
    Lender: Tc Loans Limited (As Security Agent)
  41. 2025-06-11
    🔒
    Charge registered #3
    Lender: Tc Loans Limited (As Security Agent)
  42. 2025-06-11
    🔒
    Charge registered #2
    Lender: Tc Loans Limited (As Security Agent)
  43. 2024-09-19
    ➕
    FAWCETT, Andrew Duncan appointed
    director
  44. 2024-09-19
    ➕
    HOUSTON, James Orr appointed
    director
  45. 2024-09-19
    ➕
    WARD, Nigel Peter appointed
    director
  46. 2017-02-22
    🔓
    Charge satisfied #1
  47. 2010-09-13
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  48. 2005-03-25
    ➖
    MANKTELOW, Antony Charles resigned
    director
  49. 2003-12-10
    🏢
    Company incorporated
    As TRAIN'D UP RAILWAY RESOURCING LIMITED
  50. 2003-12-10
    ➕
    GILLESPIE, David Johnston Dempsey appointed
    secretary
Showing most recent 50 of 55 events

Owner dependency

40/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

2 med ·
8 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: GILLESPIE, David Johnston Dempsey resigned 2025-06-11; FAWCETT, Andrew Duncan resigned 2025-06-11; FULLERTON, Donal Martin resigned 2026-04-29

4 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-06-11: A registered charge; 2025-06-11: A registered charge; 2025-06-11: A registered charge

Group structure

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

🏛️
Waverley Bidco Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
TRAIN'D UP RAILWAY RESOURCING LIMITED
This company · SC260595

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%
NameSharesVoting rightsNature of controlNotified
Waverley Bidco Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control20/06/2025

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

8 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
Incorporated2003-12-10
Jurisdictionscotland
Primary SIC85410 — Post-secondary non-tertiary education

Registered office

Old Manor House 129 Henderson Street
Bridge Of Allan
Stirling
FK9 4RQ
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10

Officers (4 active · 10 resigned)

BARRETT-PEEL, Emma→
director · ~47y · appointed 2026-03-02
View their other companies + combined net worth →
Active
MCVEY, James John→
director · ~36y · appointed 2026-01-05
View their other companies + combined net worth →
Active
PIKE, Ben→
director · ~53y · appointed 2025-10-31
View their other companies + combined net worth →
Active
THOMPSON, Laura→
director · ~43y · appointed 2025-06-11
View their other companies + combined net worth →
Active
GILLESPIE, David Johnston Dempsey→
secretary · appointed 2003-12-10 · resigned 2025-06-11
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-12-10 · resigned 2003-12-10
Resigned
FAWCETT, Andrew Duncan→
director · ~71y · appointed 2024-09-19 · resigned 2025-06-11
Resigned
FULLERTON, Donal Martin→
director · ~50y · appointed 2025-07-01 · resigned 2026-04-29
Resigned
GILLESPIE, David Johnston Dempsey→
director · ~60y · appointed 2003-12-10 · resigned 2025-06-11
Resigned
HOUSTON, James Orr→
director · ~74y · appointed 2024-09-19 · resigned 2025-06-11
Resigned
MANKTELOW, Antony Charles→
director · ~61y · appointed 2003-12-10 · resigned 2005-03-25
Resigned
MCGLYNN, Paul Damian→
director · ~69y · appointed 2003-12-10 · resigned 2025-06-11
Resigned
WARD, Nigel Peter→
director · ~68y · appointed 2024-09-19 · resigned 2025-06-11
Resigned
WILSON, Alan→
director · ~57y · appointed 2025-06-11 · resigned 2025-12-06
Resigned

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

Mortgages & charges

5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Chiltern Capital Nominees
Chiltern Capital Nominees Limited
A registered charge—11/06/2025—
outstanding
Tc Loans (As Security Agent)
Tc Loans Limited (As Security Agent)
A registered charge—11/06/2025—
outstanding
Tc Loans (As Security Agent)
Tc Loans Limited (As Security Agent)
A registered charge—11/06/2025—
outstanding
Tc Loans (As Security Agent)
Tc Loans Limited (As Security Agent)
A registered charge—11/06/2025—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property13/09/201022/02/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-05-01
appoint-person-director-company-with-name-date
officers · AP01
2026-03-04
accounts-with-accounts-type-full
accounts · AA
2026-02-25
appoint-person-director-company-with-name-date
officers · AP01
2026-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-22
termination-director-company-with-name-termination-date
officers · TM01
2025-12-19
appoint-person-director-company-with-name-date
officers · AP01
2025-11-03
memorandum-articles
incorporation · MA
2025-08-19
resolution
resolution · RESOLUTIONS
2025-08-19
appoint-person-director-company-with-name-date
officers · AP01
2025-07-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-23
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-06-20
appoint-person-director-company-with-name-date
officers · AP01
2025-06-20
appoint-person-director-company-with-name-date
officers · AP01
2025-06-20
termination-director-company-with-name-termination-date
officers · TM01
2025-06-20