TRICORN CONSTRUCTION LIMITED

⚰️Wound downdissolved
SC324175 · ltd · incorporated 2007-05-22
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 18.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

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 (38 events)Click to expand
  1. 2018-10-23
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2018-10-23
    🏁
    Company dissolved
  3. 2018-08-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2018-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2017-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  6. 2016-09-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  7. 2016-05-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2015-09-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2015-07-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2014-07-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2014-06-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2013-09-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2013-06-28
    📄
    termination-director-company-with-name
    officers · TM01
  14. 2013-06-24
    ➖
    HOOKAM, Peter resigned
    director
  15. 2013-06-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2013-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2013-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2012-08-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2012-06-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2011-09-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2011-07-18
    📄
    termination-secretary-company-with-name
    officers · TM02
  23. 2011-07-18
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  24. 2011-07-18
    📄
    appoint-corporate-secretary-company-with-name
    officers · AP04
  25. 2011-07-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2011-06-20
    ➕
    TURCAN CONNELL COMPANY SECRETARIES LIMITED appointed
    corporate-secretary
  27. 2011-06-20
    ➖
    BELL & SCOTT (SECRETARIAL SERVICES) LIMITED resigned
    corporate-secretary
  28. 2010-09-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  29. 2009-10-05
    ➖
    ROBSON, Colin resigned
    director
  30. 2007-10-24
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  31. 2007-07-21
    ➕
    ALLAN, Timothy Edward Douglas appointed
    director
  32. 2007-07-21
    ➕
    GARY, Steven Bernard appointed
    director
  33. 2007-07-21
    ➕
    ROBSON, Colin appointed
    director
  34. 2007-07-20
    ➕
    HOOKAM, Peter appointed
    director
  35. 2007-07-20
    ➖
    BELL & SCOTT (NOMINEES) LIMITED resigned
    corporate-director
  36. 2007-05-22
    🏢
    Company incorporated
    As TRICORN CONSTRUCTION LIMITED
  37. 2007-05-22
    ➕
    BELL & SCOTT (SECRETARIAL SERVICES) LIMITED appointed
    corporate-secretary
  38. 2007-05-22
    ➕
    BELL & SCOTT (NOMINEES) LIMITED appointed
    corporate-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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

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 65. 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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2018-10-23

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Timothy Edward Douglas Allan
Individual · British · DOB 06/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Steven Bernard Garry
Individual · Irish · DOB 09/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

Statusdissolved
Typeltd
Incorporated2007-05-22
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Princes Exchange, 1
Earl Grey Street
Edinburgh
EH3 9EE

Filing status

Accounts
Next due: —
Last made up to: 2017-11-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 4 resigned)

TURCAN CONNELL COMPANY SECRETARIES LIMITED→
corporate-secretary · appointed 2011-06-20
View their other companies + combined net worth →
Active
ALLAN, Timothy Edward Douglas→
director · ~60y · appointed 2007-07-21
View their other companies + combined net worth →
Active
GARY, Steven Bernard→
director · ~65y · appointed 2007-07-21
View their other companies + combined net worth →
Active
BELL & SCOTT (SECRETARIAL SERVICES) LIMITED→
corporate-secretary · appointed 2007-05-22 · resigned 2011-06-20
Resigned
HOOKAM, Peter→
director · ~66y · appointed 2007-07-20 · resigned 2013-06-24
Resigned
ROBSON, Colin→
director · ~51y · appointed 2007-07-21 · resigned 2009-10-05
Resigned
BELL & SCOTT (NOMINEES) LIMITED→
corporate-director · appointed 2007-05-22 · resigned 2007-07-20
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Aib Group (UK)
Aib Group (UK) PLC
Floating charge1 property24/10/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

gazette-dissolved-compulsory
gazette · GAZ2
2018-10-23
gazette-notice-compulsory
gazette · GAZ1
2018-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-18
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-07-06
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-05
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-07-02
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-02
termination-director-company-with-name
officers · TM01
2013-06-28
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-06-13
change-person-director-company-with-change-date
officers · CH01
2013-06-12