DX RECRUITMENT LIMITED

💤Zombieactive
SC446585 · ltd · incorporated 2013-04-02
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.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Temporary employment agency activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 12.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • • 4 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-02
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  2. 2025-12-02
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  3. 2025-12-02
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  4. 2025-11-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-14
    ➖
    BOYACK, Lyndsay Ellis resigned
    director
  13. 2018-11-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2018-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-11-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-08
    ➕
    BOYACK, Lyndsay Ellis appointed
    director
  17. 2016-06-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2014-12-31
    ➖
    BOYACK, David Robert resigned
    secretary
  19. 2013-07-26
    🔒
    Charge registered #1
    Lender: Bibby Factors Scotland Limited
  20. 2013-05-04
    ➕
    BOYACK, David Robert appointed
    secretary
  21. 2013-04-02
    🏢
    Company incorporated
    As DX RECRUITMENT LIMITED
  22. 2013-04-02
    ➕
    BOYACK, Steven Robert appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

53/100
Moderate signal

Some 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.
  • secondary12+ year tenure: Director in role 13 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-23

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Steven Robert Boyack
Individual · British · DOB 09/1976 · age 50
——sig. influencesignificant influence06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2013-04-02
Jurisdictionscotland
Primary SIC78200 — Temporary employment agency activities

Registered office

Office 10, Commercial Centre
Stirling Enterprise Park
Stirling
FK7 7RP

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-04-23OVERDUE
Last: 2025-04-09

Officers (1 active · 2 resigned)

BOYACK, Steven Robert→
director · ~50y · appointed 2013-04-02
View their other companies + combined net worth →
Active
BOYACK, David Robert→
secretary · appointed 2013-05-04 · resigned 2014-12-31
Resigned
BOYACK, Lyndsay Ellis→
director · ~74y · appointed 2016-06-08 · resigned 2018-11-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Bibby Financial Services
Bibby Factors Scotland Limited
A registered charge1 property26/07/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-12-02
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-12-02
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-12-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-08