FINROX LTD

🌿Early-stageactive
15290245 · ltd · incorporated 2023-11-16
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-3.3k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £3,318

Key financials

1 year extracted from filed iXBRL accounts
Cash
£22k
Net Worth
-£3k
Current Assets
£92k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Total assets£36.7k
Current assets£92.2k
Cash£21.7k
Debtors£70.5k
Net assets£-3.3k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-12-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2024-12-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-12-18
    📄
    capital-allotment-shares
    capital · SH01
  6. 2024-12-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-12-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-11-23
    CURTIS, Joseph appointed
    director
  9. 2024-10-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-11-16
    🏢
    Company incorporated
    As FINROX LTD
  11. 2023-11-16
    MULLIN, Tom appointed
    director
  12. 2023-11-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 2.6 years old — management layer unlikely to be developed.

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

11 Recruitment Group Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
11 Recruitment Group Ltd
Corporate parent · holds 50-75% shares
majority
FINROX LTD
This company · 15290245

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
11 Recruitment Group Ltd
Corporate entity
5075%
50–75%50-75% shares · 50-75% voting23/11/2024
1 historic (ceased) PSC
  • Mr Tom Mullinceased 23/11/2024· 75-100% shares · 75-100% voting

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

7 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
Incorporated2023-11-16
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies

Registered office

Formal House
60 St. Georges Place
Cheltenham
Gloucestershire
GL50 3PN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-28
Last: 2025-10-14

Officers (2 active · 0 resigned)

CURTIS, Joseph
director · ~43y · appointed 2024-11-23
View their other companies + combined net worth →
Active
MULLIN, Tom
director · ~37y · appointed 2023-11-16
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-13
change-account-reference-date-company-previous-extended
accounts · AA01
2025-04-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-12-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-18
capital-allotment-shares
capital · SH01
2024-12-18
appoint-person-director-company-with-name-date
officers · AP01
2024-12-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-30
incorporation-company
incorporation · NEWINC
2023-11-16