XL TRAINING (SCOTLAND) LIMITED
💤Zombieactive
SC258761 · ltd · incorporated 2003-11-05
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
£17.6k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other education n.e.c.
Sector: Education
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 21.9y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £17,580
Cash YoY
-35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£41k
↓ 35% YoY
Net Worth
£18k
↑ 323% YoY
Current Assets
£41k
↓ 35% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £56.3k | £33.7k |
| Current assets | £41.4k | £63.9k |
| Cash | £41.4k | £63.9k |
| Debtors | £2 | £2 |
| Net assets | £17.6k | £4.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-17📄change-person-secretary-company-with-change-dateofficers · CH03
- 2022-03-17📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-03-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-06-30➖WOODROW, Bryan Robertson resigneddirector
- 2018-10-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2017-10-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2017-10-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2015-08-24🔓Charge satisfied #1
- 2005-12-22🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2004-09-07🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2004-05-24🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-11-05🏢Company incorporatedAs XL TRAINING (SCOTLAND) LIMITED
- 2003-11-05➕RODGER, Anne appointedsecretary
- 2003-11-05➕RODGER, Anne appointeddirector
- 2003-11-05➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2003-11-05➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2003-11-05➕WOODROW, Bryan Robertson appointeddirector
- 2003-11-05➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
- 2003-11-05➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Arbw Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Arbw Holdings Limited
Corporate parent · holds 75-100% shares
⬇
XL TRAINING (SCOTLAND) LIMITED
This company · SC258761
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 |
|---|---|---|---|---|
Arbw Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
2 historic (ceased) PSCs
- Miss Anne Rodgerceased 06/04/2016· 25-50% shares · 25-50% voting · board control
- Mr Bryan Robertson Woodrowceased 06/04/2016· 25-50% shares · 25-50% voting · board control
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 →Similar companies
Active · Education & training · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A B C CHILDREN'S SERVICES LIMITED→ SC229641 · est 2002 | — | — | — | 1600 | 24y | 82 | 70y |
| MINDSTRETCHERS LTD.→ SC183027 · est 1998 | — | — | — | 800 | 28y | 82 | 64y |
| NEVIS BANK NURSERY LIMITED→ SC165294 · est 1996 | — | — | £237.5k | — | 29y | 82 | 69y |
| RHET PERTH & KINROSS COUNTRYSIDE INITIATIVE→ SC257016 · est 2003 | — | — | £9.3k | — | 22y | 81 | 76y |
| ATS CHILDCARE LTD→ SC777888 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GLENALMOND COLLEGE (TRUSTEES) LIMITED→ SC677808 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| IMPACT TRAINING SOLUTIONS LTD.→ SC254646 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| IPOWERBOAT LIMITED→ SC444361 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| KBK TRAINING SERVICES LTD→ SC630888 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LIVING CLASSROOMS C.I.C.→ SC382632 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| MOUNTAIN ASSURANCE LTD→ SC582225 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PERTHSHIRE PLANT TRAINING (SCOTLAND) LTD→ SC517573 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2003-11-05
Jurisdictionscotland
Primary SIC85590 — Other education n.e.c.
Registered office
Unit 7 Pitlochry Business Centre
Armoury Road
Pitlochry
PH16 5AP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05
Officers (2 active · 3 resigned)
Active
RODGER, Anne→
Activedirector · ~61y · appointed 2003-11-05
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-11-05 · resigned 2003-11-05
WOODROW, Bryan Robertson→
Resigneddirector · ~73y · appointed 2003-11-05 · resigned 2019-06-30
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 2003-11-05 · resigned 2003-11-05
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 22/12/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 07/09/2004 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 24/05/2004 | 24/08/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (80 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-22
change-person-secretary-company-with-change-date
officers · CH03
2022-03-17
change-person-director-company-with-change-date
officers · CH01
2022-03-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-03-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-09