TRACEALL GLOBAL LIMITED

💤Zombieactive
SC430847 · ltd · incorporated 2012-08-21
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 Dec 2025
Net worth
£-99.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 12.3y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 9 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £99,140
Net assets shrinking
Down £103,285 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£99k
↓ 2492% YoY
Current Assets
£6k
~ YoY
Current Liabilities
—
-£99k-£78k-£57k-£36k-£15k£6kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£52.8k£154.1k
Current assets£6.3k£6.3k
Net assets£-99.1k£4.1k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-08-14
    ➖
    DRYBURGH, Robert resigned
    director
  7. 2022-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-06-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-01-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2021-01-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2020-11-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-06-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-05-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-05-01
    🔒
    Charge registered #4
    Lender: Marketinvoice Limited
  18. 2018-04-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2018-04-18
    ➖
    ELLIOTT, Richard James Alfred resigned
    director
  20. 2017-04-01
    ➕
    DRYBURGH, Robert appointed
    director
  21. 2016-11-07
    ➖
    DRYBURGH, Robert James resigned
    director
  22. 2016-10-31
    ➖
    STEELE, Alan resigned
    director
  23. 2016-05-17
    ➖
    YOUNG, William resigned
    secretary
  24. 2016-05-17
    ➖
    YOUNG, William resigned
    director
  25. 2016-05-01
    ➖
    ELLIOTT, George Reginald resigned
    director
  26. 2015-08-24
    ➕
    ELLIOTT, George Reginald appointed
    director
  27. 2015-07-13
    ➕
    DRYBURGH, Robert James appointed
    director
  28. 2015-04-02
    🔓
    Charge satisfied #2
  29. 2015-03-31
    🔓
    Charge satisfied #1
  30. 2015-03-27
    ➕
    ELLIOTT, Richard James Alfred appointed
    director
  31. 2015-03-27
    🔒
    Charge registered #3
    Lender: Maven Capital Partners UK LLP
  32. 2015-01-05
    ➕
    YOUNG, William appointed
    secretary
  33. 2015-01-01
    ➕
    YOUNG, William appointed
    director
  34. 2014-11-03
    🔒
    Charge registered #2
    Lender: Sterling Trade Finance LTD
  35. 2014-04-01
    ➖
    MCCULLOCH, Colin resigned
    secretary
  36. 2014-01-23
    🔒
    Charge registered #1
    Lender: West of Scotland Loan Fund
  37. 2013-11-18
    ➕
    COMERFORD, James Joseph appointed
    director
  38. 2013-11-18
    ➕
    MCCULLOCH, Colin appointed
    secretary
  39. 2013-11-18
    ➕
    COMERFORD, Jim appointed
    director
  40. 2013-11-18
    ➖
    COMERFORD, Jim resigned
    director
  41. 2013-11-18
    ➖
    MCCULLOCH, Colin John resigned
    director
  42. 2013-11-18
    ➕
    STEELE, Alan appointed
    director
  43. 2013-10-18
    ➖
    CORPORATE ADVICE LIMITED resigned
    corporate-secretary
  44. 2012-08-21
    🏢
    Company incorporated
    As TRACEALL GLOBAL LIMITED
  45. 2012-08-21
    ➕
    CORPORATE ADVICE LIMITED appointed
    corporate-secretary
  46. 2012-08-21
    ➕
    MCCULLOCH, Colin John appointed
    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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Comerford
Individual · United Kingdom · DOB 09/1964 · age 62
25–50%
—25-50% shares06/04/2016

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

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
Incorporated2012-08-21
Jurisdictionscotland
Primary SIC62020 — Information technology consultancy activities

Registered office

1 Macdowall Street
Paisley
PA3 2NB
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-09-08
Last: 2025-08-25

Officers (1 active · 11 resigned)

COMERFORD, James Joseph→
director · ~62y · appointed 2013-11-18
View their other companies + combined net worth →
Active
MCCULLOCH, Colin→
secretary · appointed 2013-11-18 · resigned 2014-04-01
Resigned
YOUNG, William→
secretary · appointed 2015-01-05 · resigned 2016-05-17
Resigned
CORPORATE ADVICE LIMITED→
corporate-secretary · appointed 2012-08-21 · resigned 2013-10-18
Resigned
COMERFORD, Jim→
director · ~72y · appointed 2013-11-18 · resigned 2013-11-18
Resigned
DRYBURGH, Robert→
director · ~73y · appointed 2017-04-01 · resigned 2023-08-14
Resigned
DRYBURGH, Robert James→
director · ~73y · appointed 2015-07-13 · resigned 2016-11-07
Resigned
ELLIOTT, George Reginald→
director · ~74y · appointed 2015-08-24 · resigned 2016-05-01
Resigned
ELLIOTT, Richard James Alfred→
director · ~47y · appointed 2015-03-27 · resigned 2018-04-18
Resigned
MCCULLOCH, Colin John→
director · ~73y · appointed 2012-08-21 · resigned 2013-11-18
Resigned
STEELE, Alan→
director · ~72y · appointed 2013-11-18 · resigned 2016-10-31
Resigned
YOUNG, William→
director · ~71y · appointed 2015-01-01 · resigned 2016-05-17
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
MarketInvoice
Marketinvoice Limited
A registered charge—01/05/2018—
outstanding
Maven Capital Partners UK
Maven Capital Partners UK LLP
A registered charge—27/03/2015—
satisfied
Sterling Trade Finance
Sterling Trade Finance LTD
A registered charge—03/11/201402/04/2015
satisfied
West of Scotland Loan Fund
A registered charge1 property23/01/201431/03/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-25
termination-director-company-with-name-termination-date
officers · TM01
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-15
gazette-filings-brought-up-to-date
gazette · DISS40
2021-01-16