TTC MEDICAL GTS LIMITED

💤Zombieactive
SC562269 · ltd · incorporated 2017-04-03
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 Jun 2024
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: SIC 46460
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47990Other retail sale not in stores, stalls or markets
  • 85590Other education n.e.c.
  • 86220Specialist medical practice activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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

Company profile
address, 4 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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£37k£75k£112k£149k£187kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-302023-06-30
Total assets£24.0k
Current assets£186.6k
Cash£9.0k
Debtors£177.6k
Net assets£4.9k
Average employees100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-09-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2018-09-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2018-09-26
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2017-04-03
    🏢
    Company incorporated
    As TTC MEDICAL GTS LIMITED
  12. 2017-04-03
    MURRAY, Steven appointed
    secretary
  13. 2017-04-03
    MURRAY, Steven Edward appointed
    director
  14. 2017-04-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
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.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-16

Group structure

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

🏛️
Semtrad Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
TTC MEDICAL GTS LIMITED
This company · SC562269

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%
NameSharesVoting rightsNature of controlNotified
Semtrad Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/05/2018
1 historic (ceased) PSC
  • Mr Steven Edward Murrayceased 30/04/2018· 75-100% shares · 75-100% voting · board control

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

8 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
Incorporated2017-04-03
Jurisdictionscotland
Primary SIC46460 — SIC 46460

Registered office

15-16 Waverley Industrial Units
Waverley Street
Bathgate
EH48 4HY
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-04-16OVERDUE
Last: 2025-04-02

Officers (2 active · 0 resigned)

MURRAY, Steven
secretary · appointed 2017-04-03
View their other companies + combined net worth →
Active
MURRAY, Steven Edward
director · ~57y · appointed 2017-04-03
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-06
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2018-09-26