JUST TRADING SCOTLAND LIMITED

🌳Matureactive

SC357178 · ltd · incorporated 2009-03-25

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.

Why now

Window steady · medium confidence

Mixed signals — 1 changes over 30 days, no clear direction yet.

· Refinance opportunity: too_messy → clean_up_first

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 14.6y old — refinance window within 12 months

What changed my view

Last 30 days

Mixed signals in the last 30 days — 0 improved, 0 worsened.

·Refinance opportunity: too_messy → clean_up_first

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2026

Net worth

—

book net assets

Opportunity

83/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Agents involved in the sale of a variety of goods

Sector: Wholesale & retail

Investor take

Pursue

Conservative operator with a 87-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 87). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 14.6y

60/100

clean up first

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

· Oldest live charge is 14.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (87/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

21 officers (10 active, 21 linked, 20 with DOB)

Ownership & PSC

1 active PSC(s) of 9 total, 9 with control declared

Director network

5 connected companies via shared directors

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

83/100Exceptional

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

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £59,268

Turned profitable

Returned to profit this year

Key financials

3 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	2026-01-31	2025-01-31	2024-01-31
Profit before tax	£59.3k	£-89.9k	£-5.8k
Average employees	6	600	600

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 5 persons-with-significant-control
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (56 events)Click to expand

2026-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-03-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-31
➖
POPPLE, Mary Louise, Dr resigned
director
2025-05-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-01
➕
OLIVER, Matthew James appointed
director
2025-02-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-10
➕
TAIT, Colleen appointed
director
2025-02-10
➕
VILLENEUVE, France appointed
director
2024-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-12
➖
LILLIE, Terence John, Dr resigned
director
2024-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-01
➕
REMINGTON, Simon Anthony appointed
director
2023-09-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-12
➖
OSMAN, Joseph Henry resigned
director
2023-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-17
➖
STEWART, Robin Stirling resigned
director
2021-07-31
➕
CLINGAN, Ivan Brian appointed
director
2020-10-06
➕
DAVIDSON, Joyce Elizabeth appointed
director
2020-04-22
➕
MENZIES, Alistair Stuart appointed
director
2020-03-26
➕
JARVIE, Karena Susan appointed
director
2020-03-26
➕
MITCHELL, Tracy Michelle appointed
director
2019-10-31
➖
SHANNON, Malcolm Donaldson resigned
director
2019-09-12
➖
HAYES, Stephen resigned
director
2019-07-25
➖
PATERSON, Martyn Peter resigned
director
2019-07-08
➕
OSMAN, Joseph Henry appointed
director
2019-06-20
➕
PATERSON, Martyn Peter appointed
director
2016-10-26
🔓
Charge satisfied #1
2016-10-25
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2013-12-12
➕
SHANNON, Malcolm Donaldson appointed
director
2013-09-12
➖
COTTON, Elizabeth Anne resigned
director
2013-09-12
➕
POPPLE, Mary Louise, Dr appointed
director
2012-10-25
➕
HAYES, Stephen appointed
director
2012-10-25
➕
LILLIE, Terence John, Dr appointed
director
2012-10-25
➕
STEWART, Robin Stirling appointed
director
2012-09-28
➖
GRIFFITHS, Thomas Jan resigned
director
2011-12-06
🔒
Charge registered #1
Lender: Sis (Community Finance) Limited
2009-05-15
➕
GRIFFITHS, Thomas Jan appointed
director
2009-03-25
🏢
Company incorporated
As JUST TRADING SCOTLAND LIMITED

Showing most recent 50 of 56 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-10 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 87 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 87 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 17 years.
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.)

Group structure

The Balmore Trust Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

The Balmore Trust Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

JUST TRADING SCOTLAND LIMITED

This company · SC357178

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%

Name	Shares	Voting rights	Nature of control	Notified
The Balmore Trust Limited Corporate entity	75–100%	—	75-100% shares	31/12/2025

8 historic (ceased) PSCs

Dr Mary Louise Poppleceased 31/12/2025· significant influence
Ms Joyce Elizabeth Davidsonceased 31/12/2025· significant influence
Mrs Renate Emmy Richesceased 31/12/2025· significant influence
The Reverend John Kenneth Richesceased 31/12/2025· significant influence
Ms Rosalind Margaret Jarvisceased 19/02/2025· significant influence
Mr Geoffrey Douglas Charles Burnsceased 20/09/2021· significant influence
Professor John Eric Thomas Eldridgeceased 10/06/2021· significant influence
Mr Ian Monteagueceased 11/11/2020· significant influence

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 →

Similar companies

Active · Wholesale & distribution · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SPRINGBANK DISTILLERS LIMITED→ SC041205 · est 1964	£5.47M £4.10M–£6.83M	—	—	24	61y	88	90y
COPPENRATH & WIESE (UK) LIMITED→ SC073174 · est 1980	£4.29M £3.22M–£5.36M	—	—	14	45y	81	62y
TTAG LIMITED→ SC215478 · est 2001	—	—	—	6700	25y	83	63y
WILLIAM CADENHEAD LIMITED→ SC052072 · est 1972	—	—	—	11	53y	83	90y
BATHROOM ELEGANCE LIMITED→ SC137829 · est 1992	—	—	£1.85M	—	34y	82	63y
CMC (SHIP CHANDLERS) LIMITED→ SC110574 · est 1988	—	—	—	200	38y	82	59y
CUMBRAE SUPPLY COMPANY LIMITED→ SC298312 · est 2006	—	—	£136.4k	—	20y	82	74y
D MCNAIR & SON LTD.→ SC394139 · est 2011	—	—	£3.04M	—	15y	82	61y
JOHN SCOTT MEAT (PAISLEY) LIMITED→ SC100408 · est 1986	—	—	£3.21M	—	39y	82	65y
NAPIER & CRAIG LIMITED→ SC025896 · est 1947	—	—	£96.8k	—	78y	82	87y
SCOTJET LIMITED→ SC190195 · est 1998	—	—	£1.50M	—	27y	82	70y
SEALING SYSTEMS (SCOTLAND) LIMITED→ SC385524 · est 2010	—	—	£175.4k	—	15y	82	63y

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

Incorporated2009-03-25

Jurisdictionscotland

Primary SIC46190 — Agents involved in the sale of a variety of goods

Registered office

Unit 4 Greenlaw Industrial Estate

Wallneuk Road

Paisley

Renfrewshire

PA3 4BT

Filing status

Accounts

Next due: 2027-10-31

Last made up to: 2026-01-31

Confirmation statement

Next due: 2027-04-08

Last: 2026-03-25