TR2020 LTD

💤Zombieactive
SC652840 · ltd · incorporated 2020-01-27
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
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Turnover
year to Jan 2025
Net worth
£-16.1k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), 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: Cash flow review and working-capital discipline. Cash down -97% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £16,097
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£216
↓ 97% YoY
Net Worth
-£16k
↑ 2.7% YoY
Current Assets
£101k
↑ 148% YoY
Current Liabilities
-£17k£7k£31k£54k£78k£101kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£-16.1k£-16.6k
Current assets£101.3k£40.9k
Cash£216£7.0k
Debtors£101.0k£28.9k
Net assets£-16.1k£-16.6k

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
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-05-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2023-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2021-05-21
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  12. 2021-05-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2020-01-27
    🏢
    Company incorporated
    As TR2020 LTD
  14. 2020-01-27
    CRAIG, Gordon Edward appointed
    director
  15. 2020-01-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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: 2026-02-09

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gordon Edward Craig
Individual · Scottish · DOB 12/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/01/2020

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
Incorporated2020-01-27
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

3 Murray Path
Uddingston
Glasgow
G71 7QN
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-02-09OVERDUE
Last: 2025-01-26

Officers (1 active · 0 resigned)

CRAIG, Gordon Edward
director · ~62y · appointed 2020-01-27
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

gazette-notice-compulsory
gazette · GAZ1
2026-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
gazette-filings-brought-up-to-date
gazette · DISS40
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-09
gazette-notice-compulsory
gazette · GAZ1
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-08
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-09