TROY INCOME & GROWTH TRUST PLC

28 WALKER STREET, EDINBURGH, EH3 7HR

Previous name: GLASGOW INCOME TRUST PLC (changed on 14-Jan-2010)

Company Number: SC111955
Incorporation date: 28-Jun-1988
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 35.8 years old and is currently active. The company has positive equity (net assets) of GBP 245.5 million which has increased from GBP 224.1 million in the previous year. The latest reported revenue figure is GBP 8.9 million which is down -20% on the previous year. The company has 4 active officers (directors or partners) who are or were officers of 91 other companies, 21 (23.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 31-Mar-2025
Accounts Filed: FULL (30-Sep-2023)

P&L Financials:

Year end	Currency	Revenue	Tax	Net Profit GBP
30-Sep-2019	GBP	8,948,000	-149,000
30-Sep-2018	GBP	10,961,000	127,000	8,682,000
30-Sep-2017	GBP	15,971,000	116,000	13,712,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Premium Reserve	Retained Earnings	Net Assets
30-Sep-2019	GBP	4,184,000	4,994,000	534,000	73,495,000	25,166,000	5,828,000	245,461,000
30-Sep-2018	GBP	10,343,000	10,985,000	670,000	72,699,000	23,124,000	5,903,000	224,058,000
30-Sep-2017	GBP	12,088,000	13,144,000	514,000	72,699,000	23,149,000	5,670,000	228,692,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
30-Sep-2019	GBP	1.08%	2,838,000	259,195,681	262,033,681	253,351,181

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	JUNIPER PARTNERS LIMITED	14 Dec 2018	18 Apr 2024		14 - 1
Resigned	Steven Mcgregor COWIE	07 Jul 2010	14 Dec 2018	British	0 - 1
Resigned	ABRDN HOLDINGS LIMITED	05 Feb 2008	07 Jul 2010		1 - 3
Resigned	GLASGOW INVESTMENT MANAGERS LTD		05 Feb 2008		0 - 7

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Bridget Elisabeth GUERIN	17 Jan 2023		Company Director	British	5 - 12	6 (35.3%)
Active	Brigid Ann SUTCLIFFE	01 Aug 2021		Company Director	British	6 - 5	1 (9.1%)
Active	David Noel Christopher GARMAN	19 Jan 2016		Company Director	British	8 - 46	11 (20.4%)
Active	Roger Alexander WHITE	29 Apr 2014		Director	British	11 - 7	5 (27.8%)
Resigned	Janice Margaret BROWN	18 Jan 2013	19 Jan 2022	Managing Director	British	2 - 74	47 (61.8%)
Resigned	David WARNOCK	17 Nov 2010	17 Jan 2023	Director	British	2 - 20	7 (31.8%)
Resigned	Martin Andrew GRIFFITHS	08 Nov 2007	31 Aug 2010	Finance Director	British	2 - 135	42 (30.7%)
Resigned	Kevin HART	12 May 2003	19 Jan 2016	Finance Director	British	0 - 40	20 (50.0%)
Resigned	Norman Loch MURRAY	24 Feb 1999	19 May 2003	Merchant Banker	British	0 - 39	15 (38.5%)
Resigned	Ronald George HANNA	01 Jul 1995	23 Jan 2014	Chartered Accountant	British	3 - 52	29 (52.7%)
Resigned	Ian Mair BOYD	02 May 1990	18 Jan 2013	Company Director	British	0 - 45	18 (40.0%)
Resigned	VINDEX LIMITED	28 Jun 1988	28 Dec 1989			0 - 610	271 (44.4%)
Resigned	MACLAY MURRAY & SPENS LLP	28 Jun 1988	28 Dec 1989			14 - 1363	650 (47.2%)
Resigned	VINDEX SERVICES LIMITED	28 Jun 1988	28 Dec 1989			0 - 620	292 (47.1%)
Resigned	Joe Miller BARBER		31 Aug 1991	Company Director	British	0 - 1	0 (0.0%)
Resigned	George Mclay DOBBIE		16 Dec 1998	Company Director	British	0 - 2	1 (50.0%)
Resigned	Alastair James STRUTHERS		16 Dec 1999	Company Director	British	0 - 20	6 (30.0%)

Number of active directors: 4
Average tenure of active directors: 5.6 years
Average tenure of resigned directors: 6.7 years
Average active director Dissolution Rate: 23.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Bridget Elisabeth GUERIN	Brigid Ann SUTCLIFFE	David Noel Christopher GARMAN	Roger Alexander WHITE
RAYMOND JAMES WEALTH MANAGEMENT LIMITED (00048796) - Active	✔
BARR LEASING LIMITED (00064584) - Dissolved				✔
BEVERLEY RACE COMPANY LIMITED(THE) (00078277) - Active	✔
TDG OVERSEAS LIMITED (00171035) - Dissolved			✔
MANDORA ST. CLEMENTS LIMITED (00174662) - Active				✔
STRATFORD-ON-AVON GOLF CLUB LIMITED (00199436) - Active			✔
VICTORIA P.L.C. (00282204) - Active			✔
TIZER LIMITED (00313006) - Active				✔
ST. MODWEN PROPERTIES LIMITED (00349201) - Active			✔
TDG DIRECTORS NO.2 LIMITED (00362032) - Dissolved			✔
TDG LIMITED (00469605) - Active			✔
THE BRITISH SOFT DRINKS ASSOCIATION LIMITED (00500979) - Active				✔
TDG (UK) LIMITED (00540403) - Active			✔
TDG DIRECTORS NO.1 LIMITED (00589092) - Dissolved			✔
MUSCULAR DYSTROPHY GROUP OF GREAT BRITAIN AND NORTHERN IRELAND (00705357) - Active		✔
KINGSGATE LEASING LIMITED (00790656) - Dissolved			✔
HAMPSHIRE MINERAL WATER COMPANY LIMITED(THE) (00861832) - Dissolved				✔
BLUJAY SOLUTIONS LTD (01037515) - Active			✔
TDG AVONMOUTH LIMITED (01164553) - Liquidation			✔
XPO GLOBAL FORWARDING UK LIMITED (01580481) - Active			✔
RUBICON DRINKS LIMITED (01585600) - Active				✔
CHARLES STANLEY & CO. LIMITED (01903304) - Active	✔
SCHRODER INVESTMENTS LIMITED (02015527) - Active	✔
ST CLEMENTS (UK) LIMITED (02018995) - Dissolved				✔
MATRIX-SECURITIES LIMITED (02083169) - Liquidation	✔
INVESCO PERPETUAL UK SMALLER COMPANIES INVESTMENT TRUST PLC (02129187) - Active	✔
BRE GROUP LIMITED (02704081) - Active		✔
NPL MANAGEMENT LIMITED (02937881) - Active		✔
SCHRODER INCOME GROWTH FUND PLC (03008494) - Active	✔
MATRIX GROUP LIMITED (03309770) - Liquidation	✔
RUBICON BEVERAGES LIMITED (03379067) - Dissolved				✔
DAISY IT GROUP LIMITED (03476115) - Active			✔
OPTIONS AUTISM (1.2) LIMITED (03596551) - Active			✔
MATRIX MONEY MANAGEMENT LIMITED (03641363) - Liquidation	✔
FORBES KEMLO LTD (03679641) - Active		✔
CARILLION PLC (03782379) - Liquidation			✔
CLUB 7 LIMITED (03963505) - Dissolved			✔
SCIO SOLUTIONS LIMITED (04002793) - Dissolved			✔
OPTIONS AUTISM (1) LIMITED (04064685) - Active			✔
OPTIONS AUTISM (1.1) LIMITED (04148009) - Active			✔
OPTIONS AUTISM (2) LIMITED (04228353) - Active			✔
SEABRIDGE U.K. LIMITED (04229081) - Dissolved			✔
BOOST DRINKS LIMITED (04242514) - Active				✔
TAUT (UK) LIMITED (04452561) - Active				✔
MOBEUS INCOME & GROWTH VCT PLC (05153931) - Active	✔
OPTIONS AUTISM (6) LIMITED (05323908) - Active			✔
HALE GROUP LTD (05394932) - Active			✔
STRATEGIC EQUITY CAPITAL PLC (05448627) - Active		✔
MOMA FOODS LTD. (05535154) - Active				✔
MATRIX INCOME & GROWTH 3 VCT PLC (05537979) - Dissolved	✔
OPTIONS AUTISM (5) LIMITED (05697730) - Active			✔
OPTIONS AUTISM (4) LIMITED (05697738) - Active			✔
RUBICON PRODUCTS LIMITED (05743568) - Dissolved				✔
THE LODGE (PACKHORSE ROAD) MANAGEMENT COMPANY LIMITED (05789377) - Active			✔
THE OAKWOOD PARTNERSHIP LIMITED (06805531) - Active			✔
OPTIONS GROUP HOLDINGS LIMITED (06909044) - Active			✔
YOUNG OPTIONS LIMITED (06924357) - Active			✔
HILLCREST CHILDRENS SERVICES (2) LIMITED (06924418) - Active			✔
OPTIONS AUTISM (3) LIMITED (06924421) - Active			✔
ACORN CARE & EDUCATION (OPS) LTD (06924424) - Active			✔
NEWCO OPTIONS 2 LIMITED (07037176) - Active			✔
FAMILY OPTIONS LIMITED (07037178) - Active			✔
IMPRESS PACKAGING PLC (07109573) - Dissolved			✔
JLA EQUITYCO LIMITED (07195122) - Active			✔
CANTAB CAPITAL LTIP LIMITED (07462888) - Active	✔
MEAUJO (764) LIMITED (07466347) - Dissolved	✔
MEAUJO (765) LIMITED (07466395) - Dissolved	✔
MRBL LIMITED (08177998) - Active			✔
OAKWOOD RESIDENTIAL DEVELOPMENTS LIMITED (09024075) - Active			✔
OAKWOOD RESIDENTIAL DEVELOPMENTS (STRATFORD) LIMITED (09037156) - Active			✔
OAKWOOD RESIDENTIAL DEVELOPMENTS (WELFORD) LIMITED (09303768) - Active			✔
MITON UK MICROCAP TRUST PLC (09511015) - Active	✔
OAKWOOD ADVISORY AND COACHING LIMITED (09540604) - Active			✔
OAKWOOD RESIDENTIAL DEVELOPMENTS (SNITTERFIELD) LIMITED (09545514) - Active			✔
ONYX LOGISTICS LIMITED (09758078) - Active			✔
AT PIZZA LIMITED (09814926) - Liquidation			✔
THAMES REACH CHARITY (10098652) - Active		✔
OAKWOOD CONTRACTING SERVICES LIMITED (10272574) - Active			✔
VELOCITY HOLDCO LIMITED (10867385) - Active			✔
BABBLE CLOUD HOLDINGS LIMITED (10991403) - Active			✔
WILLIAM JACKSON FOODS LIMITED (11273230) - Active				✔
BOOST DRINKS HOLDINGS LIMITED (12985446) - Active				✔
BRAMBLE FOODS GROUP LIMITED (13028707) - Active			✔
TOPSMITHS LIMITED (13955927) - Active			✔
OAKWOOD LUXURY EVENTS LTD (14732470) - Active			✔
RODBOROUGH HOUSE MANAGEMENT COMPANY LTD (14871547) - Active			✔
A.G. BARR P.L.C. (SC005653) - Active				✔
JOHN MENZIES LIMITED (SC034970) - Active			✔
TROY INCOME & GROWTH TRUST PLC (SC111955) - Active	✔	✔	✔	✔
FINDLAY'S LIMITED (SC142930) - Active				✔
STS GLOBAL INCOME & GROWTH TRUST PLC (SC283272) - Active	✔	✔
A.G. BARR CAPITAL PARTNER LIMITED (SC449228) - Active				✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

TROY INCOME & GROWTH TRUST PLC

no controlled companies

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ALLIANCE TRUST PLC	RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT	SC001731	2017-12-31	490,552,000	471,807,000
ELECTRA PRIVATE EQUITY PLC	C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA	00303062	2018-09-30	26,000,000	24,000,000
WALSINGHAM CAPITAL LIMITED	66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE	09392397	2017-03-31	8,357,785	0
ANCHORHOLDS LIMITED	118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT	SC468481	2018-03-31	86,377	0	64302-Activities of unit trusts 64304-Activities of open-ended investment companies 69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED	6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG	10773394	2018-12-31	63,000	0
EDDLESTON INVESTMENT MANAGEMENT LIMITED	5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ	02100053	2018-12-31	40,124	0
LIFE TENANCY INVESTMENTS LIMITED	18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA	10744662	2018-04-30	0	0	64304-Activities of open-ended investment companies 64306-Activities of real estate investment trusts 66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED	11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG	09916500	2018-12-31	0	0
AXLE TOPCO LIMITED	SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH	10223517	0000-00-00	0	0
BTL FAMILY COMPANY LIMITED	MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD	07875961	0000-00-00	0	0
CALEDONIA INVESTMENTS PLC	CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN	00235481	0000-00-00	0	0
DOWNING ONE VCT PLC	THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG	03150868	0000-00-00	0	0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC	2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD	SC052844	0000-00-00	0	0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC	FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG	07289280	0000-00-00	0	0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED	50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ	SC426395	0000-00-00	0	0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11626661	0000-00-00	0	0
LAST MILE INFRASTRUCTURE GROUP LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11534385	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11614308	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11616387	0000-00-00	0	0
MIDWINTER CAPITAL LIMITED	1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR	11574427	0000-00-00	0	0
SHARVILLE INVESTMENTS LTD	ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW	11478733	0000-00-00	0	0	64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED	3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR	11988938	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
TROY INCOME & GROWTH TRUST PLC	1.0%	3.6%	7.1%	Medium
Other companies Active in the same sector	1.5%	6.7%	18.5%	Medium


Age	0.3%	1.3%	2.4%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.7%	4.4%	10.6%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium

VALUATION (BETA)

Valuation ratios as at 2024-03-31

	Market Cap GBP	Enterprise Value GBP	PE	EV/Revenue	EV/EBITDA
TROY INCOME & GROWTH TRUST PLC			9.9
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A