TSB BANK PLC

🌳Matureactive

SC095237 · plc · incorporated 1985-09-24

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Banks

Sector: Financial & insurance

Investor take

Pursue

Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (48/100).

🏦

Refinance opportunity

13 live charges · 7 lenders · oldest 11.8y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 11.8 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 53/100 (high).

Data confidence

Overall: medium (59/100)

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

No iXBRL financials extracted

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

100 officers (11 active, 100 linked, 92 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

6 connected companies via shared directors

Filing history

439 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 officers

Last 90 days

filings

• 1 officers
• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (222 events)Click to expand

2026-04-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-02-20
📄
accounts-with-accounts-type-group
accounts · AA
2025-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-31
➖
HOURICAN, Declan Joseph resigned
director
2025-04-03
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-20
➕
ARMENGOL DULCET, Marc appointed
director
2025-03-20
➖
BULLOCH, Robert James Mackenzie resigned
director
2025-02-27
📄
accounts-with-accounts-type-group
accounts · AA
2025-01-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-31
➖
ARMENGOL DULCET, Marc resigned
director
2024-12-31
➖
SIMMONDS, Andrew Warwick resigned
director
2024-12-20
➕
TOME, Sergio Alejandro Palavecino appointed
director
2024-12-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-18
➖
ALVEAR TRENOR, Leopoldo resigned
director
2024-11-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-31
📄
resolution
resolution · RESOLUTIONS
2024-08-21
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-21
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-21
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-05-31
➖
PEACOCK, Lynne Margaret resigned
director
2024-04-01
➕
FRIIS, Morten Nicolai appointed
director
2024-01-01
➕
EDEN, Judith Elizabeth appointed
director
2023-08-31
➖
RENNISON, Mark Martin resigned
director
2023-06-13
🔓
Charge satisfied #7
2023-03-17
➕
ABOUSHELBAYA, Ahmed Essameldin Ahmed appointed
director
2023-03-17
➕
BAHROLOLOUMI, Zahra Shiva appointed
director
2022-03-22
➕
PAZ RUBIO, Carlos appointed
director
2022-03-22
➕
ALVEAR TRENOR, Leopoldo appointed
director
2022-03-22
➕
ARMENGOL DULCET, Marc appointed
director
2022-03-21
➖
REYES REVUELTA, Alicia resigned
director
2022-03-21
➖
VARELA MUIÑA, Tomás resigned
director
2022-03-21
➖
VEGARA FIGUERAS, David resigned
director
2022-03-02
🔓
Charge satisfied #4
2021-12-16
➕
BULLOCH, Robert James Mackenzie appointed
director
2021-12-02
➖
CROSBIE, Deborah Anne resigned
director
2021-11-29
➖
MEDDINGS, Richard Henry resigned
director
2021-11-01
➕
PRETTEJOHN, Nicholas Edward Tucker appointed
director
2021-09-13
➖
COATES, Ralph resigned
director
2021-09-13
➕
HOURICAN, Declan Joseph appointed
director

Showing most recent 50 of 222 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-10 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Tsb Banking Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Tsb Banking Group Plc

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

TSB BANK PLC

This company · SC095237

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%

Name	Shares	Voting rights	Nature of control	Notified
Tsb Banking Group Plc Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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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CASTLE OPERATIONS LTD→ SC381111 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
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CHANROSSA GROUP LIMITED→ SC499950 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
CHOOSE WASTE LIMITED→ SC834774 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CHURCH OF SCOTLAND INSURANCE SERVICES LIMITED→ SC001777 · est 1888 · no financials extracted	—	—	—	—	137y	—	—
COMPASS WEALTH INTERNATIONAL LIMITED→ SC641418 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
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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.

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Company details

Statusactive

Typeplc

Incorporated1985-09-24

Jurisdictionscotland

Primary SIC64191 — Banks

Registered office

Henry Duncan House

120 George Street

Edinburgh

EH2 4LH

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-02-14

Last: 2026-01-31