AYRSHIRE TRADE FRAMES DIRECT LTD

🏛️Establishedactive
SC557930 · ltd · incorporated 2017-02-16
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees2200

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-02-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-02-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-02-28
    ➕
    MCCORMACK, Victoria appointed
    director
  8. 2023-02-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-05-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2019-05-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2019-05-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-05-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-05-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2018-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-09-07
    ➖
    STEELE, Gordon resigned
    director
  20. 2017-02-16
    🏢
    Company incorporated
    As AYRSHIRE TRADE FRAMES DIRECT LTD
  21. 2017-02-16
    ➕
    MCCORMACK, James Patrick appointed
    director
  22. 2017-02-16
    ➕
    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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Mccormack
Individual · Scottish · DOB 11/1980 · age 46
75–100%
75–100%board control75-100% shares · 75-100% voting · board control07/09/2018
1 historic (ceased) PSC
  • Mr Gordon Steeleceased 07/09/2018· significant influence

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
Incorporated2017-02-16
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

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

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15

Officers (2 active · 1 resigned)

MCCORMACK, James Patrick→
director · ~46y · appointed 2017-02-16
View their other companies + combined net worth →
Active
MCCORMACK, Victoria→
director · ~46y · appointed 2023-02-28
View their other companies + combined net worth →
Active
STEELE, Gordon→
director · ~57y · appointed 2017-02-16 · resigned 2018-09-07
Resigned

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

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
change-person-director-company-with-change-date
officers · CH01
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
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
appoint-person-director-company-with-name-date
officers · AP01
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-07