TROJANHORSE WORLDSPORTS LIMITED

🌳Matureactive

SC270262 · ltd · incorporated 2004-07-05

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jul 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 32300

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

6 officers (3 active, 6 linked, 4 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

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	2025-07-31	2024-07-31

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

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-04-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-04-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-04-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-04-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-04-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-04-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-03-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-04-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-04-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-04-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-03-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2015-07-27
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2014-07-30
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2010-04-24
➖
DUNCAN, Gilbert Mcinnes resigned
director
2004-09-17
➕
BORLAND, Ann Marie Craig appointed
secretary
2004-09-17
➕
BORLAND, Ann Marie Craig appointed
director
2004-09-17
➕
DUNCAN, Gilbert Stewart appointed
director
2004-09-17
➖
STRONACHS resigned
corporate-nominee-secretary
2004-09-17
➖
DOWNIE, James Forbes resigned
director
2004-09-17
➕
DUNCAN, Gilbert Mcinnes appointed
director
2004-07-05
🏢
Company incorporated
As TROJANHORSE WORLDSPORTS LIMITED
2004-07-05
➕
STRONACHS appointed
corporate-nominee-secretary
2004-07-05
➕
DOWNIE, James Forbes appointed
director

Owner dependency

83/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

96/100

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 80 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Gilbert Stewart Duncan Individual · Scottish · DOB 11/1954 · age 72	75–100%	75–100%	sig. influence75-100% shares · 75-100% voting · significant influence	18/07/2016

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

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TT INSPECTION LTD→ SC824382 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated2004-07-05

Jurisdictionscotland

Primary SIC32300 — SIC 32300

Registered office

56 Cruickshank Crescent

Aberdeen

AB12 5LL

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-07-19

Last: 2025-07-05

Officers (3 active · 3 resigned)

BORLAND, Ann Marie Craig→

secretary · appointed 2004-09-17

View their other companies + combined net worth →

Active

BORLAND, Ann Marie Craig→

director · ~80y · appointed 2004-09-17

View their other companies + combined net worth →

Active

DUNCAN, Gilbert Stewart→

director · ~72y · appointed 2004-09-17

View their other companies + combined net worth →

Active

STRONACHS→

corporate-nominee-secretary · appointed 2004-07-05 · resigned 2004-09-17

Resigned

DOWNIE, James Forbes→

director · ~55y · appointed 2004-07-05 · resigned 2004-09-17

Resigned

DUNCAN, Gilbert Mcinnes→

director · ~98y · appointed 2004-09-17 · resigned 2010-04-24

Resigned

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