PS FIRST FOR RECRUITMENT SERVICES LIMITED

💤Zombieactive
SC762227 · ltd · incorporated 2023-03-14
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 Mar 2025
Net worth
£90.3k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
ALSO REGISTERED FOR
  • 78200Temporary employment agency activities
Investor take
Special-situation opportunity
Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 65/100. 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 3.0y

10/100
under pressure

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

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £90,279
Cash YoY
+8%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£67k
↑ 8.3% YoY
Net Worth
£90k
↑ 106% YoY
Current Assets
£238k
↑ 20% YoY
Current Liabilities
£0£48k£95k£143k£190k£238kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£90.3k£43.9k
Current assets£238.1k£197.9k
Cash£66.9k£61.8k
Debtors£171.1k£136.0k
Net assets£90.3k£43.9k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-03-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-03-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-03-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-03-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-03-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-03-11
    FRASER, Ann resigned
    secretary
  10. 2024-03-11
    FRASER, Ann resigned
    director
  11. 2024-03-10
    EAST, April appointed
    director
  12. 2023-05-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-05-02
    🔒
    Charge registered #1
    Lender: Sallyport Commercial Finance LTD
  14. 2023-03-14
    🏢
    Company incorporated
    As PS FIRST FOR RECRUITMENT SERVICES LIMITED
  15. 2023-03-14
    FRASER, Ann appointed
    secretary
  16. 2023-03-14
    FRASER, Ann appointed
    director
  17. 2023-03-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.

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

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: 2026-03-27

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss April East
Individual · British · DOB 04/1968 · age 58
75100%
75-100% shares10/03/2024
1 historic (ceased) PSC
  • Miss Ann Fraserceased 11/03/2024· 75-100% shares · 75-100% voting · board control

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

9 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
Incorporated2023-03-14
Jurisdictionscotland
Primary SIC78109 — Other activities of employment placement agencies

Registered office

Grahamston Cottage
Grahamston Road
Paisley
PA2 7AD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-27OVERDUE
Last: 2025-03-13

Officers (1 active · 2 resigned)

EAST, April
director · ~58y · appointed 2024-03-10
View their other companies + combined net worth →
Active
FRASER, Ann
secretary · appointed 2023-03-14 · resigned 2024-03-11
Resigned
FRASER, Ann
director · ~58y · appointed 2023-03-14 · resigned 2024-03-11
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
Sallyport Commercial Finance
Sallyport Commercial Finance LTD
A registered charge02/05/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-20
termination-director-company-with-name-termination-date
officers · TM01
2024-03-20
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-20
appoint-person-director-company-with-name-date
officers · AP01
2024-03-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-02
incorporation-company
incorporation · NEWINC
2023-03-14