TRAQUAIR FINANCIAL SERVICES LIMITED

💤Zombieactive
SC285641 · ltd · incorporated 2005-06-02
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 Oct 2024
Net worth
£-610
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). 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 (73/100).

Data confidence

Overall: medium (78/100)

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
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £610

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£610
~ YoY
Current Assets
—
Current Liabilities
—
-£610-£610-£610-£610-£610-£610Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-610£-610
Net assets£-610£-610

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-07-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-07-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-07-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-07-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2019-03-12
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  9. 2018-06-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2018-06-26
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  11. 2018-06-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2018-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-06-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-06-05
    ➕
    SPY, Gordon William appointed
    secretary
  15. 2018-06-05
    ➖
    TRAQUAIR, David Harry resigned
    secretary
  16. 2018-06-05
    ➖
    TRAQUAIR, David Harry resigned
    director
  17. 2018-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-06-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2017-02-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2005-06-02
    🏢
    Company incorporated
    As TRAQUAIR FINANCIAL SERVICES LIMITED
  21. 2005-06-02
    ➕
    SPY, Gordon Wiliam appointed
    director
  22. 2005-06-02
    ➕
    TRAQUAIR, David Harry appointed
    secretary
  23. 2005-06-02
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2005-06-02
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  25. 2005-06-02
    ➕
    TRAQUAIR, David Harry appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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
Mr Gordon Wiliam Spy
Individual · British · DOB 12/1963 · age 63
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest05/06/2018
1 historic (ceased) PSC
  • Mr David Harry Traquairceased 05/06/2018· 75-100% shares

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

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
Incorporated2005-06-02
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

180 C/O Fraser Spy Financial Services Ltd
180 Hope St
Glasgow
G2 2UE
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-06-16
Last: 2025-06-02

Officers (2 active · 3 resigned)

SPY, Gordon William→
secretary · appointed 2018-06-05
View their other companies + combined net worth →
Active
SPY, Gordon Wiliam→
director · ~63y · appointed 2005-06-02
View their other companies + combined net worth →
Active
TRAQUAIR, David Harry→
secretary · appointed 2005-06-02 · resigned 2018-06-05
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-06-02 · resigned 2005-06-02
Resigned
TRAQUAIR, David Harry→
director · ~75y · appointed 2005-06-02 · resigned 2018-06-05
Resigned

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

Recent filings (49 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-13
change-account-reference-date-company-previous-extended
accounts · AA01
2019-03-12