EVOLVE IT RECRUITMENT LTD
💤Zombieactive
SC420280 · ltd · incorporated 2012-03-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 14.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 800 | 700 |
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
5
filings
- • 2 address
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-02-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-03📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2026-02-03📄change-person-director-company-with-change-dateofficers · CH01
- 2026-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-29➖TURNBULL, Graham Thomas resigneddirector
- 2024-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-03➕MCOSCAR, Simon Paul appointeddirector
- 2024-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-01📄capital-allotment-sharescapital · SH01
- 2023-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-31🔒Charge registered #3Lender: Skipton Business Finance Limited
- 2023-04-06📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-28📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-03-28📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-23📄memorandum-articlesincorporation · MA
- 2023-02-23📄resolutionresolution · RESOLUTIONS
- 2022-04-04➖MCOSCAR, Simon Paul resigneddirector
- 2020-07-10🔓Charge satisfied #2
- 2020-07-09➕TURNBULL, Graham Thomas appointeddirector
- 2017-08-25🔒Charge registered #2Lender: Ultimate Finance Limited
- 2014-02-24🔓Charge satisfied #1
- 2012-06-19🔒Charge registered #1Lender: Keen Thinking Limited
- 2012-03-23🏢Company incorporatedAs EVOLVE IT RECRUITMENT LTD
- 2012-03-23➕MCOSCAR, Simon Paul appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon Paul Mcoscar Individual · New Zealander · DOB 08/1978 · age 48 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Professional services · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CHARLES RIVER LABORATORIES EDINBURGH LIMITED→ SC091725 · est 1985 | £104.00M £76.63M–£131.36M | £127.95M | — | 123600 | 41y | 85 | 67y |
| ROBERTSON EDUCATION (ABERDEENSHIRE) HOLDINGS LIMITED→ SC209010 · est 2000 | £5.47M £4.03M–£6.91M | — | — | 0 | 25y | 85 | 60y |
| DSF (2003) LIMITED→ SC144009 · est 1993 | £4.70M £3.46M–£5.93M | — | — | 7 | 33y | 87 | 61y |
| FCC (EAST AYRSHIRE) HOLDINGS LIMITED→ SC300470 · est 2006 | £3.99M £2.94M–£5.03M | — | — | 0 | 20y | 87 | 60y |
| NWH HOLDINGS LIMITED→ SC303441 · est 2006 | £3.67M £2.70M–£4.64M | — | — | 373 | 20y | 88 | 61y |
| BLYTH & BLYTH CONSULTING ENGINEERS LIMITED→ SC241155 · est 2002 | £2.78M £2.05M–£3.52M | — | — | 93 | 23y | 87 | 85y |
| SIBCAS LIMITED→ SC052604 · est 1973 | £1.88M £1.39M–£2.38M | — | — | 165 | 53y | 88 | 68y |
| HORIZON (GP) LIMITED→ SC493523 · est 2014 | £45.2k £33.3k–£57.1k | — | — | 6 | 11y | 95 | 66y |
| 3 ED HOLDINGS 2 LIMITED→ SC328040 · est 2007 · no financials extracted | — | — | — | — | 19y | 83 | 65y |
| ACCOUNTING & TAXATION SERVICE LTD→ SC360357 · est 2009 · no financials extracted | — | — | — | — | 17y | 83 | 58y |
| BRINDLEY ASSOCIATES LIMITED→ SC290803 · est 2005 | — | — | — | 1300 | 20y | 83 | 59y |
| CALECON (HOLDINGS) LIMITED→ SC325563 · est 2007 | — | — | — | 0 | 19y | 83 | 64y |
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
Incorporated2012-03-23
Jurisdictionscotland
Primary SIC78109 — Other activities of employment placement agencies
Registered office
11 Alva Street
Edinburgh
EH2 4PH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03
Officers (1 active · 2 resigned)
MCOSCAR, Simon Paul→
Activedirector · ~48y · appointed 2024-11-03
View their other companies + combined net worth →
MCOSCAR, Simon Paul→
Resigneddirector · ~48y · appointed 2012-03-23 · resigned 2022-04-04
TURNBULL, Graham Thomas→
Resigneddirector · ~37y · appointed 2020-07-09 · resigned 2024-11-29
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Skipton Business Finance Skipton Business Finance Limited | A registered charge | 1 property | 31/05/2023 | — | |
| satisfied | Ultimate Finance Ultimate Finance Limited | A registered charge | 1 property | 25/08/2017 | 10/07/2020 | |
| satisfied | Keen Thinking Keen Thinking Limited | All assets debenture | 1 property | 19/06/2012 | 24/02/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (71 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-03
change-sail-address-company-with-old-address-new-address
address · AD02
2026-02-03
change-person-director-company-with-change-date
officers · CH01
2026-02-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-04
change-person-director-company-with-change-date
officers · CH01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-21
termination-director-company-with-name-termination-date
officers · TM01
2025-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-20
appoint-person-director-company-with-name-date
officers · AP01
2024-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-12