CREDENTIAL TRADING LIMITED

💤Zombieactive
SC298574 · ltd · incorporated 2006-03-10
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
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 75-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 75). 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 (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-12-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2021-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-31
    ➖
    PORTER, Derek resigned
    director
  12. 2020-01-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-01-31
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2019-12-31
    ➖
    CUMINE, Douglas Alexander resigned
    secretary
  15. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2008-07-16
    ➕
    CUMINE, Douglas Alexander appointed
    secretary
  19. 2008-07-16
    ➖
    SECRETAR SECURITIES LIMITED resigned
    corporate-secretary
  20. 2006-10-22
    ➖
    DAUD, Mohd Rafi Bin, Doctor resigned
    director
  21. 2006-04-26
    ➕
    DAUD, Mohd Rafi Bin, Doctor appointed
    director
  22. 2006-03-10
    🏢
    Company incorporated
    As CREDENTIAL TRADING LIMITED
  23. 2006-03-10
    ➕
    CLAPHAM, Ronald Barrie appointed
    director
  24. 2006-03-10
    ➕
    SECRETAR SECURITIES LIMITED appointed
    corporate-secretary
  25. 2006-03-10
    ➕
    PORTER, Derek appointed
    director

Owner dependency

100/100
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 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

100/100
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 75 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

London & Scottish Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
London & Scottish Investments Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
CREDENTIAL TRADING LIMITED
This company · SC298574

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
London & Scottish Investments Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated2006-03-10
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

One Lochrin Square C/O London And Scottish Investments Ltd
92 Fountainbridge
Edinburgh
EH3 9QA
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28

Officers (1 active · 4 resigned)

CLAPHAM, Ronald Barrie→
director · ~75y · appointed 2006-03-10
View their other companies + combined net worth →
Active
CUMINE, Douglas Alexander→
secretary · appointed 2008-07-16 · resigned 2019-12-31
Resigned
SECRETAR SECURITIES LIMITED→
corporate-secretary · appointed 2006-03-10 · resigned 2008-07-16
Resigned
DAUD, Mohd Rafi Bin, Doctor→
director · ~67y · appointed 2006-04-26 · resigned 2006-10-22
Resigned
PORTER, Derek→
director · ~73y · appointed 2006-03-10 · resigned 2020-01-31
Resigned

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

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-12-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16