TRACS ASSETS LIMITED

🌳Matureactive
SC311793 · ltd · incorporated 2006-11-13
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 18.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees00

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-11-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2018-11-23
    🔓
    Charge satisfied #1
  10. 2018-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-05-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-11-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-06-17
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  17. 2008-03-13
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  18. 2007-02-01
    ➖
    BRUCE, Robert Calder resigned
    director
  19. 2006-11-13
    🏢
    Company incorporated
    As TRACS ASSETS LIMITED
  20. 2006-11-13
    ➕
    AUSTIN, Suzan appointed
    secretary
  21. 2006-11-13
    ➕
    AUSTIN, Derek Ian, Dr appointed
    director
  22. 2006-11-13
    ➕
    AUSTIN, Suzan appointed
    director
  23. 2006-11-13
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-secretary
  24. 2006-11-13
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-secretary
  25. 2006-11-13
    ➕
    BRUCE, Robert Calder appointed
    director
  26. 2006-11-13
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-director
  27. 2006-11-13
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-director

Owner dependency

84/100
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 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Suzan Austin
Individual · Scottish · DOB 08/1965 · age 61
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Dr Derek Ian Austin
Individual · Scottish · DOB 09/1962 · age 64
50–75%
50–75%board control50-75% shares · 50-75% 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

6 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
Incorporated2006-11-13
Jurisdictionscotland
Primary SIC62012 — Business and domestic software development

Registered office

11 Bon Accord Crescent
Aberdeen Business Centre
Aberdeen
Scotland
AB11 6DE
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (3 active · 3 resigned)

AUSTIN, Suzan→
secretary · appointed 2006-11-13
View their other companies + combined net worth →
Active
AUSTIN, Derek Ian, Dr→
director · ~64y · appointed 2006-11-13
View their other companies + combined net worth →
Active
AUSTIN, Suzan→
director · ~61y · appointed 2006-11-13
View their other companies + combined net worth →
Active
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-secretary · appointed 2006-11-13 · resigned 2006-11-13
Resigned
BRUCE, Robert Calder→
director · ~60y · appointed 2006-11-13 · resigned 2007-02-01
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-director · appointed 2006-11-13 · resigned 2006-11-13
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property13/03/200823/11/2018

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-13
mortgage-satisfy-charge-full
mortgage · MR04
2018-11-23