AYRSHIRE TRADE FRAMES LTD

🌳Matureactive
SC493083 · ltd · incorporated 2014-12-10
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 8.9y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other construction installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 8.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 8.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 7 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees141400

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

🔒Filing-note intelligence

2 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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-02-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-02-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-02-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-12-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2021-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2018-12-18
    ➕
    MCCORMACK, Victoria appointed
    director
  16. 2018-12-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-09-07
    ➖
    STEELE, Gordon resigned
    director
  19. 2018-09-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2017-08-01
    🔒
    Charge registered #1
    Lender: Lloyds Bank Commercial Finance LTD
  21. 2017-05-24
    ➖
    MCCORMACK, Victoria resigned
    director
  22. 2017-05-24
    ➖
    STEELE, Jennifer Fiona resigned
    director
  23. 2017-05-01
    ➕
    MCCORMACK, James Patrick appointed
    director
  24. 2017-05-01
    ➕
    STEELE, Gordon appointed
    director
  25. 2017-04-07
    ➖
    MCCORMACK, James Patrick resigned
    director
  26. 2017-04-07
    ➖
    STEELE, Gordon resigned
    director
  27. 2017-02-16
    ➕
    MCCORMACK, Victoria appointed
    director
  28. 2017-02-16
    ➕
    STEELE, Jennifer Fiona appointed
    director
  29. 2014-12-10
    🏢
    Company incorporated
    As AYRSHIRE TRADE FRAMES LTD
  30. 2014-12-10
    ➕
    MCCORMACK, James Patrick appointed
    director
  31. 2014-12-10
    ➕
    STEELE, Gordon appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Victoria Mccormack
Individual · Scottish · DOB 09/1980 · age 46
25–50%
25–50%board control25-50% shares · 25-50% voting · board control23/12/2021
Mr James Patrick Mccormack
Individual · British · DOB 11/1980 · age 46
25–50%
25–50%board control25-50% shares · 25-50% voting · board control08/12/2016
1 historic (ceased) PSC
  • Mr Gordon Steeleceased 07/09/2018· 25-50% shares

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

6 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
Incorporated2014-12-10
Jurisdictionscotland
Primary SIC43290 — Other construction installation

Registered office

Unit 37 Boundary Road
Heathfield Industrial Estate
Ayr
KA8 9DJ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-22
Last: 2025-12-08

Officers (2 active · 5 resigned)

MCCORMACK, James Patrick→
director · ~46y · appointed 2017-05-01
View their other companies + combined net worth →
Active
MCCORMACK, Victoria→
director · ~46y · appointed 2018-12-18
View their other companies + combined net worth →
Active
MCCORMACK, James Patrick→
director · ~46y · appointed 2014-12-10 · resigned 2017-04-07
Resigned
MCCORMACK, Victoria→
director · ~46y · appointed 2017-02-16 · resigned 2017-05-24
Resigned
STEELE, Gordon→
director · ~57y · appointed 2017-05-01 · resigned 2018-09-07
Resigned
STEELE, Gordon→
director · ~57y · appointed 2014-12-10 · resigned 2017-04-07
Resigned
STEELE, Jennifer Fiona→
director · ~54y · appointed 2017-02-16 · resigned 2017-05-24
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge—01/08/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-26
change-person-director-company-with-change-date
officers · CH01
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-29
change-person-director-company-with-change-date
officers · CH01
2024-02-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-23