TR PROPERTIES WEST (HOLDINGS) LIMITED

🌿Early-stageactive
SC765678 · ltd · incorporated 2023-04-12
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2025
Net worth
£200
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Activities of real estate investment trusts
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 73/100 (strong), bankability 70/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
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
7 connected companies via shared directors
66
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £200
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£200
~ YoY
Net Worth
£200
~ YoY
Current Assets
Current Liabilities
£0£40£80£120£160£200Jan 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£200£200
Cash£200£200
Net assets£200£200

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-06-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-27
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2024-04-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2024-04-24
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2023-04-12
    🏢
    Company incorporated
    As TR PROPERTIES WEST (HOLDINGS) LIMITED
  7. 2023-04-12
    MOLINARI, Declan Forsyth appointed
    director
  8. 2023-04-12
    MOLINARI, Joseph appointed
    director
  9. 2023-04-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

74/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-09-27: certificate-change-of-name-company

Group structure

Molinari Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Molinari Holdings Limited
Corporate parent · holds 25-50% shares
significant stake
TR PROPERTIES WEST (HOLDINGS) LIMITED
This company · SC765678

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
Mr Joseph Molinari
Individual · British · DOB 11/1965 · age 61
5075%
50–75%board control50-75% shares · 50-75% voting · board control12/04/2023
Molinari Holdings Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting12/04/2023

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
Incorporated2023-04-12
Jurisdictionscotland
Primary SIC64306 — Activities of real estate investment trusts

Registered office

30 Tobago Street
Glasgow
G40 2RH
United Kingdom

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (2 active · 0 resigned)

MOLINARI, Declan Forsyth
director · ~32y · appointed 2023-04-12
View their other companies + combined net worth →
Active
MOLINARI, Joseph
director · ~61y · appointed 2023-04-12
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-19
accounts-with-accounts-type-dormant
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-22
certificate-change-of-name-company
change-of-name · CERTNM
2024-09-27
change-account-reference-date-company-previous-extended
accounts · AA01
2024-04-24
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
incorporation-company
incorporation · NEWINC
2023-04-12