T.R.A.S.H.E.R. LIMITED

💤Zombieactive
SC120132 · ltd · incorporated 1989-09-14
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 Mar 2025
Net worth
£104.7k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 86). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

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
11 officers (1 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review 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 £104,689

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£105k
↑ 206% YoY
Current Assets
£18k
~ YoY
Current Liabilities
—
-£99k-£58k-£17k£23k£64k£105kMar 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£104.7k£355.8k
Current assets£18.2k£18.3k
Cash—£469
Debtors—£17.8k
Net assets£104.7k£-98.6k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-02-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-09-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-09-12
    ➖
    ISMAIL, David Ramsay resigned
    director
  5. 2025-09-12
    ➖
    WALTON, Yvonne Rosemary Fitzwalter resigned
    director
  6. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-03-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2017-01-17
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  16. 2017-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2014-07-01
    ➕
    ISMAIL, Peter appointed
    director
  18. 2013-12-12
    ➖
    ISMAIL, Peter resigned
    director
  19. 2010-08-18
    ➖
    DAVIS, Nigel Justin, Assistant Professor resigned
    director
  20. 2009-06-10
    ➕
    DAVIS, Nigel Justin, Assistant Professor appointed
    director
  21. 2009-05-27
    ➕
    ISMAIL, David Ramsay appointed
    director
  22. 2009-05-27
    ➕
    WALTON, Yvonne Rosemary Fitzwalter appointed
    director
  23. 2004-12-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  24. 2004-11-30
    ➖
    THORNTONS WS resigned
    corporate-secretary
  25. 1997-03-11
    ➖
    CARNEGIE, Ivan James Grant resigned
    director
  26. 1997-03-11
    ➕
    ISMAIL, Peter appointed
    director
  27. 1997-03-11
    ➖
    MCDONALD, Alexander Francis resigned
    director
  28. 1994-06-30
    ➖
    BLACK, Douglas Maclean resigned
    nominee-director
  29. 1994-06-30
    ➕
    CARNEGIE, Ivan James Grant appointed
    director
  30. 1989-12-01
    ➕
    BLACK, Douglas Maclean appointed
    nominee-director
  31. 1989-12-01
    ➖
    BROUGH, Gordon Haig resigned
    director
  32. 1989-09-14
    🏢
    Company incorporated
    As T.R.A.S.H.E.R. LIMITED
  33. 1989-09-14
    ➕
    THORNTONS WS appointed
    corporate-secretary
  34. 1989-09-14
    ➕
    BROUGH, Gordon Haig appointed
    director
  35. 1989-09-14
    ➕
    MCDONALD, Alexander Francis appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-12

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ISMAIL, David Ramsay resigned 2025-09-12; WALTON, Yvonne Rosemary Fitzwalter resigned 2025-09-12

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Peter Ismail
Individual · British · DOB 05/1940 · age 86
—75–100%75-100% voting06/04/2016

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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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
Incorporated1989-09-14
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Fordel House Fordel Estate
Glenfarg
Perth
Perthshire
PH2 9QQ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-02-12OVERDUE
Last: 2025-01-29

Officers (1 active · 10 resigned)

ISMAIL, Peter→
director · ~86y · appointed 2014-07-01
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-01 · resigned 2017-01-17
Resigned
THORNTONS WS→
corporate-secretary · appointed 1989-09-14 · resigned 2004-11-30
Resigned
BLACK, Douglas Maclean→
nominee-director · ~67y · appointed 1989-12-01 · resigned 1994-06-30
Resigned
BROUGH, Gordon Haig→
director · appointed 1989-09-14 · resigned 1989-12-01
Resigned
CARNEGIE, Ivan James Grant→
director · ~88y · appointed 1994-06-30 · resigned 1997-03-11
Resigned
DAVIS, Nigel Justin, Assistant Professor→
director · ~57y · appointed 2009-06-10 · resigned 2010-08-18
Resigned
ISMAIL, David Ramsay→
director · ~54y · appointed 2009-05-27 · resigned 2025-09-12
Resigned
ISMAIL, Peter→
director · ~86y · appointed 1997-03-11 · resigned 2013-12-12
Resigned
MCDONALD, Alexander Francis→
director · ~71y · appointed 1989-09-14 · resigned 1997-03-11
Resigned
WALTON, Yvonne Rosemary Fitzwalter→
director · ~81y · appointed 2009-05-27 · resigned 2025-09-12
Resigned

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

Recent filings (120 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-06
termination-director-company-with-name-termination-date
officers · TM01
2025-09-14
termination-director-company-with-name-termination-date
officers · TM01
2025-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-25