TRFK LIMITED

🌿Early-stageactive
SC782541 · ltd · incorporated 2023-09-14
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£11.5k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Advertising agencies
Sector: Professional, scientific & technical
Investor take
Special-situation opportunity
Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 60/100. 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).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £11,455

Key financials

1 year extracted from filed iXBRL accounts
Cash
£9k
Net Worth
£11k
Current Assets
£15k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£11.5k
Current assets£15.1k
Cash£9.1k
Debtors£6.0k
Net assets£11.5k

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 (19 events)Click to expand
  1. 2025-06-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-02-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-02-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-02-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-01-07
    ROBERTSON, Alan resigned
    director
  6. 2024-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-10-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2024-10-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-10-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2024-08-14
    GILLESPIE, Gareth Mervyn resigned
    director
  11. 2024-04-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2024-04-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2024-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-03-31
    BOOTH, Keir appointed
    director
  16. 2024-03-31
    ROBERTSON, Alan appointed
    director
  17. 2023-09-14
    🏢
    Company incorporated
    As TRFK LIMITED
  18. 2023-09-14
    GILLESPIE, Gareth Mervyn appointed
    director
  19. 2023-09-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +Young company: Only 2.7 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
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.

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: 2026-04-15

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Keir Booth
Individual · British · DOB 10/1986 · age 40
75100%
75–100%75-100% shares · 75-100% voting14/08/2024
2 historic (ceased) PSCs
  • Mr Alan Robertsonceased 07/01/2025· 25-50% shares · 25-50% voting
  • Mr Gareth Mervyn Gillespieceased 14/08/2024· 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
Incorporated2023-09-14
Jurisdictionscotland
Primary SIC73110 — Advertising agencies

Registered office

6 Miller Road
Ayr
KA7 2AY
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-04-15OVERDUE
Last: 2025-04-01

Officers (1 active · 2 resigned)

BOOTH, Keir
director · ~40y · appointed 2024-03-31
View their other companies + combined net worth →
Active
GILLESPIE, Gareth Mervyn
director · ~50y · appointed 2023-09-14 · resigned 2024-08-14
Resigned
ROBERTSON, Alan
director · ~50y · appointed 2024-03-31 · resigned 2025-01-07
Resigned

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

Recent filings (16 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-12
termination-director-company-with-name-termination-date
officers · TM01
2025-02-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-22
termination-director-company-with-name-termination-date
officers · TM01
2024-10-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-16
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-16
appoint-person-director-company-with-name-date
officers · AP01
2024-04-15
appoint-person-director-company-with-name-date
officers · AP01
2024-04-15