TREFULY LTD

💤Zombieactive
SC698928 · ltd · incorporated 2021-05-17
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
year to May 2024
Net worth
£6
book net assets
Opportunity
58/100
Worth a look
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What this business does
Primary activity: Book publishing
Sector: Information & communication
ALSO REGISTERED FOR
  • 58190Other publishing activities
  • 70229Management consultancy activities other than financial management
  • 96040Physical well-being activities
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: high (80/100)

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

Company profile
address, 4 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £6
Net assets shrinking
Down £16 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£6
↓ 73% YoY
Current Assets
Current Liabilities
£0£4£9£13£18£22May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£6£22
Current assets£21
Net assets£6£22

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

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 (8 events)Click to expand
  1. 2025-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2023-11-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-05-17
    🏢
    Company incorporated
    As TREFULY LTD
  7. 2021-05-17
    HORSTKAMP, Emmy Ann appointed
    director
  8. 2021-05-17
    📄
    incorporation-company
    incorporation · NEWINC

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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Sovereign Empress Queen Ann, Dr. Emmy Ann Horstkamp
Individual · German,American · DOB 11/1968 · age 58
75100%
75–100%board control75-100% shares · 75-100% voting · board control17/05/2021

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.

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

10 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.

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Company details

Statusactive
Typeltd
Incorporated2021-05-17
Jurisdictionscotland
Primary SIC58110 — Book publishing

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-04-17OVERDUE
Last: 2025-04-03

Officers (1 active · 0 resigned)

HORSTKAMP, Emmy Ann
director · ~58y · appointed 2021-05-17
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-11
accounts-with-accounts-type-dormant
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
incorporation-company
incorporation · NEWINC
2021-05-17