FRANK GILLESPIE TRADE SALES LTD.

🌳Matureactive
SC277533 · ltd · incorporated 2004-12-17
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
£-107.7k
book net assets
Opportunity
78/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £107,708
Cash YoY
-12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£70k
↓ 12% YoY
Net Worth
-£108k
↓ 106% YoY
Current Assets
£238k
↓ 11% YoY
Current Liabilities
—
-£108k-£33k£42k£117k£192k£267kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£201.0k£201.9k
Current assets£238.4k£267.1k
Cash£69.8k£79.1k
Debtors£4.0k£3.0k
Net assets£-107.7k£-52.3k

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

🔒Filing-note intelligence

1 signal 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 (33 events)Click to expand
  1. 2025-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-25
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-04-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-02-12
    ➕
    GILLESPIE, Jannette Love appointed
    director
  10. 2020-02-12
    ➕
    KELLY, Charles Archibald appointed
    director
  11. 2020-02-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-02-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2019-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-03-17
    ➖
    GILLESPIE, Janette Love resigned
    director
  17. 2017-03-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2017-03-16
    ➕
    GILLESPIE, Francis Joseph appointed
    director
  19. 2017-03-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2011-11-30
    ➖
    GILLESPIE, Janette Love resigned
    secretary
  21. 2011-11-30
    ➖
    GILLESPIE, Francis Joseph resigned
    director
  22. 2011-11-28
    ➕
    GILLESPIE, Janette Love appointed
    director
  23. 2007-10-31
    ➖
    GILLESPIE, Francis Joseph resigned
    secretary
  24. 2007-10-31
    ➕
    GILLESPIE, Janette Love appointed
    secretary
  25. 2007-10-31
    ➖
    MCGLADRIGAN, Paul resigned
    director
  26. 2004-12-17
    🏢
    Company incorporated
    As FRANK GILLESPIE TRADE SALES LTD.
  27. 2004-12-17
    ➕
    GILLESPIE, Francis Joseph appointed
    secretary
  28. 2004-12-17
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  29. 2004-12-17
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  30. 2004-12-17
    ➕
    GILLESPIE, Francis Joseph appointed
    director
  31. 2004-12-17
    ➕
    MCGLADRIGAN, Paul appointed
    director
  32. 2004-12-17
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  33. 2004-12-17
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Founder name in company name: Company name contains director surname "GILLESPIE" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
Francis Joseph Gillespie
Individual · British · DOB 03/1962 · age 64
25–50%
—25-50% shares17/12/2016
Mrs Jannette Love Gillespie
Individual · British · DOB 04/1964 · age 62
25–50%
—25-50% shares17/12/2016

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 · Trade services · PA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
HARLEY & HUDSON LTD→
SC790559 · est 2023 · no financials extracted
————2y——
HENDERSON TAXATION & ACCOUNTANCY SERVICES LTD→
SC454331 · est 2013 · no financials extracted
————12y——
HIGHLANDS2HAMMOCKS LTD→
SC721117 · est 2022 · no financials extracted
————4y——
HOST CONNECT - EDUCATION LTD→
SC847864 · est 2025 · no financials extracted
———————
HOWAT'S LAUNDRY SERVICES LTD→
SC777229 · est 2023 · no financials extracted
————2y——
IN-WORK ENTERPRISES LTD.→
SC495974 · est 2015 · no financials extracted
————11y——
INDEPENDENT FINANCIAL ADVICE CENTRE (GLASGOW) LIMITED→
SC317059 · est 2007 · no financials extracted
————19y——
INSIGHT PROJECT CONTROLS LIMITED→
SC632762 · est 2019 · no financials extracted
————6y——
IRON PROTECTION SECURITY LIMITED→
SC833374 · est 2025 · no financials extracted
————1y——
J1WVS LTD→
SC666678 · est 2020 · no financials extracted
————5y——
JAC-G VENTURES LTD→
SC826526 · est 2024 · no financials extracted
————1y——
JAGSMAN GAMING LIMITED→
SC776563 · est 2023 · no financials extracted
————2y——
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
Incorporated2004-12-17
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

51 Amochrie Glen
Paisley
PA2 0DY
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (3 active · 7 resigned)

GILLESPIE, Francis Joseph→
director · ~64y · appointed 2017-03-16
View their other companies + combined net worth →
Active
GILLESPIE, Jannette Love→
director · ~62y · appointed 2020-02-12
View their other companies + combined net worth →
Active
KELLY, Charles Archibald→
director · ~65y · appointed 2020-02-12
View their other companies + combined net worth →
Active
GILLESPIE, Francis Joseph→
secretary · appointed 2004-12-17 · resigned 2007-10-31
Resigned
GILLESPIE, Janette Love→
secretary · appointed 2007-10-31 · resigned 2011-11-30
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-12-17 · resigned 2004-12-17
Resigned
GILLESPIE, Francis Joseph→
director · ~64y · appointed 2004-12-17 · resigned 2011-11-30
Resigned
GILLESPIE, Janette Love→
director · ~62y · appointed 2011-11-28 · resigned 2017-03-17
Resigned
MCGLADRIGAN, Paul→
director · ~65y · appointed 2004-12-17 · resigned 2007-10-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-12-17 · resigned 2004-12-17
Resigned

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

Recent filings (59 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-23
confirmation-statement-with-updates
confirmation-statement · CS01
2020-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-04-30
appoint-person-director-company-with-name-date
officers · AP01
2020-02-12