TCT - EUROPE LIMITED

💤Zombieactive
SC627134 · ltd · incorporated 2019-04-09
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 Dec 2024
Net worth
£-482.5k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does

Day-to-day activity is unclear given the generic SIC code, but based in Scotland and operating under a name suggesting technical or consulting services, this is likely a small professional or technical consultancy, possibly in testing, compliance, or specialist advisory work.

Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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. 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: distressed disposal / insolvency (65/100).

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
3 officers (2 active, 3 linked, 2 with DOB)
83
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
26 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £482,502
Cash YoY
-12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£23k
↓ 12% YoY
Net Worth
-£483k
↓ 42% YoY
Current Assets
£72k
↓ 40% YoY
Current Liabilities
—
-£483k-£362k-£242k-£121k-£823£120kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-54.9k£-88.2k
Current assets£72.2k£119.6k
Cash£23.4k£26.6k
Debtors£48.8k£93.0k
Net assets£-482.5k£-338.8k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-20
    ➖
    LIDDERDALE, John Francis Dudley resigned
    director
  3. 2025-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-07-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2021-07-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-07-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-07-14
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  13. 2020-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2020-07-14
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2020-04-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2020-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  17. 2020-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  18. 2019-11-07
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  19. 2019-11-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2019-08-09
    ➕
    WYMET SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  21. 2019-04-09
    🏢
    Company incorporated
    As TCT - EUROPE LIMITED
  22. 2019-04-09
    ➕
    SKINNER, Sarah Elizabeth appointed
    director
  23. 2019-04-09
    ➕
    LIDDERDALE, John Francis Dudley appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Tire Conversion Technologies, Inc.
Corporate parent · holds 50-75% shares · board control
majority
🏛️
Jolass Limited
Corporate parent · holds 25-50% shares · board control
significant stake
⬇
TCT - EUROPE LIMITED
This company · SC627134

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Tire Conversion Technologies, Inc.
Corporate entity
50–75%
50–75%board control50-75% shares · 50-75% voting · board control21/02/2020
Jolass Limited
Corporate entity
25–50%
25–50%board control25-50% shares · 25-50% voting · board control09/04/2019

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

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
Incorporated2019-04-09
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Mccallum Associates Castleblair Works
Inglis Lane
Dunfermline
Fife
KY12 9DP
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08

Officers (2 active · 1 resigned)

WYMET SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2019-08-09
View their other companies + combined net worth →
Active
SKINNER, Sarah Elizabeth→
director · ~55y · appointed 2019-04-09
View their other companies + combined net worth →
Active
LIDDERDALE, John Francis Dudley→
director · ~85y · appointed 2019-04-09 · resigned 2026-04-20
Resigned

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

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-21
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-23
change-person-director-company-with-change-date
officers · CH01
2021-07-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-07-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-14
change-person-director-company-with-change-date
officers · CH01
2021-07-14