CONNELL TRAIL LTD

💤Zombieactive
SC494475 · ltd · incorporated 2015-01-07
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 Jan 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Dental practice activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

2 live charges · oldest 11.0y

45/100
under pressure

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

  • · Oldest live charge is 11.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
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£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2025-01-312024-01-31
Average employees10001200

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-06-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-01-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2015-05-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2015-05-05
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  15. 2015-04-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2015-04-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  17. 2015-02-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2015-01-07
    🏢
    Company incorporated
    As CONNELL TRAIL LTD
  19. 2015-01-07
    CONNELL, Deborah appointed
    secretary
  20. 2015-01-07
    CONNELL, Neil Graham appointed
    director

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "CONNELL" — strong identity link between founder and business.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Neil Graham Connell
Individual · British · DOB 09/1976 · age 50
75100%
75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2015-01-07
Jurisdictionscotland
Primary SIC86230 — Dental practice activities

Registered office

23-27 Ferry Road
Barron Dental
Edinburgh
EH6 4AD

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06

Officers (2 active · 0 resigned)

CONNELL, Deborah
secretary · appointed 2015-01-07
View their other companies + combined net worth →
Active
CONNELL, Neil Graham
director · ~50y · appointed 2015-01-07
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge2 properties05/05/2015
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge24/04/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2019-01-10