TRACEY INVESTMENTS LTD

🏛️Establishedactive
SC565684 · ltd · incorporated 2017-05-11
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£19.01M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 75/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

14 live charges · 5 lenders · oldest 6.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 6.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £19,009,265
Net assets shrinking
Down £1,822,653 YoY
Cash YoY
+35%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£758k
↑ 35% YoY
Net Worth
£19m
↓ 8.7% YoY
Current Assets
£27m
↓ 1.6% YoY
Current Liabilities
—
£0£5.4m£11m£16m£22m£27mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£56.59M£36.02M
Current assets£26.62M£27.04M
Cash£757.7k£561.3k
Debtors£25.86M£26.48M
Net assets£19.01M£20.83M

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

🔒Filing-note intelligence

4 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-01-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-01-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-12-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-12-23
    🔒
    Charge registered #14
    Lender: Handelsbanken PLC (As Security Trustee)
  7. 2024-12-23
    🔒
    Charge registered #13
    Lender: Handelsbanken PLC (As Security Trustee)
  8. 2024-12-23
    🔒
    Charge registered #12
    Lender: Handelsbanken PLC (As Security Trustee)
  9. 2024-12-19
    🔒
    Charge registered #11
    Lender: Handelsbanken PLC as Security Trustee
  10. 2024-12-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2024-09-30
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  12. 2024-07-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2024-07-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2023-11-15
    ➕
    TRACEY, Mark Michael appointed
    director
  15. 2023-11-15
    ➕
    TRACEY, Nicola Marie appointed
    director
  16. 2023-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2023-08-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2023-08-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2023-08-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2023-08-02
    🔒
    Charge registered #10
    Lender: Handelsbanken PLC (Company Number 11305395)
  21. 2023-08-02
    🔒
    Charge registered #9
    Lender: Handelsbanken PLC (Company Number 11305395)
  22. 2023-08-02
    🔒
    Charge registered #8
    Lender: Handelsbanken PLC (Company Number 11305395)
  23. 2023-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2023-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2023-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2023-07-20
    🔒
    Charge registered #7
    Lender: Handelsbanken PLC (Company Number 11305395)
  27. 2023-07-20
    🔒
    Charge registered #6
    Lender: Handelsbanken PLC (11305395)
  28. 2023-07-20
    🔒
    Charge registered #5
    Lender: Handelsbanken PLC (Company Number 11305395)
  29. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2023-02-02
    🔒
    Charge registered #4
    Lender: Handelsbanken PLC
  32. 2023-02-02
    🔒
    Charge registered #3
    Lender: Handelsbanken PLC
  33. 2022-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  34. 2022-11-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  35. 2022-11-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  36. 2022-11-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  37. 2022-08-18
    🔓
    Charge satisfied #2
  38. 2020-05-27
    🔒
    Charge registered #2
    Lender: Handelsbanken PLC
  39. 2020-04-21
    🔒
    Charge registered #1
    Lender: Handelsbanken PLC
  40. 2018-01-24
    ➕
    HOWIE, Scott appointed
    director
  41. 2017-05-11
    🏢
    Company incorporated
    As TRACEY INVESTMENTS LTD
  42. 2017-05-11
    ➕
    TRACEY, Michael Thomas appointed
    director

Owner dependency

78/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "TRACEY" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Red flags

1 low
13 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Nicola Marie Tracey
Individual · British · DOB 01/1992 · age 34
25–50%
—25-50% shares26/05/2017
Mark Michael Tracey
Individual · British · DOB 01/1985 · age 41
25–50%
—25-50% shares26/05/2017
Mr Michael Thomas Tracey
Individual · British · DOB 07/1961 · age 65
25–50%
75–100%board control75-100% shares · 75-100% voting · board control11/05/2017

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

9 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
Incorporated2017-05-11
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

C/O Inglis Howie
21 Blythswood Square
Glasgow
G2 4BL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-24
Last: 2025-05-10

Officers (4 active · 0 resigned)

HOWIE, Scott→
director · ~58y · appointed 2018-01-24
View their other companies + combined net worth →
Active
TRACEY, Mark Michael→
director · ~41y · appointed 2023-11-15
View their other companies + combined net worth →
Active
TRACEY, Michael Thomas→
director · ~65y · appointed 2017-05-11
View their other companies + combined net worth →
Active
TRACEY, Nicola Marie→
director · ~34y · appointed 2023-11-15
View their other companies + combined net worth →
Active

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

Mortgages & charges

14
Total charges
13
Outstanding
5
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Handelsbanken (As Security Trustee)
Handelsbanken PLC (As Security Trustee)
A registered charge1 property23/12/2024—
outstanding
Handelsbanken (As Security Trustee)
Handelsbanken PLC (As Security Trustee)
A registered charge1 property23/12/2024—
outstanding
Handelsbanken (As Security Trustee)
Handelsbanken PLC (As Security Trustee)
A registered charge1 property23/12/2024—
outstanding
Handelsbanken as Security Trustee
Handelsbanken PLC as Security Trustee
A registered charge1 property19/12/2024—
outstanding
Handelsbanken (Company Number 11305395)
Handelsbanken PLC (Company Number 11305395)
A registered charge2 properties02/08/2023—
outstanding
Handelsbanken (Company Number 11305395)
Handelsbanken PLC (Company Number 11305395)
A registered charge1 property02/08/2023—
outstanding
Handelsbanken (Company Number 11305395)
Handelsbanken PLC (Company Number 11305395)
A registered charge1 property02/08/2023—
outstanding
Handelsbanken (Company Number 11305395)
Handelsbanken PLC (Company Number 11305395)
A registered charge1 property20/07/2023—
outstanding
Handelsbanken (11305395)
Handelsbanken PLC (11305395)
A registered charge2 properties20/07/2023—
outstanding
Handelsbanken (Company Number 11305395)
Handelsbanken PLC (Company Number 11305395)
A registered charge1 property20/07/2023—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property02/02/2023—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property02/02/2023—
satisfied
Handelsbanken
Handelsbanken PLC
A registered charge1 property27/05/202018/08/2022
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—21/04/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-30
accounts-with-accounts-type-small
accounts · AA
2024-12-09
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-09-30
appoint-person-director-company-with-name-date
officers · AP01
2024-07-16
appoint-person-director-company-with-name-date
officers · AP01
2024-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-07