FRAME AGENCY LIMITED

🌳Matureactive

SC117337 · ltd · incorporated 1989-04-14

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 Dec 2024

Net worth

—

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Advertising agencies

Sector: Professional, scientific & technical

ALSO REGISTERED FOR

82990Other business support service activities n.e.c.

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 33.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 33.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

18 officers (2 active, 18 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

7 connected companies via shared directors

Filing history

146 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	8	3400

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (60 events)Click to expand

2025-09-30
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2025-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
➖
MBM SECRETARIAL SERVICES LIMITED resigned
corporate-secretary
2025-04-30
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-25
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-03-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-14
➖
MITCHELL, Keli resigned
director
2023-06-05
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-06-02
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-05-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-16
📄
appoint-corporate-secretary-company-with-name-date
officers · AP04
2023-05-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-16
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-05-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
🔒
Charge registered #4
Lender: Roslynn Elizabeth Mclean Mackay (As Security Trustee)
2023-05-15
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Virgin Money)
2023-05-12
➕
MCCRANOR, Stephen Brian appointed
director
2023-05-12
➕
ROBERTSON, Malcolm George Wallace appointed
director
2023-05-12
➖
HMS SECREATRIES LIMITED resigned
corporate-secretary
2023-05-12
➕
MBM SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
2023-05-12
➖
MACKAY, Roslynn Elizabeth Mclean resigned
director
2023-05-12
➕
MITCHELL, Keli appointed
director
2023-05-12
➖
O'DONNELL, Gary resigned
director
2023-05-12
➖
WALKER, Angus Greig resigned
director
2023-04-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-04-01
➕
MACKAY, Roslynn Elizabeth Mclean appointed
director
2013-06-25
➖
ATHA, Graeme Alexander resigned
director
2010-04-29
➕
WALKER, Angus Greig appointed
director
2010-04-16
➖
CUMMING, George Robert resigned
secretary
2010-04-16
➕
HMS SECREATRIES LIMITED appointed
corporate-secretary
2010-04-16
➖
CUMMING, George Robert resigned
director
2010-04-16
➕
O'DONNELL, Gary appointed
director
2008-08-22
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2008-08-15
🔓
Charge satisfied #1
2007-03-20
➖
MILLER, David Limond resigned
director
2007-03-15
➕
CUMMING, George Robert appointed
director
2007-02-25
➖
FRAME, Alan resigned
director
2006-04-01
➕
MILLER, David Limond appointed
director
2006-03-31
➖
CLARK, Stewart William resigned
director
2005-07-01
➕
ATHA, Graeme Alexander appointed
director
2004-06-01
➕
CLARK, Stewart William appointed
director
2001-08-01
➕
CUMMING, George Robert appointed
secretary

Showing most recent 50 of 60 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Frame Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Frame Group Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

FRAME AGENCY LIMITED

This company · SC117337

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Frame Group Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

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 →

Similar companies

Active · Professional services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCGHEE GROUP LIMITED→ SC362390 · est 2009	£20.62M £15.19M–£26.04M	—	—	—	16y	87	67y
I3WORKS LTD→ SC477423 · est 2014	£16.71M £12.31M–£21.11M	£38.15M	—	14200	12y	92	61y
24/26 HOLDINGS LTD→ SC470528 · est 2014	£4.81M £3.54M–£6.07M	—	—	26	12y	85	67y
INTERLOCK INVESTMENTS LIMITED→ SC057982 · est 1975	£3.26M £2.40M–£4.11M	—	—	20	50y	84	72y
SKYVISION INTERNATIONAL LIMITED→ SC153156 · est 1994	£837.2k £616.9k–£1.06M	£680.4k	—	100	31y	88	65y
ACCU-TECH SYSTEMS LIMITED→ SC223891 · est 2001	£22.3k £16.4k–£28.2k	£413.2k	—	300	24y	85	58y
'A' FLIGHT AVIATION LIMITED→ SC157855 · est 1995	—	—	£6.9k	—	31y	83	72y
ADVANCED ASSET CONSULTANTS LIMITED→ SC362302 · est 2009	—	—	—	13	16y	83	63y
AKELA PLANT HIRE LTD→ SC313584 · est 2006	—	—	£1.69M	—	19y	83	58y
ANDERSON KNIGHT LIMITED→ SC214850 · est 2001	—	—	—	2300	25y	83	63y
ASSISTING SUCCESS LIMITED→ SC294900 · est 2005	—	—	£29.2k	—	20y	83	62y
BIO-IMAGES DRUG DELIVERY LTD→ SC383233 · est 2010	—	—	—	0	15y	83	82y

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

Incorporated1989-04-14

Jurisdictionscotland

Primary SIC73110 — Advertising agencies

Registered office

Four Winds Pavilion

Pacific Quay

Glasgow

G51 1DZ

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-10-12

Last: 2025-09-28

Officers (2 active · 16 resigned)

MCCRANOR, Stephen Brian→

director · ~48y · appointed 2023-05-12

View their other companies + combined net worth →

Active

ROBERTSON, Malcolm George Wallace→

director · ~54y · appointed 2023-05-12

View their other companies + combined net worth →

Active

CUMMING, George Robert→

secretary · appointed 2001-08-01 · resigned 2010-04-16

Resigned

FRAME, Alan→

secretary · appointed 1990-07-31 · resigned 2001-07-31

Resigned

HMS SECREATRIES LIMITED→

corporate-secretary · appointed 2010-04-16 · resigned 2023-05-12

Resigned

MBM SECRETARIAL SERVICES LIMITED→

corporate-secretary · appointed 2023-05-12 · resigned 2025-04-30

Resigned

ATHA, Graeme Alexander→

director · ~68y · appointed 2005-07-01 · resigned 2013-06-25

Resigned

CARROLL, Christopher Michael→

director · ~79y · appointed 1996-02-16 · resigned 1998-03-31

Resigned

CLARK, Stewart William→

director · ~79y · appointed 2004-06-01 · resigned 2006-03-31

Resigned

CUMMING, George Robert→

director · ~67y · appointed 2007-03-15 · resigned 2010-04-16

Resigned

CUNNINGHAM, George Alan Lawrence→

director · ~67y · appointed 1992-03-31 · resigned 2001-08-01

Resigned

FRAME, Alan→

director · ~64y · resigned 2007-02-25

Resigned

MACKAY, Roslynn Elizabeth Mclean→

director · ~66y · appointed 2016-04-01 · resigned 2023-05-12

Resigned

MCBLANE, James Keenan→

director · ~77y · appointed 1990-07-31 · resigned 1992-03-31

Resigned

MILLER, David Limond→

director · ~66y · appointed 2006-04-01 · resigned 2007-03-20

Resigned

MITCHELL, Keli→

director · ~50y · appointed 2023-05-12 · resigned 2023-11-14

Resigned

O'DONNELL, Gary→

director · ~55y · appointed 2010-04-16 · resigned 2023-05-12

Resigned

WALKER, Angus Greig→

director · ~63y · appointed 2010-04-29 · resigned 2023-05-12

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Roslynn Elizabeth Mclean Mackay (As Security Trustee)	A registered charge	—	15/05/2023	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Virgin Money)	A registered charge	—	15/05/2023	—
outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	22/08/2008	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Floating charge	1 property	22/10/1992	15/08/2008

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (146 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-30

change-sail-address-company-with-old-address-new-address

address · AD02

2025-09-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-30

termination-secretary-company-with-name-termination-date

officers · TM02

2025-04-30

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2025-03-25

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-03-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-12

termination-director-company-with-name-termination-date

officers · TM01

2023-11-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-28

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2023-06-05

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2023-06-02

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-05-30

appoint-person-director-company-with-name-date

officers · AP01

2023-05-16

appoint-person-director-company-with-name-date

officers · AP01

2023-05-16