Company Overview
The Skills Development Scotland Co. Limited is listed at the official companies registry as Active Private Limited By Guarantee Without Share Capital. The company was incorporated on Friday 24 December 1999, so this is a well established company. The Skills Development Scotland Co. Limited has been in business for 26 years and 3 months. The accounts status is full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Floor 1 Monteith House, 11 George Square, Glasgow, G2 1DY
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Companies House Data
Company NameTHE SKILLS DEVELOPMENT SCOTLAND CO. LIMITED
Company NumberSC202659
Registered Office AddressFloor 1 Monteith House
 11 George Square
 G2 1DY
Company CategoryPrivate Limited By Guarantee Without Share Capital
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/12/1999
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryFULL
Returns Next Due Date21/01/2017
Returns Last Made Up Date24/12/2015
Previous Company NameChanged Date
SCOTTISH UFI TRUST LIMITED20 Dec 2007
Directors & Members
Show Resigned
Sheila Cowan - Director
(British, 67 years old, born December 1959)
Appointed 01 November 2022
 Active
Mark Dames - Director
(British, 60 years old, born October 1966)
Appointed 08 January 2020
 Active
Stephen Davis - Director
(British, 59 years old, born November 1967)
Appointed 08 January 2026
 Active
Daniel Gallacher - Director
(British, 68 years old, born January 1958)
Appointed 08 January 2026
 Active
Zahra Hedges - Director
(British, 44 years old, born October 1982)
Appointed 08 January 2026
 Active
David Hillier - Director
(British, 56 years old, born April 1970)
Appointed 08 January 2020
 Active
Secretaries
Show Resigned
Other Company Directorships
Sheila Cowan
BOWLS SCOTLAND
SCB CONSULTANCY LTD
TEIBI ART LTD
Mark Dames
SCOTTISH UFI LIMITED
Stephen Davis
No companies found
Daniel Gallacher
No companies found
Zahra Hedges
No companies found
David Hillier
ADVANCED EQUITY RESEARCH LTD
ENABLE SCOTLAND
ENABLE SCOTLAND (LEADING THE WAY)
MAINSTAY TRUST LIMITED
SCOTTISH UFI LIMITED
ST ALOYSIUS' COLLEGE
TRANSFIN INTERNATIONAL LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2014 31-Mar-2013
Balance Sheet
Fixed Assets 444,000 444,000 974,000
Current Assets 29,639,000 29,639,000 33,020,000
Creditors Due Within One Year 10,518,000 10,518,000 7,985,000
Working Cap 19,121,000 19,121,000 25,035,000
Total Assets Less Current Liabilities 19,565,000 19,565,000 26,009,000
Long-term Liabilities 34,541,000 34,541,000 24,668,000
Net Assets -14,976,000 -14,976,000 1,341,000
Share Capital & Reserves
Share Cap 0 0 0
Profit & Loss Reserves -14,976,000 -14,976,000 1,341,000
Other Reserves 0 0 0
Shareholders Funds -14,976,000 -14,976,000 1,341,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2014 31-Mar-2013
Tangible Fixed Assets - - -
Fixed Assets 1.5% 1.5% 2.9%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 25.4% 25.4% 36.8%
Cash Bank In Hand 55.3% 55.3% 17.5%
Current Assets 98.5% 98.5% 97.1%
Creditors Due Within One Year 35.0% 35.0% 23.5%
Net Current Assets Liabilities 63.6% 63.6% 73.6%
Creditors Due After One Year 114.8% 114.8% 72.6%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -49.8% -49.8% 3.9%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve -49.8% -49.8% 3.9%
Shareholder Funds -49.8% -49.8% 3.9%
Capital Employed - - -
Total Assets Less Current Liabilities 65.0% 65.0% 76.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2014 31-Mar-2013
Liquidity Ratio 2.8 2.8 4.1
Solvency Ratio 0.7 0.7 1.0
Reserves to Assets -0.5 -0.5 0.0
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2014 31-Mar-2013
Assets 30,083,000 30,083,000 33,994,000
Debt 45,059,000 45,059,000 32,653,000
Net Assets/Debt -14,976,000 -14,976,000 1,341,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Appointment of Mr Stephen Davis as a director on 8 January 2026
Appointment of Mr Daniel Peter Gallacher as a director on 8 January 2026
Appointment of Mrs Lisa Jean Thomson as a director on 8 January 2026
Appointment of Ms Zahra Hedges as a director on 8 January 2026
Appointment of Mrs Louisa Mary Macdonell as a director on 8 January 2026
Termination of appointment of Christine Pollock as a director on 14 January 2026
Termination of appointment of Nazim Hamid as a director on 14 January 2026
Termination of appointment of Carol Ann Lindsay Evans as a director on 14 January 2026
Termination of appointment of Elizabeth Corcoran as a director on 14 January 2026
Confirmation statement made on 24 December 2025 with no updates
Confirmation statement made on 24 December 2024 with no updates
Change of details for Fair Work, Employability & Skills Directorate on Behalf of the Scottish Ministers as a person with significant control on 1 April 2024
Confirmation statement made on 24 December 2023 with no updates
Termination of appointment of Eileen Russell as a director on 31 October 2023
Confirmation statement made on 24 December 2022 with no updates
Change of details for Promoting Fair Work Division on Behalf of the Scottish Ministers as a person with significant control on 4 January 2023
Appointment of Miss Margaret Mccaig as a director on 1 November 2022
Appointment of Mrs Eileen Russell as a director on 1 November 2022
Appointment of Ms Sheila Grace Cowan as a director on 1 November 2022
Termination of appointment of William Mackie as a director on 31 October 2022
Termination of appointment of Grahame Thomas Smith as a director on 31 October 2022
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