NOVATRUST LIMITED

⚰️Wound downdissolved
SC360395 · ltd · incorporated 2009-05-28
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 70/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2016-07-26
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2016-07-26
    🏁
    Company dissolved
  3. 2016-04-11
    ➖
    LYCIDAS NOMINEES LIMITED resigned
    corporate-nominee-director
  4. 2016-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2016-03-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2015-04-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2014-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2014-04-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2013-11-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2013-04-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2012-10-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2012-04-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2011-11-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2011-04-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2010-12-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-12-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2010-05-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2009-11-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2009-11-17
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  20. 2009-11-17
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  21. 2009-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2009-07-31
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2009-07-28
    📄
    legacy
    officers · 288a
  24. 2009-07-28
    📄
    legacy
    officers · 288b
  25. 2009-07-28
    📄
    legacy
    accounts · 225
  26. 2009-07-28
    📄
    legacy
    officers · 288a
  27. 2009-07-28
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  28. 2009-07-27
    ➕
    LYCIDAS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  29. 2009-07-27
    ➕
    THOMSON, David appointed
    director
  30. 2009-07-27
    ➖
    BARR, Alan Lamont resigned
    director
  31. 2009-05-28
    🏢
    Company incorporated
    As NOVATRUST LIMITED
  32. 2009-05-28
    ➕
    BARR, Alan Lamont appointed
    director
  33. 2009-05-28
    ➕
    LYCIDAS NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

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.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2016-07-26

🔒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

Statusdissolved
Typeltd
Incorporated2009-05-28
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

292 St. Vincent Street
Glasgow
G2 5TQ

Filing status

Accounts
Next due: —
Last made up to: 2015-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 2 resigned)

LYCIDAS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2009-07-27
View their other companies + combined net worth →
Active
THOMSON, David→
director · ~62y · appointed 2009-07-27
View their other companies + combined net worth →
Active
BARR, Alan Lamont→
director · ~66y · appointed 2009-05-28 · resigned 2009-07-27
Resigned
LYCIDAS NOMINEES LIMITED→
corporate-nominee-director · appointed 2009-05-28 · resigned 2016-04-11
Resigned

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

Recent filings (26 total)

gazette-dissolved-compulsory
gazette · GAZ2
2016-07-26
termination-director-company-with-name-termination-date
officers · TM01
2016-04-11
gazette-notice-compulsory
gazette · GAZ1
2016-03-08
accounts-with-accounts-type-dormant
accounts · AA
2015-04-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-03
accounts-with-accounts-type-dormant
accounts · AA
2014-04-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-11-28
accounts-with-accounts-type-dormant
accounts · AA
2013-04-10
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-10-31
accounts-with-accounts-type-dormant
accounts · AA
2012-04-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-11-11
accounts-with-accounts-type-dormant
accounts · AA
2011-04-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-12-01
change-person-director-company-with-change-date
officers · CH01
2010-12-01
accounts-with-accounts-type-dormant
accounts · AA
2010-05-10