DRIVE SHETLAND ( TRAINING ) LTD

🌳Matureactive
SC473611 · ltd · incorporated 2014-03-26
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 · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Mar 2025
Net worth
£355
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Driving school activities
Sector: Education
ALSO REGISTERED FOR
  • 85590Other education n.e.c.
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -81% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 12.0y

45/100
under pressure

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

  • · Oldest live charge is 12.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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

Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £355
Net assets shrinking
Down £8,127 YoY
Cash draining
Cash down 81% YoY
Cash YoY
-81%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 81% YoY
Net Worth
£355
↓ 96% YoY
Current Assets
£13k
↓ 58% YoY
Current Liabilities
£0£6k£12k£18k£24k£30kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£10.0k£19.9k
Current assets£12.7k£30.1k
Cash£3.1k£16.5k
Debtors£9.6k£13.5k
Net assets£355£8.5k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-11-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-03-01
    NICOLSON, Inga Jayne appointed
    director
  5. 2024-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-09-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-09-25
    🔓
    Charge satisfied #1
  8. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-11-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2023-11-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-11-17
    📄
    capital-alter-shares-subdivision
    capital · SH02
  12. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-12-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2018-03-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2014-05-14
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2014-03-26
    🏢
    Company incorporated
    As DRIVE SHETLAND ( TRAINING ) LTD
  21. 2014-03-26
    PETURSSON, Petur Magni appointed
    director

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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 Inga Jayne Nicolson
Individual · British · DOB 01/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/04/2023
Mr Petur Magni Petursson
Individual · Icelandic · DOB 08/1968 · age 58
2550%
25–50%board control25-50% shares · 25-50% 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 →

Similar companies

Active · Education & training · ZE postcode area + nearby areas
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
1 A FOR SECURITY LTD
09589011 · est 2015 · no financials extracted
10y
1 ACE TRAINING LIMITED
12891037 · est 2020 · no financials extracted
5y
1 ALS LIMITED
10405429 · est 2016 · no financials extracted
9y
1 ON 1 RIDER TRAINING LIMITED
06679162 · est 2008 · no financials extracted
17y
1 PLUS 1 PILATES LTD
16011977 · est 2024 · no financials extracted
1y
1107 EDUCATION LTD
16528936 · est 2025 · no financials extracted
11PLUS LTD
07280322 · est 2010 · no financials extracted
15y
11PLUSEUPHORIA LTD
12348569 · est 2019 · no financials extracted
6y
11PLUSGRAMMAR LTD
11284730 · est 2018 · no financials extracted
8y
121 AESTHETICS COLLEGE LTD
14385939 · est 2022 · no financials extracted
3y
121 FOOTBALL DEVELOPMENT LTD
16298625 · est 2025 · no financials extracted
1y
121ISLAMONLINE LTD
13309941 · est 2021 · no financials extracted
5y
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
Incorporated2014-03-26
Jurisdictionscotland
Primary SIC85530 — Driving school activities

Registered office

17 Hillside Brae
Gulberwick
Shetland
ZE2 9FD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (2 active · 0 resigned)

NICOLSON, Inga Jayne
director · ~58y · appointed 2025-03-01
View their other companies + combined net worth →
Active
PETURSSON, Petur Magni
director · ~58y · appointed 2014-03-26
View their other companies + combined net worth →
Active

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
The Royal Bank of Scotland PLC
A registered charge14/05/201425/09/2024

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-26
change-person-director-company-with-change-date
officers · CH01
2025-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-17
appoint-person-director-company-with-name-date
officers · AP01
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-17
capital-alter-shares-subdivision
capital · SH02
2023-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-20