TERRAPIN TRADING LTD

🏛️Establishedactive
SC546838 · ltd · incorporated 2016-10-04
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
£44.2k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 46160
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £44,184
Net assets shrinking
Down £748 YoY
Cash YoY
+1009%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
↑ 1009% YoY
Net Worth
£44k
↓ 1.7% YoY
Current Assets
£72k
↓ 7.4% YoY
Current Liabilities
—
£0£15k£31k£46k£62k£77kMar 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£50.7k£55.9k
Current assets£71.6k£77.3k
Cash£11.3k£1.0k
Net assets£44.2k£44.9k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-11-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-11-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-12
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2019-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2016-10-04
    🏢
    Company incorporated
    As TERRAPIN TRADING LTD
  16. 2016-10-04
    ➕
    MCMENEMY, David appointed
    director
  17. 2016-10-04
    ➕
    WELSH, Teri, Dr appointed
    director
  18. 2016-10-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
Mr David Mcmenemy
Individual · British · DOB 06/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting04/10/2016
Dr Teri Welsh
Individual · British · DOB 04/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting04/10/2016

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

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
Incorporated2016-10-04
Jurisdictionscotland
Primary SIC46160 — SIC 46160

Registered office

Unit 24, Castlebrae Business Centre
Peffer Place
Edinburgh
EH16 4BB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 0 resigned)

MCMENEMY, David→
director · ~49y · appointed 2016-10-04
View their other companies + combined net worth →
Active
WELSH, Teri, Dr→
director · ~51y · appointed 2016-10-04
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
change-person-director-company-with-change-date
officers · CH01
2021-11-25
change-person-director-company-with-change-date
officers · CH01
2021-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22